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Old 01-08-2012, 12:21 PM
 
Location: Chapel Hill, N.C.
36,389 posts, read 40,831,231 times
Reputation: 46827

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I own some rental property within walking distance of a major university. Every year I have tenants who rent out their driveway (they don't have cars) to university personnel and it seems to work out fine for all.

Would you rent out your driveway?

Homeowners Rent Out Driveways for Money - ABC News
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Old 01-08-2012, 12:29 PM
 
Location: Houston
529 posts, read 1,130,640 times
Reputation: 372
Yes. When I was living in Chicago there were plenty of condo owners who would rent they parking spots, they would make $150-$200 a month. I don't see a driveway that much different if you dont have cars.
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Old 01-08-2012, 12:38 PM
 
Location: NJ
17,579 posts, read 37,768,306 times
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If I didn't use it, sure.
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Old 01-08-2012, 01:33 PM
 
20,793 posts, read 51,795,835 times
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If I didn't need it sure, and if I didn't have a car or had an extra garage space, I would rent that out too. Why not. I would certainly require proof of insurance with limits sufficient to pay for anything should they damage my home. I would insist on being listed as loss/payee on the policy as well but after that, great idea.
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Old 01-09-2012, 06:38 AM
 
Location: Censorshipville...
2,443 posts, read 5,909,193 times
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Sure why not? There are homes near sports stadiums that do the same. They just charge less than what the stadium charges for parking!
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Old 01-09-2012, 07:46 AM
 
Location: The Triad (NC)
26,178 posts, read 56,410,716 times
Reputation: 28050
For special events once or twice a year? sure
For more regular events like home games? sure
For everyday use? no thanks.
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Old 01-09-2012, 09:51 AM
 
1,675 posts, read 2,238,731 times
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I would AFTER I checked about the liability issue with my insurance company.
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Old 01-09-2012, 11:09 AM
 
Location: SF Bay Area
802 posts, read 1,998,370 times
Reputation: 252
Quote:
Originally Posted by LivingDeadGirl View Post
I would AFTER I checked about the liability issue with my insurance company.
I was thinking the same thing, especially if you live in an area where there is snow and ice during the winter season.
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Old 01-11-2012, 01:28 PM
 
2,779 posts, read 4,432,630 times
Reputation: 5022
My sister did this. She lives near a military college where only seniors are allowed cars on campus so underclassmen often rent parking spaces to keep their cars for holidays etc. Most of my sister's neighborhood also did it. If I remember the insurance question was on the driver, not on the homeowner but I would of course double check.
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