ParqEx

What: An online platform where you can list your garage, driveway or parking space to rent

Expected pay: Varies by location

Commissions & fees: 15%

Where: Illinois (downtown Chicago and near sports stadiums), Milwaukee, Madison, Boston, Washington, D.C., San Francisco, Los Angeles, Miami and Philadelphia

Requirements: Smart phone with Adroid or Apple operating system; a legal right to a parking spot 

Review:

PROS:

  • One of few online platforms helping people rent out their parking spaces or driveways
  • Paid almost immediately for rentals by either Chase QuickPay, direct deposit, or PayPal. (If you use PayPal, you’ll also be subject to the site’s 3% fee.)
  • Well established in Chicago, Milwaukee, and Madison, Wisconsin

CONS:

  • It is not available everywhere
  • No difference in the cost of renting a spot for a day vs. a few hours
  • There is a penalty if hosts cancel a parking reservation, but the penalty is not clearly defined
    • The possible penalties ranged from public shaming to a $50 fine. It seems that in all cases of host cancellation, the host would pay ParqEx’s lost commission of 15% of the rental amount

There are two other parking apps reviewed on HustleVida to check out — CurbFlip and Pavemint

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