Debunking the Myths of Co-Living

Get Creative with Pace Morby

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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