If you live in a big city where parking is expensive or hard to come by, you might be able to make extra cash by renting out your parking space if one comes with your apartment or condo. Freedman said that, as a writer for MSN Money, she interviewed a women in Chicago who rented her condo parking spot and parked her car on the street. The woman told Freedman that the extra monthly income was worth the hassle.
She also knows someone in Chicago who inherited property with a garage boasting room for five cars. The woman rents out four of the spaces to those seeking secure parking.
