INSUBCONTINENT EXCLUSIVE:
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
building these units, so by providing the financing, Rent the Backyard can unlock new income and make home ownership more affordable
much rental income you might earn, and it says that most owners will be able to make more than $10,000 of additional income each year.Over
time, Rent the Backyard will give the homeowner an increasing share of equity in the apartment, until they own it completely after 30 years
the actual building could take as little as a week and a half.
