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Neighbor

eCommerce & Marketplaces · Lehi, United States · Founded 2017

Neighbor is a peer-to-peer storage company that connects individuals with unused space to those in need of storage. Operating in the self-storage market, Neighbor allows homeowners to monetize their garages, basements, RV pads, and other unused spaces by renting them out. This model provides renters with a cost-effective and flexible alternative to traditional storage facilities, often at 50% of the usual price. The platform addresses the high demand and limited supply in the U.S. self-storage market, which typically results in high prices and rigid contract terms. Neighbor generates revenue by taking a percentage of the rental fees. The business model empowers individual hosts, lowers storage costs for renters, and ensures a secure and trustworthy environment for transactions. Keywords: peer-to-peer, storage, unused space, homeowners, renters, flexible, affordable, self-storage, monthly income, secure platform.