Neighbor.com, a self-storage app for the sharing economy, has been named one of Fast Company's 2019 World Changing Ideas in the Apps category. Now in its third year, the World Changing Ideas Award honors businesses, policies, projects and concepts that offer innovative solutions to the issues facing humanity.
A panel of eminent judges selected winners and finalists from a pool of more than 2,000 nominees from across the globe, from New Zealand to Shanghai to Switzerland. Neighbor will be highlighted among other finalists and winners in the May issue of the print magazine, which hits newsstands April 16.
Neighbor's platform aims to revolutionize self-storage solutions by allowing neighbors to participate in the self-storage economy. Homeowners and renters can list empty space for rent, allowing these "hosts" to make up to $15,000 per year off of the extra space in or around their home. In turn, local renters can access storage space at half the price of traditional storage offerings with the added convenience and safety of using space nearby.
"What makes us 'world changing' is our ability to help everyday people make a meaningful income year after year in a very simple way," said Joseph Woodbury, CEO and co-founder of Neighbor. "Our users are paying off their mortgage, student debt and more by listing something as simple as an empty garage, basement, RV pad, or garden shed on our platform. When it comes to the sharing economy, this is about as passive and rewarding as it gets."
Since receiving venture funding in March 2018, Neighbor has invested in many areas of the platform, including the safety of its users. Neighbor is the only self-storage company to offer every host property damage and liability protection up to $2 million. For renters, Neighbor provides an unprecedented $25,000 in property protection for items stored. Both guarantees create a safer, trusted experience at no additional cost to the host or renter.
"Our goal is to make the storage process as simple, safe and affordable as possible," said Woodbury. "We are the only players in the industry that are putting real money on the line to guarantee that every renter and host can trust their property and items are protected by us."