CoLiving Property Management That Works

[Grant Shipman]

Coliving or Rent-By-The-Room rental properties are known for high turn over, tenant drama, and property damage.  Who else wants to join with me in setting a new standard here?!  Over the past 22 years I've refined how to manage coliving properties borrowing from the wisdom/tradition of subcultures who have done this for centuries.  It's clear to me that if there is high turnover, drama, property damage it has nothing to do with the type of rental strategy but the quality of its execution.  Who else is with me here?  Please share thought, questions, challenges, etc.  Time to turn the tides! 

[Kim Meredith Hampton]

Did two co-living communities back in 2000 in Florida for a developer who designed for Seniors. Was a great plan with 5 suites and a shared living/dining/laundry and kitchen. Each building had 6 units with 30 tenants and an elevator. the community had a pool, gated, events, hair salon/barber and a bus that took them shopping and dr visits. I helped from the dirt up, building, investors, furniture etc… Each “suite” was furnished and included utilities. 

We also had a lease for each resident and a master lease. Was tricky, but can be done 

Was a lot of work, but I think would be great in this day and age with the so-needed affordable housing initiatives