HenryProduct2021
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Posts posted by HenryProduct2021
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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.
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I'm sure many of you will have heard about Co-Living. Creating greater margins for Landlords while joining people together and create a sense of connection and community. This all sounds amazing but is it being done the right way?
My names Henry and I have recently taken over as a Product Owner for a large London based Co-Living company. I am on a mission to make a product that is great for Landlords but I need your help. I really want to understand what you guys hate and what you love.
If you could spare me 10 minutes of your time, it would make my day!
I really look forward to talking to you all.
Henry
Lend Me Your Expertise
in Landlords forum
Posted
Thanks,
That is a really interesting insight.
I hope you have a lovely weekend