Robert Vernon | Broker CAM
(305) 606-9539
robert@miamiwaterfrontproperties.com
Thania Vernon | Broker CAM
(305) 582-3761
thania@miamiwaterfrontproperties.com

Startup Rent the Backyard Is Here to Make You Some Money and Solve the Affordability Issue  Startup Rent the Backyard Is Here to Make You Some Money and Solve the Affordability Issue


Startup Rent the Backyard Is Here to Make You Some Money and Solve the Affordability Issue

Written By: Jaymi Naciri
Tuesday, August 27, 2019

Wouldnrsquo;t you love a backyard that actually did something? How about one that can make money for you? Thatrsquo;s the idea behind Rent the Backyard. Or, part of the idea anyway. The other, much more important part is how this new company can help address a lack of affordability in the real estate market, especially since the company is located in the Bay Area, home to some of the most expensive real estate in the world.nbsp;

Herersquo;s the deal.nbsp;

Rent the Backyard partners with companies to build prefab studio homes for free on unused land. Specifically, your unused land. If you have at least a 30-by-30 space to spare and you live in the Bay Area, you could be a candidate.nbsp;

ldquo;Theyrsquo;re partnering with companies likenbsp;NODE, who make sustainable, carbon-neutral homes that can be installed in just a few days,rdquo; said Dwell. ldquo;Utilities will hook up to the propertys principal dwelling, and theyll be metered and reimbursed. Participants can expect to add roughly 10k to their annual income dependent on the going rate for a studio apartment in your city, and cities will get new affordable housing in previously unused space.rdquo;nbsp;

About that ldquo;for freerdquo; part

Yes, therersquo;s no upfront cost to customers. No. Upfront. Cost.nbsp;

And once the prefab studio apartment is built and rentedmdash;They also find tenant to rent the unitmdash;the company splits the profits with you. Sure, you could go out and build your own tiny house, but are you really game for that? Think of all the hassle. Just the thought of dealing with permits makes us want to run. Did we mention that Rent the Backyard takes care of all the permits, too?

Rent the Backyard estimates that homeowners can make between 10,000ndash;20,000 in added income per year with a unit in their backyard, depending on the unit, the location of the home, and a few other factors.nbsp;

The one downside: Itrsquo;s only happening in the Bay Area. Co-founder Spencer Burleigh told us they are ldquo;really focused on the Bay Area right now and have no immediate plans to expand beyond the Bay Area.rdquo;nbsp;

nbsp;





Copyright© 2019 Realty Times®. All Rights Reserved
Search in English Search in Spanish Search in French Search in Italian Search in Portuguese Search in German Search in Russian Search in Chinese
The Sands of Key Biscayne
The Ritz-Grand Bay Residences
Key Biscayne FL
Marketing Services
Updated: Sunday, October 20, 2019

5 Bathroom Ideas for Your New ...
Naught the Pedestal SinkYou should replace the normal and boring sink with a modern...

Fall Renovations to Try and Wh...
Here are a few good renovations to make this fall. Come spring, yoursquo;ll be glad you acco...

Copyright ©2019Realty Times®. All Rights Reserved

650 Curtiswood
Check us out in KEY BISCAYNE MAGAZINE  Remarkable Key Biscayne home. Completely...

Spring Home Checklist
https://www.floridarealtors.org/FLRealtorMagazine/upload/ShareThis_Oct.pdf  

Latitude on the River
As we finish the second month of 2018, I am sensing an uptick in activity around the Brickell...

Happy Memorial Day Weekend
http://miamiwaterfrontproperties.bmeurl.co/702F9C5

Weekly News for month of April
Interest rates are coming down. Now is a great time to buy. Inventory is increasing thereby...

The Lofts Downtown Miami
Two bedroom, two bath loft style corner unit in the heart of downtown Miami. Urbanized living...

Real Estate Resource Center
Client Login
New Listing Email Alerts