There are an increasing number of Americans who would like to stay in their own homes as they age and avoid living in an institutional nursing home for as long as possible. One interesting thing people are doing involves turning their houses into home-sharing operations or simply renting extra rooms they might have out to other senior citizens. “Home-sharing programs — often managed by nonprofits — match older homeowners (sometimes empty nesters) who could use extra income with older local people looking for a reduced rent, usually in exchange for helping around the house.” These types of operations can be a win-win for both the people wanting to keep their homes and those who are looking to save on rent. There is a lot of potential in these types of home-sharing operations and more businesses will likely get involved.
See Chris Farrell, How You Can Get In On The Home-Sharing Economy, Forbes, March 16, 2016.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.
