A California startup wants to build tiny homes in your backyard, rent them out, and give you an extra source of income of upwards of $500 a month.
United Dwelling partners with local communities and homeowners to transform unused backyard space and garages into affordable, 369-square-foot tiny homes. They would then be rented out for between $1,300 and $2,100 to a tenant vetted in part by the homeowner.
The company was founded by Steven Dietz, formerly of Upfront Ventures, which backed the likes of PetSmart and Ulta Beauty. United Dwelling just raised $10 million in a Series B funding round led by Alpha Edison with participation from Lightspeed Ventures, bringing its total funding amount to $12.2 million, according to Crunchbase.
The capital will in part be put towards the installation of more than 150 units in Southern California by the end of the year and 1,500 more by the end of 2021, as long as COVID-19 shutdown restrictions allow construction to move forward.
Here's what the tiny home looks like.
Read the original article on Business Insider
Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
SBI Life Q4 profit rises 4% to ₹811 crore
IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
Next Story