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Recently, we told you about ParkatmyHouse.com, an online site where you could rent out extra spots at your house for some extra cash. Well, in some cities it may actually cost you, because renting your parking space could be illegal.
A quick rundown – Parkatmyhouse.com lets you list extra parking spaces to renters looking for short-term parking, like for an event or airport parking alternatives, or even for long-term parking arrangements. Payments are done online, and the service takes a cut once the transaction is complete. Seems like an easy way to make a couple of bucks – in fact, a church in London, England, made $180,000 by renting out its lot just by using the online service.
But some cities, you could be breaking a bylaw. Take Toronto, Ontario, for example. According to Lance Cumberbatch, director of the City of Toronto’s investigations services, you’re breaking several bylaws if you rent out a private space to the public. Commercial garages are the only businesses that can legally rent out parking spots, and these garages have to be located in an industrial or commercial zone – not residential, where listings on ParkatmyHouse.com are usually located. On top of that, owners of commercial garages need a licence to operate.
For other businesses and companies that want to rent out extra parking spaces at its offices, they are out of luck too. In Toronto, bylaws state that parking spaces must be used for purposes associated with the building. So even when the lot sits empty after office hours, the business can’t rent them out.
Enforcement of these parking bylaws is usually made because of complaints, and if the violations go to court, fines of $25,000 can be handed down.
Check your city or town’s bylaws before you post your parking space listing on Parkatmyhouse.com – you want to make money, not spend it on tickets.
[Source: Toronto Star]
Your unused parking spot could be making you some extra cash by renting it out for short-term parking at ParkatmyHouse.com.
If you live near a major airport or event venue, you could be making a few extra bucks by using this online parking marketplace. The service lets homeowners, business owners, churches and schools list their extra parking spots and matches them with drivers who need a place to park their car.
Based out of the U.K., ParkatmyHouse.com has been operating for about six years and has branched out to the U.S. Now, the company is making great headway in Boston, Washington D.C. and Philadelphia.
Here’s how it works: You can list your parking space for free on ParkatmyHouse.com. If you rent out your space, the company takes a 15% commission from each transaction. Depending on how far the driver’s destination from the rented parking spot, the homeowner can drive them to their destination, if that’s part of the arranged deal.
If you live near places such as a sports venue or subway station, you can charge more for your spot. For example, if you live near Yankee Stadium, you can charge anywhere from $40 to $60. Not bad, especially if you’re not using the spot for the night.
[Source: NY Daily News]