How to Earn Money Through Driveway Rental

Easy Ways to Make Money, Help to Pay the Bills, No Effort Required

Aug 6, 2009 Asa Ghaffar

Looking for easy ways to make money to pay the bills? Find out how to earn money through driveway rental. Make the most of an empty driveway and earn a regular income.

Most people want to discover how to earn money to help pay the bills. Whilst easy ways to make money are few and far between, it is possible to make extra cash quickly and easily through driveway rental. Letting a parking space, driveway or garage helps to generate a regular income with no effort required.

How to Earn Money Through Driveway Rental

A homeowner (or tenant with permission to sublet) makes contact with the driveway rental company and provides full details of their driveway, parking space or allocated parking bay.
These details are added to the providers database in order to be able match parking spaces with suitable applicants.
Interested parties are able to view the driveway, parking space or allocated parking bay to decide whether it is what they are seeking. If it is, a contract will be drawn-up. How to earn money from driveway rental could not be more simple
The driveway rental company will handle the collection of a deposit for any keys, fobs or security cards. The first months rental will be collected in advance, but a direct debit facility will be used moving forwards. Any commission for marketing and administration is taken from this payment.
The tenant is then free to use the driveway, parking space or allocated parking bay at any time. The owner makes extra cash.

Make Extra Cash from a Driveway, Parking Space or Allocated Parking Bay

Driveway rental is an easy way to make extra money to pay the bills for those who don't need their allotted parking space. Those who live in a central location or near an amenity, such as a sports stadium, airport or train station may be able to make even more.

How Much Extra Cash?

According to the latest data from Park Let, it is possible to make the following from driveway rental:

2009 UK League Table (outside of London):

Liverpool £123 per month.
Nottingham £115 per month.
Manchester £109 per month.
Brighton £108 per month.
Bristol £100 per month.

2009 London League Table:

Liverpool St, EC1 £ 223 per month.
Cardinal Place, SW1 £ 222 per month.
Old Street, EC1 £ 205 per month.
Canon St, EC4 £ 205 per month.
Pimlico, SW1V £ 202 per month.

The Benefits of Driveway Rental

Those wondering how to earn money and supplement their primary income now have a means of achieving this objective with minimal personal effort.
Having a vehicle parked outside the family home may deter burglars as it creates the illusion that someone is at home. This is particularly useful when on holiday or away for an extended period of time.

The Negatives of Driveway Rental

The requirement that a parking space is made available 24 hours a day may result in some sleep disturbance for either the homeowner or neighbours. For example, opening the garage or starting the vehicle.
It is impossible to determine the kind of individual who will be renting a driveway; some people are far more considerate of personal property than others.

Homeowners and tenants now know how to earn money without having to do anything that interferes with their current lifestyle. Driveway rental provides an easy way to make money from an unoccupied driveway, parking space or allocated parking bay.

Readers who found this article useful may also be interested in identifying ways to reduce credit card debt.

Disclaimer: This article in no way attempts to give legal or tax advice. One should consult a licensed attorney, tax advisor, or other qualified professional.

The copyright of the article How to Earn Money Through Driveway Rental in Personal Budgeting/Finance is owned by Asa Ghaffar. Permission to republish How to Earn Money Through Driveway Rental in print or online must be granted by the author in writing.