Passive income: NO

Renting space for parking can potentially lead to passive income, but it heavily depends on various factors. Setting up the parking rental business requires initial efforts in finding suitable parking spaces, marketing the service, and setting up payment systems. Automation tools for managing bookings and customer inquiries can help streamline operations. While some individuals have reported earning passive income from parking rentals, it's important to note that achieving full passivity may not be common for everyone. Success in reaching passive income levels may vary based on factors such as location, demand, competition, and the amount of effort put into scaling the business. It's crucial for individuals considering this hustle to carefully assess the market, plan for contingencies, and actively manage the business to increase the likelihood of earning passive income.