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Question 1: For Arrived residents with enough equity, is there going to be an option to liquidate and "buy out" the property they live in? Question 2: What kin
by helen___keller 7y ago
Question 1: For Arrived residents with enough equity, is there going to be an option to liquidate and "buy out" the property they live in?
Question 2: What kind of stability can the residents expect? In particular, can the portfolio offer some stability in rents after moving into a property or do renters still have to worry about rents being jacked up x% a year ad infinity? Similarly, is there any risk of being not "renewed" on a lease (i.e. portfolio decided to liquidate the property)?
- fvryan 7y agoRe Q1: It's not a requirement of the model and the majority of our Residents are not planning on staying in the same property for more than 3 years. We can support buying out the property they live in if they wanted though. Re Q2: We include a fixed monthly rate for two years and a rental cap for future renewals in the lease agreement.