Multi room co-living facilities can give greater rental yields than standard rental apartments, they present a unique financial opportunity.
Why Own a Co-Living Property?
With the need for shared living spaces growing, especially among students, young professionals, and remote workers looking for reasonably priced housing with shared facilities purchasing a multi room co-living property maximises rental income possibilities by allowing numerous tenants to occupy separate rooms within the same house is a solid income generator, as well as tax and capital growth opportunities. As remote work and digital nomadism become more popular, co-living spaces offer a flexible living option that suits a wide spectrum of people.
What a Co-Living property provides for the tenants?
Co-living properties provide common spaces and shared amenities that improve the overall experience of tenants and increase tenant retention rates. Because tenants can share common facilities, multiroom coliving homes typically have cheaper maintenance costs per tenant than single-family rentals.
A co-living investment must be strategically located, with an emphasis on places with strong demand from target demographics and close proximity to services and transportation hubs.
Purchasing a multi-room co-living property can provide stability to your passive income stream and diversify your real estate holdings.
Coliving buildings can draw in eco-aware residents and raise their long-term property worth by utilising cutting-edge technology and sustainable design concepts.
How do we fill your Co-Living Property?
By engaging a skilled property management company, we increase the profitability of your co-living investment, guarantee tenant satisfaction, and streamline operations. Our property management partner has a long history of filling multi tenant properties and are professional property managers as well.
Call or email us to discuss Burnside Hills Estate Sunshine Coast.
Gil Elliott
M: 07 5408 4151
Gil Elliott is the Managing Director and Founder of Positive Income Properties. Gil has a rich background in business consulting and property investment. All of these he gained in his nearly four decades of experience in the real estate and marketing industries.
