Building Trust into Real Estate: Tomi's Vision for Collaborative Homeownership
The future of real estate ownership might not be the traditional single-family model we’ve grown accustomed to. Cody Anderson, founder of Tomi, is pioneering a sophisticated platform that’s reimagining how people can collaborate to own property together. Drawing from his experience transforming equity management for private companies at a software company called Carta, Anderson is now applying similar principles to democratize real estate ownership.
“If you are able to be thoughtful and create sound incentive structures tied to both social and financial outcomes with people in your life that matter most, I think that you can architect a lifestyle that is much more fulfilling,” Anderson explains, highlighting the philosophy behind Tomi, whose name derives from the Japanese word for wealth. “Our focus is helping people develop a more sophisticated framework for thinking about home ownership, and then helping them come to a path to say ‘this is a model that could work for me.’ Once we establish those conditions, we go out and try to make that happen.”
The timing for such an innovation couldn’t be better. In 2023, over 1.1 million homes were purchased by two or more buyers, yet Anderson notes that roughly 80% of non-married co-buyers lack formal agreements governing their shared ownership – a significant gap in the market that Tomi is positioned to address.
The platform’s approach focuses primarily on tenants in common (TIC) ownership structures, where multiple parties hold title directly. Unlike platforms that match strangers for co-ownership, Tomi specifically works with pre-existing relationships – whether family members, friends, or trusted associates – who already have a foundation of trust and shared goals.
Using a football analogy, Anderson describes Tomi’s role as a coach rather than a matchmaker. “Most of these groups typically have a quarterback – the co-owner captain who’s really leading the charge,” he explains. “We support these natural leaders with the expertise and infrastructure needed to navigate the complex process of joint property ownership.” This includes thorough financial pre-underwriting and offering both joint mortgage applications and individual financing options through established lending partnerships.
The company’s systematic approach extends from initial property selection through creating comprehensive TIC agreements. To facilitate this process, Tomi has developed innovative tools including a co-ownership calculator that integrates with platforms like Zillow and Redfin. The company is also launching a comprehensive co-ownership quiz designed to help potential buyers understand their hierarchy of needs, ultimately recommending the most suitable model of home ownership for their situation.
Looking ahead to 2025, Anderson envisions Tomi becoming the operating system for co-owned properties. The company is developing an AI-powered platform that will serve as a tech-enabled property manager, streamlining everything from financial management to governance and decision-making processes. Their AI home concierge will provide continuous support for co-owners navigating shared property decisions, while automated tools will handle the day-to-day administrative tasks of co-ownership.
This vision is being built methodically, following Anderson’s philosophy of “do things that don’t scale” first – learning the intricacies of co-ownership intimately before moving to automation. With housing prices in major markets continuing to outpace wage growth, Tomi’s innovative approach to co-ownership could provide a viable path to property ownership for many who might otherwise be priced out of the market. By combining technological innovation with deep real estate expertise, Anderson and his team are working to transform how the next generation thinks about and accesses homeownership.
Learn more about Tomi at LiveTomi.com, where you can explore their free Tomi Co-Ownership Calculator and Tomi (Shared) Home AI Concierge.
