Creating a Provider Profile with Open Up on Silivernest

Follow these easy steps to create a great profile, do good for a neighbor, and earn an extra $600/month.

Setup Profile

You can go to Silvernest at any time to get started on creating your profile by clicking this link: https://info.silvernest.com/open-up

How Do I Decide on a Price for the Space I’m Renting Out?

When you work with Open Up, you do so because you want to help working adults have an affordable place to live. For the people Open Up serves, that amount in monthly rent plus utilities is between $600 and $925. The lower you price your room, the more people are able to access it.

By using the Silvernest payment platform to collect rent every month, Silvernest will charge you 5% of the fee collected. So if you charge your housemate $600 per month, Silvernest will collect $600 from your housemate, keep $30, and deposit $570 into your account automatically.

Opening your home to homesharing is a way to give back to your community while earning extra income, getting to know someone new, and enjoying the benefits that come with having another person around the house.

What Is the Insurance Coverage Included through the Payment Platform?

Silvernest has partnered with Next Generation Service Group to provide insurance under its Renters Protection Plan, underwritten by Markel American Insurance Company. See here for more info: https://rentersprotectionplan.com/terms-of-use.

Advantages of the coverage offered by Silvernest:

  • There is no separate application process—users are automatically enrolled.
  • There is no deductible—it’s free to make a claim.
  • In cases of damage to the home, the Silvernest policy provides coverage before a user’s homeowner’s insurance plan.

The policy provides:

  • Protection for the renter’s belongings from accidental damage up to $10,000.
  • Liability protection for the renter from causing accidental damage to the home, up to $100,000.

How it works:

  • Enrollment information is collected as users fill out their Silvernest profile.
  • The information is sent to the insurance company after two Silvernest users match and link their debit or credit accounts to send/receive rent payments.
  • The insurance coverage kicks in on the day the first rent payment is processed through Silvernest.
  • Users receive an email confirming their enrollment. Once enrolled, users can file a claim by visiting www.RentersProtectionClaim.com.

Should I Request a Background Screen?

Yes! The Silvernest platform provides you the ability to request that a potential housemate complete a background screen. Open Up covers the cost of the background screen for many of our clients.

What Kind of Photos Should I Take?

Photos are extremely important in showing potential housemates what the space you are sharing looks like. Take photos showing every space that a housemate will have access to including bedroom, bathroom, kitchen, and shared living areas. Also take photos of the outside of the home, yard areas, and any community features like trails or pools. Don’t forget to use lots of light in your photos. Open the curtains and turn on the lights.

Can I Provide Reduced Rent in Exchange for Chores?

Yes, you can. While filling out your Silvernest profile, you will be asked if you provide reduced rent in exchange for chores. Similarly, potential housemates are asked if they are willing to do chores for reduced rent. Silvernest will provide potential matches for you based on your answers! We also encourage you to list out the tasks you would like done in exchange for lower rent. You always have the opportunity to talk through specifics as you communicate with potential matches, but the more specific you are in your profile, the more likely you are to get great potential matches for you.

How Do I Connect with Potential Housemates from Open Up?

Once you create a profile on the Silvernest platform, you can match with anyone you would like to on that platform. We want you to get the best possible housemate for your specific needs! We also know that you likely came to Open Up because you want to do good for your neighbors. By filling out this form, we will know to direct our clients to your profile to give you the chance to meet each other.

Do you need more assistance?

If you need more assistance, feel free to contact us at info@letsopenup.org or schedule a 15 minute phone with our staff by using this link.

Connect with Potential Housemates

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Let’s get started!

Create your Silvernest profile and start seeing potential matches immediately!
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