Welcome to a new episode of Get Creative! In this episode, we dive deep into the world of co-living, exploring the myths and realities of this innovative housing model. Joined by experienced co-living investor Jared, we address the common misconceptions and concerns surrounding co-living, and uncover the potential benefits it can offer to both tenants and investors.
Timestamps:
"It's working class. I do have some construction workers, but I also have a nurse."
"I'm about 80% normally, but I'm at 78 right now. I had to ask a member to leave."
"I've never had a fight. I'm not gonna say they're all getting along, but I've never had a fight."
"If you are trying to get into the Airbnb game, it is a waste of your time."
Timestamps:
00:00 - Introduction to Co-Living and Addressing Misconceptions
03:27 - Debunking the Myth of Co-Living Attracting "Undesirable" Tenants
07:38 - Discussing Occupancy Rates and Maintaining High Occupancy
09:31 - Addressing Concerns About Conflicts and Fights Among Co-Living Residents
12:15 - Exploring the Regulatory Environment and Incentives for Co-Living
14:24 - Cleaning and Maintenance Strategies in Co-Living Properties
18:57 - Jared's Criteria for Selecting Suitable Co-Living Properties
21:53 - The Role of Property Management in Co-Living Operations
25:30 - Providing Valuable Housing Solutions and Addressing Affordability Concerns
33:46 - Addressing Negative Perceptions and Neighborhood Impacts of Co-Living
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