Interesting article about some recent BYU grads who started a company called Neighbor. I hope they kill it. The idea

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Aug 21, 2019
9:21:28am

HarlemCoug All-American

Interesting article about some recent BYU grads who started a company called Neighbor. I hope they kill it. The idea

is that some people have extra space in their home (like a basement or garage) and other people need a storage locker. So let's have the homeowner rent their unused space at a 50% discount to what self storage companies charge. Neighbor provides insurance and takes 15% as their cut.

Rapidly Expanding Startup Aims To Be The Airbnb Of Self-Storage

Former BYU students have founded the Airbnb of self-storage, which they call Neighbor.

https://www.bisnow.com/national/news/self-storage/startup-aims-to-be-the-airbnb-of-self-storage-100438[https://www.bisnow.com/national/news/self-storage/startup-aims-to-be-the-airbnb-of-self-storage-100438?utm_source=outbound_pub_5&utm_campaign=outbound_issue_31509&utm_content=outbound_link_13&utm_medium=email]

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HarlemCoug

Previous username: Big12
Bio page: HarlemCoug
Joined: Sep 8, 2014
Last login: May 4, 2024
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Messages

Author

Time

Interesting article about some recent BYU grads who started a company called Neighbor. I hope they kill it. The idea

HarlemCoug All-American

8/21/19 9:21am

Interesting idea. Lots of liablity risks that I would never want to take on,

Baron

8/21/19 9:23am

No different than Airbnb and Uber

cougarfann888

8/21/19 9:38am

Very different risks and liabilities. Also, I

Baron

8/21/19 9:40am

Different risks? Yes but I actually think Airbnb has higher liability

cougarfann888

8/21/19 9:41am

Probably true, but easier to mitigate if you see it is a rental home.

Baron

8/21/19 9:44am

Yeah I would never do this and would never rent out my primary residence on

cougarfann888

8/21/19 9:46am

Agreed. I would never touch my primary residence with these. If I were ever

Baron

8/21/19 9:56am

Upside isn't nearly as great. You're getting 50% of the cost a storage unit

califcougar

8/21/19 9:48am

Hazardous materials, stolen property, drugs, valuables the person is hiding from a spouse during a divorce...

HuskerFan2

8/21/19 9:39am

It’s been tried a few times before. Hasn’t worked yet. Good luck

BYUFBDAD

8/21/19 9:23am

Interesting. I’d rather burn my stuff though.

8/21/19 9:25am

I'd buy a storage shed for that

8/21/19 9:28am

You can use my basement, my cat will only shed on your crap, not pee on it.

Cougarrr

8/21/19 9:29am

Won't take long for my city to bow to the storage locker mafia and outlaw this.

JAGA97

8/21/19 9:44am

Wasn't Taysom involved with something like this previously a few years ago?

BGRTHNUMEGO

8/21/19 10:05am

RE: Interesting article about some recent BYU grads who started a company called

ausgezeichnet

8/21/19 10:08am

I know a couple of the developers. Great guys. Hope it keeps growing

letthewookiewin

8/21/19 10:11am

As an actuary who did some pricing on storage insurance years ago, there is huge

yerromnitsuj

8/21/19 10:26am

Also, I bet the insurance risk is greater for this model than AirBnB. Defintely

yerromnitsuj

8/21/19 10:30am

Some states have insurance. Some states have "protection plans" because

8/21/19 10:40am

I've been using Neighbor for nearly a year now. Pulls in nearly $100 a month

Ernie

8/21/19 3:06pm

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