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Peer-to-Peer Self-Storage Marketplace ‘Neiybor’ Launches in Utah

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Neiybor Inc., a Provo, Utah-based startup, has launched a peer-to-peer marketplace for self-storage and parking services in Utah and Salt Lake Counties. Similar to other shared-economy networks, the company provides an online platform where people in need of storage can find local hosts willing to rent available space.

Those in need of storage can peruse the Neiybor website in search of local storage options. Users can filter their search by available cities, expected dates of storage duration, indoor or outdoor spaces, and monthly price. The pricing filter ranges from $0 to $250. Hosts can post free listings that include a description of their available storage space, including size/configuration and the monthly rental fee. They can also post multiple photos and reveal other details, such as whether the space is climate-controlled, pet-free or smoke-free, or offers a private entrance.

Hosts are allowed to set their own prices based on location, size and features. Neiybor collects a 15 percent processing fee, according to the company website, which states “hosts are not legally responsible” for stored items. Hosts and renters are verified through the Neiybor platform.

Co-founder Preston Alder told the source the idea for the company came from an experience he and his wife had as Brigham Young University (BYU) students. The couple had difficulty finding affordable storage when they were leaving the country for an overseas internship. They wound up using extra space in a friend’s garage.

“We are trying to help [people] by building an online community where people can rent out their underutilized space and earn a supplemental income,” Alder said. “We’re also trying to provide renters—especially transient student populations—with more affordable and convenient storage options in their own neighborhood.”

Neiybor has participated in multiple college-business and entrepreneurial contests, garnering office space on the BYU campus for its placement in the university’s Miller Competition Series New Venture Challenge, according to the source. The company expects to move into its own office space soon in Salt Lake County.

Alder founded the company with Colton Gardner and Joseph Woodbury. The Neiybor team presented on the company’s business model earlier this month during the Street Fight Summit business conference in Brooklyn, N.Y.

Neiybor launched service in Utah County in March and expanded to Salt Lake County last week. The company intends to offer service throughout Utah before expanding to other states, the source reported.

Sources:

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