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 […]
If your office works at all, it uses Microsoft Office. Those icons for Word, PowerPoint, and Outlook are as familiar around some workplaces as the coffee machine. So familiar, in fact, that they get taken for granted – and rarely used to their full potential. Whether you need a crash course in the essential tools […]
It’s a great time to be a maker. 3D printers are on store shelves for anyone to buy, and coder kits like Arduino and Raspberry Pi are letting kids as young as 9 or 10 dive into the Internet of Things. Here are a few examples of our favorite tech toys, all priced low enough […]
Want to make a hit? The right software is out there for anyone, but any music producer will tell you that finding the right sound can still take time and talent. Still, the right tools are a great shortcut, which makes this Synth & Sound Pack Bundle absolutely priceless. And now that it’s on sale […]