Posts in Garage

ParqEx - The Changing Dynamic of Parking

The Changing Dynamic of Parking

August 8th, 2017 Posted by Chicago, Feature, Garage, Parking, Parking Apps, parking spots, ParqEx No Comment yet

Parking spaces have long been lauded as a critical part of residential buildings. People who live in apartments, condos, and other buildings need a place to park their cars when they come home each night. Over the last few years, however, there’s been a significant shift in the way people view both driving and parking–and it’s changing the way transportation needs are being handled.


B2B Income Opportunities Using the ParqEx App

September 15th, 2016 Posted by Garage, Parking No Comment yet

Finding a secure, private, and affordable parking space to rent during the big baseball game is great, but what about using the ParqEx app with business in mind? Renting out the extra space at home, every once in a while, creates some nice supplemental income, but what about making a more significant amount each month using the ParqEx app? Let’s explore this by looking at B2B income opportunities using the ParqEx app.


Apartment or Business Owners

Anywhere there’s unused parking spaces in congested metropolitan areas, there’s opportunity to use ParqEx to make money from renting them. Parking spot owners can choose: who they want to rent to, prices, and rules; ParqEx’s cloud platform facilitates payments, communication, and management of transactions – between the renter and parking space owner.

For instance, say an apartment complex owner wants to rent out 5 parking spaces, which aren’t being used anyway, in order to make potentially $250/month from each space. That’s $1,250/month for merely utilizing unused parking spaces at the apartment complex. These spaces could be reserved and marked off, so residents and visitors don’t park there.

Business owners of stores, professional services, strip malls, recreational attractions, etc. – could rent out any extra parking spaces as well. This could be in the form of the owner of a strip mall renting out 50 spaces and hiring 24/hr security on-site. Maybe the spaces are rented only during the day or at certain times, either way: business owners have an easy way to supplement their income, by renting out their vacant spaces using the ParqEx app.

Entrepreneurs and Opportunists

What about developing a business idea based on the ParqEx app? This could be in the form of an entrepreneur investing in areas with rent-able parking in mind. For instance, a home owner near a large attraction develops a parking center on their 1 acre lot. This is an indoor parking garage with temperature control and luxuries like: a coffee machine, waiting table, phone, vending machine, ATM, etc.

This indoor parking center may cost $150,000 to build, yet with the luxuries and proximity to the “big attraction”, renters are willing to pay a premium price. If the garage was full all month at $20/day pricing, this would be $6,000/month — not including any periphery profits derived from this venture, such as: vending machine, ATM, coffee machine, affiliate B2B partnership ( Sharing Economy Services), etc.

The home owner is now making $72,000/year gross with their $150,000 parking center addition. Within a few years the parking center building is paid off, so the business is almost completely profit from then on (plus any residual value of the building later).

The parking center business is also almost completely automated, so remote management is possible with cloud and mobile computing. Owners could go on vacation and still be renting spaces out, or they could put their business on hold for a time.

Parking Garages and Lots

The parking business is big business in large metropolitan cities in the U.S. and the world. Traffic congestion and limited parking availability make vacant parking spaces a valuable thing. In these areas of the city, there are parking garages and lots with space availability, yet their high prices cause many renters to avoid this option. What if these parking businesses had special rates for non-peak hours, or some other discounted method to attract customers using the ParqEx app?

Established parking businesses have an untapped marketing tool with the ParqEx app, which can help them fill up their parking spaces more often, instead of not renting vacant parking spaces during non-peak hours. Renters would also appreciate being able to pay online through the ParqEx app, which they’re comfortable with already.

The discounted spaces, found through the ParqEx app, attract an entirely different market than the parking business’s usual customers. This new market is full of quality customers, screened and approved, that are more thrifty and mobile-minded than the usual parking business patrons.


Maybe investing $150,000 for a parking center to be built on a person’s residential property is too much for some, yet for others this could be a good retirement plan. Maybe high school teenagers don’t usually grow up thinking: I want to rent parking spaces for a living, yet with innovative cloud based services like ParqEx, this might become more normal. Indeed, the examples shown above do indicate profitable B2B income opportunities.

ParqEx has specifically catered our service toward B2B customers who want to supplement their income by filling up their vacant parking spaces. Our B2B initiative helps owners rent out their underused parking spots, and helps drivers park where they couldn’t before. This is an automated process in day-to-day workflow, and ParqEx provides the support and service needed to streamline and integrate this venture, without business owners even lifting a finger. If interested in learning more please contact us today.

Make the Most Out of This Holiday Season by Preparing Your Parking Spot for ParqEx

Make the Most Out of This Holiday Season by Preparing Your Parking Spot for ParqEx

December 3rd, 2015 Posted by Chicago Travel Tips, Community, Garage, Holidays, mobile app, Parking, ParqEx No Comment yet

As thousands of us begin preparing for the holiday season, many of our ever-growing to-do lists will begin to look the same.

Arrange for travel plans to see the in-laws? Check.

Create grocery lists for all our holiday parties? Check.

Spend as much time needed ensuring that you’ve picked out the perfect gift for those perfect someones? Check.

But what you may not have considered is ways to make your parking spot earn you money while you’re traveling this holiday system.

It may not be a traditional part of the holidays, but the sharing economy is rapidly becoming a huge part of nearly everyone’s daily lives. And it’s not just American’s who are reaping the benefits of the peer-to-peer (P2P) economy – this is a global movement that isn’t showing signs of stopping.

So what does this have to do with the chaotic bustle of the holidays, and how can you make some cash by participating?

Join ParqExMake the Most Out of This Holiday Season by Preparing Your Parking Spot for ParqEx

As someone who owns prime real estate in the parking world, you have the opportunity to rent out your parking spot to needy drivers. Join the ParqEx community and consider the benefits:

  • Make money knowing you’ve got a vested and professional company doing most of the hard work for you
  • Rely on the security and standards of ParqEx to keep your privacy safe
  • Rest easy knowing that this is only half the fun — get ready to shop for parking, too!

List Your Spot

Most of us know ahead of time when we’ll be out of town for the holidays. While many ParqEx users list their spots when they’re at work or away on business, consider listing your spot when you’re at your in-laws or extended family for longer visits.

ParqEx users who live in more urban areas may find themselves at an advantage for offering ParqEx drivers prime parking spots for their holiday shopping. Not only are you increasing your own revenue, but you’re decreasing the stress on your fellow citizens!

Reap the Benefits

While you’re gathered around the kitchen Thanksgiving afternoon, surrounded by loved ones at a Hanukkah dinner, or handing out gifts Christmas morning, you can grin while knowing that your parking spot is waiting at home for you, making some extra cash for you to use on just about anything.

Whether you chose to use your ParqEx money on extra holiday gift buying or just to top off your own bank account, you won’t be sorry that you’ve invested in making your real estate work for you

Save on Parking While You Travel

But why stop at renting out your own parking space? As you travel, know that cities across the country have chosen to use ParqEx and make the sharing economy work for all kinds of travelers.

Before arriving at your destination, shop for parking spots to make your travels even easier. Rest assured knowing that your spot will be waiting for you, and there won’t be any fighting over spots or circling lots trying to find the perfect place to park it.

Instead, let ParqEx do the work for you this holiday season. Whether you chose to rent your parking space for some extra income while you enjoy your travels; to seek out the best parking locations as you visit friends, family, loved ones, and complete your shopping errands; or to do all of the above, let ParqEx be your best travel companion and make your holidays a breeze!

Contact us if you have any questions about how to make the ParqEx system work for you, and how you can become a member of the peer-to-peer economy today.

ParqEx: The Benefits of Renting Out Your Parking Space

The Benefits of Renting Out Your Parking Space

November 19th, 2015 Posted by Car, Community, Garage, Parking, ParqEx No Comment yet

If you live in a big city or are in college, there’s a pretty good chance that you’re paying more to park your car than you’re paying for food. If this seems excessive to you, then read on. What happens to that spot when you’re not parked in it? Probably nothing. It seems like a waste to pay so much for it and then leave it open. But now there’s a solution. Here are a few reasons you should rent out your parking spot when you’re not using it.ParqEx: The Benefits of Renting Out Your Parking Space

The money

So this one is pretty obvious. If you rent out your spot, then someone will pay you every time they use it. But it’s still worth mentioning because it’s arguably the most important part. People are willing to pay a lot for parking, especially in big cities, so if you have parking to offer, why shouldn’t some of that money go to you? At the very least, you’ll make a little extra spending cash that you didn’t have before, and if you’re lucky, you may even end up being able to pay off most or all of your parking spot with the money you make renting it out. Either way, it’s hard to turn down free cash.

It’s easy

So you may be picturing yourself standing next to your parking space holding a sign that says “for rent”. Luckily, there’s a system that accomplishes the same thing, but is much easier. Through ParqEx, you can list your spot using an online system. After that, you just leave it until somebody wants to rent your spot. It’s all customizable, and you control pretty much everything. Listing your spot only takes a few minutes, but that few minutes of work can end up earning you hundreds, if not thousands of dollars a year.

It’s safe

The system is completely safe. Your parking spot will still be yours, and will be there whenever you need it. And you can always deny access to a driver, if you choose to.

Connect directly with other drivers

When you use the ParqEx system, you don’t have to deal with a company, or work through some kind of wall designed to separate users. You connect directly with the driver who is interested in your parking space. This illuminates a lot of confusion that can come from separation, because you can simply talk to them, and also eliminates a lot of extra cost. Since the company is only there to help connect drivers to you and your parking spot, and to help out when necessary, it costs very little to operate, and those savings can be passed on to you.

Participate in the advancement of technology

Sharing of things is a trend that has recently been growing at a surprising rate. We now share cars, computers, homes, and a number of other things. More and more we find that sharing things as well as their resource cost can be a very efficient way to live. By sharing your parking space, you become a part of a major movement in technology and in life. People are accepting the concept of sharing things that were once personal into their lives, and by participating in the ParqEx program, you’re becoming a piece of that world too.

Sharing your parking spot has numerous benefits, including being easy, safe, efficient, and exciting, and the best part is that you can earn money in exchange for doing almost nothing. Are you interested in renting out your parking spot, but still have questions or aren’t sure where to start? Contact us. We’ll be happy to help you with anything that you need.

ParqEx App Chat Feature

ParqEx Launches New Chat Feature

August 8th, 2015 Posted by Garage, mobile app, Parking, ParqEx, sharing economy No Comment yet
iPhone Demo

This is our new chat feature. Rent from Spot if you can, we hear he’s a nice guy!

The best part about being who we are is the fact that we thrive on our customer suggestions to improve our user interface and experience.

By popular demand, it was a no-brainer to add a chat feature in-app. As of now, renters and owners can chat with one another about a listing and can exchange details and preferences to avoid confusion.

We aim to make this one more great improvement to layer on to an overall simpler way to park in and around the city.

The update is available on Android, iOS and website.

Sure, our update is small, but we are excited and hope you are too.

If you ever have an idea or suggestion, e-mail us at: or tweet us @ParqEx.

ParqEx stands 1000 plus users

ParqEx Stands at 1000 Plus Users

July 17th, 2015 Posted by Community, Garage, Parking, ParqEx No Comment yet

Time to celebrate! ParqEx is proud to share that it has reached 1,000 unique users. It launched 45 days ago. This is much to boot because it solidifies its need to be present in Chicago. Based upon that, it would be safe to say this need exists in other big cities, too.


Dan and Kristie talk to a small lot owner in Wrigleyville who prefers our desktop web-app format.

In touching two major parking-heavy demanded neighborhoods, Wrigleyville and West Loop, 1000 users have established a major base for ParqEx. Plans to extend the marketing in to other neighborhoods are soon to come and to hopefully reach and connect neighbors all over the greater Chicagoland area.

“ParqEx is different,” says founder and CEO Vivek Mehra. “Our key differentiators are that we reach a variety of users with our single shared platform via different formats.” ParqEx can be used on Android and iOS devices as well as desktop and mobile internet browsers. He implied that being a part of a community and serving its needs requires one to be inclusive, rather than exclusive. This is why ParqEx is available on a variety of formats.

Customer Service Executive Dan Simpson and CMO Kristie Kederis remember talking to an owner of a spot in Wrigleyville. She used Craigslist because it was the only available non-mobile list service. She prided ParqEx for its accessibility to property owners like her who have been in the neighborhood a long time.

ParqEx takes the time to consider its users, and understands that it’s platform is needed by everyone. Its job is to make a find/list parking solution accessible to all of those who want to use it.

Congrats ParqEx on 1,000 awesome users!

Download our iOS & Android apps and use our web-app at


Protect Your Car wih ParqEx

Protect Your Car (from People Who Can’t Park)

January 21st, 2015 Posted by Car, Garage, Parking, Safety No Comment yet

You could be the best driver in the world, but that won’t always keep your car safe. Unfortunately, there are plenty of people out there who don’t have your vehicle’s best interests at heart, and they could very easily leave your car in worse shape than you found it. However, there’s still hope for you and your vehicle — that’s why we at ParqEx are here to help. Here are a few tips on how to Protect Your Car (from People Who Can’t Park)

• Park in a garage. Parking inside a garage is one of the best ways to keep your car safe from fellow drivers. If you don’t have your own garage, you can very easily rent one of these private spots for a very reasonable price on ParqEx. Hosts will love making a few extra bucks while you love knowing your car is safe from harm and crazy drivers.

• Park in a private area. Take your car to a secluded area to prevent others from tapping into your bumper. This doesn’t mean you’re relegated to the woods, though; there are plenty of private, controlled access spots you can rent, even in big cities like Chicago. ParqEx offers dozens of listings to choose from as you find the best one for you.

• Park during the day. The day time tends to lead to more crowded parking, but it’s also when folks feel more accountable. In the light of day, people are more likely to be careful and watch what they’re doing — even if it’s only because other people can see them. Make sure you’ve got a spot in the day time by using ParqEx and reserving it early.

Commit these tips to heart. With a little luck and help from us, you (and your car) will stay in tip top shape!


Recent Comments