Ancillary revenue
Income from services beside the rent — parking, storage, pets.
Ancillary revenue is what a property earns other than base rent. Parking is usually the largest line in it for a building that has any, because the inventory already exists and the marginal cost of charging for it is close to nothing.
The two changes that most often move it are not price rises: charging for the second vehicle on a household, and charging for guest parking. Both tend to be uncharged by default, and both are the uses that cause the shortage the building is otherwise trying to solve by building more bays.
See also
- Proration — Charging for part of a billing period rather than all of it.
- Parking ratio — Spaces per unit, or per thousand square feet of commercial floor area.
Parking, handled.
Permits, guest passes, enforcement, contracts and monthly billing for the building you actually manage.