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 […]
Now that the latest iPhones have embraced the wireless charging revolution, there’s really no excuse for not having a wireless charger of your own. But even the best wireless chargers don’t allow users to use their phones while they’re being powered up. This Suction Powered Wireless Charger breaks that rule by allowing you to comfortably […]
You no longer need to invest vast quantities of your time and money in order to take advantage of everything that graphic design can do for your brand or business. Design Wizard Pro allows you to quickly create pro-level image designs in minutes, and a lifetime subscription is currently available for over 90% off its […]
The Nintendo Switch is an undeniably awesome gadget, pairing old-school gaming styles with modern-day graphics and functionality for a new generation of gamers. The only complaint people seem to have is that its controllers are somewhat lacking, which is why more and more Switch-enthusiasts are picking up this Gbros. Wireless Adapter that lets you play […]