WeWork's co-working IPO collapsed. Bungalow claims its co-living business is a different beast entirely.
Michelle King Photography for Bungalow
“A more reasonable comparison would be probably that of us to Airbnb, but more from a long-term residential point of view as opposed to short-term rentals,” Collins says. “Even in places like Kansas City, which is much less expensive than a New York or San Francisco, the economics there still equate to people wanting to live with roommates and wanting to have this shared interaction and shared experience, so we get really excited about being able to go fairly deep within the U.S.,” says Justin McCarty, Bungalow’s COO and cofounder.
To start, Bungalow is working with much smaller properties and signing shorter leases that more closely align with its tenants’ leases, helping it maintain a 98% occupancy rate. As opposed to finding roommates on Craigslist, residents can apply to Bungalow and be pre-screened before roommates do the interviews to see if it’s a match.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Bungalow Raises $47 Million To Prove Co-Living Is Not The Next Co-WorkingWeWork's co-working IPO collapsed. Bungalow claims its co-living business is a different beast entirely.
Baca lebih lajut »
Kylie Jenner Sells Majority Ownership of Cosmetics Co. for $600 MillionKylie Jenner is no control freak when it comes to her cosmetics empire -- not anymore, anyway.
Baca lebih lajut »
Chadwick Boseman Just Learned Too Much About His Co-StarsChadwick Boseman was quizzed about his Avengers co-stars on Monday's The Ellen DeGeneres Shwow. And, as it turned out, he has a lot to learn. Watch the epic video below!
Baca lebih lajut »
Georgia Kroger employee arrested after allegedly stabbing co-workerSuspect Akin Williams, 21, of Snellville, was taken into custody by officers of the Gwinnett County Police Department on Sunday morning after being accused of attacking a 59-year-old woman.
Baca lebih lajut »
Brie Larson and Co-Stars 'Passionately' Want an All-Female Marvel MovieBrie Larson and co-stars 'passionately' want an all-female Marvel movie
Baca lebih lajut »
Shay Mitchell on Which of Her 'PLL' Co-Stars Have Met Daughter AtlasThe actress is opening up to ET about life as a new mom.
Baca lebih lajut »