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06-08-2011, 10:42 AM #1
Fixer Upper
- Join Date
- May 2011
- Location
- So CA
- Posts
- 18
Pay Parking Lots 101
I would love to hear from others who have had experience buying and selling parking lots. How did you find it? Lessons learned? Still have it? Pitfalls?
My story:
I stumbled onto a my first lot by pure luck and it has paid me everyday since. I am proud to say I have not stepped foot on lot that in 4 years! I know what events will bring in terms of cash and I let my attendant know the same. If the numbers are off (not happened yet) I know something is wrong. I have used the same attendant on this lot for 8 years and pay him well to be helpful and attentive. Works out great. Since then I have picked up other lots and sold some and kept some. I currently have 6 lots in 3 different states and life is good. I went from multiple 4-plexes (2am complaint calls - oh joy) to zero maintenance other than slurry seal and stripping every 7 years (I have had to do this twice).Last edited by a_mused; 06-08-2011 at 11:31 AM.
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06-09-2011, 02:23 AM #2
Banned
- Join Date
- Jul 2009
- Location
- Connecticut
- Posts
- 522
It will be much better and really interesting having this so that later it will turn out to be very successful. I mean this will thus help you to get more money.
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