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Have a Spare Room? Try Renting It to a Grad Student

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Home Match is one of at least 39 organizations around the country that connect older homeowners with younger tenants, according to the National Shared Housing Resource Center, which provides a directory of them. There’s now even an online start-up called Nesterly that does this in Boston and Columbus, Ohio, with plans to expand into other cities.

The hosts typically set the rent amounts. Odd Couples Housing in St. Louis recommends a range of $350 to $500 a month; Nesterly, up to $700 a month in Boston and $500 a month in Columbus, with discounts for tenants who agree to help around the house. That company also charges a one-time matching fee of from $95 to $195, depending on the length of stay, and gets 2.5 percent of the rent in exchange for handling those payments.

Read the full story: https://www.aarp.org/home-family/friends-family/info-2019/home-sharing.html

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