That means Rent the Backyard works with a partner to build the apartment, finances the construction, lists the property, selects the tenant, collects the rent and serves as the landlord. In exchange for all that, it has an ownership stake in the unit and keeps 50% of the rent.
The startup also handles the permitting, which co-founder Spencer Burleigh said has become much easier with recent changes in California law. In fact, he pointed to stories about how these changes have led to skyrocketing applications (16 in 2016, 350 in 2018) to build “in-law” units in San Jose, which is where the startup is focused for now.
It’s not a parody, apparently: “You eat a coffee for lunch. You follow through on your follow through. Sleep deprivation is your drug of choice. You might be a doer. In doers we trust.” As Nick Mamatas says, “Back in the 1990s, this ad would be the result of billboard liberation.”
SabbaticalHomes.com is like Airbnb for academics looking to rent their homes during sabbaticals. Sounds genteel, but many states allow long-term guests to establish tenancy, often after 30 days. Mother Jones has an infuriating and cautionary tale about the homestay marketplace: the sharing economy can intersect with tenant rights, and the people who know how to […]
The 2015 UK Employment Tribunal case that determined that Uber drivers were employees means that Uber will have to give the UK government 16.67% of its drivers’ earnings for Value-Added Tax, going back four or more years (that would be £20M for 2015 alone); and the ruling will likely apply to Uber’s EU-wide rules (because […]
The average US household replaces their mattress about every seven years. So if it’s been more than that, or even a lot more than that, it might be time to invest in a new slumber HQ. And most sleep experts will tell you the right mattress really should be looked at as an investment. Because […]
If there’s any knock on most smartwatches, up to and including the industry-leading Apple Watch, it’s probably that the bands aren’t…well, they aren’t usually the greatest. While Apple is certainly making strides in the watchband game, most models are just as black, boring and nondescript as you’d expect from a tech company. And where many […]
For all their obvious similarities, language learning apps will often each take unique approaches to teaching a foreign tongue. Or, in the case of many services, a whole bunch of foreign tongues. While some providers give you access to training across overwhelming menus of more than 150 different languages, the people behind the Busuu Language […]