All paying individuals living in the same home signed up with Poplar Street will each get 20% credit of their pro rata portion of the rent.
For example, if you are one of three roommates, living in a $3,000 home and splitting the rent evenly $1,000 a piece, each of you would personally build up $200 in Poplar Home Savings monthly, and say, 36 months into your lease, you decide it’s time for you to individually purchase a home on your own , your Poplar Home Savings could be as much as $7,200 depending on the final home purchase price. Or, say, 36 months into your lease, you’re getting married to your roommate (congratulations!), and decide to buy that new family home together, you can pool your Poplar Home Savings, which could combine for as much as $14,400 depending on the final home purchase price. There’s lots of beneficial scenarios, so check out and play around with our Poplar Home Savings Calculator to see how it might work for your specific circumstances.