How a neighbor can help you earn $300 a month using an empty garage

Good-neighborly friendship is the cornerstone of our value system. Just ask Mr. Rogers. But this is not just a polite approach-it can also make you money.

Yes-just be a helpful neighbor and open your garage door or spare bedroom and you can make some big money. Many neighbors earn an extra $300 per month from passive income.

how is it?A website and application called neighbor Connect those who need storage space with those who have free space—whether it’s a parking space, a backyard shed, or an unused closet.

Earn passive income from your extra space every month

With Neighbor, you can list your extra space, and people in your area will pay you to use it as storage space. It is likely that your own neighbors have opened up their houses, garages, and unused land to other locals who need alternative storage solutions-and make money from them.

How much money you can make depends on your location and type of space. A garage in San Francisco may be more valuable than a parking space in the suburbs of Cleveland. But no matter where you live, you will still make more money than your empty house.

On average, the landlord’s monthly income is about $300, but the neighbor’s Income calculator Can help you figure out how much money you can make. For example, a middle school teacher brings nearly $10,000 in income every year by hosting storage space in her home. The owner of a fitness company is expected to earn $50,000 by renting out parking spaces, and their courses are all virtual.

This is a simple source of passive income, in addition to a free landlord guarantee of $1 million, which protects them from personal liability and gives you peace of mind. Registration is free and simple-once you have verified yourself and your space, you can start making money from your empty closet.

How to start

are you free? Here is how to register as a moderator on Neighbor:

1. Enter your location and space type in the income calculator to see How much can you make.
2. Answer some questions about your space: Is it outdoors? What is the size? How often can tenants visit?
3. Set the price. Neighbors will recommend the amount based on your location and rental type, but the price is up to you.
4. Use government-issued ID to verify your identity.
5. Add a photo of your space and some information about yourself.

The whole process takes about 10 minutes. If you need help, an activation agent can help you navigate the process and improve your list.

Before you register

Listing is free, but the landlord is responsible for paying a monthly processing fee of 4.9%. Neighbors make money by charging the tenant an additional 5% to 20%, depending on the reservation. Because the neighbor’s price is half the cost of traditional storage, the tenant saves money and the landlord makes money.

Neighbor will also provide you with tips to make your listing stand out and make more money. For example, having high-quality photos of the space can help you attract more tenants. So you can provide a 50% discount for the first month.

If someone is interested in your space, they will contact you. You can discuss their stored content with them on the website or the Neighbor app, and you can even meet them in person before accepting them.

Neighbors help landlords across the country bring in extra income every month. So if you want to make some extra money from the empty basement, click here See how much money you can make.

Kari Faber is a full-time writer for The Penny Hoarder. Her neighbor is the best-literally. They are recognized as the best community in the United States.