The constant re-shuffling is worth the price, he said, adding that the program has allowed him to explore several neighborhoods in the city while he looks for a permanent home. When he first started using the service, he said he moved in on a Monday and received a bump notification that Thursday. On average, he said he's "bumped" to a new apartment every two weeks. Ulysses, a personal mortgage advisor who requested to only use his first name, has been renting apartments in Salt Lake City on "standby" since January. All units are fully-furnished and move-in ready with workspaces, Wifi, and utilities all set up. "If they cancel because there are no options that fit their needs when they're bumped, we will waive their 30-day commitment."Ī Landing apartment. "If they've been bumped from a home and there are no other available apartments in their city, Standby members have the option of moving to another apartment in a different city within Landing's network, pausing their Standby membership at no cost until a home in their desired city becomes available, or canceling their membership altogether," Landing CEO Bill Smith told Insider in a statement. If that happens, however, you can transfer to any available Landing apartment at no additional cost - but it's not guaranteed it'll be in the same city. That means if standard members want your apartment, you could be kicked out with as little as three days' notice. Any listing rented by a "standby" member will remain open for customers who pay for its standard membership, which costs $199 annually in addition to the rental cost of the apartment they select. The company markets itself as an affordable alternative to Airbnbs, hotels, and even the median US rent, which is roughly $1,937, according to an estimate by .īut there's a catch. "Standby" members pay a flat $1,295 monthly fee to access 20,000 fully-furnished apartments across more than 375 cities, with the exception of New York and California. Account icon An icon in the shape of a person's head and shoulders.
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