FAQ
Monetize Parking, a full-service parking concierge company dedicated to helping property owners maximize the revenue potential of their parking assets.
We achieve this by creating partnerships with best-in-class License Plate Recognition (LPR) technology to provide comprehensive management services, including:
- Collecting payment
- Managing your parking garage or lot operations
- Handling enforcement, from issuing and collecting ticket revenue to managing tow alerts
We look forward to discussing how we can optimize your parking revenue. Let's connect and maximize your parking revenue.
We can optimize revenue for a wide range of properties. Monetize Parking is effective for:
- Retail complexes
- Restaurants
- Commercial buildings
- Parking garages
- Residential complexes
- Event venues
- Cities/municipalities
If you are a city manager, or own a parking garage or surface lot, we can certainly help you maximize your revenue. Contact us to start earning more.
Parking lots can earn through hourly and monthly parking, event use, and even EV charging. The simplest path is to make paying easy and keep compliance consistent. Start with Scan to Pay for low upfront cost and quick phone based payments. Add LPR for 24/7 automated monitoring when it clearly improves results. With clear pricing, signage, and basic reporting, your spaces become reliable income.
This depends on your location, available spaces, and local parking demand. A 20-space lot in a mid-sized downtown might generate $1,500-4,000 monthly, while a larger facility in a high-traffic area could see $8,000-15,000+.
Our revenue calculator takes about 60 seconds and uses your specific property details to give you a realistic estimate. Input your address, available spaces, and typical parking rates in your area - you'll see potential monthly and annual revenue immediately. No contact information required until you're ready to discuss implementation.
Yes, it is generally legal to charge for parking in your private lot, but you may need a license, business permit, or compliance with specific zoning and safety requirements. Be sure to verify your local city and county regulations, as these will determine the exact steps you must follow. It's also important to clearly post your rules and fees. Keep in mind that failing to comply with regulations can result in fines or other legal consequences.
If you are looking into options for generating additional revenue from your property by implementing paid parking. Monetize parking can provide some guidance on how to start this process.
We understand that this involves several key steps related to legal compliance, infrastructure, and technology. Specifically, Monetize Parking will guide you through the the following:
- Local Regulations and Permits: What is required regarding zoning, licensing, and any taxes associated with parking revenue in my area?
- Infrastructure: What are the best practices for lot layout, signage (especially for rates and payment), and necessary maintenance/security upgrades (e.g., lighting, surveillance)?
- Technology: If you are interested in earning the most parking revenue, contact Monetize Parking to find the right technology solution for managing payment and maximizing revenue, whether it's for a parking garage or a surface lot.
Let's connect and start your journey to earning the most for your owned parking.
There isn't one best tool for every lot. The most effective setups use a simple management platform and then choose the right path for the property. Scan to Pay and LPR are both strong options. The right choice depends on your layout, traffic patterns, revenue goals, budget, staffing, and local rules. We evaluate those factors and recommend the mix that fits, so operations run smoother, manual work drops, reporting is clear, and revenue grows without unnecessary complexity.
That's an excellent question. The best technology for charging for parking is no longer gates, attendants or basic scan to pay options. Modern systems utilize License Plate Recognition (LPR) technology to collect revenue, manage, monitor and enforce parking. The best part is our partners maximize revenue from parking payers and through ticketed enforcement. Our clients see 300% and even higher revenues from basic scan to pay options.
If you want to make the most, work the least and get into paid parking with no upfront fees, contact Monetize Parking today.
There isn't a single "magic number" of spaces that guarantees profitability. Instead, it depends on factors such as local demand, land value, operational costs (maintenance, security, technology), and overall revenue potential. A parking lot in a high-traffic area with steady demand is more likely to generate enough income to cover operating expenses and deliver profit. With the right technology in place, even lots as small as five spaces can produce meaningful revenue, and the larger the lot, the greater the earning potential.
Gateless parking eliminates barriers, queues, and ticket-taking, creating a faster, smoother experience for customers while reducing equipment and maintenance costs for operators. You'll benefit from higher traffic throughput, better space utilization, and fewer mechanical issues. Digital monitoring and enforcement tools maintain full control, while real-time analytics help you optimize operations.
Our partners' systems make it easy to manage different user groups with flexible rules:
Custom Rules: Set specific parking hours, pricing tiers, and time limits that match your operations.
Easy Exemptions: Add employee or tenant license plates for automatic free parking, no permits or hang tags needed.
Dynamic Hours: Define different rules for weekdays vs. weekends, or business hours vs. after-hours.