Do you have unused space in your home, garage, or surroundings? If so, did you know that you can actually make money renting out your space to others? This is a unique way to make easy money from home and help others at the same time. Many people are doing this to earn passive income and I will explain how you can too.
How can I rent out my unused space?
There is a company called Neighbor that will allow you to list your space for free for your neighbors and others to use that need storage. Neighbor is like Airbnb for your Unused Space. Neighbor helps Americans rent out space that they’re not using in order to earn extra money each month.
Many people need storage areas to keep their precious items safe and dry while building a new home, due to natural disasters, and other reasons. All you have to do is clear out your space and make it available to list on Neighbor.
How big does my space need to be?
It could be as small as a closet. As long as it is unused and empty, you can list it on Neighbor for others to rent. You can also list a portion of your spare or entire room(s) if you choose to do so. The choice is up to you.
What kind of spaces can I list on Neighbor?
As a host, you can list any space to rent out that you own. Here are some examples listed below.
- Parking lot
- Unpaved lot
- Street parking
- Shipping container
- Self-storage unit
- and more
This list is just an example of some of the spaces you can list as a host on Neighbor.
How do I list my space on Neighbor?
You can list your space in 3 simple steps. First, you will have to visit their official website here to list it. You will tell Neighbor about your space and how much you would like to earn from it. Next, you will review each renter’s requests which will contain details of what they want to store and when. You will approve them and then schedule a move-in time that will be convenient for both of you.
How much can I make?
List your space and earn between $50-600 per month on Neighbor. Some hosts earn an extra $2,000 a year renting out their space and others earn up to $20,000 or more. It really depends on how often you rent out your space and your rate. The size of your space and location is also a factor in how much you will earn.
When will I get paid?
You will receive payments automatically deposited into your account every month. Neighbor handles all the payments for you and will even cover the cost if, for some reason, your renter doesn’t pay.
What are some other benefits of renting my space with Neighbor?
Not only is Neighbor easy to use, but it’s also completely free to list your space. They also offer $1,000,000 in free property protection plans for all hosts and plans for renters. As a host, you are allowed to choose when and how renters use your space. You are not required to give renters a key or code. Neighbor handles all the paperwork for you in their terms of service. You will not have to worry about obtaining additional contracts to rent your space. Neighbor will also send out a professional photographer for free to capture photos of your space to list online.
One of the best perks to renting out your space with Neighbor is that you are guaranteed to receive your money as explained in the previous question.
Sign up to list your space
You can sign up here to list your space on Neighbor in just a few short minutes by going to their official website.
Why do I recommend Neighbor?
I think it is a great way to utilize unused space in your home and surroundings to earn real money. It’s one of the easiest ways to make money and help your neighbors. Give it a try! Remember, it’s completely free so you have nothing to lose.