Neighbor.com helps people with more space in their homes like rental property self-storage, cars storages, RV storage, boat storage, trailer storage, and business inventory find those who need it. Think of it as an Airbnb for self-storage. Anyone with an empty shed, garage, or attic can become a neighbor’s host and list their unused space for others to rent out.
The best part? The neighborhood is much cheaper than traditional storage space. While many storage units on Neighbor don’t offer the security features you get from conventional storage, Neighbor goes to great lengths to keep its hosts and tenants safe.
This security and its unbeatable low prices make Neighbor.com an excellent choice for anyone looking to store things without breaking the bank.
PROS
- Lowest storage rate in the industry
- pro-user-friendly website and mobile app
- climate controlled storage is available
- pro vehicle storage is available
- pro storage option in all 50 states1
CONS
- conNovice storage host
- Multiple safety features
How much does Neighbor.com cost?
On average, Neighbor.com storage costs around $140.44 per month. This price includes a 15% neighbor service fee on top of each rental. This is by far the lowest self-storage price we’ve seen and about $43 less than the industry average.
Neighbor.com Cost Factors
Like any other self-storage company, Neighbor.com prices vary widely, depending on several important factors:
- host and location. Since Neighbor allows hosts to set their prices, and most Neighbor storage spaces are just an area of ​​a host’s home, prices can vary widely depending on the host and their location. Landlords in New York pay a lot of money for their mortgages and may charge more than those who live in rural towns.
- Storage space size. This may seem obvious, but the more space you rent, the higher your cost. As a result, neighbor rates can range from $25 a month for a 4′ x 4′ small room to a few hundred dollars a month for an entire garage.
- Monthly service fee. As mentioned above, neighbors charge a 15% monthly service fee. Luckily, Neighbor displays the sum of these fees in each listing, so you don’t have to calculate it yourself.
- Half price for the first month. Many self-storage companies offer deep discounts on the first month’s rent for their units, and neighbors are no exception. Many neighbors get a 50% discount on their first month’s rent. However, not all neighbor listings include this discount, and you’ll have to reserve a few months of storage to take advantage of it. If you only store your stuff for a month, you’ll pay the full price for that month.
Neighbor.com Rental Guarantee
Each Neighbor.com lease includes up to $25,000 of property protection at no additional cost. This means that if your item is damaged or stolen during your Neighbor’s rental, the Neighbor will cover up to $25,000 in repair and replacement costs.
Of course, as with any conservation plan, there are special limitations and qualifications. For example, if you are storing an item worth more than $1,000, you must state this in your rental agreement or the item will not be eligible for comprehensive insurance. Additionally, coverage apparently does not apply to prohibited items such as firearms and perishables. 2
Neighbor.com Features and Services
Because Neighbor.com’s services and features are host-dependent, Neighbor repositories have a variety of hosting options. Below is a list of services you can find on Neighbor, but not all spaces include these features:
- air-conditioned storage
- Smoke detector
- non-smoking storage room
- vehicle storage
- RV and boat storage
- locked area
- Surveillance cameras
- No pet storage
- Enterprise storage
- private entrance
This variety means that some neighborhood storage spaces lack services that you might consider essential, such as security cameras. However, any online storage space listing will tell you what’s in the space, so you can find exactly what you need quickly and accurately.
Why we recommend Neighbor.com
Neighbor.com takes your comfort and safety very seriously
Leaving valuables in a stranger’s home can be nerve-wracking, and neighbors understand that. To ensure a safe and comfortable experience, the company takes several important steps to protect you and your property.
1. Neighbor Tenant Guarantee
As we said before, your neighbor’s $25,000 rental guarantee covers your belongings if they are damaged or stolen while in storage.
2. Host verification
The company requires every landlord to verify their email address, phone number and identity before offering a rental space. This ensures that if the landlord intentionally or accidentally abuses the tenancy agreement and abuses the tenant, they may be held accountable. 4
3. Secure Messaging
Neighbor offers a messaging platform on its mobile app and website that allows landlords and tenants to communicate without sharing phone numbers or other contact information.
4. Payment Schedule
Its payment schedule ensures landlords don’t receive payment until the end of the month, which means they must provide satisfactory service for the month before getting paid. 5
5. Customer Service
Neighbor has a dedicated team of customer support specialists, which the company calls its “Customer Success Team,” to help resolve disputes, complaints and complaints. These customer service agents can be contacted via live chat, email or phone.
6. Safe payment method
Neighbor.com uses a secure, PCI-compliant payment platform to ensure your credit card information is not compromised and you are not stolen. 6
7. Host Ratings
Finally, Neighbor allows tenants to rate their landlords and leave reviews. If the landlord’s rent isn’t as good as it looks in the photos, or if the landlord lets the tenant’s things get water, you’d better trust the tenant to warn others in that landlord’s review. This means you can watch out for bad landlords and only rent to landlords with good ratings.
You can learn more about Neighbor’s security measures by visiting the company’s online Help Center.
Neighbor.com has thousands of listings
Since Neighbor.com allows owners to list personal real estate as storage space, every household has the potential to own a Neighbor rental. Although there are hardly any neighbor listings for every home in the country, there are still hundreds of listings near most major cities. That equates to an incredible number of total storage listings across the United States.
Plus, the neighbors have storage spaces that vary in size, from vacant parking lots to single-level shelves in the owner’s pantry (no kidding). So whether you need to stash a Rubbermaid full of holiday decorations, an old car on a cinder block, or a shoebox for Pokémon cards, Neighbor can help you find exactly what you need, especially if you live in a medium to large city.
That said, we’ve found that in smaller towns and rural areas, Neighbor generally has fewer options. If you don’t live in a densely populated city, you might want to opt for storage options within hours of your home.
You can rent your own space through Neighbor.com
If you have an empty shed, unfinished basement, or weird attic you’re afraid to step foot in, you can turn that unused space into a source of passive income by listing it on Neighbor.com.
Neighbor lets you list your rent on its website for free and determine your own rates. Likewise, it costs nothing to list your space on Neighbor.8. You just need to complete the verification process.
Now Neighbor is taking a small 4.9% off the monthly fee to cover things like protection plans once someone decides to rent your space. Additionally, it charges a processing fee of $0.30 per payment. 9
For example, if you list your spare room at $100 per month, the neighbor will deduct $5.20 from the money your tenant pays you, so your net before tax amount is $94.80. Not too bad. And this example is actually at the bottom end of how much money you can make with your neighbors. Penny Hoarder says neighboring homeowners earn an average of $300 by renting out additional space. ten
If you want to learn more about being a neighbor host, check out the company’s hosting resources.
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