Bungalow.com Rental Company

[Geoffrey Klein]

I posted a unit for rent and someone from Bungalow.co reached out to me. Seems like an interesting setup, they haven’t accepted my property yet but I am interested in the concept. Anyone work with them on here??

General concept:

They sign a lease for the place, usually 2 years to start. 

They behave like a normal tenant - they pay rent and take care of their utilities and even clean the place monthly. 

The catch. They “sublet” I guess you could say each room out. They screen the tenants, and manage the people just a lot of moving parts in theory. And then they provide a community for the people who do sign up. They do events and connect them together. It’s interesting. Especially if they might pay more rent than I was asking for. 

Thoughts?  This is chicago but they operate in a few cities. 

[Ryan Scott Isacksen]

I take care of a property that has a Bungalow tenant. 

They will have a property inspector through and send you a list of things they want taken care of.  Once there are people in there, you won't be able to coordinate with the actual residents.

From a management perspective, they are a little more of a headache when repairs are needed.  They want things done quickly, but you have to reach the person that manages the unit, NOT the people in the unit.  They also don't want us to just send the tech over with a key.  That makes every issue a little bigger just trying to coordinate access and makes repairs take a little longer.

I take care of about 100 properties, so I shuffle out work orders and techs / vendors schedule.  It interrupts the flow in a larger scale operation, but probably wouldn't be an issue otherwise.

Overall it is a little inconvenient, but otherwise no problems that would tell you not to work with them.