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offsign | 6 years ago

this.

anything that restricts or impedes what you can do with a home is a liability, not an asset. Up in SF, even partially tenant-occupied homes typically sell for a sizable discount.

(also doubt that ~10k/year is going to make waves in the target market -- Bay Area homeowners with a back yard big enough to make this viable.)

discuss

order

ygjb|6 years ago

It could be very meaningful to older retired or semi-retired folks who have fully paid for their home and are looking for additional income but don't want to sell their house and leave their neighborhood. AirBnB used folks in that situation here in Vancouver to great effect when pushing for support for short term rentals in the local market.

sburl|6 years ago

A lot of people we've talked to have been in this exact situation. Older folks who have lived in their home for a long time and watched the cost of living rise while remaining on a fixed income from something like Social Security. Our hope with Rent the Backyard is to help people like this remain in their homes and have a higher quality of life.