Bedly was an operator of coliving housing. Bedly leased units from landlords at a predetermined rent, turned them into coliving units, and rented them to coliving tenants at a premium. Bedly went out of business in July of 2019.
Bedly leased units from landlords at a predetermined rent, turned them into coliving units, and rented them to coliving tenants at a premium.
Bedly's rental prices varied by significantly by market and occupancy rates of a given property, so there was no consistent pricing structure for Bedly.
Bedly generated most of its revenue from premiums on rent from tenants over the predetermined lease prices secured from landlords. Essentially, Bedly would lease a unit at a standard or discount price and then capture the upside from renting it furnished as multiple coliving residences.
Bedly went out of business in July of 2019.