From 2.6(25) to 4.6(500) in Customer Reviews, Erwin, Enter Coliving with Mayank Pokharna

10/04/24 • 47 min

🎙️ Coliving Innovators Podcast - Episode with Erwin Groenendijk | How Enter Coliving turnaround from 2.6(25) to 4.6(500) Customer Ratings & Reviews 🌍 In this episode of the Coliving Innovators Podcast, Erwin Groenendijk, co-founder of Enter Coliving, takes us through his inspiring entrepreneurial journey. Enter Coliving manages 450 units in Barcelona and has become a thriving coliving operator with a focus on community, customer experience, and sustainable growth without external funding. Here’s what we cover in this episode: - How Erwin started Enter Coliving with one apartment and scaled to 450 units 🏘️. - His approach to private loans and why they chose this route over equity funding. - How Enter Coliving boosted their ratings from 2.6 to 4.6 ⭐ by focusing on customer experience. - The power of building strong communities through events, shared spaces, and meaningful connections. - Advice for entrepreneurs looking to break into the coliving space and scale their ventures. If you are interested in coliving, real estate, or entrepreneurship, this episode is packed with actionable insights! 📲 Don’t forget to like, share, and subscribe to the channel for more insights from coliving innovators from around the world. 🌍 🔗 Links: Enter Coliving: https://entercoliving.com/ Follow Erwin: https://www.linkedin.com/in/erwingroenendijk/ We hope you find this conversation inspiring and insightful! If you have any suggestions for future guests, let us know in the comments below 🙂 - - - ⚡️ For more ways to grow your coliving business, consider joining the Coliving Incubator Program: https://www.artof.co/coliving-incubator The Artof.Co Incubator is a 12-month milestone-based program helping coliving entrepreneurs successfully conceptualize, build and operate sustainable coliving businesses. We will help you make the right decisions and learn best practices along the way of setting up and scaling your business, giving you access to masterminds, a community of peers, mentors, and a mile-stone based program with resources. 📙 And make sure to start with the Art of Coliving Book: https://www.artof.co/art-of-coliving-book Get insights, frameworks, and learnings from 200+ coliving entrepreneurs on how to create, launch, run, and scale a coliving space. This book has been written by interviewing coliving founders. It summarizes best practices in community building, real estate sourcing, financial models, marketing, architecture, and all other subjects related to building out your coliving business. #coliving #realestate #entrepreneurship #communitybuilding #barcelona #colivingpodcast #sustainability

Previous Episode

Brad Hargreaves on Common's Bankruptcy

Brad Hargreaves, the founder of Common, discusses the history and challenges of the coliving company and the reasons for its recent bankruptcy. Common started in 2015 to address housing affordability issues by building apartments designed for roommates. They focused on three, four, and five-bedroom units and worked with developers as property managers and designers. However, the company faced difficulties in generating profits from property management and design services. The COVID-19 pandemic and rising interest rates further impacted Common's business model. Brad believes that small, local operators and short-term rental models may have more success in the US coliving market. Listen to the interview to understand why Common went bankrupt, and what could have been done differently. - - - To listen to the whole song in good quality, click here: https://suno.com/song/38f3b3e1-1760-4913-8f68-d54098200401 - - - ⚡️ For more ways to grow your coliving business, consider joining the Coliving Incubator Program: https://www.artof.co/coliving-incubator The Artof.Co Incubator is a 12-month milestone-based program helping coliving entrepreneurs successfully conceptualize, build and operate sustainable coliving businesses. We will help you make the right decisions and learn best practices along the way of setting up and scaling your business, giving you access to masterminds, a community of peers, mentors, and a mile-stone based program with resources. 📙 And make sure to start with the Art of Coliving Book: https://www.artof.co/art-of-coliving-book Get insights, frameworks, and learnings from 200+ coliving entrepreneurs on how to create, launch, run, and scale a coliving space. This book has been written by interviewing coliving founders. It summarizes best practices in community building, real estate sourcing, financial models, marketing, architecture, and all other subjects related to building out your coliving business. - - - 00:00 Introduction and Background 01:56 Defining Common and Its Evolution 05:46 Diversification of Property Types 09:04 Challenges in Scaling Co-Living 12:03 Profitability and the Impact of Interest Rates 13:31 Differences Between European and US Co-Living Companies 17:45 Factors Affecting Profitability and Business Model 22:28 The Future of Coliving in the US 24:23 Brad Hargreaves' Current Endeavors 26:16 Closing Remarks and Surprise Song #coliving #colivingspace #colivingbusiness #colivingentrepreneur #sharedliving #communityliving

Next Episode

White Label Coliving, Key to Thriving Communities, Coliving 2.0 and more with Lodewijk, GroweNL

🎙️ Welcome to another episode of Coliving Innovators! Today, we’re excited to have Lodewijk Van Grootel, co-founder of GroweNL, join us as we explore how his white label coliving consultancy is revolutionizing the coliving industry. In this episode, we dive deep into: - How GroweNL is scaling to 850 coliving units and their unique approach. - What white label coliving consultancy really means and how it helps developers build their own brand. - Key operational strategies for new coliving spaces to thrive. - Insights into building a resident-focused community that keeps customer acquisition costs low and occupancy high. - Exciting trends in coliving, from community-driven operations to sustainability. Don’t miss this insightful conversation filled with actionable advice for coliving operators and aspiring founders! 🔔 Subscribe and hit the bell icon to stay updated with more stories from coliving founders and industry leaders. 🔗 Links: Enter Coliving: https://www.growenl.nl/ Follow Lodewijk: https://www.linkedin.com/in/lodewijk-van-grootel-25811210/ We hope you find this conversation inspiring and insightful! If you have any suggestions for future guests, let us know in the comments below 🙂 - - - ⚡️ For more ways to grow your coliving business, consider joining the Coliving Incubator Program: https://www.artof.co/coliving-incubator The Artof.Co Incubator is a 12-month milestone-based program helping coliving entrepreneurs successfully conceptualize, build and operate sustainable coliving businesses. We will help you make the right decisions and learn best practices along the way of setting up and scaling your business, giving you access to masterminds, a community of peers, mentors, and a milestone based program with resources. 📙 And make sure to start with the Art of Coliving Book: https://www.artof.co/art-of-coliving-book Get insights, frameworks, and learnings from 200+ coliving entrepreneurs on how to create, launch, run, and scale a coliving space. This book has been written by interviewing coliving founders. It summarizes best practices in community building, real estate sourcing, financial models, marketing, architecture, and all other subjects related to building out your coliving business. #Coliving #RealEstate #GroweNL #CommunityLiving #Sustainability #Podcast #ColivingInnovators #PropertyManagement