How Co-Living Managers Are Simplifying Operations and Boosting Efficiency
Co-living has quickly become one of the most popular housing models in urban areas, offering affordability and community to tenants. However, managing a co-living property comes with a unique set of challenges that traditional property management tools just can’t handle.
From staggered move-ins and prorated rents to splitting utility bills fairly among tenants, the operational complexities can pile up quickly. Add to that the difficulties of task coordination in shared spaces, ensuring security with key management, and updating leases for individual tenants—it’s clear that co-living management requires a smarter approach.
But what if you could manage every aspect of your co-living property with ease? What if you had the tools to:
- Automate rent collection for tenants with varying lease terms.
- Streamline utility bill splits based on move-in dates or room types.
- Assign tasks like cleaning, lawn care, or garbage disposal, ensuring a harmonious living environment.
- Manage leases at the room level, adapting effortlessly to staggered move-ins or move-outs.
- Handle maintenance requests and notify all tenants about shared issues instantly.
One co-living operator faced these challenges head-on and found an innovative solution that completely transformed their operations. By implementing a room-level property management platform, they achieved 30% faster rent collection, cut down 50% of time spent on financial reconciliation, and drastically reduced tenant disputes.
How did they do it? And what were the key tools and strategies that made such an impact?
Download the full case study to discover how they turned their co-living property into a well-oiled machine—reducing administrative burdens, improving tenant satisfaction, and scaling their operations with ease.
Don’t let co-living management overwhelm you. Learn how this operator streamlined their processes and created a stress-free experience for both themselves and their tenants.
