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How much should I charge when renting out my parking space?

How much should I charge when renting out my parking space?

How do I set my rental price?

You have two choices when it comes to setting the price of your parking space - static or dynamic pricing.

Static pricing allows you to choose and set your own prices. These must be inline with our Fair Pricing Policy.

If you are unsure how much to charge, we would advise using our platform to review other spaces and their prices in your area. 

Dynamic pricing gives YourParkingSpace the ability to set pricing for you. We will take into account pricing and supply and demand in your area to set a price for you to maximise your earnings. More information on dynamic pricing can be found here

I want to change the price of my parking space permanently

You are able to change the price of your space at any time. You have the ability to do this via your account.

  1. Login to your account here
  2. Locate the required space 
  3. Click ‘Manage Listing’ 
  4. Navigate to ‘Step 2’ and then ‘Booking settings, Calendar, Price’
  5. Click ‘Change’ next to ‘Rental Type and Pricing’
  6. Follow the steps and set your new price!

I want to change the rental price for certain periods of time

We understand that some instances may occur where you wish to amend the price of your space for a certain period of time only. You are able to amend this via your availability calendar.

  1. Login to your account here 
  2. Locate the required space 
  3. Click ‘Availability’
  4. Click on the day(s) you wish to amend 
  5. In the right hand side pop up box, amend to your new price
  6. Click Save changes!

When will I receive my rental payments?

You will receive your rental payments on the 1st working day of the month.

These payments will include: 

  1. Payment for hourly/daily bookings completed before the last day of the month (provided your earnings total more than £10.00)
  2. Payment for the period any monthly bookings were active during the previous month. For example, if a monthly booking begins on the 15th of the month, on the 1st working day of the following month you'll receive payment for the period from the 15th until the close of the month.

For more information on your Space Owner earnings click here

Does YourParkingSpace deduct anything from my rental price?

YourParkingSpace adds a an uplift to your rental amount in line with taking a commission of 20% of the total price paid. 

For example…

You set your rental price at £8.00 per day via the static pricing option. 

We automatically add our commission on top of this, meaning that the driver pays £10.00 per day. 

20% = £2.00 + £8.00 = £10.00

So deductions from the rental price you set are 0!

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YourParkingSpace Office Hours

Monday: 9am - 5pm
Tuesday: 9am - 5pm
Wednesday: 9am - 5pm
Thursday: 9am - 5pm
Friday: 9am - 5pm
Saturday: 10am - 5pm
Sunday: 10am - 5pm