One very progressive concept some landlords across the nation have committed to is community gardens run by and for the tenants. One of the dreams behind home ownership these days is the satisfaction of growing your own vegetables. As a landlord, you can help tenants who are far from the goal of home ownership find some satisfaction by installing some raised beds for participating tenants to use as a community garden.
The only effort you technically need to put forth is arranging the agreement of this co-op and installing the raised beds. The tenant do the rest.
A garden might seem like a lot of work and a waste of time to some tenants, but to others it’s a solid amenity. Often, they are willing to pay for this amenity. It’s up to you if you want to simply provide the entire rental community with access to the community garden or if you’d rather rent out plots in the garden itself.
If you choose to rent out areas of the community garden, you can start by creating 4 foot by 4 foot squares of raised beds. Tenants can sign rental agreements and pay by the raised bed each month.
It’s a cool way to help offset grocery costs for your tenants, raise their spirits and attract new tenants too!
Are You Looking for a Hard Money Loan to Flip a House Or Buy A Rental Property?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.
Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.