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Spacer is an excellent app for you to list your spare parking, driveway, or garage for rent. The app enables you to set up a free listing and earn passive income. On average, you can expect to earn $400 per month, depending on your parking space location. However, you should consider that the platform doesn’t guarantee tenants and it takes up to 5 days to get paid.
Pros
- Free to use
- Opportunity to make passive income
- Set your own prices
- Find appropriate tenants
Cons
- No guarantee of tenants
- Payments take 5 days to arrive to you
Jump to: Full Review
Compare to Other Sites to Rent Stuff
Neighbor
Rent garage, driveway, parking lot, basement, bedroom, shed or carport
No listing fees + guaranteed payment monthly even if a renter doesn’t pay
Free coverage for everyone— $1,000,000 for host and $25,000 for renters
FriendWithA
Earn money by renting out your gear with relatively low rental fees – 10%
Average monthly pay – $95 for bike, $145 for camera, $150 for guitar
Personal liability guarantee up to $100,000 and $125,000 property coverage
What is Spacer?
Spacer was founded in 2015 by Mike Rosenbaum and Roland Tam in Sydney, Australia. Spacer is an app that connects people and businesses who need storage or parking space with those who have unused parking spots, garages, or driveways.Â
The app has over 7,700 listings to choose from, is trusted by over 21,000 Americans, and has had Spacer members earn over $30 million to date.
Spacer’s mission is to help connect those who have spare parking spots with those who need cheap and convenient parking.Â
How Does Spacer Work?
With Spacer, you can rent out your parking spot, garage, or driveway to potential renters who need the space.Â
On Spacer, the average host receives a booking within 2-3 weeks that typically lasts 8 months or more.
Who is Spacer Best for?
Spacer is best for homeowners or renters who have a garage, parking spot, or driveway they do not use and can rent out. Those who are looking to make extra money by renting their extra driveway space would benefit most from Spacer.
What Can You Rent With Spacer?
With Spacer, you can rent a parking spot, garage, or driveway for your car online. Depending on the listing, you can rent out a car space for a short-term or a long-term period.Â
How Much Can You Earn With Spacer?
As a renter on Spacer, you can make up to $4,800 of passive income. Some renters make up to $400 a month renting their spot to local commuters online.
Spacer Benefits: What Does Spacer Offer?
Easy Passive Income
You can make up to $4,800 per year or $400 a month of passive income simply by listing your parking space to renters. Besides putting up your listing, you can easily sit back and earn passive income.
Guaranteed Payments
Spacer makes receiving payments easy by debiting the renter’s credit card each month. Spacer pays you directly to your bank account, making the process seamless and straightforward.
Reliable, Monthly Income
With Spacer, the average host receives a booking within 2-3 weeks. Bookings will typically last 8 months or more, which means you’ll receive passive income regularly.
Spacer Fees: How Much Does it Cost to Use Spacer?
It’s completely free to list your parking space on Spacer.
Spacer Requirements?
All you have to do is sign up for an account and list your parking spot online to get started on Spacer. It’s completely free and easy to list your extra garage, parking, or driveway spot.
Spacer Payout Terms and Options
With Spacer, payments are made into your chosen bank account within 5 business days of the booking start day.Â
Your monthly earnings will be deposited within 5 days of the monthly anniversary of each booking. Spacer is partnered with Stripe to ensure that hosts receive their earnings securely and on time.
Spacer Reviews: is Spacer Legit?
The Spacer app has a 4.1-star rating on Trustpilot, a 3-star rating on Apple App Store, and a 1-star rating on the BBB.
Customers like that the app has excellent online support is easy to navigate and has reasonable prices for parking spaces.
On the other hand, customers have raised complaints about not receiving their payments and not receiving answers from staff regarding issues.
What Are the Spacer Pros & Cons?
Spacer Pros
- Free to use
- Opportunity to make passive income
- Set your own prices
- Find appropriate tenants
Spacer Cons
- No guarantee of tenants
- Payments take 5 days to arrive to you
How Good is Spacer Support?
Spacer has a small FAQ page with frequently asked questions and their answers.Â
If you still can’t find the answer you’re looking for, you can contact Spacer by using the live online chat feature or calling them at 1-800-339-263.
Spacer Review Verdict: is Spacer Worth it?
Spacer is an excellent app for listing your spare parking, driveway, or garage for rent. The app enables you to set up a free listing and earn passive income.Â
On average, you can expect to earn $400 per month, depending on your parking space location.
However, you should consider that the platform doesn’t guarantee tenants, and it takes up to 5 days to get paid.
How to Sign Up With Spacer?
Signing up with Spacer is simple. First, you will create your account online by filling out your basic information and adding your payment information. Once your account is created, you can list your free space on Spacer for free and wait for potential renters to contact you.
Sites Like Spacer
| Comparison | Spacer | Neighbor | FriendWithA | Airbnb |
|---|---|---|---|---|
| Earning potential | $400 per month | $100 – $600 per month | $1,000 per month | $2,500 per month |
| Service fees | 0% | 4.9% + $0.30 | 10% | 0.03 |
| Best for | Renting parking space | Renting storage space | Renting items | Vacation rentals |
Spacer vs. Neighbor
Neighbor Summary
- Earn up to $600 per month renting a garage
- 48 hours to screen potential renters
- Get 1 payment at the end of each month
- $1 million free coverage for hosts
Spacer allows you to rent out your free parking or driveway space to commuters, while on Neighbor, you can rent out storage space to potential renters. With both of these apps, you can list your space and earn income from the renters.Â
Spacer vs. FriendWithA
Friendwitha Summary
- Outstanding 24/7 customer service
- $10,000 damage protection insurance
- Relatively low fees of 10% per rental
- Earn up to $1000 per month from rentals
With Spacer, you can rent out your extra parking or car space to potential commuters for a fee. On FriendWithA, you can list your gear for rent by the hour. You earn money by putting your parking space or gear up for rent with both of these apps.Â
Spacer vs. Airbnb
AirBnb Summary
- Over 150 million users worldwide
- Earn an average of $924 per month
- Rent out your property whenever you want
- Quick turnaround time for payouts
With Airbnb, you can rent out an entire house, property, or room for a nightly fee, while with Spacer, you can rent out free parking or car space. With both of these apps, renters book the space or property and pay to rent.
Spacer FAQs
Why do people use Spacer?
People use Spacer to rent out their extra parking spaces and earn passive income.
Can you cancel spacers?
If you wish to cancel the contract outside of the money-back guarantee period as a host, you must provide 1 month’s notice in writing to the renter and through the website.
What is a fair price for my parking spot?
A garage, on average, will rent for about $200-$400 per month.
How will Spacer advertise my parking spot?
Spacer advertises parking spots both online and offline through social media, internet ads, emails, and PR.
How am I protected as a host?
Spacer is available 7 days a week to help resolve any issues, and the finance team ensures you get paid each month while your spot is being rented.
