{"id":11604,"date":"2023-12-12T12:32:07","date_gmt":"2023-12-12T19:32:07","guid":{"rendered":"https:\/\/blog2.neighbor.com\/storage-blog\/?p=11604"},"modified":"2024-10-04T11:03:22","modified_gmt":"2024-10-04T18:03:22","slug":"breaking-records-in-passive-income-neighbor-hosts-earn-294-per-hour-of-work","status":"publish","type":"post","link":"https:\/\/www.neighbor.com\/storage-blog\/breaking-records-in-passive-income-neighbor-hosts-earn-294-per-hour-of-work\/","title":{"rendered":"Breaking Records in Passive Income: Neighbor Hosts Average $294 Per Hour of Work"},"content":{"rendered":"\n

LEHI, Utah, \u2013 Dec. 12, 2023 \u2013 Newly released data from Neighbor.com, the leading storage-sharing marketplace, shows that hosts on the Neighbor platform<\/a> average an impressive $294 per hour of work\u2014significantly more than other side hustle options. Neighbor connects hosts who have extra space with local renters who need storage space. Suddenly a driveway, garage, or basement is generating significant monthly income, with almost no effort required. The result is the most efficient side hustle in America.<\/p>\n\n\n\n

“As a single mom, I used to work extra shifts every week just to scrape by,” says Monica, a Neighbor host in Los Angeles. “Now, by renting out my driveway and garage as parking spots on Neighbor, I have more time with my son and the extra income to treat him to vacations.”<\/em><\/p>\n\n\n\n

In contrast to traditional gig work that requires around 10 hours a week<\/a>, Neighbor hosts typically spend just 45 minutes per month managing their listings. Instead of working for an hourly wage, Neighbor hosts earn income based on how much space they rent out, and the market rates in their area. That\u2019s led to hosts turning overlooked spaces like undeveloped land into thriving businesses. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cGrowing up poor and without a college degree, I was unsure of my financial future. But Neighbor empowered me to start my own mini-parking business, and now I’m earning a six-figure income,<\/em>\u201d says Rose, a Neighbor host in Hawaii.<\/p>\n\n\n\n

Top 10 cities where Neighbor hosts earn the most per hour of work: <\/p>\n\n\n\n

    \n
  1. Los Angeles<\/strong><\/li>\n\n\n\n
  2. San Francisco<\/strong><\/li>\n\n\n\n
  3. Miami<\/strong><\/li>\n\n\n\n
  4. Seattle<\/strong><\/li>\n\n\n\n
  5. San Diego<\/strong><\/li>\n\n\n\n
  6. West Palm Beach<\/strong><\/li>\n\n\n\n
  7. Boston<\/strong><\/li>\n\n\n\n
  8. New York<\/strong><\/li>\n\n\n\n
  9. Portland<\/strong><\/li>\n\n\n\n
  10. Tampa<\/strong><\/li>\n<\/ol>\n\n\n\n

    Joseph Woodbury, CEO and Founder of Neighbor, remarks, “In the gig economy, typical jobs often mean enduring tedious tasks \u2013 like sitting in traffic or delivering food. Our platform allows hosts to generate significant income with minimal effort, empowering them to do more with their time and money.\u201d<\/em><\/p>\n\n\n\n

    With self-storage occupancy bursting at the seams at 92%<\/a>, Neighbor’s platform solves an acute need on both sides of the marketplace. Renters in all 50 states now have access to more affordable, convenient, and secure storage options. And with rising living costs, the 39% of Americans seeking side hustles<\/a> have a more efficient solution for earning income.<\/p>\n\n\n\n

    Interested in turning your extra space into passive income? Visit neighbor.com\/host<\/a> to join our community of hosts and start earning today with Neighbor.<\/p>\n\n\n\n

    About Neighbor<\/strong><\/p>\n\n\n\n

    Founded in 2017, Neighbor is a storage-sharing marketplace based in Lehi, Utah. It connects individuals and businesses with unused space to renters looking for closer and more affordable storage or parking. Available nationwide, Neighbor is backed by prominent investors like Andreessen Horowitz, Fifth Wall, and the CEOs of marketplace businesses DoorDash, Uber, and StockX.<\/p>\n","protected":false},"excerpt":{"rendered":"LEHI, Utah, \u2013 Dec. 12, 2023 \u2013 Newly released data from Neighbor.com, the leading storage-sharing marketplace, shows that…\n","protected":false},"author":25,"featured_media":11605,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-11604","post","type-post","status-publish","format-standard","has-post-thumbnail","category-neighbor-news","cs-entry","cs-video-wrap"],"yoast_head":"\nBreaking Records in Passive Income: Neighbor Hosts Average $294 Per Hour of Work - 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