This Company Wants to Rent Your DC Home and Lease the Individual Bedrooms
✉️ Want to forward this article? Click here.
Traditionally, homeowners hire property managers to rent out their homes, and communal living has occupied its own space on the margins. Now, a new company wants to combine the co-living concept with a property management approach, all on an Airbnb-reminiscent platform.
Bungalow manages the task of turning a private home into what one might refer to as a group home, while offering amenities and a vibe comparable to co-living companies like WeLive and Common. The company, which has described itself as "the next SoHo House for millennials moving into new cities", leases the house from its owner and sublets the rooms out.
story continues below
loading...story continues above
The DC properties on the Bungalow site, primarily clustered in Pleasant Plains, Columbia Heights and Mount Pleasant, offer private rooms starting at $800 a month, centered around furnished common areas. A monthly fee covers utilities, including high-speed internet, as well as cleaning services (parking or a washer/dryer are dependent on the home itself). Lease terms range from six to 18 months, and some buildings have communal events.
Each city where Bungalow operates has a Community Manager, and each home has an "anchor resident", who is the first person to begin renting there, and there are opportunities to meet-and-greet potential roommates before they are approved to ensure compatibility. Atomic Labs, a firm from Paypal-founder Peter Thiel and venture capitalist Marc Andreessen, backs Bungalow.
See other articles related to: co-living
This article originally published at https://dc.urbanturf.com/articles/blog/this-company-wants-to-turn-your-bungalow-into-a-co-living-building/14980.
Most Popular... This Week • Last 30 Days • Ever
Today, we take a closer look at home insurance.... read »
Monument Realty and Mosaic Realty Partners redevelopment plans for a surface parking ... read »
A new report shows that apartment rents rose ever so slightly in DC over the last yea... read »
UrbanTurf is taking its semi-regular look at the areas around DC that have seen the h... read »
The near-term future for DC's Uptown Theater; an OpenAI lease; changing gears at Walt... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro