I make an extra $925 a month by renting out parking spaces. It's the easiest source of passive income I've found.

Nick Copland and his wife, Shannan.

Nick Copland; MTR Authority

• Nick and Shannan Copland built MTR Authority to help investors grow mid-term rental income.
• They also leverage platforms like Neighbor to earn passive income from unused parking spaces.
• Their real-estate strategy emphasizes financial freedom, family time, and scalable passive revenue.

This as-told-to essay is based on a conversation with Nick Copland, a 42-year-old real estate investor and the cofounder of MTR Authority...