This Co-living Guru rented out 1200 rooms! Ft. Rental Trends and Scams! | NOTG

Video description from @notgpodcast

On this week’s episode of Nuggets On The Go, Melvin Lim, Grayce, and Yu Rong from PropertyLimBrothers are joined by special guest, Eugene Lim, founder of The Assembly Place! After deciding to become a Real Estate agent to pay off his university fees, Eugene embarked on a path that would eventually lead him to establish The Assembly Place— a co-living operation.

Starting from an inter-terrace at Jalan Elok less than a year before the pandemic, find out how he surfed through the tides of COVID and circuit breakers, to obtain not only more rooms but even acquiring a competitor!

We breakdown co-living from the point of views of the tenant, landlord, and operator, as well as the current market trending. Tune in for tips, and Yu Rong’s advice on how to prevent falling into rental scams, all on this week’s Nuggets On The Go!

00:00 Introduction
02:04 Get to know Eugene Lim
08:08 What is co-living
09:41 Eugene Lim's social experiment for co-living
11:12 2019 Rental rates
12:25 Eugene's acquired number of units back in 2019
16:04 Co-living tenants point of view
19:14 Pool of tenants
21:03 Why co-living is better?
21:33 Cap for Monthly utility
23:04 Conflicts between tenants in the same apartment
24:40 Tenant matching
25:19 Tenant's privary in a co-living space
26:52 How The Assembly Place solve tenant conflicts
28:05 Co-living landlords point of view
36:37 Realtor or Co-living operator (Pros and Cons)
39:48 Partitions
42:33 Tenants arriving to Singapore
43:41 Minimum contract period of The Assembly Place
43:59 Lease agreement
44:18 Minor Repair Clause
48:37 Co-living operators point of view
55:25 Key factors for increasing rental
56:05 Transitioning from part-time to full-time operator
59:37 Other co-living competitors
1:00:17 What is Strict Lease Model?
1:00:47 Big players in co-living industry in Singapore
1:01:19 The Assembly Place expansion
1:03:10 Co-living business success
1:06:00 Upcoming The Assembly Place platform
1:08:58 Co-living courses
1:10:53 Co-living B2B
1:13:40 Rental Scams
1:15:31 George's Rental Scam story
1:17:26 Prevention from rental scams
1:22:13 Conclusion
1:22:43 Bloopers

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