Find quick and inexpensive parking spots in real time.
I was fortunate enough to recently learn about Yspott, a soon-to-be-released platform for booking private parking spots for an allotted period of time. This can be a lifesaver in crowded metropolitan areas, or during a local event like a large concert or sports game. More importantly, however, it utilizes space in a far more efficient manner.
How does it work?
In most urban environments, drivers spend up to 100 hours a year looking for a parking spot. Even if you enjoy the act of driving itself (I do), it takes a special kind of masochist to enjoy searching for a parking spot. And when you decide that your time is better suited elsewhere, paying for parking in designated lots can be costly and vary greatly from block to block – making it difficult to know whether you’re getting a “deal”.
Yspott recognized this problem, and is developing a solution for the everyday driver. In short, it pairs unused private parking spaces in apartment complexes, driveways, and even business parking lots with drivers searching for a short-term spot. It can work in real-time, too, pairing users with nearby parking spots that have recently opened up.
Renting your spot
If you’re someone with a space to rent (or maybe it’s open when you’re at work from 9:30am – 5pm), simply set your price, and the hours of the day your spot is “available” for rent. Not only is it a great opportunity for passive income, it’s a better use of space within a city for something that would otherwise be a blank square of pavement.
What we like
There are other parking spot marketplace apps such as JustPark or PaveMint, but what intrigues us about Yspott is their attention to businesses and their open parking spots. Due to outdated minimum parking requirements, many businesses are stuck with more open spots than they end up needing (especially in the today’s world of online shopping and delivery, where traveling to a physical store becomes less necessary). Utilizing a service like Yspott can give businesses a needed stream of additional revenue, while bringing foot traffic and “social proof” to their storefront (appearing busy).
Yspott is coming soon – to be one of the first to start renting out your parking space for additional income (or find a parking space with ease), sign up for the waitlist on the Yspott site!
If you have questions about the launch or want more information, contact email@example.com