There are many reasons that a family or individual would choose not rent out spare bedrooms in their house. A homeowner might have a desire for more privacy, a fear of having bad tenants, or a need to keep a guest room free (perhaps because they have adult children who use them periodically).
But for many homeowners and empty-nest-ers, the primary reason there are spare bedrooms in their house is because they didn’t go to trouble of looking for renters.
The Ann Arbor Home Share program is looking to change that. It hooks up University of Michigan renters with local homeowners interested in finding tenants. This is a fantastic idea, because students and young professionals often face a scarcity of good housing resources, and homeowners can improve their retirement finances or keep their large houses with the help of the additional income. So many more cities could use this kind of forward-thinking leadership.
We have heard from people using Splitwise that our site is great for this managing and organizing this sort of arrangement. One user wrote to us recently:
“I have been using your system for about a month and love it! I am leasing rooms in the house I own…”
Non-traditional as it may be, we’re so happy to see Splitwise helps makes it easier for people to share space and live in rental harmony together.