By building for an underserved market, our partners are able to achieve higher real estate returns while offering renters a better experience.
Common homes typically achieve significantly above market yield on an annual cash-on-cash basis.
This is the result of hands-on property management, technology and the power of the Common brand.
Working with Common’s award-winning design team can shorten the pre-construction phase and save meaningful dollars.
Actual construction budgets may be reduced by smaller number of bathrooms and kitchens, compared to traditional multi-family.
Huge demand enables Common to maintain occupancy levels between 98-100%. We also achieve higher leasing velocity and turnover that is 15-20% below the broader residential market.
All of this means increased revenue and higher operating margins.
Common’s management agreements utilize a waterfall structure, which allocates 100% of NOI to the owner until market returns are achieved.
Above this level, owners participate meaningfully in the additional cash flow generated by coliving.
We are a full-service property management firm. Yes, we build community, but we also fix the toilets.
Potential and current members can tour all of our homes through 360 and video tours, reducing onsite lease up expenses.
Members seamlessly execute their leases online, without the need for paperwork or in-office meetings.
Member support services provides 24/7 online support to handle issues from repairs and maintenance to property access, restocking shared goods, and billing questions.
We provide many benefits to our members, from offering discounts to over 150 partners to a private messaging app that allows members to interact with each other, plans events, and grow community.
We maintain a robust waitlist of people interested in living in Common. This reduces vacancy and lowers turnover marketing expenses.
We reach a broader potential tenant base through Common’s proprietary marketing channels, and receiver over 1000 new applications a week to our homes.
Common is a property management company that enters into long-term management agreements with real estate developers and investors to operate their properties.
We handle everything from leasing and rent collection to repairs and maintenance, taxes, and reporting.
High-rise urban properties
“This Brooklyn co-living space is smarter than NYC’s own plan to fix its housing crisis.”
“Common will transform residential housing by creating a brand that is 'emotionally and culturally resonant with millennials' who aren’t served by some aspects of apartment living.”
“Common is the most advanced of the new breed of co-living startups.”
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