06|17|2024

Parking Lot Woes: The 4 Most Common Multifamily Parking Problems

2-minute read

Subhead: Take control of your parking lot and transform your parking lot from a source of frustration into a well-managed asset for your community.

If you’re dealing with angry residents, unauthorized vehicles and a lack of parking spaces, you’re note alone. Parking lot management can be a property manager’s worst nightmare – but it doesn’t have to be. ParkM, which is the backbone of our solution, can help you get control of your parking lot – and earn ancillary revenue at the same time. 

Whether your lot is overrun with residents’ second (and third) vehicles, or guest and unauthorized cars in your lot, managing permits onsite is cumbersome, tiring and inefficient. In fact, we’ve talked to hundreds of property managers about their parking pain points, and here’s what we’ve identified as your 4 biggest parking lot challenges:

  1. Limited Parking Spaces

It’s all too familiar – residents are complaining that there are not enough parking spots. This shortage can lead to frustration, and even the occasional “scene” in your office. 

The problem of limited parking isn’t going away, but how you manage parking can make all the difference.  With ParkM’s parking management software, which requires all onsite vehicles to have an online parking permit, you can get things under control. Plus, you can offer reserved and garage parking spots for residents, optimizing space utilization while also generating ancillary revenue for your community

  1. Guest Parking

Balancing the parking needs of residents with adequate space for guests is a delicate task. A lack of guest parking spots can lead to frustration for you, your residents and their visitors. 

You can address this challenge by designating specific guest parking areas and clearly communicating where to park and how to purchase online guest parking permits. Implementing time limits for guest parking permits can also help prevent long-term parking for non-residents. And every permit purchased means additional revenue for you and your community. 

  1. Unauthorized Parking

Say goodbye to unauthorized parking with the help of ParkM’s online parking management software. The ParkM platform enables you to establish clear parking rules and restrictions, which are easily communicated to residents through signage, email and text notifications.  

All residents and guests sign up for virtual permits, helping to ensure only authorized vehicles are parking onsite. Violators are easily identified through the parking enforcement method of your choice, and they can be booted, ticketed or towed, depending on how your community chooses to enforce the rules. 

  1. Enforcement and Compliance

Enforcing parking rules and regulations is essential for maintaining your sanity. But enforcement can be challenging without the proper tools and procedures in place. 

ParkM can help you identify options for parking lot enforcement and work with your vendor of choice to ensure residents and guests are adhering to your parking lot policies. And when violations occur, ParkM is there to help review, and if necessary, troubleshoot any issues that may arise. 

Based on a revenue-sharing model, ParkM’s parking permit system is unique. It helps you understand and react in real time to any parking lot problems – eliminating the day-to-day headaches by moving everything online.  It also frees your staff from the time-consuming task of issuing permits, allowing vehicle owners to manage permit purchasing, renewal, and cancellation themselves. If you’re still struggling dealing with parking lot chaos, it’s time to schedule a demo and put an end to the madness.