Article Archives

Condo owners renting out parking spaces Airbnb-style

ArticleBy Vivek Mehra December 8, 2016 Leave a comment

Are you a condo owner? You can be making money off your parking spot.

Chicago Tribune Blue Sky Social

ArticleBy Vivek Mehra December 5, 2016 Leave a comment

ParqEx COO, Matt Schaefer, featured at the Chicago Tribune Blue Sky Social event.

ChicagoInno’s Top 16 B2C Companies in Chicago

ArticleBy Vivek Mehra December 5, 2016 Leave a comment

ParqEx was named to ChicagoInno’s list of top 16 B2C Companies in Chicago.

Parking Apps 101

Article, NewsBy Vivek Mehra November 16, 2016 Leave a comment

Exploring Today’s Mobile Landscape

Gener8tor start-ups to make pitches Thursday

Article, NewsBy Vivek Mehra November 16, 2016 Leave a comment

ParqEx, along with 5 other gener8tor companies will present in Milwaukee.

gener8tor’s Premiere Night in Milwaukee Features Six Startups

Article, madison, milwaukee, News, parqex, startup, techBy Vivek Mehra November 7, 2016 Leave a comment

ParqEx was one of six companies highlighted at the gener8tor Premiere Night in Milwaukee.

Highlighting the 2016 Elmspring Rush

Article, NewsBy Vivek Mehra October 31, 2016 Leave a comment

ParqEx was one of ten companies chosen to participate in Elmspring’s Accelerator program.

Wrigleyville Parking Spots Are Going for $250 on This App

Article, Chicago Cubs, chicago neighborhoods, Cubs, NewsBy Vivek Mehra October 31, 2016 Leave a comment

ParqEx listers in Wrigleyville boosted their prices this weekend in hopes to make a killing off their parking spots.

Cubs Fans: Be Prepared To Shell Out Up To $300 For World Series Parking

Article, Chicago Cubs, Cubs, News, parqex, startup, techBy Vivek Mehra October 31, 2016 Leave a comment

ParqEx, The Private Parking Marketplace, saw massive growth this weekend due to Cubs World Series games.

ParqEx Named to Entrepreneur 360’s List of Top Entrepreneurial Companies in America

Article, NewsBy Vivek Mehra October 25, 2016 Leave a comment

ParqEx was named top entrepreneurial company in America by Entrepreneur Magazine.

ParqEx Named 50 on Fire Finalist

Article, News, parqex, startup, techBy Vivek Mehra October 24, 2016 Leave a comment

Meet the 150 finalists for Chicago’s 2016 list of 50 on Fire.

VentureFWD – Technical Leadership

Article, NewsBy Vivek Mehra September 25, 2016 Leave a comment

VentureFWD: Vivek Mehra speaks on Technical Leadership.

The Timmy Awards Name ParqEx Best Technology Startup in Chicago

Article, NewsBy Vivek Mehra September 2, 2016 Leave a comment

ParqEx was named “Best Chicago Tech Startup” at Tech in Motion’s 2nd Annual Timmy Awards

Real estate tech is about to get huge — and these 10 Chicago companies are leading the way

Article, NewsBy Vivek Mehra August 20, 2016 Leave a comment

A member of Elmspring’s 2016 class, ParqEx matches real estate developers and private homeowners with drivers looking for parking spots. Its goal is to ease the pain of parking in neighborhoods like the West Loop, Bucktown and Wicker Park, where few commercial options are available — and letting homeowners make a little extra money on the side, too.

SYMMETRY50: 73 HOTTEST STARTUPS IN CHICAGO

Article, NewsBy Vivek Mehra August 3, 2016 Leave a comment

Startups do not go out of business, they run out of money. Chicago has some of the greatest startups in the world because they build companies that have a quick path to revenue. Startups in major tech hubs tend to focus on growth first and foremost regardless of revenue let alone profits. Chicago startups put revenue first and are diligent in raising financing when needed, not just because they can. A practical approach in the city that is second to none. Here are the hottest startups in Chicago.


PLANS	PERSONAL Self-managed using the ParqEx platform Get Started	BUSINESS Self managed with some help from ParqEx customer support SIGN UP	ENTERPRISE Manage with help from ParqEx Account Manager & customer support SIGN UP	CONCIERGE Dedicated ParqEx Account Manager will help you setup and manage your account with priority customer support SIGN UP	CUSTOM A custom-solution tailored to your property requirements. Dedicated ParqEx Account Manager will work with you to come up with the perfect solution REQUEST DEMO
Spots	1	4	20	100	90
Users	1	10	50	300	500
Contract & Invoicing	-	1 yr	2 yr	2 yr	-
One-Time Setup Fee Per Access+ device (controls 3 access points)		$ 250.00	$ 750.00	$ 1,000.00	-
Public Marketplace Commission	20%	20%	20%	20%	20%
Internal Marketplace Commission	4.5%	4.5%	4.5%	4.5%	4.5%
Onboarding & Training # of hours included per contract term	-	1	3	5	5
Trial (Pilot)	NA	1 month	1 month	1 month	NA
Seats included # of users that can access the (shared) account	1	1	3	5	5
iPhone, Android & Desktop app
Customer support Email, phone and chat support
ParqEx Account Manager
Notifications
Email alerts
SMS alerts

MARKETPLACE
Manage property, spot & listings
Advanced Settings
Blackouts
Surge pricing
Dynamic pricing
Extended stay configuration & pricing
Lead time
Parking spot sorting & selection Advanced logic to manage the order in which spots get displayed, selected & booked.
Rules
# of bookings per renter per month
# of simultaneous transctions permitted for a user
# of hours a renter can book per month
Payment Processing
PayOnExit Access+ Required
Marketing
Featured Listings
Demand priority planning
Mailchimp Integration
Personalized Campaigns
Monthly Automated Campaigns
Bulk Message Execution
Promotions
Email Marketing
Digital Marketing
Social Media Coverage
Promo materials Custom designed signage: promo cards, flyers, etc. Design only, does not include the cost to print.
Ratings & review management
Competetive Pricing analysis				Annual

INTERNAL TENANT MANAGEMENT
Public versus Private property
Internal tenant management features (Add, remove tenants, assignment& reassignment of spots, ban users from a property.)
Advanced permission management capability (Assign tenants to specific units and parking spots. Allow tenants to rent, list. Manage renting and listing permissions. Allow tenants to control pricing or availability or both for their spot listings at a property.)
Parking spot sorting (Advanced logic to manage the order in which spots get booked)
Rules
# of bookings per renter per month
# of simultaneous transactions permitted per user
# of hours a renter can book per month
Custom Tiered Pricing (For internal, external/public, or special considerations)
Importing And Cleaning Up Your Database		Annual	Quarterly	Monthly
Categorize users by company or custom tags
Access management (Short term, i.e. temp staff, renters, guests/visitors etc.) Access+ Required
Activity monitoring & reporting
Track spot, renters by their unit numbers

ACCESS+
Manage Access Access+ Required
Short term (employees / staff, long term tenants, monthly renters etc.)
Long term (employees / staff, long term tenants, monthly renters etc.)
Advanced Permissions Access+ Required
Manage permissions by spot
Manage permissions by user
Access Log dashboard & reporting Access+ Required
Role based security			available
Property Access Logs Management module			available
Property Access Log for enforcement module			available
Notifications
Request for access notifications			available
Notifications when property is accessed			available

GUESTPARQ
Guest / visitor parking functionality		available
Guest Parking Management			available
Notifications
Advanced reporting (Tenant usage, parking usage, availability, asset utilization and more)			available	available

ENFORCER
Enforce by property			available	available
Do not tow list management			available	available
Violations			available	available
Custom violation types & fees			available	available
Integration with ticketing/towing partners			available	available
Coordination with enforcement partner			available	available
Role based permissions (Enforecement agent, manager and admin)			available	available
Notifications			available	available
Automated Daily enforcement data report for a property via email			available	available

ACCOUNTING & FINANCE
Payout options (ACH, QuickPay, Check, Paypal)
Monthly statement
Detailed monthly statements for tax & reporting purposes			available	available

ADMIN MODULES
Customer Search
Guest Parking Management (Role-based)
Email Logs
Account setup and Management
Access+ Logs (read-only)
Access+ Advanced Logs for Field OPS & Admin
Role based permissions
Read-Only
Manager
Owner
Notifications
Schedule real time, daily, weekly or monthly reports

ONBOARDING & TRAINING
User guides
Knowledge base & FAQ
Videos
In-person training for staff
In-person training & onboarding of tenants/renters
Custom branded training material Property specific: user guides, videos, landing pages, email campaings, KB & FAQs			available	available

ADVANCED CUSTOMER SUPPORT
Developing And Maintaining Your Communication Strategy to tenants/residents
Monitoring listing quality
Managing requests Waiting lists and converting them into renters when parking becomes available

OPERATIONS SUPPORT
Site surveys
Access+ - hardware maintenance Access+ Required	Annual	Annual	Annual	Quarterly	Quarterly
Network check Access+ Required	Annual	Annual	Annual	Quarterly	Quarterly
Signage check Access+ Required				Annual	Annual
	Get Started	SIGN UP	SIGN UP	SIGN UP	REQUEST DEMO

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