Entire Unit or Individual Rooms: How should you List your place?

Introduction:

Deciding how to list your property on Elev can significantly impact your hosting experience. Understanding the differences between listing as an 'Entire Unit' and 'Individual Rooms' is crucial. This guide will help you make an informed decision.

Entire Unit Listings

• What it Means:

  • All students are under one lease.

  • Students have access to the entire place.

  • You receive one payout for the entire rental.

  • Rent and bills are split evenly among all students.

  
  

• Ideal For:

  • Traditional rental homes leased to one party, ensuring privacy and full amenity access.

  • One-bedroom apartments and smaller properties.

  • Hosts seeking simplified management with a single lease and unified payment process.

Individual Room Listings

• What it Means:

  • Each room has its own separate lease.

  • Students rent specific rooms, with access to shared spaces.

  • You can set different prices and lease terms for each room.

  • Receive separate payouts for each room rented.

    
    

• Ideal For:

  • Multi-room properties where each room can be rented separately, maximizing occupancy and income.

  • Hosts living on-site who want to rent out a spare room.

  • Hosts preferring flexible leasing with different pricing and lease terms for each room.

    
    

Choosing between ‘Entire Unit’ and ‘Individual Rooms’ depends on your property type, management preference, and financial goals. Understand your options, assess what suits your situation best, and list your property accordingly for a smooth and rewarding Elev hosting experience.

If you need more help, feel free to reach out to us!