Nesterly

Nesterly operates a homesharing platform that connects homeowners with spare rooms to individuals seeking long-term, affordable accommodation. The model primarily serves two demographics: older homeowners who wish to age in place and younger individuals or students looking for affordable housing options.

The platform's business model is centered on facilitating these matches. It generates revenue by charging a service fee for the services it provides, which include user verification, background checks, and the management of secure, automated rental payments. A key feature of the service is the option for renters to provide household help in exchange for a reduced monthly rent, creating a mutually beneficial arrangement for both parties. This intergenerational model aims to alleviate financial burdens while also fostering community and reducing loneliness.

The market for Nesterly is substantial, tapping into the millions of unoccupied bedrooms in the U.S. and the increasing demand for affordable housing solutions. The company provides the necessary infrastructure for these arrangements, including lease agreements and a system for contact-free communication through in-app messaging and video calls.

Keywords: homesharing, intergenerational housing, affordable housing, aging in place, coliving, rental platform, shared housing, senior housing, background checks, long-term rentals