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

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Boston Property Owners Raise Alarms About Cost Of Electric-Building Push

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Equinix Ramps Up Spending Plans Amid Faster-Than-Expected AI Shift