SMALL BUSINESS
05/03/2012 11:32 am ET

Parking Panda: Make Money Renting Out Your Garage or Driveway

While some high-tech companies got their start in garages, a new crop of business founders, including Nick Miller of Baltimore, is giving fresh meaning to the term "garage entrepreneur."

Mr. Miller co-founded Parking Panda Corp., a three-person company that helps city dwellers make money by renting their garage, driveway or other property to people looking for parking spots. Many people can fit another car, or even two, into their drive, he says, especially if they can tuck their own car into the garage.

Aspiring parking landlords, typically located in neighborhoods where parking is costly or hard to find, can list their space on the company's website, along with price and availability. Then, they can use social media, such as Facebook and Twitter, to advertise their parking real estate.

Read more on The Wall Street Journal

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