Storagebuck Launches Peer-to-Peer Self-Storage Services in Sydney

Storagebuck has launched an online peer-to-peer marketplace in Sydney that enables people in need of storage to find available space in their local area from businesses and homeowners. Spacelli and Spacer.com.au Pty. Ltd. started similar services in the country earlier this year. Spacii, a startup based in Chicago, also recently opened.

"Individuals, businesses and self-storage/removals companies find they can earn passive income by listing unused space on Storagebuck and renting out this space to others in need,” said Joel Cacciotti, Storagebuck spokesperson. “With the help of Storagebuck, finding individuals and businesses in need of this space has never been easier.”

Those looking for storage can use the website’s map or search bar. Once they find a suitable space, they can contact the host and make a reservation. The platform also enables users to use different fields and filters such as access, security measures and space size.

Hosts are vetted by Storagebuck and can negotiate their own terms with renters, according to the company website. Both parties must complete a storage-rental agreement.

There’s no charge to be listed as a host. Renters pay a 10 percent commission to Storagebuck when they book space. Payments are made directly to the host through PayPal, according to the website. PayPal also charges a 2 percent to 3 percent processing fee.

"Consumers love value when it comes to their money. It's frustrating to have to purchase more storage space than is needed because it's the closest the person can find to what they are searching for,” Cacciotti says. “With Storagebuck, numerous new options become available to individuals in need of storage space. It's a great resource everyone should check out.”

Currently available in Sydney, Storagebuck plans to expand throughout the country.

Sources: