App Aims To Help Millennials Cope With High Rents

What's the old saying? Necessity is the mother of apps. Roomi founder and CEO Ajay Yadav tells us that his app Roomi, which is now coming to Boston, strives to meet a need created by the market's achingly high rents.

The app is for those seeking to rent out empty rooms as well as those searching for a place to hang their hat. Upon registration or placing a listing, users answer personality and lifestyle questions, as well as the more standard location and price range inquiries.

“With a large and growing undergraduate, graduate and young working population in Boston in need of rental housing, the high demand for rental units is driving up prices, making solo living a non-option for many renters,” Ajay tells us.

Roomi is able to translate answers to the questions into a detailed profile, allowing users to search for housing and housemates who meet their needs and preferences. Ajay expects Millennials to be the main users, but the tightness of the Boston rental market means that “shared living is also an option for people of varying ages,” Ajay adds.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Why Hines Is Restarting Its Development Engine

How Integrated Infrastructure Can Help AI Data Centers Deploy Faster, Build Smarter

Nvidia Buys Stake In Data Center Power Company

Invesco Cuts Fees, Adds Incentives To Quell Fund Redemption Requests

Investors Anchor Big Capital Into Marinas, Betting On Shallow Supply

Developers Line Up To Convert Boston Offices To Housing, But Most Still Stuck At Starting Gate

Nike Closes 15 Stores Amid Tumultuous Year

Large Commercial Real Estate Sales Up 30% Despite Economic Headwinds

Evergrande Founder Sentenced To Life, 56 Others Sent To Prison In China

Loud And Clear: Why Aiphone Thinks Intercom Ownership Is Best For Multitenant Buildings

The Fast-Food Exec Taking Her Real Estate Talents To The Looksmaxxing Era

Republicans, Democrats Backing Away From Data Centers Amid Rising Backlash