What is Airbnb for Storage? (Features+ Monetization Plan)

The sharing economy has taken over a major portion of the market and has been used in almost all sectors. The latest trends show its acceptance in the storage and garage organization market. Homeowners are now welcoming others to share with them their space for providing storage units. We wrote this blog post to clear all your doubts in case you want to get into this business of Airbnb for storage startups and increase your profitability. Doing side hustle to make a few more dollars? The self-storage industry is just for you then.

What is Airbnb For Storage?

Why is There a Huge Space to Grow in The Storage Marketplace?

• According to CBC, the self-storage market in Canada is booming as people are grapple with ‘too much stuff’.
• The total revenue in the Canadian storage industry in 2019 was CAD 4 billion
• According to research by The Freedonia Group, the U.S. closets and home storage organization market was projected to grow 3.5% annually to $10.5 billion in 2019.
• From 2019 to 2024, the Global United States Storage and Garage Organization revenue would keep increasing with an annual growth rate with 5~7%.
• The global Storage & Garage Organization Consumption Market is estimated to reach USD 11.1 billion by 2025, according to a new report by Research Reports Inc.

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How Airbnb For Storage Works?

• Based on the peer-to-peer model, Neighbor storage company connects people who want to let out their unutilized spaces with people looking for extra spaces to keep their stuff.
• In the latter paras, you’ll also find the reasons to make a peer-to-peer model-based app for self-storage. So, sit uptightly and just keep reading.
• The landowners often let out their extra spaces in the home, closet, garage, attic, home depots, and cellar/basement to the person looking for rented space to keep things.
• Here, the hosts share details like pictures, location, size, and storage rates on the website for renters to choose-out from it.
• Self-storage apps like Neighbor have no limit on the minimum or maximum amount spent and the tenure for letting out the land.
• Suchlike apps sync mutual friends from Facebook’s friend list to owners’ and renters’ accounts. Who knows there is an empty space with your neighbors only!
• This way, both of them can be benefited out of mutual connections. This feature ensures the security of both parties.
• The messaging platform on Neighbor helps the hosts and guests to connect efficiently. They can communicate with a 24*7 access, prior appointment basis, or business hours contact as per the owner’s preferences put in the app.

Want to know its complete development process? We’ve curated an in-detailed guide for you on how to build an app like Airbnb? (Process + Cost Estimation + Technology Stack + Alternatives)

Why Make a Peer-to-peer Storage Rental App Like Airbnb?

1. Space Utilization + Safety

   The concept of self-storage comes from Airbnb, where people share their houses if they have an extra property or rent out a room for storage. The extra spaces in someone’s ownership find a purpose, while someone else finds the needed spaces for their stuff. Leaving a space empty is to waste it while renting it would mean its proper utilization. Such apps can become more popular, as they allow you to rent out storage space in your house. Also, it is far less invasive to let someone keep their stuff in your house than let someone stay in it. It also ensures the safety of both parties. The guest and the host need to agree on a contract. While creating your app/website, it should be a part of the screening process.

2. Monetary Benefits

   It all comes down to money in the end. The best benefit of creating such an app is the monetary benefit involved for everyone. A mediator can earn from the advertisements and commissions. The hosts can earn by renting the space itself and the renter will find self-storage facilities at a cheaper rate online. Extra cash doesn’t hurt if it comes from genuine sources. This is why renting out a little out of your extra space is a great idea. It’s also worth mentioning that the host can rent of storage space that includes from small closets to garages and earn accordingly. There is no upper or lower limit here.

3. Extra Services

   Whether you are a startup or an established moving and storage company, an app for move and store will benefit you. You can provide multiple storage-related services that people might need. For instance, when a person is moving to a new city for work but only for a few weeks or months, he might need movers, packers, and someplace to store his stuff. In this case, if your app provides all these services, he would choose your app over any other. Therefore, it’s recommended to a company provide all services through a single app. We learned about its benefits. But when you plan to create an app like Airbnb of storage and garages, there are a few features you must consider. Let us take a tour through these features mentioned below.

Features to Include When You Create Airbnb for Self-Storage Facility

1. Profile: Creating a profile is the basic feature every on-demand service app should have. A user should be able to create an account as a ‘Host’ or ‘Guest’. It would be awesome if your clutter storage app allows creating multiple accounts.
2. Listing Space: This feature is for the host. Using it, the host can list all his spaces available to rent out by adding required information like address, images, space area, space size, and price.
3. Search: This feature is for the renters. Renters should be able to search for their desired space from the direct search option and find the appropriate homeowners.
4. In-app Chat: This feature lets the host and guest interact through the app. The guest can ask for any queries to the host about space, negotiate the bids, and can counter offers on it, too. The host can make clarifications about any terms to let out space through these chats. We can help you to build the conversational AI chatbot using Rasa or the Google Dialogflow platform.
5. Pick-up and Drop-off: This feature is a value addition for the renters. Some apps have an option to pick up and drop off the things of a renter. This is helpful to a renter when s/he is new in the city.
6. In-app Payment: If you provide a service online, you should be paid online. Your on-demand app should include payment options. It becomes easy for you (host) to close the deal and receive the payment immediately.

How to Make Money From Airbnb for Storage App?

Conclusion