No Parking? No Problem. Discover Smart Parking Solutions That Monetize Your Space
You’ve probably heard it before—maybe even said it yourself once or twice: “There’s never any parking around here!” Whether it’s a busy apartment building, an office building, a hospital, a university, a packed event venue, or an urban property downtown surrounded by blocks of street congestion, parking problems have long been a headache for city officials, property managers, tenants, and residents. Luckily, at ParqEx, we don’t see that lack of parking as a problem—we see it as an opportunity. Read our article on “No Parking? No Problem. Discover Smart Parking Solutions That Monetize Your Space,” and discover how ParqEx is turning parking pains into profits!
Monetizing Parking Supply with Smart Parking Solutions
Most properties actually do have parking, even when the lots or parking garages seem full. The real issue? These parking spaces are often underutilized, unmanaged, or completely inaccessible behind gates and garage doors, leaving them unavailable to those who need them and are actively seeking short-term, long-term, and monthly parking.
ParqEx’s smart parking solutions identifies these hidden assets. It makes them easily accessible to people who need them, while also transforming how property management handles their parking assets through four key components.
1. Permit Management System: Take the Chaos Out of Parking Allocation
Parking permit management is at the forefront of common issues that make it seem as though there is never any parking available. With ParqEx’s parking management software, say goodbye to paper permits, handwritten logs, and “someone parking in my spot” complaints. ParqEx’s permit management system digitizes the entire process and helps property management and enforcement officers:
- Assign parking permits to residents, employees, or guests via the ParqEx platform.
- Customize permit access by date, time, and location, and even specify an expiration date for permits.
- Maintain complete control and instantly update or revoke parking permits when situations change.
- Gain complete visibility and see a detailed, comprehensive audit trail of everyone parked on the property, including their location, the exact time they arrived, and the time they left.
With ParqEx’s cloud-based dashboard, property managers gain complete visibility. They can maximize the value of their parking assets and attract more transient renters seeking parking through effective parking permit management. At the same time, drivers enjoy a seamless, hassle-free, and secure parking experience, taking advantage of a digitized parking permit management system in a safe property.
2. Access Control: Let the Right People In—Automatically
Another common issue with people looking for parking is that many available, unused spots are hidden behind gates and garage doors. ParqEx’s Access+ technology and License Plate Recognition (LPR) help property management unlock these parking assets for drivers seeking parking via the Access+ app or by driver’s license plates.
What this means:
- Existing residents, tenants, and staff can gain touchless entry via their license plate or smartphone, eliminating the need for fobs, clickers, or gate codes.
- Temporary access for public renters, guests, vendors, or package delivery vehicles can be easily assigned and granted immediately.
- Property security is instantly amplified as all unauthorized vehicles are instantly flagged, reported, and enforced.
Best of all, ParqEx’s Access+ and parking license plate reading technology integrate smoothly with existing infrastructure, removing the need for costly upgrades. If you’re tired of dealing with lost (expensive) fobs or clickers, shared gate codes, or unauthorized parking access, and want to make a profit off the parking shortage by offering easy, secure access to your unused parking spaces, ParqEx’s smart parking solutions are the solution you’ve been searching for.
3. Parking Enforcement Tools: Maintain Order Without Manual Patrols
Another element that hinders people from successfully finding parking is that some vehicles break parking rules and aren’t properly enforced, further fueling the symptoms of a “parking shortage.” Even with parking permits and parking access control systems in place, parking violations can still occur. That’s where ParqEx’s real-time parking enforcement tools come in.
ParqEx’s Enforcer app, a critical contributor to ParqEx’s smart parking solutions, allows property management and enforcement teams to:
- Keep a diligent eye on who’s currently on-site and verify that they are authorized parkers.
- Ticketing, booting, or towing vehicles that violate parking rules, such as overstaying, unauthorized parking, or misuse, can free up more parking spaces for paying customers who follow the rules and regulations.
- Enforcement officers and property management can issue digital parking citations or tickets directly through the Enforcer App, which provides payment options through in-app transactions for the offending vehicle’s owner.
- Integrate the Enforcer App with LPR cameras for automatic vehicle tracking and identification.
Property managers regain control and accountability without needing to physically patrol the lot, while also making more parking spaces available for those seeking parking who will use them respectfully and follow all established parking rules.
4. Space-Sharing Capabilities: Turn Empty Spots Into Earnings
During off-hours, weekends, or periods of downtime, your parking spots might remain empty. At ParqEx, we see those underused parking assets as opportunities that need to be managed and utilized effectively. When spots sit unused during off-peak times, it results in a loss. Using ParqEx’s space-sharing and parking automation tools and shared parking platform, your property can take advantage of parking revenue opportunities.
- Allow residents or businesses to rent out unused parking spots using ParqEx’s parking app, which employs ParqEx’s access control and license plate recognition technology.
- Property management can offer these unused spaces on an hourly, daily, or monthly rental basis to the public or partners.
- Management and ownership can maintain complete control over these assets, set availability rules, and establish pricing controls per space, as well as approve each requested user if desired.
Everyone wins with ParqEx’s parking space-sharing capabilities! Residents or businesses can earn extra income by renting out their unused parking spaces during periods of low demand. The property can also earn passive revenue from its existing parking infrastructure. Meanwhile, people searching high and low for parking can finally find a safe and secure spot they feel comfortable with. So, when you hear complaints about not having enough parking, your answer will be: no problem, we’ve got parking for you!
But What If You Don’t Have Enough Parking?
Okay, property owners and managers, we do hear you! In some cases, especially in densely populated cities, there is genuinely not enough parking to meet the demand of residents, employees, or guests, even when maximizing existing parking assets during downtime hours. That’s where ParqEx’s smart parking solutions go one step further.
We can help your property source additional parking nearby:
- Suppose ParqEx’s parking marketplace app does not have enough parking available near your desired location. In that case, ParqEx can help create a partnership between you and neighboring buildings, schools, businesses, churches, or underused parking lots.
- Through our existing inventory of private parking spaces in the area and new partnerships between neighboring properties, ParqEx’s platform will then create seamless access and reservation systems across these locations for your residents and tenants.
Whether it’s a shared parking arrangement, a leasing opportunity, or short-term overflow solutions, ParqEx helps expand your parking footprint without incurring the costs of construction or capital investment.
Your property can remain competitive, offer parking amenities your community demands, and eliminate all parking complaints—all while maximizing property and parking value.
No Parking? No Problem! Smart Parking Solutions Are The Answer
So, why should you invest money in building new parking infrastructure when you can optimize what’s already there? With ParqEx, you can increase parking occupancy, provide convenient parking for tenants, residents, guests, and the public seeking parking, monetize existing parking during off-hours, and enhance security while streamlining all parking operations. So “no parking” is not the end; it is the beginning! With ParqEx’s smart parking solutions, parking shortages are not only addressed but also turned into a profit opportunity. Thanks for reading “No Parking? No Problem. Discover Smart Parking Solutions That Monetize Your Space.” If you’re ready to address your parking shortage, contact a ParqEx sales representative today!
