More colleges are looking at emergency housing solutions, including have students sleeping in alumni’s homes, napping pods, Airbnbs and even an assisted living facility.
They already do. Paid parking is a thing in pretty much every city in America. In many places, parking lots are wildly profitable. Each parking spot can often earn upwards of $50 per hour during surges.
Paid parking lots in Dallas average somewhere around $8 per hour. That’s with some people paying like $30 for three hours, or $60 for all-day parking. Assuming a ~50% occupancy (busy during the day, emptier overnight) will have a 100 spot lot taking home around $9600 per day.
That’s a number that many coffee shops and convenience stores could only dream of… And the lot doesn’t even need to worry about things like maintaining inventory or hiring cashiers. Their overhead costs are basically nonexistent. They just plop a sign with a QR code at the entrance for people with Apple/Google Pay, and have an automated card reader for the people who don’t have phones. A pair of minimum wage attendants can watch multiple lots in a few city blocks, golf carting between them every ~20 minutes as they make the rounds to scan license plates and make sure people are paid up. Maybe give the attendant who calls in the most tows an extra vacation day each quarter to keep them “motivated”.
Security cameras make limiting your security liability easy. Hell, in many cases tow truck companies will even pay the owner to be allowed to tow from their lots. Because the tow company makes money every single time they snag a car, so they’ll pay a percentage of that to be allowed to tow cars from their lots. So towing enforcement actually makes you money instead of being an expense.
“Entrepreneurs” will soon be snapping up parking lots and charging rent for a space. Capitalism!..yay?
They already do. Paid parking is a thing in pretty much every city in America. In many places, parking lots are wildly profitable. Each parking spot can often earn upwards of $50 per hour during surges.
Paid parking lots in Dallas average somewhere around $8 per hour. That’s with some people paying like $30 for three hours, or $60 for all-day parking. Assuming a ~50% occupancy (busy during the day, emptier overnight) will have a 100 spot lot taking home around $9600 per day.
That’s a number that many coffee shops and convenience stores could only dream of… And the lot doesn’t even need to worry about things like maintaining inventory or hiring cashiers. Their overhead costs are basically nonexistent. They just plop a sign with a QR code at the entrance for people with Apple/Google Pay, and have an automated card reader for the people who don’t have phones. A pair of minimum wage attendants can watch multiple lots in a few city blocks, golf carting between them every ~20 minutes as they make the rounds to scan license plates and make sure people are paid up. Maybe give the attendant who calls in the most tows an extra vacation day each quarter to keep them “motivated”.
Security cameras make limiting your security liability easy. Hell, in many cases tow truck companies will even pay the owner to be allowed to tow from their lots. Because the tow company makes money every single time they snag a car, so they’ll pay a percentage of that to be allowed to tow cars from their lots. So towing enforcement actually makes you money instead of being an expense.
They already do this? Where do you live with free parking?
A parking spot makes more than I do…
www.nbcboston.com/news/local/absolutely-ludicrous-beacon-hill-parking-space-selling-for-750k/3658162/