HomeRoom is a real estate investing platform that connects rental property investors with renters seeking affordable housing. The company's innovative approach involves renting out individual rooms in a single-family home separately, enabling investors to generate higher rental yields of up to 50% more than traditional rental models. HomeRoom streamlines the process for out-of-state investors by identifying suitable properties, setting them up according to their specifications, and managing the rental process through its marketplace platform.
HomeRoom's technology leverages advanced analytics to source properties that meet specific criteria, ensuring optimal returns for investors. The company's target properties typically have more bedrooms than average, allowing for higher density living arrangements. HomeRoom then lists these properties on its platform, where prospective tenants can explore 3D virtual tours, view roommate profiles, and seamlessly apply for available rooms.
The company's business model revolves around facilitating this match between investors seeking a turnkey, high-yield experience and renters seeking modern yet affordable housing options. By splitting the rental income from a single property across multiple tenants, HomeRoom enables investors to realize significantly higher returns compared to traditional single-family rentals. Additionally, renters benefit from paying substantially lower rents, typically 50-60% less than studio apartment rates in the same neighborhood.
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