By Anthony O’Brien, Money Magazine, August 2019
If you live close to a train station or in the middle of the city and have space to park an extra car, you could generate thousands of dollars annually, according to the peer-to-peer platform Parkhound.
Users also benefit: they can secure affordable, accessible long-term parking, often in high-demand areas.
Parkhound has over 40,000 spots nationally from a variety of peer-to-peer spaces and car park operators. Since 2015 members, also called hosts, have earned more than $20 million collectively.
Where to start
Parkhound, a subsidiary of Spacer, is an online marketplace for storage and parking.
It connects drivers who want convenient parking with local property owners who have an extra space, such as a garage, carport, driveway or allocated space.