When Three People Share A Room

Dear Splitwise,

What if more than 3 people are in a room? Your rent calculator does not have a setting for this.

Our apartment has two bedrooms. The first is a guest bedroom (113 sq ft) being shared by two people, with a guest bath that also has access to the living room. The master bedroom (124 square feet) is being shared by three people, and has its own “private” bathroom. There is a living room (126 sq ft) with a fireplace, a balcony, and a normal sized kitchen.

Thanks if you could help me decide what to charge for each of us 5 apartmentmates.

With gratitude,
Roommates à trois Continue reading When Three People Share A Room

Guests in bedrooms

I neglected to post a link here to my most recent Forbes article yesterday – the last in the three-part series on guests. In it, we consider the merits of cold mutton and show some data on the question of what is fair for people living in your guest room for a long period of time. Check it out!

How much to charge a couch crasher

Image by Venturist via Flickr
How long before you ask her to pitch-in?

Your friend asked on July Fourth if she could crash on your couch while she looked for an apartment. You didn’t mind her doing it and you didn’t ask her to pay anything. But now it’s August and she still hasn’t found a place. You don’t mind letting her stay for free, but your roommate is starting to get cranky and there’s nowhere else for her to go. You feel like if she chipped in towards the rent, that might help smooth things over, but when is long enough to start asking for a contribution? And how much money should you ask for?
Continue reading How much to charge a couch crasher

How the furniture calculator works

The new furniture calculator is an awesome tool for helping you move out of an old apartment. As we mentioned in the introductory post, the calculator takes three things into account:
  • The purchase price of the furniture
  • The change in condition/quality of the furniture
  • How long the furniture has been in use since it was bought
It uses this information to calculate the current value of the furniture so that you can sell it to your housemates, or split up furniture fairly when moving out.  But how does it work?

Continue reading How the furniture calculator works

Does it really work? Feedback on the Rent Calculator

Thanks to interest from readers and responders like you, I have had a lot more opportunity to check my original work and the calculator is holding up quite well under public scrutiny. Thanks to everyone who gave feedback or wrote notes of congratulations – it’s made this whole project really, really fun!

Right after launch, I started collecting voluntary feedback from people using the calculator. Originally, I simply asked people to rate the calculator on a 1-5 scale. Here are the results from the first 1,338 respondents (before I switched the feedback system to the present one, which is still collecting data).

Continue reading Does it really work? Feedback on the Rent Calculator

Survey results – Split the Rent accurate to within 10%

Fairness is a funny thing. One person’s fair is another person’s rip-off. So it is important for a rent-splitting calculator to jive with a broadly intuitive sense of fairness. It can’t just be what I think is fair – or what any one person thinks – or it won’t be useful.

In order to validate and calibrate the formula I used for the rent-share calculator on this blog, I did a rather in-depth survey on “apartment sharing fairness” with my friends. Here are the results – enjoy!

Continue reading Survey results – Split the Rent accurate to within 10%