A local startup is looking to ease parking burdens on Edmontonians and put a little extra cash in some of their pockets.
Ismail Attitalla created Stashii originally as a way for people to rent out their extra space for storage, but he said then it quickly evolved into including parking spaces.
“Originally people starting asking hey can I store my summer vehicle, and then from that they said hey how about parking because parking is a big issue.”
He said for places like Century Park where the waiting list to get a parking spot is four years, Stashii can be a great way for a renter to have a daily place to park, and for the host to make some extra income.
“For someone for example who works nine to five their driveway is empty they can benefit from renting that space out to someone that would be taking the LRT here so they start generating income, and as well as the renter starts benefiting from economical parking right next to the LRT.”
The average price for a space is usually $100 a month, but Attitalla said he’s seen one person willing to pay $300 just so they finally have a place to park.
Stashii works on a reputation management system like Uber and Airbnb
“So the hosts and the renters make a mutual agreement at the beginning, it’s in the interest of the renters to respect the rules of the hosts because they’re benefitting from that space. Should they break those rules there is a reputation management system where the host will leave them a negative review and this will protect the next host from having to deal with this renter again.”
Attitalla said the renter and host agree on their own price, but he does charge an additional 15 per cent on top the host’s fee to the renter.
The system is cashless and right now the demand for the spaces is outnumbering the supply.
The company launched on November 1 and is the first of its kind in Canada.
With files from Global News (CJ)