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Have you ever wondered if you can take advantage of the extra room in your home?
With today’s technology, you can actually start to make passive money from your unused space.
Could you use this money to pay off any debt you have? How about spending it on a nice vacation or paying off your monthly mortgage?
All of this is possible without you having to lift a finger.
If you’re interested in learning more about this side hustle, read more below to find out how to make money with extra space in your house with Neighbor.
What Is Neighbor?
Neighbor is an online peer-to-peer community that connects people who are in need of storage space with others who have extra storage room.
Renters of this storage space get to save money compared to other traditional ways of renting space, while hosts get to earn passive income for extra space they don’t need.
It’s a win-win situation!
How Do you Start To Make Money On Neighbor?
As a host, you’d start out by having extra space that you can readily rent out.
Any space you have in your home can be used to store items for your neighbors. If you have a spare garage, basement, bedroom, and so on that has some extra room, you can qualify as a host.
To start, sign up on Neighbor.com and then publish your first listing.
By the way, there is absolutely no fee to list your unused storage space. It’s absolutely 100% free.
What Can You Store To Make Money?
If you have extra space in your garage, for example, you can help others store their cars or boats.
Other things you can store for others include RVs, motorcycles, furniture, collectibles, electronics, personal items, and so on.
Is This Safe?
Yes, as a host, you are backed by Neighbor’s Payout Protection, which means you’ll still get paid even if the renter is late or stops paying. As well, the $1 Million Host Guarantee protects you against personal liability.
How Do You Get Paid?
After a reservation for your space is approved, you’ll get paid automatically by direct deposit at the end of the rental month.
There is a processing fee of 4.9% + $0.30 that covers the cost of being paid automatically and their Payout Protection.
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