After two years spent battling the pandemic, Americans are now set to face off against a much different, yet much more familiar foe: inflation. Basic costs for staples like food, housing, products, and services are all marching higher, sending inflation rates soaring to their highest point in 13 years.
Against that backdrop, it’s never been more imperative for a homeowner to take advantage of each and every opportunity to save or make money with their home. Sure, there are traditional methods like renting a room or installing solar panels, but some other methods can be even simpler, while also generating some fast cash.
That’s where Neighbor steps in. Centered around a simple idea, Neighbor has quickly become the top platform for earning passive income from something you probably never considered: your home’s empty space.
Through Neighbor, you can rent out space in a garage, storage shed, closet, or even driveways, empty lots, and more, all so one of your neighbors can stash their stuff in a safe, protected place – one that makes you money.
Neighbor automates and protects the entire rental process. If you’ve got space to rent, you create a profile on Neighbor, snap a picture or two, and set your own price and terms. Once it’s posted, Neighbor then fields inquiries from your interested neighbors, even helping to assess each candidate, while you ask any necessary questions and ultimately choose your rentee, all through their streamlined platform.
You can let the guy from a few streets over stash some boxes and a bike in the corner of your garage for $50 a month. Or maybe you rent out that fenced-in strip of land on the side of your house as the space for a neighbor family to house their RV for $200 a month. It’s all up to you.
You decide when your tenant moves their stuff in and you can establish agreed-upon ground rules for when and how they can access their things. Neighbor even offers up to $1 million in property coverage in the event of damage or accidents. They also insure the person renting the space for up to $25,000 for the value of their stored stuff.