Hemlane defines coliving as a form of housing where all residents share one or more common living space(s). Renting out individuals rooms is also a popular way to earn extra rental income. This method of coliving (sometimes referred to as cohabitation) has become increasingly popular with millennials.
Hemlane does appreciate these communal styles of living but was not built to support this smaller part of the market. Therefore, our product might not fit all your needs for managing a coliving property or individual room rentals.
Our system can be and is used by coliving properties. If you are considering our software for these situations, please be aware of a few ways we are unable to assist:
Listing syndication problems
Most listing sites will not post rooms for rent, as they will only post individual units. We recommend listing your rentals on a website like coliving.com, which is built specifically for this concept. Other room rental sites include:
Cleaning communal areas
Coliving requires management to be responsible for the communal areas (cleaning of the kitchen, living room, etc.). Hemlane is unable to help with the administration of cleaning communal areas.
Note that most agents do not support coliving spaces or placing tenants for room rentals either. Given the unique nature of these arrangements, using a realtor may not result in the best outcome. Realtors do not use tools for marketing to roommates, and realtor association forms may not accommodate individual room leases.
An agent can however help with drafting a lease that makes all roommates jointly liable on the lease. If you opt to have severally liable (i.e., separate leases) for your tenants, our legal partner, Rocket Lawyer, does have templates you can use (available to COMPLETE package users).