Driveway Parking Spot Rental

[Kim Feldkamp]

I live across the street from a new apartment building in Minneapolis, MN that didn't have to provide parking as part of the build.  We live close to the light rail so I guess the City thought people wouldn't have cars.  The amount of cars parked on the street has increased significantly - go figure.  Winter here can be pretty brutal and parking on the street gets tough.  I have an extra spot in my driveway and am considering offering it for rent to one of these apartment dwellers.    Has anyone done this?  What do I need to consider?  Thoughts on pricing?