A Complete Guide to Neighbor Storage (Process + Benefits + Features)

What is Neighbor Storage?

Neighbor Storage Revenue and News Updates

Source: Zoominfo

How Does Neighbor Storage Work?

• Landowners and renters (the people looking for spaces) connect through the Neighbor platform and sign up through the menu.
• Landowners add data and stuff like pictures, price, and location.
• The application will then navigate the more renters with a search filter.
• Neighbor lets you connect with your Facebook mutual friends as well.
• The renter will find relevant spaces, verify all the details posted by the host, and will request the service.
• The application will notify the neighbor hosts of the request by renters and they will discuss the requirements.
• Once everything is finalized, the renter will make payment through debit card, credit card, google wallets, or net banking.
• The renter is responsible for moving their stuff out once the contract ends using Neighbor startup platform.

Do you own a similar app idea for storage startups? Want to discuss?

Contact Us

How Neighbor Storage is Disrupting the Airbnb For Self-Storage?

1. Greater Flexibility

   For both owners and hosts, flexibility is more of a selling factor, as a Neighbor startup makes almost all kinds of store contracts. You will have deal terms for as little or as much as you want, rather than getting tied into a long-term lease. In addition, spaces much smaller or bigger than the normal storage unit can be difficult to locate. The neighbor website has directories of all sizes, such that in some places, you can find a room for only a few boxes or even a vehicle, cruise, or RV.

2. Passive Income For Hosts

   Through renting the room itself, the hosts will receive money as part of passive income, and the renter can find self-storage facilities available at a cheaper cost. However, there are guidelines that the host should follow and things should consider before setting the price. But in the end, it’s your decision how much you charge for your storage spaces. Also, if there are any untidy housemates, as with Airbnb, you don’t need to pick them up. All you have to do is bring someone on your premises to place their things and watch the monthly checks roll in.

3. Much Cheaper Than Self-Storage

   Go anywhere in the world, you would find that the self-storage charges for units are much higher than Neighbor. Although individual rates range from one host to another, Neighbor encourages tenants with up to 50 percent savings. And if you can choose the right host, you might pay even less for a much better private storage unit. Taking all of this into account, we won’t deny that neighbor is a strong brand. If you have a spare room or can clean up additional space in your building, you can pull in extra cash with little to no investment on your part.

Core Features of Neighbor Storage

1. Create and Maintain a Public Profile

   Getting a strong public image would help the renter reach his/her ultimate objective of booking a storeroom at the ideal cost. People find it easier to cope with familiar relations and profile information or data as it is a perfect way to help people get to know them and trust them. To make your profile, you just need to:
   • Choose a picture
   • Write about yourself, such as expressing activities and preferences

2. List Your Storage Space

   By inserting necessary information such as an address, Getty images, space location, space size, and price, the host can list all of his spaces available for rent under this functionality. Your storage space can be anything like a basement, garage, attic, bedroom, closet, lot, shed, warehouse, parking space, RV pad, or other, if not listed as a choice.

3. Filter Search

   Users should be able to browse more for a listing depending on a variety of criteria of their choosing. Thus, add a search option that allows users to search on the basis of rental number, room position, space size, etc.

4. Pick-Up and Drop-Off

   A customer should be able to use the pickup and drop-off facility from the neighbor software itself. The stuff that needs to enter the storeroom will be picked up and dropped off by the companies with this feature. This would enhance the company’s convenience and improve the purchases.

5. In-App Chat

   Your customers would have concerns about space several times. You should encourage the owners and the rental prospects to talk and discuss everything that they want about the room. You can help to ensure that no party has to reveal the number and will provide full security by offering an in-app chat.

6. Multiple Payment Options

   You simply can’t ignore this functionality. The application can make it easier for consumers to use the mode of their choice to pay. Companies should integrate all the possible modes to make payments. As it becomes easy for a host to close the deal and automatically collect the money.

Conclusion