• Get your paperback, kindle, or PDF edition of Art of Coliving Book.
• Starting or operating coliving space? Level up and Join the Coliving Incubator Program.
• Are you building a coliving business? Get Free Coliving Advisor

🔁📝Need to catch up? Last week’s post focused on challenging coliving norms and expert advisory insights. Revisit EC24 for more below:

"Innovation in real estate is about leveraging technology to create smarter, more efficient, and sustainable spaces that enhance the way we live and work."

Coliving Incubator Program by Artof.Co

Starting a coliving business can be a lonely journey.

Ironic!! right?

We set out to build a community-driven business, and often times we find ourselves alone with a lot of decisions to make. We also make mistakes along the way and learn from them.

What if I tell you that you can avoid a lot of mistakes in your coliving journey if you find someone who has been through it?

That’s what Gui and I have been building these last few months.

The Artof.Co Coliving Incubator is a 12-month milestone based program helping coliving entrepreneurs successfully conceptualize and build sustainable coliving businesses.

Designed by and for coliving founders, it gives participants the latest operating insights, educates on major entrepreneurial pitfalls, and offers templates and resources to fast-track their growth.

Participants receive access to the online program, expert advisory, weekly masterminds, and visibility at the Artof.Co demo day.

Coliving Crossword Puzzle by Matt Lesniak

Are you looking for something fun and light to do during your lunchtime break? 🌞

Try this Coliving Crossword Puzzle! 🧩 by Matt and share the screenshot with us in reply to this email to get your name featured in the next edition :)

Try the Coliving Crossword Puzzle now. Click here.

To give you some hints, the puzzle includes common terms associated with coliving, some names of popular coliving companies, coliving benefits, and other questions for the coliving nerds out there. 🤓

Let’s see who the coliving nerds are!!!!

How Millennials and Gen Zers Are Buying With Friends Amid Impossible Home Costs

Following the summary and my take on the article written by Anjulie Rao, the illustrations are by Silvia Reginato in Dwell. Read the full article here.

• The article talks about, friends Emily Winter and Kerry Couch transformed their dream of owning a house together in Chicago’s Logan Square into a reality through cooperative home buying during the pandemic.
• Cooperative buying has been around since the 1920s in Chicago, often seen in multifamily buildings.
• This approach is perfect for those whose incomes haven’t kept up with housing prices, as it allows for splitting maintenance and mortgage costs.
• Key steps in this process include open financial discussions and creating an operating agreement. For instance, Teagan Walsh-Davis bought a two-flat with friends to meet their needs for art spaces and proximity to parks.
• Chuck McKeever highlights the importance of honest financial discussions as he buys property with another couple in Detroit.
• Pooling incomes through cooperative buying helps people qualify for mortgages, even with non-traditional financial backgrounds.
• Practical management involves systems for tracking expenses, shared accounts, and clear rules to handle maintenance costs and responsibilities.
• Beyond financial benefits, cooperative living offers a sense of community and
  support, reducing isolation and strengthening social networks.
• This trend is growing, driven not only by financial reasons but also by the need for community, which provides a way to strengthen personal connections and create supportive living environments.

What do you think about it? Do share your thoughts in reply to this email or at coliving@artof.co, and we would love to publish them in the next edition.

Why Digital Nomads Are Choosing Co-living

Let’s look at some pointers:

• Digital nomads struggle with finding community and suitable housing. Airbnb can
  lead to isolation, and hostels lack professional infrastructure.
• Coliving provides a supportive environment with high-speed internet, coworking spaces, and social events.
• The built-in community helps digital nomads with soft landing, simplifies logistics, and eases the transition to the new city.

Read more about what Iona Brannon wrote in the article here.

Everything Else Coliving

• Do you have any NPS surveys for your coliving space? If not, take inspiration from CasaMia Coliving and look at how they take feedback from their members bi-annually. Here is the published report of the survey that happend at the start of this year.
• The growing co-living sector is the future of property, says Knight Frank. New shared living hubs with communal spaces are gaining traction in Britain’s city centers, and financial backing for them is burgeoning.
• Another office to coliving conversion. Knox Court, Wales’ first co-living scheme, secures planning. The former Knox Court Legal & General offices in Cardiff will be converted and extended vertically to create the new co-living homes.
• Digital Nomad Conferences, Retreats, and Events in 2024
• Houston is beginning to see the opening of some of the first communal living projects within the city. Uniti Montrose, a coliving multifamily complex, opened in Montrose in June. CoHousing Houston, a cohousing development, will open in September in the east end.
• Creative hub for international digital nomads in Ilocos Sur
• ‘Co-living’ accommodation scheme approved for Sunderland Deaf Centre building
• Coliving tipped as ‘the next big thing’ for property investors. The agency says a step change in delivery comes as the market enters a new phase, with an increasing volume of institutional capital targeting the sector. Since 2020, investors have spent nearly £1 billion funding or acquiring coliving developments.

If you want us to cover anything, please mail it to us on coliving@artof.co

Gui Perdrix & Mayank Pokharna
The Artof.Co team

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🆕 Up Next:

🔗 EC26: Interview with Murray Clark, Scaling Profitable Coliving, Changing Housing Preferences, Coliving Incubator, Art of Coliving Book on Amazon, and Global Coliving News.

🔗 EC27: Coliving Funding, Learnings From Selina's Insolvency, Free Coliving Advisory, Various Coliving Communities, Coliving in Berlin, and Everything Else Coliving.