MAKE SE­RI­OUS MONEY FROM A SPARE PARK­ING SPACE

The Jewish Chronicle - - Business -

IF you have a spare park­ing space in your drive­way, why not rent it out to earn some ex­tra cash? There is se­ri­ous money to be made by peo­ple liv­ing in an ur­ban area, par­tic­u­larly in Lon­don, or close to ma­jor sport­ing are­nas. Al­though it has al­ways been pos­si­ble to do it pri­vately, there are now on­line park­ing mar­ket­places, which al­low you to list for free and quote a price. Of course, they take a per­cent­age of your cut, but it is worth it. You can also set re­stric­tions on use, for in­stance, if you are likely to need the space on week­ends or par­tic­u­lar times of the year. The two main sites are parkat­my­house.com and you­can­park.com. Make sure that you are prop­erly in­sured for such use, and re­mem­ber that you will have to pay tax on money earned as it counts as ex­tra in­come.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.