3. Use Your Driveway as a Parking Spot
If you live in an urban area where parking is at a premium, you might turn your driveway or curbside parking spot into a profit. SPOT and Neighbor are two platforms that can help people who live in densely populated cities like Chicago, New York, Boston, and Washington DC, find parking spots by renting them out from people.
Parking spaces are a valuable piece of real estate in a big city, so if you have one that you don’t need all the time, consider turning it into cash. Maybe you don’t use your parking spot at home during the day, so you could let someone else use it for a fee. Or perhaps you are going away for a while and want to earn some passive income while you are gone.