61-Year-Old Makes $54K Yearly Renting Out Parking Spaces; Here's How To Get Started In Less Than 10 Minutes!

Sam Hunt, a UC Berkeley graduate, capitalised on the sharing economy by renting out his unused parking spaces. Through platforms like Spacer, he transformed this side hustle into a lucrative venture, generating substantial passive income. (Credit: Pexels)

Many Americans now rely on the sharing economy to supplement their income. For example, Sam Hunt, a 61-year-old San Francisco resident, earns an additional $54,000 annually by renting out spare parking spaces.

Several years ago, Sam stumbled upon a profitable side hustle when he began using Spacer, the nation's premier parking marketplace, to rent out three vacant parking spaces.