How To Safely Rent Out Your Driveway?

Amy notices job commuters driving through her neighborhood. She knows there is a demand for parking nearby. She decides to rent out her driveway.

Tom lives near a stadium. Every game day thousands of fans pass his driveway looking for parking. He decides to rent out his driveway.

Jackie has a beach house with plenty of parking. The beach access and parking is extremely limited. Seeing an opportunity, she decides to rent out her driveway.

All three want to safely rent out their driveways, but their needs are very different. Renting out monthly parking to employees is different from renting out space for event or beach parking.

Safely renting out your driveway can be very personal. You should be selective, especially if you're renting out space on weekly or monthly terms.

However, renting out your driveway everyday for concerts, ballgames, or other events can be all business. Being selective may not your issue, but scheduling and keeping up with payments are important.

So what is the best way to safely rent out your driveway? Depends on your needs, but to be more specific, you should use an online app that was designed for renting out residential parking spaces.

When renting out your driveway, the following rules will apply to help you get what you want:

You want a simple sign up process

You want to be able to sign up quickly with an email address or through a social network like Facebook. You should be able to sign in even if you are not ready to rent out your parking space yet. Signing up for top rated apps should take less than one minute.

You want to be able to add terms

Your app should come with basic rental terms that protect you and your space. But let's face it, all parking spaces were not created equal. Your app should give you the option of adding additional terms to your rental agreement that will suit your specific parking situation. Additional terms can include instructions for beach access, noise levels, where, when, or how to park.

Privacy is very important

You and each driver will be required to give personal financial information. Your web browser should transfer this data to an app equipped with SSL certificates (Secure Sockets Layer) for each domain and subdoman being used. The app you use should have an established privacy policy that will not sell your personal information.

You should be able to contact the driver about your parking space

If you are renting out your spaces weekly or monthly, you want an app that has a messaging system. Messaging gives you the option to contact the driver before, during, or after the transaction. This gives you the opportunity to establish understanding and rapport.

You should be able to make your listing active or inactive

You want to choose when to rent out and when not to rent. Holidays are great times to rent out your parking space, but if you have family coming to town, you need your parking for family. You need an app that can make listings inactive (or active again) in real time.

You don't want to handle cash

Your payment transactions should be cashless for your safety. The app you use should be able to process any type of payment. You want an app that handles the scheduling, billing, payments, and collections, but you want the payments to come directly to you and not to some third party.

You want to be able to rate your drivers

You want to use an app that has trust built in by allowing you to rate your renting experience with a driver. You should use an app that allows you to view comments made by other owners about a specific driver looking to rent from you.

You may want to think about more than just cars

If you have the space available, you should consider an app that rents space to more than just cars. Bicycles, motorcycles, recreation vehicles, campers, and boats also need parking.

And finally,

You want to actually get your parking space rented

You want to use an app with marketing features. For a personal touch, you should be able to add your own pictures of your driveway rather than rely on Google streets. You also want an app that is integrated into mapping software and social media so your parking space can be marketed, tweeted, or displayed to drivers nearby.

Author - Rodney Young, CTO of CurbFlip

http://curbflip.com/

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Rodney Young CTO of CurbFlip