Vacant property turned into steady revenue
Pro-Cam uses Parkable to rent out their car park and earn income, so the space doesn’t lie vacant between leases
Minimal effort for the owner
With Parkable managing the property, leasing the car park only takes Pro-Cam founder Ian Bates a few minutes each month
Improved security at the property
Leasing out the parking bays creates the impression of busy-ness and occupancy, increasing the security of the building
Pro-Cam offers camera and accessory hire, as well as studio hire for video recording and photoshoots. The company was founded by Brisbane local and innovator Ian Bates.
Ian Bates, Pro-Cam founder
When Pro-Cam moved out of the commercial property it owns in the Brisbane CBD, founder Ian Bates was faced with a dilemma. Although the building was partially leased, the other part of the building was sitting vacant. That meant revenue shortfall on both the unleased office space and the six unused parking bays.
In mid-2018, Ian’s real estate agent recommended Park Genie (now Parkable) as a solution for bridging the gap between leases and making up for Pro-Cam’s revenue shortfall. Ian and Pro-Cam would be able to rent the vacant parking bays to Brisbane CBD commuters, earning income from the property with minimum effort required. Particularly attractive to Ian was the fact that Parkable’s Brisbane team would manage the car park leasing for him, so he could enjoy the benefits without adding extra work to his plate.
Since October 2018, Pro-Cam has been making income from the six previously vacant parking bays. Not only has Parkable solved the problem of revenue shortfall, but Ian is also pleased with a secondary benefit - it makes the property busy and gives the impression that it’s rented, which increases overall security. Plus, Ian only has to spend a few minutes each month on a tax invoice, as Parkable manages the property for Pro-Cam.