If you manage commercial property, your choice of parking operator affects NOI, tenant satisfaction, and asset performance more than most people treat it. Parking isn’t just an operational line item anymore. It’s a revenue stream you can actively manage, and a data source that tells you things about your asset you won’t get anywhere else.  Revenue optimization  You need a partner that actually manages pricing, demand, and utilization — not one that sets rates in January and revisits them never. Static pricing leaves money on the table, especially in office and mixed-use assets where occupancy swings are predictable if anyone’s paying attention.  When you evaluate candidates, ask how they grow revenue month over month. If the answer is vague […]

The High Costs of Cash and Coin Payments in Parking Operations (Part 2)   Strategies to Reduce Risks and Transition to Digital Payments  In Part 1, we explored the many ways cash and coin payments weigh down parking operations, from high labor and maintenance costs to theft risks, sanitation concerns, and declining customer satisfaction. Now, it’s time to look at what comes next.  Transitioning away from cash doesn’t happen overnight. It requires planning, technology integration, and communication with both customers and staff. But when done thoughtfully, the shift to digital, contactless parking payments delivers real results: lower costs, greater efficiency, and […]

For decades, cash and coin payments were the backbone of parking. Single-space meters, pay-on-foot kiosks, and gate-controlled facilities all relied on quarters, dollar bills, and frequent trips to the bank. Today, however, those “familiar” methods come with hidden expenses that strain budgets, frustrate customers, and expose operators to unnecessary risks. This post explores why continuing to accept coins and cash in parking operations is increasingly costly and why digital and contactless parking payments are rapidly becoming the smarter solution.  Let’s first look at the operational costs of accepting cash and coins.  Coin handling and sorting are labor-intensive. Staff must regularly collect and count […]