As the coliving industry continues to grow, so too does the variation of members & demographics that it serves. Long gone are the days of coliving being strictly limited to the stereotypical young 20-something millennial working in the big city. Nowadays, there really is something for everyone. But what exactly are they? That’s the answer we’re about to explore.
Want to hear something that just doesn’t make sense? Legacy PMS systems were built with just the LANDLORD in mind. But it's 2020. Also, we shake our heads at the fact that some of the largest property management solutions have a CLOSED API…. Seriously?!?
When you set out to start a coliving space, you’re probably motivated by the exciting promise of a bonded tribe, affordable amenities, business expansion, and the potential for cost-free rent. While all these (and more) are totally possible, they can only be met by implementing smart methods. By taking in these quick pointers, you can create the BEST possible home that’s set up for optimal success.
The universal goal of coliving operators is to create a thriving space that residents LOVE. But the widespread question is: How do I do this? It’s not always easy to find out exactly what guests think or how improvements can be made. This is where hacks like these come in to streamline your systems and enhance quality on all fronts. Using KPIs (Key Performance Indicators) is a major tool for assessing harmony and categorizing these concepts in actionable ways.
Are CoLiving and CoHousing just two terms for the same thing? Are they actually separate? How so? We’re settling this once and for all. With new (and old) buzzwords surfacing all the time, it’s a real challenge to keep up with the current terminology and distinguish between them. But it’s time to realize that terms like CoLiving and CoHousing are here to say, so we might as well understand their distinctions. And who better to lay down these differences that the ones who personally made the split on Wikipedia? Whether you’re a resident interested in living in one of these models, an investor seeking more info, or a budding creator, here’s everything you need to know.