Of course!
Co-living takes a property, usually 3-6 beds, and rents out the individual rooms. Increasing the margin on the home. The great thing about co-living is that if it is done right, it brings like minded people together in a space they can call home. This is where it changes from just being a great way to increase returns on a home and starts to become a way to make a meaningful change in someones life.
There are added benefits to a landlord such as yourself, with less chance of catastrophic void as only a single room churns at a time. We also find that if you are operating an HMO it helps with stopping tenants from churning as often as they find meaningful connection in the home rather than just a place to stay.
With larger Co-living companies you also get the benefit of tenants meeting/interacting with other members of the larger community, which adds to the effects above.
I hope this sheds a little light on the concept.
I would love to pick your brain on initial thoughts on this product from a landlords point of view.
