The gig economy is now coming for your basement.
Do you have an empty garage, attic or closet? You could be renting it out and making some extra money. A California-based tech company called Neighbor has developed a site that connects people looking for storage with people that have extra space. Host space is available in all 50 states and Washington, D.C. Storage starts at $10 and can be anything from a small closet to a parking space.
Storing your items in a self-storage facility can be costly and inconvenient. Many of these facilities lack security and are frequently targeted by thieves. Neighbor.com is making self-storage easier, cheaper, and safer with this platform. Joseph Woodbury, CEO of Neighbor, says the platform can save renters up to 50 percent off traditional storage prices while helping hosts earn money without a lot effort.
“Our hosts—both homeowners and renters alike—are making up to $15,000 a year on their extra space, which they can put towards their mortgage, rent, student debt, travel, or other investments, without ever leaving their home, families, or day job. Plus, our platform helps others find storage options that are safer, closer to home, and half the price of traditional storage."
Courtesy of Neighbor.com
Hosts can post space for rent on neighbor.com or through the company’s smartphone app. The listing gives the potential renter information about the space including details like access, climate control, whether it is smoke-free, etc. The renter can make an appointment to view the space and then pay the monthly rent through the site. Neighbor also offers up to $25,000 to renters in case of damages through the Neighbor Renter Guarantee.
Would you rent out the extra space in your home? Tell us in the comments!