|RE:||<– Date –> <– Thread –>|
|From: Rob Sandelin (floriferousemail.msn.com)|
|Date: Sat, 25 Sep 1999 09:21:28 -0600 (MDT)|
Its probably much easier to do rentals in the lot development model than in the capital project model. At Sharingwood we have eight rental families now. This means 8 of the 16 built homes have small to medium sized apartments in them, usually in the basement, but a couple are over garages. This allows renters to be a part of our community and also helps owners cover their mortgage payments. Rob Sandelin Northwest Intentional Communties Association Building a better society, one neighborhood at a time > -----Original Message----- > From: cohousing-l [at] freedom.mtn.org [mailto:cohousing-l [at] > freedom.mtn.org]On > Behalf Of Tom Pendleton > Sent: Thursday, September 23, 1999 9:54 PM > To: Multiple recipients of list > Subject: Re: [renting in cohousing] > > > I've got an unusual situation, perhaps, which will result in my > renting out my > unit (in Takoma Village, DC - occupancy probably in June). I run bicycle > tours, which take me away well over half the time, often in big > chunks (like > during the entire summer). TVC is looking forward to having my > one-bedroom > unit available as a rental during these times. So rentals are not at all > out-of-the-question. > - Tom > > > Denise Meier &/or Michael Jacob <dmmj [at] ncal.verio.com> wrote: > I clearly remember one time, when we were in the depths of financing > difficulties, price increases, construction uncertainties, and feeling > exhausted by the process and worried that my family might lose our whole > investment (OK, it was ONLY money, but it was a LOT of money), some > interested person called me to ask if there were going to be any > rentals, and when I said no, not immediately, anyway, got really huffy > about home ownership and exclusiveness, etc, etc, etc. And I got huffy > back, and said i couldn't see why anyone would go through what my > husband and I were going through to get this damn thing built in order > to own investment property and rent it out to someone else, and that the > cost of building just our own units was so high that no one wanted to > speculate extra cash in order to jointly provide some rental units. > > I wish it were otherwise, but with California land prices, and with the > model we used (self-developed), it would be difficult to find someone > willing to go through this in order to provide rental property for > someone else...(can you tell i'm still burnt out and angry at how hard > this turned out to be?) > > Denise Meier > Two Acre Wood > Sebastopol, CAlifornia > > PS By the way we are all in, finally, as of two weeks ago, and looking > forward to a whopping housewarming party this saturday. (9/25) Anyone in > the area is more than welcome to attend! 1-5 pm. > Email me for directions. > > > > > ____________________________________________________________________ > Get your own FREE, personal Netscape WebMail account today at http://webmail.netscape.com.
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