Coliving is a modern form of housing where residents share living spaces and amenities to save money and maintain a higher standard of living. The concept of co-living is becoming a more attractive and effective solution among professionals, entrepreneurs, students, and creatives. Coliving is similar to single room occupancy as it offers residents an individual space in a shared property.

Coliving provides a more affordable and amenity-based alternative to individual apartments. The defining characteristic is that all coliving spaces offer at least a shared kitchen and living room. Coliving appeals particularly to Millennials due to rising property prices. Residents of coliving spaces typically range between the ages of 19 and 40 years. They are typically employees of startups, entrepreneurs, or students.

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A common reason property owners agree to our coliving model is because they no longer want to manage their own property. Another common reason is because they don’t want the property to remain vacant. Another reason is because they may have inherited a property and have no idea how to manage it. Another reason is because they may have had a negative experience with a previous property management company and are looking for another company. Another reason is because they want to receive 100% of their rental income without having to pay any property management fees.

Enclave Coliving currently operates in Albany, GA and Atlanta, GA. We will be expanding to other major cities in the coming years.

We aim to provide a quality living experience for all of our residents. We screen all of our prospective residents and require them to go through our application process, which includes a background check and credit check.

Enclave Coliving partners with property owners and managers of single-family houses and multi-family units. We specialize in managing and operating single-family properties that have a minimum of 4 bedrooms and multi-family that have multiple units.

Unlike most property management companies, Enclave Coliving does not charge property owners a brokers’ fee, a percentage of rents, or any other service fees. We simply take on your lease and satisfy your rent each month. You get hands-free passive income.

When operating a property, we may invest up to $10,000 in furnishing and preparing your property for our coliving residents. This investment is a capital expenditure that takes place during our initial take-over period and preparation of your property. We will recoup that investment over time from our increased rents.

Enclave Coliving will sign the lease, which makes us your tenant. You lease your property directly to Enclave Coliving and we sub-lease to our residents.

Enclave Coliving will sub-lease your property by the bedroom using our coliving model. In doing so, we are able to increase the total net revenue for the property. This increased revenue allows us manage your property and our residents at no cost to you without the hassle of property management fees. We satisfy your monthly rent, pay the utilities and other ancillary fees, and keep the difference for our revenue.

Enclave Coliving will cover damages caused by residents up to a specific dollar amount per incident. This dollar amount will be defined and explained in your Coliving Partner Agreement. We will pay for and handle any damages and maintenance issues up to the specific dollar amount. Costs beyond that dollar amount will be the responsibility of you, the property owner. We also require residents to have renter’s insurance.