Are you wondering when your private parking spot can earn you THE MOST? There is no magic formula to speak of...yet. (We're working on it though!) A good way in the meantime is to analyze the demand your area sees during special events. Big draw events like college graduations, sporting events (playoffs anyone?) and/or holidays celebrations all drive up PEAK demand for local parking spots. When the parking lots and garages and on-street spots nearby fill to the brim, where do people turn to for their spots? Anywhere. Literally. Just so long as Auntie M. can walk there in her heels. And she's a tough broad, so a 10-15 min brisk walk is NO PROBLEM for her.
However, if not, don't fret! You can still earn great dollars from your spot!
In Boston and other college towns around the country May is the month of GRADUATIONS. There seems to be one every other day. Parents, family members, and friends all come down to see their dearest complete another stage of their life. As awesome as this is, it leads to MAJOR demand for parking spots, especially around college campuses. Some of these even may be slightly out of the city or in suburban areas where they are holding the graduation service or near public transportation.
Here is a link to the upcoming graduations in Boston in May. The major school graduations are all listed except for Boston University, whose graduation is Sunday May 22 at Nickerson Field in Brighton and MIT's which is Friday, June 3rd 2011 in Cambridge.
So if you have a private spot someplace within walking distance of a campus, public transit or special event, don't be shy. Post it! It's FREE! You may walk away richer than you were yesterday!
Happy Hunting!
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