HubHaus was an operator of coliving housing. HubHaus leased units from landlords at a predetermined rent, turned them into coliving units, and rented them to coliving tenants at a premium. HubHaus focused predominantly on renting large single-family homes and converting them to coliving units. HubHaus went out of business in September of 2020.
HubHaus leased units from landlords at a predetermined rent, turned them into coliving units, and rented them to coliving tenants at a premium.
HubHais' rental prices varied by significantly by market and occupancy rates of a given property, so there was no consistent pricing structure for HubHaus.
HubHaus generated most of its revenue from premiums on rent from tenants over the predetermined lease prices secured from landlords. Essentially, HubHaus would lease a unit at a standard or discount price and then capture the upside from renting it furnished as multiple coliving residences.
HubHaus went out of business in September of 2020.