Ep #916 - Turning Empty Spaces into Income Streams

Lifetime Cash Flow Through Real Estate Investing

Rod Khleif

Education, Investing, Business

4.6 • 1.4K Ratings

🗓️ 22 January 2024

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Joseph, Founder and CEO of Neighbor.com, is reshaping the $400 billion self-storage industry through his innovative marketplace. With $65 million in funding from esteemed investors like Andreessen Horowitz, Fifth Wall, and key industry players such as Airbnb, Uber, StockX, and DoorDash, Joseph has propelled Neighbor to the forefront of the global storage market. His leadership has expanded Neighbor's user base to cover all 50 states, offering an unparalleled range of storage solutions. Prior to Neighbor, Joseph honed his skills at Bain & Company, Sorenson Capital, and in the office of the U.S. Senate Majority Leader. Beyond his professional successes, Joseph treasures moments with his wife and six children.

Here's some of the topics we covered:

Neighbor.com & How They Branched Out
The Inside Baseball of Neighbor.com
What The Office Space Can Do To Earn Income
How The Office Space Is Keeping The Lights On
Maximizing All Money Making Potential From a Property
What To Do With Extra Space In Multifamily Assets

To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com

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Transcript

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0:00.0	Welcome. This is the Lifetime Cash Flow through Real Estate Investing Podcast.
0:06.0	This is where you learn strategies to help you achieve lifetime financial freedom through real estate investment.
0:12.0	Your host Rod Cleef has owned over 2,000 homes in apartments.
0:17.0	And he brings experts in all aspects of real estate investment and management onto the show.
0:22.0	Now, here's your home. investment and
0:25.2	Now here's your host Rod Cleef.
0:27.0	Welcome to another edition of Lifetime Cash Flow through real estate investing.
0:30.2	I'm Rod Cleef and I'm thrilled that you're here and we've got kind of a unique conversation today unique guest today
0:36.8	His name's Joseph Woodbury and Joseph is the founder and CEO of neighbor.com which is a fascinating concept that I'm really excited to
0:44.8	share with you guys or have him share with you guys and I think you're really going
0:48.8	to enjoy the conversation. It's really about maximizing revenue and ROI on an investment and increasing your NOI on an investment.
0:57.0	So I think you'll get a lot of value.
0:59.0	Joseph, welcome to the show.
1:00.0	Yeah, thanks for having me.
1:02.0	Absolutely.
1:03.0	So why don't you give us a little background on you maybe to start and then talk about
1:08.5	neighbor, neighbor.com, great name.
1:10.8	Yeah, so I came out of the kind of private equity consulting world, worked for a private equity
1:18.0	shop here in Utah, and then for a consulting group called Bain and Company out in Texas.
1:23.7	And then we started neighbor with myself and two other co-founders.
1:28.5	Neighbors a peer-to-peer storage platform,
1:31.7	were the only storage provider in all 50 states at this point, but it started out as a very small concept where individuals could rent out space in their home or their garage, very air B&B style, and they could earn extra cash flow on the side.
	...

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