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Recent State of California legislation focused on creating more affordable housing options has significantly reduced many of the barriers that prevented homeowners from being able to construct rental units known as accessory dwelling units (ADUs) on their property.
Significant demand exists for these rental units and adding an ADU to a homeowner’s property can create both an attractive long-term income stream as well as significant increases to home value.
Even with relaxed regulations, the process of planning, constructing and financing an ADU is difficult and expensive. Homeowners must interview and select architects, contractors and designers as well as navigate the specific planning, zoning and building requirements of their particular city. This process often takes more than 6 months before construction even begins…
The costs of building an ADU are significant, typically costing hundreds of thousands of dollars. Apart from HELOC’s (which can often take months of effort to secure even if you have significant equity in your home), there are few financing options available.
Identifying, screening and managing tenants can be time intensive and challenging. Further still, there are a host of complex laws regulating tenant rights that landlords need to understand and comply with.
Casita’s exclusive Instant Landlord© solution makes it easy for homeowners to quickly build an attractive rental unit in their backyard that will immediately begin producing consistent monthly cash flow as well as significantly increase the value of their home. The best part is that it costs the homeowner nothing!
THE CASITA SOLUTION
HOW IT WORKS
CASITA has developed an innovative partnership structure that creates a win-win relationship with homeowners. Here’s how it works in a nutshell: