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by sburl
2532 days ago
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Hi there - my name is Spencer and I'm one of the co-founders of Rent the Backyard. We're very much focused not taking the Uber approach. We're working within the context of a set of laws California has passed over the last several years that establish and regulate what the state calls "accessory dwelling units" aka ADU. We're initially focused on building in cities like San Jose that have factored the sustainable and conscious development of ADU into their thoughts on how to combat the housing crisis they face. 4300 ADU were permitted and built last year in California with hundreds of these units being built in the Bay Area (https://www.sfchronicle.com/bayarea/article/Are-accessory-dw...). We're really conscious of the impact we'll have on the neighborhoods we operate in and are committed to working with everyone involved to make the process of installation and ongoing housing have a minimal impact. Our studio apartments are almost completely built when they arrive in your backyard and require very minimal (a few weeks if not days) to bolt together and be ready to go. We're excited to see California have strong laws to protect neighbor's privacy and rights as well and will go beyond what is required by those laws when it's the right thing to do. |
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The California market might be suitable for this, but that market is unique in many ways. I wonder how this can scale beyond CA (perhaps that market is big enough...).
Given the alternatives to unaffordable housing, I see the appeal. But as other commenters have noted, this need exists because of a very warped localized economic situation. The real problem may not be solved, but eventually there will be some shake out (such as vast numbers of people deciding it's not worth living there) that will help to normalize things. When that day comes, your business model will be less relevant.
Cheers and good luck.