Driveway cash flow - Macleans.ca

Driveway cash flow

ParkatmyHouse.com is an online service that helps drivers rent spaces from people who don’t need them

by

On his way to see the San Francisco Giants play, Anthony Eskinazi was looking for somewhere to park close to the stadium, when he noticed an empty spot in front of a house nearby. Most people would have just kept circling the block, but he sensed a business opportunity. Eskinazi is the founder of ParkatmyHouse.com, an online service that helps drivers rent spaces from people who don’t need them. Available in the U.K. since 2006, it’s expanding into North America.

ParkatmyHouse.com, which calls itself the “world’s largest online parking marketplace,” helps home and business owners looking for some extra cash to rent out unused parking spaces to drivers who need the convenience; the site handles the booking process. With an investment from German carmaker BMW (through BMW i Ventures, its investment arm), the company is moving into major U.S. cities, like New York and Washington. No Canadian cities are available yet, but as any urban driver can attest, we could use the extra spots.

Filed under: