Questions?
How much does it cost?
1 bedrooms start around $2100 all-included, 2 bedrooms start around $2400 all-included, 3 bedrooms start around $2500 all-included, and 4 bedrooms start around $2900 all-including equity and all utilities.
What do I need to qualify for TiniBnB
We look for income >3x annual rent, and credit over 600. What type of homes will TiniBnB buy? TiniBnB will put offers on homes within the Greater Las Vegas Metro Area that are built after 1980, not in need of any renovations, and that have a list price under $500k. This includes single family residences, condos, apartments, and townhomes.
What if I don't think I'll be eligible?
Reach out! Sometimes we can offer alternative ways to qualify, such as a one-time pre-payment of rent, or using a cosigner. You can reach us at hello@tinibnb.com or drop a message below. What cities is TiniBnB available in? Currently, TiniBnB is only available in Las Vegas NV, Los Angeles CA, San Diego CA. To request our next city, send us a message.
What if I don't want to pay security deposit insurance?
If you prefer, you can provide a traditional security deposit equivalent to one monthly payment.
What happens if my property value decreases?
Like whole-home owners, if your property value falls, you'll need to hold it longer to see a return. Unlike whole-home owners, you can move out of your home and hold onto your equity! Am I responsible for maintenance of my TiniBnB home? Nope! We aim to make owning just as easy as renting. Roots covers all maintenance. Are you looking for maintenance support? Reach out to your concierge or email hello@tinibnb.com
What % of rent payments go towards building equity?
By default, 10% of monthly payments build equity. You can set up one-time or recurring additional equity payments if you'd like to grow your ownership faster. Can I build equity in multiple TiniBnB properties? You sure can! When you move out of one home, you can hold onto your equity, and when you move into your next Roots home, you can build equity there, too!
Is this a classic rent-to-own model?
No. Classic Rent-to-own models require a downpayment and often demand a 3+ year commitment. And, if you decide not to buy the whole-home, you don't benefit from owning any of it. TiniBnB is flexible homeownership, and tbh, it's way better than rent-to-own. How long are TiniBnB leases? Leases have 12-month terms and can be renewed annually. There is no cap on the number of times you can renew.
Why is TiniBnB better than classic rent-to-own?
Because you have the freedom to move at any time, and if you want to, you can keep your equity when you move out. Imagine living in a new home every 2-3 years, and retaining ownership in each! With TiniBnB, you can!
Eventually, I might want to buy the whole home. How does that work?
TiniBnB homes come with an option to purchase, and you can execute your option anytime! What will I pay if I want to buy the whole home? TiniBnB uses the 30-year historic year-over-year appreciation trend to price the sale of whole homes, which is currently at 4%. You can buy your home from us at the purchase price plus 4% annually. Do I need to wait until the end of my lease term to buy the home? Nope! You can buy the home at any time.