Thoughts on the co-living concept: innovative or dud?

[David Hannah]

I am currently exploring the concept of Co-living where landlords charge per room. The concept is really intriguing and I am starting see start ups like Hub Haus and Common really brand themselves in the space. The target market seems to be millennials who are transient, place high value on experiences in lieu of possessions and seem to enjoy the services these co-living start ups offer. The rent price is all inclusive and offers utilities, supplies (toilet paper/paper towel), cleaning services (common areas normally). Additionally they furnish the apartment and have community managers that set up social events. 

I am wondering what are your thoughts on these co-living start ups and how would one structure a profit sharing agreement with a landlord to start something like this? I am aware you could also do a master lease agreement but that seems harder to scale to profitability.  I would love to hear your thoughts on this concept.