Re: Buying Cohousing Homes to rent out for secure tenancies?
From: Fred-List manager (fholsoncohousing.org)
Date: Mon, 17 Feb 2020 03:36:33 -0800 (PST)
Fiona Frank <fionafrank [at] gmail.com>
is the author of the message below.  It was posted by
Fred, the Cohousing-L list manager <fholson [at] cohousing.org>
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Thanks Sharon for your response - our renters have always been great as
contributors to the community, they tend to be younger with more energy!
However what I'm asking on this list is if any other cohousing projects
manage their own rentals as I'd really like to get some ideas of financial
and management models that are already tried and tested... anyone out
there? thanks, Fiona

Date: Fri, 14 Feb 2020 10:32:05 -0500
> From: Sharon Villines <sharon [at] sharonvillines.com>
>
>   We don't have a community rental unit but have had lots of renters.
> Their place in the community is entirely determined by how much they
> participate. Most become like regular members. The only time there would be
> any kind of exclusion would be around an issue that only related to
> ownership? something legal with consequences. Even then, they would
> participate in the discussion, particularly if they had some knowledge
> about the specific issue.
>
> From our experience with renters, I would say go for it. Fears about power
> struggles are unwarranted in respect to renters. As with owners, if they
> fully understand what the place is all about, they choose to live here and
> participate.
>


> > On Feb 14, 2020, at 3:34 AM, Fiona Frank <fionafrank [at] gmail.com> wrote:
>
> > A group of members are looking at buying a home to rent out to allow for
> > secure tenancies to encourage younger people to live here for longer. We
> > want to do this by lending money to the community and getting the
> community
> > to buy the home.
> > Lots of issues to deal with including unequal power (lenders vs renters),
> > concerns by non lenders about risk, etc.



> Does anyone else do this anywhere or have any models we could look at rather
> than completely reinventing the wheel? Love and thanks Fiona in U.K.
>
>
>

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