STANDBY LIVING: Who says there’s no innovation in the residential real estate business? Standby living arrangements is a new residential offering from Landing, a subscription-based nationwide rental network of furnished apartments. Members pay $199 annually for access to rent one of over 20,000 apartments in more than 375 cities. Rent is month-to-month, and rental lengths range from one month to six. Renters can leave with just two weeks’ notice. The rent is much cheaper, usually around half of a typical lease, but the catch is renters may be asked to leave in just three days. I am sure there is a market for this, but I just can’t believe it is that big, but we will see.
A new residential rental option seems intriguing
By Thomas K. Brown,
STANDBY LIVING: Who says there’s no innovation in the residential real estate business? Standby living arrangements is a new residential offering from Landing, a subscription-based nationwide rental network of furnished apartments. Members pay $199 annually for access to rent one of over 20,000 apartments in more than 375 cities. Rent is month-to-month, and rental lengths range from one month to six. Renters can leave with just two weeks’ notice. The rent is much cheaper, usually around half of a typical lease, but the catch is renters may be asked to leave in just three days. I am sure there is a market for this, but I just can’t believe it is that big, but we will see.