Want to make some extra cash by renting out your unused storage space? This Neighbor Review will show you how it works and how much you can earn.
Neighbor.com is a platform where you can rent out your space to people looking to store their belongings, like boxes, furniture, and even cars. Think of it as Airbnb but for storage. You’re not hosting people, just their stuff!
By becoming a host on Neighbor, you can earn passive income from the space you’re not using. The website is easy to navigate, and you can list your space and get started today.
On Neighbor.com, you can list various types of spaces like your garage, driveway, basement, closet, and more. You can potentially make up to $15,000 a year by doing so. Your monthly earnings can range from $100 to $400 or more, depending on the demand in your area and the type of storage you offer.
As a host, you get to choose who stores their stuff, what they store, and when they store it. Neighbor.com, founded in 2017 and based in Lehi, Utah, is available on both iOS and Android, making it easy to manage your listings.
How much can you make? It depends on the demand for storage in your area. You could earn anywhere from $100 to $400 per month or more. For example, someone near me is renting out climate-controlled indoor storage for $1,000 a month.
Why would someone store their stuff at a stranger’s home? Neighbor.com offers more options and convenience compared to traditional storage units, often without the paperwork. Plus, traditional storage facilities can be full or have long waitlists.
Using the Neighbor app is straightforward. You list your space, set your price, and collect monthly rent. Communication between hosts and renters is done through the app. To get started, create a listing with details about your space, including size, type, and location. Upload pictures to attract potential renters.
Once you receive a booking request, you can communicate with the renter through the app. After confirming the booking, coordinate with the renter to move their belongings into the storage space. The platform also provides tools for tracking and managing rental agreements.
To make money on Neighbor.com, follow these steps:
1. Create a free account on Neighbor.com.
2. List your space with details and photos.
3. Set a competitive price.
4. Review and accept bookings.
5. Prepare your storage space.
6. Maintain communication with renters.
7. Receive payments monthly.
There are various types of storage you can rent out on Neighbor.com, such as garages, smaller spaces like closets, driveways, and sheds. Before becoming a host, consider space requirements, responsibilities, liability coverage, identity verification, and theft protection.
Neighbor ensures a safe and secure platform by allowing you to review renter profiles and handling all payments. The platform charges a 4.9% service fee plus $0.30 per transaction. Renters pay through the platform, and hosts receive payments directly from Neighbor.
Neighbor.com offers insurance and liability protection, with $1 million in liability coverage for hosts and $25,000 in insurance coverage for renters. They also have guidelines on prohibited items to maintain a secure environment.
Common questions about Neighbor.com:
– Reviews are mixed, with both positive and negative feedback.
– Neighbor.com is legitimate and safe to use, offering insurance coverage.
– Fees are reasonable, with a 4.9% processing fee and $0.30 per reservation for hosts.
– Renters pay through the platform, ensuring secure transactions.
If you’re looking to make passive income, renting out your unused storage space on Neighbor.com could be a great option. It’s like Airbnb for storage, making it easy to list your space and start earning money.
Would you rent out your extra space? Why or why not? What other questions do you have about Neighbor.com?