Co-Rooming is a Thing

Rather than a rented house, how about a house full of rented rooms? It’s like the old boarding house concept, but is now being done in regular neighborhood homes. It’s even now a search criteria on Zillow.

With rising rental prices and people willing to pay just for a room where they sleep and shared access to a kitchen and bathrooms, this is becoming a viable and profitable business model. In some expensive cities, there are sometimes two people to a room and in New York City, they even have “hot beds” where two people with different work schedules sleep in the same bed. 

Today’s version of co-rooming or coliving comes with management software options and online resources for homeowners. Learn the ropes and this could dramatically improve your cash flow and ROI on rental properties.

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