All Forum Posts by: Jay Chang

Thanks for sharing Erwin, I think I'll join Coliving Hub. Would love to learn more about how we can improve co-living. I think if implemented correctly, co-living will allow the residents to live conveniently in a community setting at an affordable price. Co-living isn't for everyone, but it sounds like a win-win scenario for many people. I foresee a lot of growth in the next few years after COVID ends.

Hope to connect with you! 

There are some other operators in the metropolitan areas like LA and NY, such as Tripalink, Common, and Bungalow. Common doesn't do masterlease and they only work with apartment owners. Tripalink and Bungalow signs masterlease with both houseowners and apartment owners. Bungalow is more focuses on SFH while Tripalink is more focused on multifamily.

There's also Blueground, but they don't do co-living. They masterlease your apartment/condo, furnish it, and rent it out as an entire unit.

Hope this helps!
 

@Roy N. Co-living can be run poorly depending on the operator. You're very correct - some places are basically a rooming house. In the future, I foresee co-living becoming more mainstream and integrated into large apartment complexes with 100+ units - half of them co-living and the other half traditional studios or 1-bedrooms. This allows greater synergy and more social interactions. The types of amenities and social events in each complex can also be very attractive features. Of course, the property managers will need to be very competent, and branding and marketing will also be very crucial. 

Would you guys be interested in living in a large co-living complex with 100+ units? 

@Jake Malott Thank you for sharing about your experience there. I've stayed at a podshare location in the Art District near DTLA for a night just to experience it, and the living arrangement was not for me. The place was dirty and cold. Some tenants were combating mental issues and one of them made really loud noises at night and called the police. However, I think the experience can be much better depending on the location and the operator. I probably just chose a bad location.

Alternatively, some co-living apartments offer private bedrooms and bathrooms in a 4-5 bedrooms unit. The apartments are fully furnished with utilities and cleaning included. The costs are not much higher - $1200 to $14000 compared to $800 a month for pods. I wonder how you all feel about this type of living arrangement?
 

I'm looking for properties to renovate in the nicer neighborhoods of Phoenix, Tempe, and Scottsdale. 2-bed or 3-bed condo or house. Message me if you are an experienced real estate agent in Arizona. Thanks!

@Paige Caffas I'll msg you

I'm looking for properties to renovate in the nicer neighborhoods of Phoenix, Tempe, and Scottsdale. 2-bed or 3-bed condo or house. Message me if you are an experienced real estate agent in Arizona. Thanks!

Password- mastermind

128-unit Case Study

Come join us to learn about Multifamily syndication, and how you can invest your money to reach financial freedom and retire early. It’s actually easier than you think! Entry level investors are welcomed!!

Due to the Coronavirus, our next meeting in April will be a Webinar. See message below regarding registration. Hopefully we will be able to meet in person by May! Let's stay optimistic and be safe everyone.
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Hi there,

You are invited to a Zoom webinar.

When: Apr 15, 2020 06:00 PM - 07:15 PM Pacific Time (US and Canada)

Topic: Multifamily Masters 128-Unit Case Study

Register in advance for this webinar:

https://zoom.us/webinar/register/WN_WKH5W997RE2mxXsFDHcZ4Q

After registering, you will receive a confirmation email containing information about joining the webinar.
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We'll be presenting a 128-unit deal in Phoenix, which Break of Day Capital acquired last year. The management team is currently renovating and leasing up the property.

All, unfortunately the event is canceled due to the recent coronavirus escalation.

Please RSVP on the meetup page! This will help us a lot!! Link below.
https://www.meetup.com/MultiFamilyMasters/events/268848618/