The DealMachine Real Estate Investing Podcast

606: This Is The “Dumbest” Way to Make Money in Real Estate

Episode Summary

Dax Dickson explains how overlooked parking lots generate income, including one client receiving over $120,000 a year from 33 spaces.

Episode Notes

Parking lot income is an overlooked real estate opportunity, and Dax Dickson shares how one client receives over $120,000 a year from just 33 spaces. He explains how he identifies properties with parking demand and works with owners to introduce paid parking through revenue sharing or lease agreements. For wholesalers already scouting properties, the conversation reveals another reason to pay attention to the lots they pass and a potential way to earn referral income.

 

KEY TALKING POINTS:

0:00 - The Dumbest Way to Make Money

0:46 - What Monetize Parking Does

2:30 - From Skeptic to Parking Champion

4:12 - Weaponizing DealMachine

6:57 - How the Technology Works

9:56 - Small Lots, Big Money

11:37 - Finding Lots in DealMachine

14:23 - Paying for Leads

15:48 - The Revenue Models

18:48 - Vacant Lots as Mailbox Money

20:16 - How to Contact Dax

21:39 - Chasing Texas Markets

24:04 - DealMachine Feature Requests

26:43 - CRM Wishlist

27:48 - Parking Pays: Final Pitch

29:46 - Outro

 

LINKS:

Email: Dax Dickson

dax@monetize-parking.com

 

Phone: Dax Dickson

(612) 245-4025

 

Instagram: Monetize Parking

https://www.instagram.com/monetizeparking/

 

Website: Monetize Parking

https://www.monetize-parking.com/

 

Instagram: David Lecko

https://www.instagram.com/dlecko

 

Website: DealMachine

https://www.dealmachine.com/pod

 

Instagram: Ryan Haywood

https://www.instagram.com/heritage_home_investments

 

Website: Heritage Home Investments

https://www.heritagehomeinvestments.com/