Neighbor

Neighbor is a peer-to-peer storage marketplace that connects people with unused space (like garages, basements, driveways, or sheds) to people who need storage. It is a fantastic source of passive income, as you simply rent out empty space you already own without needing to do active work.

Frequently Asked Questions

1. What can I store?

You can rent space for boxes, furniture, cars, RVs, or boats. You get to approve what is stored and can reject items you aren't comfortable with.

2. Is there insurance?

Yes. Neighbor provides a $1,000,000 Host Liability protection plan. They also offer property protection plans for the renters.

3. How do I get paid?

Renters pay a monthly subscription. Neighbor automatically deposits your earnings into your bank account at the end of each month.

4. What if the renter stops paying?

Neighbor handles payments and collections. If a renter stops paying, Neighbor guarantees your payout for up to two months and handles the eviction process if necessary.

5. Do I need to meet the renter?

Usually, yes. You will meet them once to unlock the space and let them move in. After that, it is mostly passive unless they need to access their items frequently (which you can agree upon).