Everything Coliving: Padsplit CEO on Affordable Coliving, Coliving Incubator Program Launch, Coliving Saving Money for Renters, Multigenerational Coliving, and Other Coliving News.
_You are receiving Everything Coliving, the summary of coliving news, insights, and announcements curated by the Artof.co team. Today, it's Mayank Pokharna behind the edition! If you don't find value, simply unsubscribe at the end of this email. And if a colleague sent Everything Coliving to you, make sure to subscribe here (or below). Have a good read!_
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On Affordable and Accessible Coliving: Atticus, CEO, Padsplit
"There are many non-tech human interventions that happen behind the scenes that are complex, difficult, and often underestimated, which makes this business as challenging as it is." - Atticus LeBlanc, CEO of PadSplit
Gui had the chance to sit down with Atticus who founded PadSplit, a platform offering affordable and accessible coliving options across the United States.
Since its founding in 2017, PadSplit has grown to over 10,000+ units and has achieved profitability as a platform since the beginning of the year. The median income of PadSplit tenants is just under $30,000/year, highlighting PadSplit's commitment to providing housing solutions for low- to moderate-income workers who might otherwise not qualify for such housing.
In this discussion, we dive into
- What PadSplit does?
- How the platform works?
- Explore crucial details like evictions and member ratings.
- We wrap up with key insights for coliving founders looking to succeed in this space.
We hope you find this conversation inspiring and insightful! If you have any suggestions for future guests, let us know in reply to this email. 🙂
Artof.Co Launches the Coliving Incubator Program
Artof.Co launched the Coliving Incubator Program with coliving enthusiasts joining from Canada, France, Portugal, Luxemberg, Spain, and the USA.
Its a 12-month program which adapts to the requirements of a coliving entreprenuer and help them in building sustainable coliving business.
Learn more about the program here.
Is it a course?
No it's not. Its a program built keeping in mind:
- Every coliving journey is different and the program adapts to it.
- Peer learning is the best form of learning, and we have weekly masterminds for exactly that
- Rome was not built in a day and hence we think a 12 month milestone based program is needed to help colivign entrepreneurs build sustainable coliving businesses.
Coliving trend helps renters save hundreds $$ monthly
How to build multigenerational coliving?
If you have an interest in multigenerational coliving then you should definitely read the story of Radish and how someone built a multigenerational coliving for themselves with corporate and non-corporate entities.
Case study: The story of Radish
Supernuclear
This case study was originally written in 2020, two years into the journey. Here is some more recent info on Radish…
Do leave your feedback in comments or reply to this email. Do you think that with families becoming smaller and smaller, multigenerational coliving is the future?
Everything Else Coliving
- Co-living 3.0: Redefining community living for millennials and Gen Z. This evolving enrolment of shared living spaces is not just fulfilling the elementary housing needs of young Indians but also giving rise to communities, further growth in persons, and embracing sustainability.
- The Living Sectors Summit is a national conference, exhibition and networking event that encompasses the full life cycle of accommodation – social & affordable housing, build-to-rent, student housing and coliving.
- Dash Living Raises Over USD 8.8m Series A Financing from New, Existing Investors to Launch in Japan, Australia, Expand Further in Southeast Asia
- How co-living spaces are redefining urban living in India. The rapid growth and transformation in the co-living spaces has led to a significant change in urban living in India. Co-living is increasingly popular in India, not only in tier 1 cities, but also in tier 2 and tier 3 cities; particularly among millennials and the younger generation. Traditional rental models, with their rigidities and limitations, are making way for more flexible, community-oriented solutions, such as co-living spaces in India.
- How co-living and hybrid hospitality promotes sustainability? In its most primal form, co-living is the idea of having a large number of people share resources and living spaces in the most efficient way possible. As a concept, it is based on the need for sustainable living - financially (as a model) and environmentally. The idea of "sharing resources" is its bedrock.
- Property consultancy Knight Frank has released insights from its new co-living report. The sector is emerging as an alternative approach to delivering high quality rental accommodation in accessible locations.
- Coliving coming to Brent Cross Town in partnership with Halcyon Development Partners and DTZ Investors' Folk Co-Living Fund
- The United States Is in a Housing Crisis — Here's One Practical Alternative to Soaring House Prices. The country is facing a housing affordability crisis. Tenants are looking for comfortable living, not all the gold in Fort Knox; landlords are struggling with regulatory pressures and the need to balance income with maintenance and operational expenses.
- LHN's Coliwoo Strengthens Foothold in River Valley with Upcoming Launch of Two More Coliving Properties
- I pay £2,150 for a flat but still have to share a kitchen with 250 other people. Joe Cullen and Alexander Sweetman have both chosen to rent in communal living spaces, despite the high price tag.
- Square Gardens launches 'First Street Dates' to help renters meet their perfect match. Check roommateconnect.ai if you are looking for a software that can help you match tenants.
We hope you enjoyed this edition and wish you a great weekend ahead. Reply us with your thoughts on what more you want to read and if you have any feedback.
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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