The Co-Owner Guide
Everything you need to know about the Rhome co-ownership experience, from your first search to your first swap.
1. Finding Your Home
Start by browsing available properties on the Rhome platform. Our listings come from the open market. Any property that meets Rhome's eligibility criteria (structural quality, location, long-term value potential) can be onboarded. Save properties you like and share them with your group or your Rhome agent.
2. Building Your Group
Form a group with friends, a partner, or people you already live with. Each group member goes through a light screening process, no hard credit pulls. If you don't have a full group, Rhome's matching marketplace connects pre-approved members who are looking for compatible co-owners.
3. Pre-Qualification & Offer
Once your group is formed and everyone is pre-approved, you'll be assigned a Rhome agent who helps you tour properties and submit offers. The transaction process is similar to a standard home purchase. Rhome handles the coordination with lenders, inspectors, and title companies.
4. The Trust Structure
At closing, the home is placed in an individual trust with Rhome as trustee. Each co-owner becomes a beneficiary with a defined equity stake based on their bedroom's square footage and amenities. The trust provides legal governance, estate planning benefits, and clear rules for the co-ownership arrangement.
5. Monthly Payments
Each month, you pay your share of the mortgage, property taxes, and homeowner's insurance, plus the $95 Rhome asset management fee and your repair reserve contribution. Your share is determined by your bedroom's percentage of the home. All payments are made through the Rhome platform.
6. Protections
Co-owner default protection ensures that if another co-owner misses a payment, your credit and equity are not affected. The repair reserve fund covers non-insurance repairs. Just submit a request through the concierge. Rhome manages governance, so there's no roommate voting or conflict resolution needed.
7. Living in Your Rhome
Each co-owner has their own private bedroom and access to shared living spaces. Rhome handles property management and major decisions. For routine maintenance, you can optionally add a maintenance package (approximately $10–20/month) where Rhome sends someone to handle tasks like filter changes and seasonal upkeep.
8. Moving On
After your 12-month initial period, you have two options: sell your share and cash out your equity, or swap to another property in the Rhome network. Swaps happen quarterly (Jan, Apr, Jul, Oct) and cost $500, waived if you're the last to complete a swap chain. Your equity moves with you.
Ready to start?
Browse homes, form your group, and begin building equity today.