Tech Nest: The Proptech Podcast Unlocking Storage Potential in All Properties with Joseph Woodbury, CEO and Founder of Neighbor.com
It's my second time interviewing Joseph Woodbury, co-founder and CEO of Neighbor.com. In case you missed, Joseph previously joined Tyler Cauble and I for a live stream on Tyler's CRE YouTube channel. This time for Tech Nest, we switched up the topics.
We get into how his company is disrupting the self-storage industry by leveraging the peer-to-peer model. Neighbor allows individuals and businesses to monetize unused space by renting it out for storage. They have operations in all 50 states, providing storage solutions at a micro level that traditional storage facilities cannot justify.
The company has experienced challenges in acquiring residential customers but has evolved its user acquisition strategies over time. We also get into the demand and supply dynamics of the storage industry and the opportunity for property owners to achieve full property monetization through storage solutions.
One topic I personally get excited to discuss that Joseph touches on is the network effects and the challenges of expanding to new markets. There’s all that and more in this one. Tune in!
More about Joseph and Neighbor.com
Neighbor is revolutionizing proptech by unlocking the hidden value in existing properties. Our platform empowers individuals and businesses to convert underutilized spaces like garages, parking lots, and even vacant land into lucrative storage and parking solutions.
This not only increases income for property owners but also creates a more efficient and sustainable use of space in our communities. Neighbor is a prime example of how proptech is innovating the real estate landscape by optimizing existing infrastructure and resources.
Joseph Woodbury is the Co-Founder and CEO of Neighbor.com. He has successfully disrupted the $500 Billion self-storage industry by raising more than $65 million from top investors like Andreessen Horowitz, Airbnb, Uber, StockX, and DoorDash. Under his leadership, Neighbor has expanded to all 50 states, providing more storage options than any other company in the industry. Joseph brings his expertise in real estate to help property owners optimize their assets.