Show Notes: https://retipster.com/169-joseph-woodbury/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=VK-1h55t5kI Neighbor: https://go.retipster.com/neighbor/yt-VK-1h55t5kI Join Our Community: https://welcome.retipster.com/newsletter/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=VK-1h55t5kI The self-storage industry is ripe for disruption. That's exactly what Neighbor.com does by allowing people to rent out their unused space to earn thousands in passive income. In this episode, Neighbor.com CEO Joseph Woodbury joins host Seth Williams to discuss how his company is transforming storage. Joseph explains how hosts earn tens of thousands annually by listing garages, driveways, attics, and more on the Neighbor platform. Seth asks Joseph how Neighbor can provide $50,000 in item protection when most storage facilities offer nothing. Tune in to learn how Neighbor keeps your belongings safer. The duo also discusses how real estate investors can maximize returns by listing vacant land on Neighbor.com to generate over $100,000 annually. You'll hear how Neighbor solves America's space shortage crisis by bringing consumers cheaper and closer storage options. Seth asks whether Neighbor could hurt storage facility owners. Joseph explains how he believes Neighbor will expand the storage industry, not contract it. 0:00 - Introduction 2:21 - Origin of the Idea 4:53 - Designing a User-Friendly App 7:06 - The Vision Behind "Neighbor" 13:45 - Neighbor.com’s Revenue Model 15:19 - Item Protection and Safety 19:04 - Consumer Pain Points 20:50 - Market Penetration and Consumer Demand 22:30 - Dedicated Facility Pages and Data Sharing 29:24 - Popular Spaces in Residential Areas 30:37 - Commercial Spaces and Parking Rentals 32:10 - Multifamily Storage Options 32:54 - Converting Office Spaces to Storage 41:44 - Unique Repurposing of Properties 44:13 - Neighbors Helping Neighbors 45:33 - Finding Storage Space 48:31 - Gate Management for Storage 56:12 - The Benefits of Auctioning Unsold Items 57:08 - Prioritizing Fairness in Disputes 59:20 - Opportunities in Different Markets 1:10:47 - Simplicity of Storage Industry Compared to Hospitality Industry 1:11:54 - Expected Challenges in the Storage Industry 1:12:53 - What’s Next for Neighbor.com In this episode, we'll cover the following: 1. Joseph explains how Neighbor.com disrupts the storage industry. Listen to learn how hosts earn tens of thousands yearly. 2. Seth asks how Neighbor provides $50,000 in item protection. Tune in to hear how Neighbor keeps your stuff safer. 3. The duo discusses using Neighbor.com for real estate investing. Don't miss Joseph's example of earning over $100,000 per year with vacant land. 4. You'll hear how Neighbor solves the space shortage in the US. Discover how Neighbor brings options that are cheaper and closer. 5. Seth asks if Neighbor could hurt storage owners. Listen to find out why Joseph says Neighbor will expand the industry. #realestateinvesting #retipster #josephwoodbury #neighborapp #selfstorageinvesting #selfstoragebusiness #airbnb #uber #techstartup #landinvesting #REtipsterPodcast #REtipsterInterview