Apartment and multifamily property owners have a hidden revenue asset sitting in their parking lot. The average 200-unit multifamily property with a 300-space lot has 40–80 spaces sitting empty on any given night. That's $2,000–$5,000/month in unrealized revenue.
The Multifamily Parking Problem
Most multifamily properties assign parking spaces to units and call it done. The result:
- Unassigned or unused spaces generate zero revenue
- Visitor parking is unmanaged and frequently abused
- Unauthorized vehicles take spaces from paying residents
- Property managers spend time on parking complaints instead of operations
The Perfect Parking Solution for Multifamily
We convert your parking lot into a managed revenue asset:
- Assigned spaces: residents get digital permits linked to their vehicle
- Unassigned spaces: monetized as visitor or public parking at market rate
- Visitor parking: managed via digital guest passes issued by residents
- Unauthorized vehicles: flagged and processed automatically
Revenue Model for Multifamily
Property owners receive a monthly direct deposit from parking revenue. Based on our active multifamily partners:
- 100-space property: $1,500–$3,000/month
- 200-space property: $3,000–$6,000/month
- 300+ space property: $5,000–$10,000+/month
Resident Experience
Residents manage everything from a mobile app: register vehicles, issue guest passes, view their parking history. No paper permits, no front office visits, no lost passes.
Property Manager Experience
One dashboard. Real-time occupancy. Automated violation processing. Monthly revenue reports. No parking-related phone calls.
Learn more about our automated parking platform, read real results from our partners, or explore all property types we serve.