Residential Parking Through Parking Badge- Unlimited Income Potential

Increase Resident Satisfaction and Have Unlimited Income Potential Through ParkingBadge…

Digital Parking Defined

Digital parking technology can go by many names such as automated parking or smart parking. In other words these systems employ the use of tools and equipment in order to improve the parking facility for both its clients and facility owners.  This is done through the use of technology and equipment such as cameras, lighting, sensors, Cloud software, signage, and a cloud-based software application for devices. There are other devices like license plate readers and other tools and equipment that are used for these parking facilities. A parking facility can use any level or scale of equipment in order to automate their parking areas, it all depends on their budget and overall goals and usage. These can also be installed and used in a wide variety of applications from residential parking, venues, businesses, and more.

Benefits of the Digital Parking Application

There are several benefits to using a digital parking software that relate directly to security. These range from monitoring, data accessibility, theft control, accident and incident reports and recording, and more. The usage of the parking sotware lets clients and owners be at ease when using the facility.

Data Monitoring 

With the use of a cloud-based platform, the parking facility is better able to provide statistics and data for a parking facility. This data can range from time spent in the lot, number of cars, revenue generated, and even data on repeat offenders of missed or late payments. This data can also be provided to users of the facility with their payments and billing available through the application. This added security with data allows for encrypted files safe from prying eyes, and a more secure way of handling private information instead of the old school paper and filing cabinets. The data generated can also show suspicious activities and provide timelines of users time in and out of the facility.

Better Communication Between Staff and Clients

The overall customer experience is greatly enhanced for residential areas that use a digital parking platform. With the use of these systems and a cloud-based system, residents are able to receive real time information about their vehicles, as well as the pricing and availability of parking for guests to the premise. This also includes notifications about a vehicle needing moved or payments needed. This can reduce a lot of overhead and headaches for all involved in parking, as the services are available 24/7.

Upscale Feel Without the Upscale Pricetag

The use of a digital parking system and technology like plate readers and sensors to control the traffic in and out can add a sense of luxury to a residential area. First impressions are everything with looking to live in an area, as well as impressions throughout a leasing term for the retention of residents. The ease of use and the integration from the old school just find a place to one of personalized parking has made parking the next ‘trending’ item for residential areas.

Income Potential 

The income potential for these digital spaces is unlimited. The space is there, why not capitalize on them! Residential parking can either be charged a fee with their rent, or leaving it a part of the leasing contract as free. However, guest parking can be charged a small fee per space and for however long as determined by the management staff. For example, if a residential area has 15 guest parking spaces and uses 75 percent of them on a daily basis, this can be a big area for some extra income. If a property charges at a rate of $10 a day, then the daily income would be an estimated $113 (rounded) or $788 a week. That generates $3,150 a month. ParkingBadge offers their software free of charge and only collect all within one parking management application with the included ability to monitor and control multiple parking locations at once. Parking Badge only keeps a small percentage of the funds. Property owners keep 70 percent of all funds generated through their guest parking and ParkingBadge keeps 30 percent. This calculates in the estimate above to $26,460 a year in extra income after the ParkingBadge fee!

Parking Badge’s  Innovative Parking Management and Parking Enforcement Solutions-

ParkingBadge parking management software and mobile app is an interactive cloud-based platform that allows property owners and property managers to efficiently and conveniently manage their parking facility. With innovative Parking Management Solutions, operators can maximize their parking, maintain tenant and user accountability, enforce their rules and regulations, increase efficiency, and generate revenue. Want to find out more about ParkingBadge’s innovative digital parking permit software? Request a demo now! https://parkingbadge.com/request-demo/