Short answer, no! Neighbor makes it really easy to reserve and pay for a space. Because we take care of processing payments and guarantee your payout to you as the host, there is no need to require a deposit. Reservations placed on Neighbor renew monthly until a renter moves out and ends their reservation. A renter pays up front for your storage space and as the host, you receive your payout at the end of the rental period (or 30 days after the start date). 

All payments are securely processed by Neighbor and any payment made outside of Neighbor will void the $25,000 Renter Guarantee and $1M Host Guarantee, and payout protection.

To start getting paid, use this link to get connected.

Did this answer your question?