“If you build them, they will rent.”
Monolithic’s President David B. South has been saying that since mid-2000 when the company first began planning the building of an experimental complex of dome rentals.
How the Rentals Work:
Monolithic’s rentals are classified as residence inns. They therefore operate under motel, hotel, or inn rules rather that apartment rules. This classification has some important advantages. For example, renters at a residence inn can pay their rents weekly. Unlike apartments, there is a smaller demand for rent and security fees, making it far more affordable and easier for the renter.