WeHomeowners is a social networking and on-demand service sharing portal site of homeowners, by homeowners and for homeowners.
Our immediate mission is to help homeowners with various methods to generate cash or monthly cash flows through sharing home equity, cash flow responsibilities, renting out seldom occupied rooms, selling, renting or swapping under-utilized and unwanted household items, pooled car rides, … etc. under the new concept of collaborative consumption or a new sharing economy in local neighborhoods. The inaugural methods we would like to focus on are:
1. Rent-a-room Home Sharing Service to help homeowners derive more monthly income as a landlord. The service is meant for longer term home sharing rather than a short term hotel or bed & breakfast type of commercial services.
2. FARJHO Equity Sharing Service via http://FARJHO.com. FARJHO stands for Flexible And Reversible Joint Home Ownership. It is a new way to share partial home equity with other joint property investors on a flexible and eventually reversible basis. This service will be provided by WeHomeowners’ home equity crowdfunding affiliate FARJHO.com at http://farjho.com for a fee.
3. SwapRent Cash Flow Sharing Service via http://SwapRent.com. SwapRent is a new way for homeowners to share a portion of the appreciation rights and depreciation loss obligations with an arms-length third party investor though letting the investor carry a portion of the monthly cash flow responsibility such as the monthly mortgage payments. Due to its relative complexity, the service offering date will only be announced in the near future.
In addition, WeHomeowners also provide the following functions for free to its users.
1. It helps members of HOAs (Home Owners Associations) throughout the country with a free account for communicating with their home owner associations.
2. It acts as a bulletin board to assist homeowners with local community neighborhood service, crime watch and local school issues, etc.
3. It helps local governments disseminate information to local citizens.
4. It also helps homeowners in two way communications to report their local neighborhood issues with local governments of their own towns, cities, counties or states.