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 […]
So you missed Black Friday and Cyber Monday? Well, there’s one more holiday milestone coming up: Green Monday, on Dec. 16. It’s one of the busiest online shopping days for the simple reason that it will be 10 days before Christmas, which is when last-minute shoppers start to stress. Our advice? Don’t wait for that […]
Weighted blankets are officially a thing. And if you’ve ever tried one, you know there’s a reason for the fuss. Parents have known for generations that swaddling a baby has a profound calming effect, and the gentle pressure that blanket weights provide can have the same effect on restless sleepers. Pretty much all parts of […]
Walk through any office, and you will likely spot a few bobbleheads. These wobbly figurines are great fun to have around, although most celebrate people we will never meet. For something a little more personal, try Handmade Custom Bobbleheads. These mini caricatures are sculpted and painted by skilled artisans, based on any photo you provide. […]