Co-Living Spaces: It is not just a room. It is a better way to live.
Co-living is an innovative new type of rental accommodation for Australian seniors.
WHAT IS SENIOR’S CO-LIVING?
Residents occupy a bedroom with ensuite in a shared house environment under a shared tenancies lease. Each room, with a full ensuite and wardrobe, is a secure private space for each resident to enjoy. Encouraging socialisation and easing feelings of loneliness, the kitchen, living, and dining area in the home is a shared space where residents can enjoy socialising with their housemates.
Our homes are designed to facilitate a collaborative "community" culture where residents share similar interests and values and look out for each other
8% Rental Return
Low-interest rates will allow for a high positive cash flow
Socially responsible investment
Suppling elder people with accommodation
Multiple Rental Income Streams
2 to 4 tenants helps reduce any nill income periods
Elderly people who are not rowdy or unpredictable
Long Rental Tenure
Elderly people who will be happy to have a secure living arrangement
The property manager has arranged an income guarantee based on this business model
Everyone needs a place to live
WHY SENIOR’S RENTAL?
Seniors aged 65 years to double by 2056
50% of seniors to be renting by 2056
65 years old double in the same time range to 543,000
Older women are particularly at risk due to systemic issues like gender pay gap
Significant lack of ageing-friendly accommodation
The private rental market will become increasingly important in accommodating the growing number of older households. As more and more households rent into retirement, there will be an increasing need for secure, stable, affordable and appropriate housing options in the private rental sector.
WHAT IS COVERED?
YOUR SERVICE INCLUDES:
Advertising your property for rent Hosting inspections and open homes
Finding and screening tenants
Managing the lease sign-up process
Dealing with day-to-day tenant demands
Managing the on-going reporting process
Managing budgets and financial records
Conducting regular property inspections
Managing the receipt and disbursement of rent Complaints, evictions, and other breach issues Knowing specific local landlord-tenant laws and looking after the tenant
Managing routine and ad hoc maintenance