Key Points
- Neighbor
is a barely 2-year-old company that connects homeowners online with
people who need storage space. Its CEO says the company is already
seeing 500% annual growth.
- Homeowners can advertise space and
set their own prices, although the website offers guidelines. Listings
are now in 48 states and the District of Columbia, and it is also going
international.
- There are currently six self-storage REITs in the
$38 billion sector. Growth in these stocks is a strong 21% year to
date, according to NAREIT.
Got extra stuff? Got extra space? A new company is ready to make a match. Neighbor, based in Salt Lake City, connects homeowners online with people who need storage space. Its CEO says the barely 2-year-old company is already seeing 500% annual growth.
RSK: You just have to love ingenuity and entrepreneurship....what`s next....rent a Golden to get your puppy fix or someones fenced in back yard to run your puppy?...
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- - Volume: 7 - WEEK: 35 Date: 8/27/2019 6:09:59 AM -