Airbnb for Storage: People are Renting Out Storage Space in House. Make Money From Self Storage

The sharing economy has taken over a major portion of the market and has been used in almost all sectors. The latest trends show its acceptance in the storage and garage organization market. Homeowners are now welcoming others to share with them their space for providing storage units. We wrote this blog post to clear all your doubts in case you want to get into this business of Airbnb for storage startups and increase your profitability. Doing side hustle to make a few more dollars? The self-storage industry is just for you then.

One man’s trash is another man’s treasure.

When it comes to storage, it holds true for both the parties- the one who owns it and the one needs to rent it.

An empty garage gathering dust is worthless but if you rent out your extra space to someone for storing their stuff or park a car, you get money on the side.

Many people own spaces that are no use to them, at least temporarily. On the other hand, a lot of people own stuff for which they cant find a storage space.

How about a platform that connects them? An app like Airbnb for storage space could be a great idea for such people.

What is Airbnb For Storage?

Airbnb for storage sharing is an app that connects hosts having spaces to let out online with people who need a storage unit for their things. Hosts can promote their home space by adding its details and pictures, setting their prices, and putting it open for renting. The people with a need for storage space can contact them and make a deal according to their requirements.

Basically, it’s an on-demand storage app that makes a pair of people with extra storage spaces to let out and people who need it in the neighborhood. They might be students, migrated citizens, or anyone else who has just moved into the city for any reason and store their things.

The need for such an app is now more than ever. We are saying it because this market segment is showing some really promising trends. You can find all your answers to the question, why create Airbnb for storage startups by reading this article.

Why is There a Huge Space to Grow in The Storage Marketplace?

  • According to CBC, the self-storage market in Canada is booming as people are grapple with ‘too much stuff’.
  • The total revenue in the Canadian storage industry in 2019 was CAD4 billion
  • According to research by The Freedonia Group, the U.S. closets and home storage organization market was projected to grow 3.5% annually to $10.5 billion in 2019.
  • From 2019 to 2024, the Global United States Storage and Garage Organization revenue would keep increasing with an annual growth rate with 5~7%.
  • The global Storage & Garage Organization Consumption Market is estimated to reach USD 11.1 billion by 2025, according to a new report by Research Reports Inc.

Now, you can see that creating an Airbnb or Uber for storage can be a great opportunity in these times.

Looking for someone to help you build an Airbnb app in the shortest time with the exclusive features?

Let us help you right away.

How Airbnb For Storage Works?

How Airbnb For Storage Works

To understand how Airbnb for storage service works, let’s take an example of the self-storage app leader company, Neighbor.com. This startup, originated from Utah, serves the neighborhoods in the USA and its funding has already reached $2.5 million in March 2018. The Utah Governor’s Office gave the app grant under Technology Commercialization and Innovation of startups in February 2018. Also, the University of Utah and Brigham Young University entitled multiple accolades to this startup storage business. Come on, let’s look at its miraculous working below:

  • Based on the peer-to-peer model, Neighbor connects people who want to let out their unutilized spaces with people looking for extra spaces to keep their stuff.
  • In the latter paras, you’ll also find the reasons to make a peer-to-peer model-based app for self-storage. So, sit uptightly and just keep reading.
  • The landowners often let out their extra spaces in the home, closet, garage, attic, home depots, and cellar/basement to the person looking for rented storage space.
  • Here, the hosts share details like pictures, location, size, and storage rates on the website for renters to choose-out from it.
  • Self-storage apps like Neighbor has no limit on the minimum or maximum amount spent and the tenure for letting out the land.
  • Suchlike apps sync mutual friends from Facebook’s friend list to owners’ and renters’ accounts. Who knows there is an empty space with your neighbors only!
  • This way, both of them can be benefited out of mutual connections. This feature ensures the security of both parties.
  • The messaging platform on Neighbor helps the hosts and guests to connect efficiently. They can communicate with a 24*7 access, prior appointment basis, or business hours contact as per the owner’s preferences put in the app.

Want to know its complete development process? We’ve curated an in-detailed guide for you on how to build an app like Airbnb? (Process + Cost Estimation + Technology Stack + Alternatives)

Why Make a Peer-to-peer Storage Airbnb?

Peer-to-peer Storage

  1. Space Utilization + Safety

    The concept of self-storage comes from Airbnb, where people share their houses if they have an extra property or just an extra room in their house. The extra spaces in someone’s ownership find a purpose, while someone else finds the needed spaces for their stuff. Leaving a space empty is to waste it while renting it would mean its proper utilization.

    Such apps can become more popular, as they allow you to use even a small place to give it to a renter. Also, it is far less invasive to let someone keep their stuff in your house, then let someone stay in it. It also ensures the safety of both parties. The guest and the host need to agree on a contract. While creating your app/website, it should be a part of the screening process.

  2. Monetary Benefits

    It all comes down to money in the end. The best benefit of creating such an app is the monetary benefit involved for everyone. A mediator can earn from the advertisements and commissions. The hosts can earn by renting the space itself and the renter will find self-storage facilities at a cheaper rate online.

    Extra cash doesn’t hurt if it comes from genuine sources. This is why renting out a little out of your extra space is a great idea. It’s also worth mentioning that the host can rent out anything from small closets to garages and earn accordingly. There is no upper or lower limit here.

  3. Extra services

    Whether you are a startup or an established moving and storage company, an app for move and store will benefit you. You can provide multiple storage-related services that people might need. For instance, when a person is moving to a new city for work but only for a few weeks or months, he might need movers, packers, and someplace to store his stuff.

    In this case, if your app provides all these services, he would choose your app over any other.
    Therefore, it’s recommended to a company to provide all services through a single app. We learned about its benefits. But when you plan to create an Airbnb for storage app, there are a few features you must consider for your app. Let us take a tour through these features mentioned below.

Features to Include When You Create Airbnb for Storage

Features of Airbnb For Storage App

  1. Profile: Creating a profile is the basic feature every Airbnb app should have. A user should be able to create an account as a ‘Host’ or ‘Guest’. It would be awesome if your clutter storage app allows creating multiple accounts.
  2. Listing space: This feature is for the host. Using it, the host can list all his spaces available for rent by adding required information like address, images, space area, space size, and price.
  3. Search: This feature is for the renters. Renters should be able to search for their desired space from the direct search option and find the appropriate homeowners.
  4. In-app chat: This feature lets the host and guest interact through the app. The guest can ask for any queries to the host about space, negotiate the bids, and can counter offers on it, too. The host can make clarifications about any terms to let out space through these chats. We can help you to build the conversational AI chatbot using Rasa or the Google Dialogflow platform.
  5. Pick-up and drop-off: This feature is a value addition for the renters. Some apps have an option to pick up and drop-off the things of a renter. This is helpful to a renter when s/he is new in the city.
  6. In-app payment: If you provide a service online, you should be paid online. Your Airbnb app should include payment options. It becomes easy for you (host) to close the deal and receive the payment immediately.

We understand you must wonder even if you create an Airbnb for storage app, how would it be beneficial for you. To answer this question, read on!

How to Make Money From Airbnb for Storage App?

Now, you have created an Airbnb app for storage and you know how it works, too. It’s time to understand how you can generate money through it.

The app will work on the Airbnb model. It means that companies are supposed to charge a fee from both parties. The person letting their space will pay you fees for using your services. However, the person who rents the space will pay you a certain percentage of the amount of the space they’ve hired. This is one way how companies generate funds through Airbnb storage apps.

Another way of making pennies is to run advertisements on your online platform. If your app is advanced-featured and popular, companies will pay you for running their ads on your platform. Advertisers are in dire need to promote their business content online today, and you can leverage their needs with your app.

Airbnb is a win-win for each party in today’s time. The host earns an extra penny by letting his unused space to someone needy. The guest doesn’t earn a monetary reward. Despite paying the host and the app owner, he earns a space at an affordable price and lets his/her stuff keep safe.

Want to make an Airbnb for storage app?

Want it to give you the best returns on your investments?

FAQ

  1. How can I make money with storage space?

    By identifying the correct platform for your space, working and listing with a peer-to-peer storage space company, communicating with customers, and renting your space, you can earn dollars for sure.

  2. How to build an Airbnb for storage app?

    With an identified goal, the layout of the app’s features and functions, proper app design, and a strong back-end of the app, you can build an Airbnb for storage app.

  3. What is peer-to-peer storage?

    Peer-to-peer storage means a space available to rent. It can be anything from a garage, spare rooms, sheds, to a house. Here renters can store his/her items for a specific tenure by entering into a contract with the homeowners.

  4. How to rent out your closet with an ‘Airbnb for Storage’?

    You can either use a platform like Neighbor to rent out your closet or create one of your own kind. Both of these ways will help you rent your closet and make money.

  5. What are the top Airbnb storage businesses?

    Letting out closets, garages, spare rooms, and extra properties are among the top Airbnb storage businesses. Clone apps like Neighbor and HopSkipDrive are the current market leaders.

 

Conclusion

We hope that now you have a better idea about apps like Airbnb for storage. We understand that you might have some further questions and doubts regarding app development. We are here to help you with all your concerns. Being a mobile app development company based in Canada, we well-know how to build user-friendly and fully equipped apps for our clients. You can contact us directly and ask for the project quote or any technical advice from our experts free of cost.

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Author Bio
Rakesh Patel
Rakesh Patel
Designation: Co-founder and CEO of Space-O Technologies

Mr. Rakesh Patel is a Founder and CEO of Space-O Canada. He has 28 years of IT experience in business strategies, operations & information technology. He has expertise in various aspects of business like project planning, sales, and marketing, and has successfully defined flawless business models for the clients. A techie by mind and a writer at heart, he has authored two books – Enterprise Mobility: Strategy & Solutions and A Guide To Open311.