Why Mr. Benny Bought a Car Park Instead of an Apartment

Mr. Benny knew way to build wealth was estate but he hated dealing with Mr Benny was he knew renting apartments came with endless headaches a flat and your phone might ring at 2:00AM because the boiler exploded So instead he bought a car park in West London no walls no roof no doors just painted parking lines and a ticket machine Mister Benny paid £120,000 for a neglected car park with 40 spaces The previous owner thought it was worthless. Mr Benny saw a gold mine and installed an automatic barrier and a card payment machine. The total was £6,000 was £6,000 He charged £8 per day to park in a busy Inner London. All 40 spaces were full by 9:00 every morning with 40 spaces at £8 a day five days a week Mr Benny earned £1,600 a week That's £6,400 every month from nothing more than a slab of concrete with painted lines no tenants no no complaints cars don't call you when something breaks over deposits But at the first month a problem appeared. Someone parked a white van in space no. 15 and never came back. It sat there for 11 days that should have been making Mr Benny £8 every single day If this had been a tenant in an apartment he'd probably need lawyers court dates and months of waiting But an abandoned vehicle on private land is a different situation. Landowners can remove unauthorized vehicles after giving the required written notice. Mr Benny placed a bright yellow notice on the windshield 7 days to collect the vehicle or it would be towed. Nobody returned on the eighth day. A towing company they removed the van in just 14 minutes. Mr Benny cleaned the space and a paying customer parked there almost immediately. By lunchtime Mr Benny noticed something else. Every evening after 7 PM the entire car park sat almost empty. Forty parking spaces were earning nothing for nearly 12 hours every day. So Mr Benny listed the spaces for monthly rentals to residents in nearby apartment buildings who parking. He charged £150 per month each overnight space. Twenty two residents signed up immediately. Now the same 40 parking spaces made the day from daily drivers and earned more monthly residents. Mr Benny had piece of concrete into a business that made money 24 hours a day. He used the profits to buy a second car park then a third. Then he bought a vacant lot behind a hospital into car park no. 4. Hospitals always need parking. Visitors always pay. Today Mr Benny owns seven car parks across two cities. He has 310 parking spaces generating forty eight thousand pounds every month. He has no walls to repaint no leaking roofs to repair no kitchens no no bathrooms just rectangles of concrete with painted lines and those white lines pay for everything. Subscribe for more hidden stories