Renting Bliss

I have a few friends who have tenants on their property and from what I hear it is neither easy work nor easy money. They have decades of experience along with a fair share of war-stories. That said, it is still good income so people persist despite the challenges. Was reading about a start-up idea around building and renting homes in people's backyards.

It sounds a little too dreamy for all concerned. The homeowner just sits around and collects monies. When you hear of a scheme like that you really need to think really hard. There is the presumption that the presence of this pre-fab appendage in the backyard will not hurt the home value in anyway and when time comes the home-owner could just sell and move on with their life. Because if that does not happen they will need to pay.  Home owners associations might have their thoughts on such enterprise rooting on their turf.

There is also the blissful assumption that such close proximity renting arrangements will work out for the home-owner and not create any undue burden. And finally, this whole thing can  scale magically across diverse neighborhoods, sub-divisions and counties with their myriad permit requirements  the point it makes sense as a business. As the author points out

To be clear, Rent the Backyard hasn’t actually built any apartments yet, but it’s already signed up construction partners, and the goal is to get 10 units permitted and ready for construction by the end of the summer.