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Updated 9 months ago on . Most recent reply

User Stats

151
Posts
131
Votes
Kristine Ann
  • Investor
  • WNY/CNY/Adirondacks, New York State
131
Votes |
151
Posts

Coliving (Professionally Run Roommate Situation) on a Small Scale

Kristine Ann
  • Investor
  • WNY/CNY/Adirondacks, New York State
Posted

Is there anyone on here that has offered coliving on a small scale?  Coliving is basically when you rent out individual rooms in a nice home.  It's set up for roommates and housekeeping is included.  Sometimes shared kitchen items are provided, like olive oil, coffee pods and creamer.  It's people-intensive and blends the amenities of an airbnb  with a boarding room/inn concept.  

I'm looking at a low cost of living area that's plagued with a housing shortage. My thought is to buy a large home, alter it slightly so it's set up for roommates instead of a family, and then rent to individual professionals that work at the hospital or local school district.  

Has anyone does this? Can you recommend from resources or things to consider?

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