Roomrs is an operator of coliving housing. Roomrs helps coliving hosts convert units into coliving spaces and then market and manage their shared spaces. Roomrs focuses on adding smart home features to the units they help convert into coliving.
Property owner hosts sign up for Roomrs, and Roomrs handles marketing services, such as posting on listing sites and pricing units, as well as property management services when a tenant is secured, such as rent collection, customer support, and maintenance.
According to most sources, Roomrs charges a management fee to hosts for occupied units or captures a premium on rent over a predetermined lease price. Rental prices for Roomr's managed units vary significantly by market and availability.
Roomrs likely generates most of its revenue from management fees or premiums on rent over predetermined lease prices.
Roomrs is privately held.