Nesterly operates a coliving marketplace that helps connect hosts and tenants. Nesterly often helps senior adult hosts earn extra income by hosting younger adult tenants in their home's extra space.
Nesterly hosts post their properties on the platform and create a personal profile so they can be matched with potential housemates. Interested tenants submit inquiries through the website portal based on either listings or housemate matches. Hosts can reply to and ultimately secure prospective coliving tenants. Hosts then use the Nesterly software and platform to collect rent payments.
Nesterly charges a commission each rent payment placed through the platform. According to most sources, the platform charges 2.5% of the value of the monthly lease. Nesterly also charges an upfront matching fee of ~$100-200 depending on the length of the lease.
Nesteerly generates most of its revenue from a marketplace commission paid by tenants on each rental payment to a host that uses the Silvernest platform. Nesterly also generates revenue from tenant matching fees.
Silvernest is privately held.