Table of Contents
Introduction
We are all looking for ways to earn extra cash or save money in a convenient way. This is what Neighbor Storage brings in its platform and reviews for renters and anyone looking to become a host.
It helps people find one another and help each other. It gives an online platform for people who have extra space in their property to rent it to people at affordable rates in need. Therefore, it is a perfect place if you are looking for a host to store your belongings at an affordable price.
At the same time, it allows hosts to earn passive income conveniently without having to go through much trouble. However, it still has its own pros and cons, guidelines and regulations.
These Neighbor reviews are for both hosts and renters and decide if it is beneficial for you.
What Is Neighbor?
Neighbor is an online platform for connecting renters and homeowners for renting out unused storage space to people in need. The website hosts various kinds of rental space listings such as inventory, boats, cars, books, etc. Each host can set their own price and listings for the space that they are providing and earn a couple of dollars without having to get go through licensing and insurance. Neighbors make sure that all those paper works are taken care of. #Neighbor
The hosts are also given the power to make decisions of who the renters will be. They can also put a list of things they do not want to store in their storage. While, there are no payments outside the app. Therefore, the renters also have the advantage of not paying any extra amount to the hosts. Here, the renters pay the Neighbor, and the company pays the hosts. Moreover, they make sure that property owners get paid on time.
Therefore, it is hassle free and benefits both the renter and the hosts if this platform is used wisely.
What is a neighbor host?
Neighbor host is an owner of the property who lists their storage space for renting on Neighbor site. This is one of the passive income ideas for potential earnings as storage hosts. You can start earning by using your extra space as storage unit by becoming a Neighbor host. It can be a garage, driveway, basement, attic, shed or even an extra room in your house. You can list them on Neighbor and start earning passive income.
About
The founder of Neighbor storage is Joseph Woodbury along with Colton Gardner and Preston Alder. It’s headquarter is in Lehi, Utah, United States. It was founded in 2017. As the CEO Joseph Woodbury states, Neighbor had a great start and reviews with a 500% growth in its first two years and is expected to continue growing. The model of Neighbor is much more affordable than renting conventional storage spaces. It is also called Airbnb for storage space.
It provides a way for peer-to-peer storage renting platform between the renters and hosts. Neighbor allows undercutting the prices of the facilities since they are usually unused spaces lying around with no overhead. This is one of the business ideas without any personal liability for earning passive income.
Is Neighbor.Com Safe?
Neighbor.com is a safe and legit company. It provides a secure payment processing for both the renters and hosts. Though it is a young company, there are so many improvements in the past few years. They are very much open to feedback that is positive or will build them up. We have seen how the customer service replies to all the customer complaints and reviews on every site.
Neighbor protects both party by giving a renters insurance and a hosting guarantee. When the renters pay money online, the amount will make direct deposits to the host’s bank account.
Neighbor Features
- It provides a platform to list any empty storage space or unused property for renting.
- Host is allowed to inspect any storage or reject any renter with valid reason.
- The Host can name a price or list out restricted items.
- Neighbor App for easy management of choosing storage spaces, and making payments.
- Discrimination is not allowed.
- Host who evicts a renter with less than 30 days of notice is charged a $60 termination fee.
- Suspend of hosts who turns down too many renters.
- Ammunition, Drugs, Flammables, Hazardous materials, Pesticides, Stolen property, Weapons are restricted.
- Host guarantee of up to $1 million for general liability protection with no additional cost
As mentioned in the terms: “The secondary coverage provided will apply only after the Host’s homeowners policy or commercial general liability policy and the Renter’s insurance policies have been applied.”
How Does Neighbor Work?
The process of Neighbor works in a few simple steps. Firstly, you need to create an account. There are rules that one user should have only one account. You may go through their terms and conditions to avoid any problems in the future and at the same time take advantage of what is given to you.
If you want to be a host and rent storage space, take some pictures and write a description of it. You may add what is allowed and what is not the area, and any important thing. After which you can put up your space for listing on the website. You can also list a Neighbor parking & storage host if you have the storage space to rent.
Renters may look for storage spaces that are suitable for them on the site based on price and area. It is easier for people to use Neighbors rentals facilities to get the storage space they need. Renters might ask you to use your storage. Agreements will be made through the site.
Now, you can provide the renter access to the property.
How to Become A Neighbor Host
Rather than looking for other online jobs or survey junkie to earn, you can start getting paid by renting out storage space on Neighbor.com. To become a neighbor host, there are few things you need to do to start. Don’t worry, they are just simple and easy steps and anyone could do it. We will explain the steps in detail.
Creating an account
- Go to Neighbor’s official website
- Click on “Become a Host”.
- Give in your sign-up information to create an account. (Name, email, password, phone number)
- Click on “Start” to get started.
- You will need to answer a few questions about the space, address, size, and whether they have certain features.
- You will be asked if you want to offer a discount in the first month. They will recommend you a price for the area. Discounts can be a good strategy to get renters.
- Finish-Neighbor-host-profile, verify your profile, and fill in your payment details.
- You can start listing your spaces.
Listing Your Space
When you list your space, here are things you need to add information about them. Here are the things that you need to add.
- Brief description of storage space
- Exact storage space dimensions
- Add multiple photos of the area and space.
- Storage type (garage, bedroom, etc.)
- Renter access (whether the renter can see their belongings anytime or do they need to make an appointment)
- Monthly price/discounts
- Storage condition information
- Features, like if it’s smoke free, pet free, or has fire alarms.
- Renter’s insurance policy (optional)
Neigbor-host-set-price
You may set the price of the rent depending on few factors. This includes storage space size, reliability, neighborhood safety, and features. Neighborhoods that have a statistically higher crime rate might have cheaper storage fees. There are no listing fees that the hosts need to pay to make use of neighbor storages hosting platform.
Respond To Renters
As you put up your listings, there will be requests from renters to rent your place like gig economy companies. You can accept or reject renters on how you make agreements. Renters are usually nearby, therefore, you can be more comfortable with who you rent your space.
Renters may let you know how many months they might want to rent your space. You can also set agreements on when and how many times they can come and check out their belongings.
There are no listing fees that the hosts need to pay to make use of the neighbor storages hosting platform. Therefore, the hosting fees are paid only after someone rents your storage space. Neighbor covers hosts with up to $1,000,000 in liability coverage.
Schedule Move-In
Once you approve a rental request and have come to an agreement, you can now schedule a time of when the renters can use your space.
You can also arrange your move-in preferences or method for the renter. For instance, you may meet the person face to face, let the renter drop off their items, or leave the storage code to the renter, etc.
Get Paid
The renters pay upfront for the first month. As the host, you will get paid after 30-days, on the first month, to ensure that the renter can store their things for an entire month. There is a last-day notice for paying off the Neighbor storage fees. Hence, the renter guarantees to pay in time before signing up to rent the space.
After which, you will be paid at the end of every month. This helps increase the earning potential and personal finance by renting your space. Neighbor app system automatically cuts storage fees from credit card monthly, thus the hosts get paid in time and don’t have to worry about not getting paid.
Remember that Neighbor charges a Fee of 4.9% + $0.30 charged on each payment. For example, if the rent is $100, then you pay $5 to the Neighbor host. Therefore make sure to know that using Neighbor is worth it.
How To Get Started As A Renter
The average cost of the rental space in Neighbors listings is usually much more affordable than using conventional storage. It will also help save money if you are looking for extra storage space for storing and accessing your stuff anytime.
Here is how you can get the right storage space for you.
Check Whether rentals are at your location
Before signing up you can check out whether there is any hosting in your area or location where you want to keep your stuffs. If there is, you can create an account.
Create an account
Once you create your account you can use more filters to look for the storage area, considering size, price, and other specifications. Search and select the storage space that you would like according to your needs. Then you can request the owner to rent the space.
Tips: Make sure to ask the owner when you can access your stuff and how many times. Most hosts likes to make appointments for you to visit them, especially if the storage area is in their house.
Approval and Payment
Once you have the approval of the owner, you pay for the storage space for the first month upfront. You should keep in mind that the hosts will be paid 30 days after you have rented the place in the first month to make sure that the place that you rent is rentable and legit. You can pay with credit card or debit card. Neighbor will automatically bill you the storage fees monthly.
As Neighbor storage renters, the amount of money that they pay will only be as shown in the website or what Neighbor says. There will be no payments between renter and host which is a safe way for the transaction. Both the host and renter are at benefit when using neighbor storage platform.
Managing your rentals
You may want to end the rental period and collect your stuff at some point of time. Here is how you do it:
- Schedule an appointment with your host to pick up your stuffs
- In the Neighbor account, go to “My Rental” page.
- Select “Cancel”.
- Confirm that your stuff and belongings have been moved out.
Note that you have $25,000 insurance coverage if your things are lost, stolen, or damaged.
Neighbor Reviews From Hosts And Renters
Renters
Here are some reviews of Neighbor renters:
Hosts
Here are some reviews of Neighbor Hosts:
Looking for a personal shed of Your own? Read our review on Lifetime shed to learn more!
Cancellations & refunds
You can cancel your reservations whether you are a host or renter. You can also get a refund depending on the situation.
What Hosts should know
If you cancel a reservation before the renter stores their belongings, the renter gets a full refund.
If you cancel the reservation after the renter stores their belongings, you need to give advance 30 days’ notice. In case, you cannot do so, you will be charged $60 for the inconvenience fee, while, the renter receives a full refund for their latest month.
What Renders should know
Your refund will depend on your time of cancellation.
| Time of Cancelation | Reservation Price Refunded |
| 0-24 hours after reservation approval | 100% |
| 4+ days before start date | 100% |
| 0-3 days before start date | 80% |
| After start date | 0% |
Neighbors App Review
It consists of a mobile app that is easy to use and user-friendly. The Neighbor app is available for both Android and iOS. You can download it from Apple App Store or Google Play Store.
The Neighbor.Com App is helpful for managing space as a host. Moreover, renters can use Neighbor app to look up reviews and storage space, or ask queries to hosts.
Neighbor Storage Rent Space Reviews
Neighbour.com is a good place to find storage space at an affordable price. It is convenient and secure both renters and the hosts.
While you rent the space, there are things that you need to keep in mind as mentioned above the gain the most. There are options to get access to belongings.
You get three options to choose from for getting access to your stuff as a renter:
- 24/7
- Business Hours
- Appointment
The renter can select the most appropriate one depending on the situation.
Neighbor allows homeowners to earn money and gives liability protection for it of up to $1 million. At the same time, it also gives insurance claims for renters of up to $25000.
Neighbor also restricts dangerous and reviews harmful items such as weapons, stolen goods, flammables, waste, perishable food, etc. In addition, the host can also restrict certain items depending on their area and comfort. The parking space on Neighbor is also available for people who need space to park their cars.
Moreover, neighbor hosts can rent their space only to mutual friends on Facebook if needed.
Does Neighbor Storage Charge Fees?
There’s no initial service fee for making a listing. However, a payment processing fee is taken out for each reservation place.
Hosts can list up their property for free. Once the property is rented, Neighbor storage charge fee is 4.9% +0.30% per month.
Pros And Cons of Neighbor
Pros
- It is more affordable than most traditional storage.
- Neighbor offers flexibility to a great extend for both hosts and renters.
- Sign up and listing up your storage area as a host is free.
- All the hosts are verified.
- As a renter, you have $25,000 Renter Guarantee for insurance
- It provides up to $1 Million of liability protection for Hosts
- Neighbor helps in building wealth of the hosts. You can earn money fast by becoming a Neighbor host
- User-friendly website and mobile app
- Passive income once listing is done.
- Neighbor covers the cost if renter does not pay the rent.
- It is accessible for anyone with extra storage space.
Cons
- It comes with some peer to peer risks for rentals
- Neighbor’s liability protection is considered secondary to your homeowner’s insurance policy.
- Hosts need to file a police report or find evidence of robbery if the items of the renters get lost to get insurance.
- It might be risky to store up valuable or nostalgic things in a stranger’s house or letting a stranger to your home.
- The misconduct of hosts can hold them responsible for medical costs.
- It may not be available in the areas that you want.
- Prices are competitive in popular areas.
- You may not be able to access to your products anytime you want depending on the agreement you made with the hosts.
Neighbor Pricing Reviews
- Fee of 4.9% + $0.30 charged on each payment
- Must provide at least 30 days notice to ask renters to remove their items from your property or pay a $60 eviction fee
- 4.9% fee for hosts
- Smaller storage = less earnings (usually)
- Service fee increases total cost for renters
- Must provide 30-day notice if you want to end the rental – if you fail to provide a 30 day notice to the renter, you will be charged a $60 fee.
- Processing fee charged on every host payment
Ways To Earn + Tips
Here are a few tips to avoid inconvenience according to reviews on Neighbor and choose what is best for you.
For Host:
- Add lots of photos to improve your quality score and at the same time get the right customers.
- Make sure to add a proper bio description about yourself so that you can gain the trust of customers.
- Add a profile photo to let renters know you are a real person.
- Give the essential description of your storage pace.
- You may also add restricted items on your listing.
- Using social media to promote the rental space you are providing can also be helpful.
- You can inspect your renter’s items for any dangerous stuff.
For Renters:
- Complete your profile to earn the trust of the hosts.
- It is okay to ask the necessary questions about the storage space.
- If it is too good to be true, then it must be, check their reviews on Neighbor first.
- Register your property through Neighbor for renter guarantee in case of theft or damage.
- Check out the local listings to get a better idea of what’s available in your area.
- Read the agreements carefully.
Neighbor Storage vs. Airbnb
The main difference between Neighbor and AirBNB is that Neighbor is rents only for storing goods, items, and things while AirBNB involves renting for travelers or people or tenants.
In Neighbor, we are expecting only to store items and not guests; therefore the expenditure for hosts is lesser. The earnings will differ depending on the space of storage. Moreover, the renters may not be willing to pay as much as the amount for storage.
Neighbor accepts any type of storage space, whether it’s a huge or small space such as a closet. While in Airbnb you need a place where people can actually come and live.
Neighbor is a tailor-made set up while Airbnb is for tenants. This is the biggest difference between the two of them. If you don’t want to entertain strangers or have a space that is big enough or necessary resources for people to live in, then Neighbor is a better option. While, Airbnb is for people who are willing to rent out their rooms for tenants to live in with necessary resources, for example, a toilet, and a place to sleep in. [s]
Becoming an AirBNB host might be complicated than simply listing space in Neighbor. However, if you like meeting people and getting to know them, you can also go for Airbnb, if not Neighbor is simpler and easier to maintain.
Who Should Use Neighbor Storage?
Neighbor is for anyone who has an unused storage space and wants to use it to earn passive income by becoming a host. But, it is not for you if you do not want people or strangers coming to your property occasionally to access their items. It is an excellent way to earn extra income.
You can also use it if you are looking for an affordable storage space nearby to store up your things. There are reviews of neighbor renters that its has helped them pay off their personal loan since they come at an affordable price.
Generally, storing up your stuffs through Neighbor saves more money than storing it up in conventional storage. But, make sure to read the guidelines or rental agreement carefully especially if you are storing up your stuffs in open space.
How much can you earn with Neighbor?
The amount of money you earn through Neighbor depends on many factors. For instance, the size of the storage area you have to offer, the area that you live in, competition, the features you provide as a host, etc.
Here are a few figures that some people have earned monthly.
- Garage: $100-$600 per month
- Driveway: $50-$150 per month
- Shed: $50-$200 per month
- Parking space: $50-$300 per month
- Storeroom: $50 -$500 per month
Conclusion
If you want to earn extra money with the unused space for storage, then being a Neighbor host is worth trying out. It gives you up to $1 million for liabilities, which also gives you peace of mind.
On the other hand, if you are a renter looking to save some money on storage, then you can expect to get an affordable place in Neighbor. In addition, you get renter’s guarantee insurance for up to $25,000.
There are many reviews on Neighbor by hosts and renters which includes both positive and negative. Neighbor Storage is indeed a great place for both hosts and renters especially if they use the platform for what it is made to. However, anyone needs to be aware of scammers. The company is trying its best to do away with them, yet, like any other online platform, it is always good to take precautions.
Frequently Asked Questions [FAQs]
Are there fees?
Currently, the service fee is 4.9% + $0.30 per month. This covers the cost of the payment process, using the site, direct deposits, and the hosting guarantee.
Is Neighbor.com legit?
Yes, Neighbor is a legitimate company. It has been running for three years now and has produced great results and is still improving.
Is Neighbor safe?
It gives high priority to safety and security for both hosts and renters with up to $1 million liability and $25,000 insurance against damage or theft of your property at no extra cost. Therefore, we can say that it is safe.
Is Neighbor worth it?
It is a great option for earning extra passive income without having to worry about people staying on your property. Neighbor also offers an affordable solution for renters to store their items.
