How Residential Property Owners Can Tap Into the Co-living Segment?

Responsibility of Residential Property Owner As an owner of a residential property , you are often flummoxed in finding the right type of tenant to cater to. A family – big or small – is every property owner’s goal. It’s conventional and less troublesome to worry about. On the other end of this spectrum lies the single bachelor – often seen as troublemakers with whom one may need to tread carefully. But, nowadays bachelors aren’t getting a bad rap and are welcomed with open arms. A recent study conducted by News Corp and PropTiger found that co-living has emerged as a real estate goldmine with the potential to become a $93 billion market. “Rental yield in this segment is higher as compared to traditional ways of renting a property,” the study added. So, how did this influx in co-living accommodation happen? The world’s sixth-biggest economy has a diverse young workforce, rapidly growing day-by-day and living away from their homes. This demographic ...