You can start a home roommate matching service business with negligible investment. It is worth noting in this regard that anyone who lives in the US in a city can join the bandwagon and can earn some good money. What you need is a bit of preparation and thought, and also some business sense to succeed.

The scope of revenue generation and market opportunities for roommate matching services is great! In fact, the increase in rents has far outpaced the wage increases. Therefore, there is an urgent need for a process to reduce housing costs. Since expensive condos are made up of apartment complexes, the problem is fast becoming something of a headache for most Americans, who are on limited budgets.

Woman power:

According to experts, this type of living arrangement is here to stay, especially for apartment dwellers, due to its money-saving nature. In fact, this is a perfect business for absentee owners. For example, a lot of people who operate on the West Coast have a woman doing all the back office work. This is due to the nature of the home roommate matching service business. There is no denying the fact that most people seem to generally trust a woman to find the right roommate for them.

Fee structure:

Speaking of the fee structure, the expert suggests something similar to the fee structure of successful employment agencies. They charge everyone a $20 registration fee up front for finding them a perfect roommate. They then take a Polaroid snapshot of each individual who has checked in. Then, give them the application form, which will describe their choice regarding the type of roommate they want.

To get started, you’ll need a bank reference, legal reference, phone number, company name, letterhead, and business cards. In addition, you will need office supplies such as a typewriter, filing cabinet, and most importantly, a printed questionnaire request form. The disclaimer is also very important in this regard. May be combined with applicant’s installment agreement contract. Once you are done with the roommate search for your client, it is important that you make it official through an agreement that they will pay you 20% to 25% of the first months rent. It is worth mentioning in this regard that you can charge a little more for individual requirements and perhaps a little less, especially for the elderly and disabled.

There are many small business consultants available online who can help you start a roommate matching service business and run the business successfully.