Renting out car spaces is the latest great idea that people have found to help pay off their spiraling debts and breathe a little easier during these difficult economic times.
Michael Dunne, Managing Director of RentmyCarpark.com.au says “most people don’t even know they have such a valuable asset right under their noses. Any space can be a money spinner and people always need spaces to park their cars, trucks, boats, bikes, caravans and more. People are always on the lookout for cheaper storage alternatives too”.
An advertisement on the Rentmy Carpark website is just $10 (+gst) and the ads are listed for 12 months, so it’s pretty cheap to test the market for your space. The company acts purely as an advertising service and therefore they take no commission once you find a renter for your space.
Depending on the area that you live in rental returns from your space can range from between $25 per week to a respectable $150 per week.
Mr Dunne said “although any space could potentially be rented out, subject to local regulations, the most popular searches tend to be for car or storage spaces near city centre’s, train stations, universities, sports stadiums and beaches.”
Rentmy Carpark is set up so that you can advertise your space as either Long term (weekly rates), or Short term (daily rates). You can also specify the days and time that your space is available, meaning that a space doesn’t need to be available 24/7 for you to earn money by renting it out.