Many people find the decision to buy or rent very hard to make. In most cases, it feels as if the person is comparing the same things. Even when someone has an expert, the decision is relative to personal tastes and preferences. When it comes to bedroom rentals, the case is the same. However, two things make the decision unique. First, it is a relatively new phenomenon in real estate. Secondly, it is the trend. Many people are choosing minimalist and nomadic lifestyles. To a discerning tenant, renting a bedroom is an option that many cannot pass. Buying a house is an enormous decision that requires a sober mind. Some people don’t believe they are ready to make a buy decision; they want to rent.
How does it work? A property owner rents out his or her home to prospective tenants. If he has three bedrooms, he can rent it to three people. Tenants will be roommates. They will share common places such as the kitchen and living room. Property managers must manage the property and the tenants to ensure harmonious living conditions. They must also vet every tenant to ensure that roommates respect each other. The target group for this product is independent contractors, students, and co-founders. There are no limits though as to who can rent a bedroom.