Building Distinct Partitions as Alternative Business Model for Property Leasing

For the growing real estate leasing business, the most common business model is a property being fully leased to a single lessor. One opportunity that many real estate owners are missing is offering the single property to several renters, with distinct benefits for every individual, despite having some common areas to share.

One of the most common approach to “dividing” the property is creating distinct partitions. The most common issue of shared property is the lack of privacy and limitations. When landlords are too intrusive and interfere by setting too many rules and standards for shared properties, the renters somehow get “rebelious” and may do some actions which can result to inconveniences for other renters, or the owner himself. Below are some ways for property owners to to establish some “house rules” without being too privy in the affairs of the renters. These rules can be set through creating clear divisions in most, if not all, areas of the property.

• Kitchen Area

Kitchen storage and dining areas are the most common source of overlaps when spaces are shared. One approach is to add labels to shelves, while making sure they are of equal space and dimensions. Labeling shelves for tenant 1 and tenant 2 ensures that each tenant only occupies the designated shelves for them. Each one does not spill over their things to other areas of the kitchen. For dining area distinction, the property owner may opt to have separate chairs and tables for each tenant, again, labeled properly. Or, the property owner can at least label the chairs if they’re all sharing one table so that each tenant would feel responsible for the area immediately surrounding his / her chair.

• Bedrooms

Separating rooms may be the easiest task for the property owner, as walls clearly set divisions per room. But, dividing rooms doesn’t mean each room will have to be feature-less and run-of-the-mill. In fact, playing with Terrazzo tiles and terrazzo flooring can show personalities in rooms. This is where Terrazzo‘s wide array of colors to choose from come in useful. Each room can have a different Terrazzo color to bring out a theme or a distinct vibe which can be matched with the right furniture pieces. Again, Terrazzo flooring is more ideal for low maintenance issues in the long run.

• Living Room

Dividing the living room can also be challenging as some properties don’t really have much space for this area. Divisions can be made by putting in single-seat couches instead of the long ones. This limits the space consumed to just single seats, while maintaining comfort and style.

Implementing divisions can make the property equally profitable or even more productive. It will take some creativity and planning, but ultimately, a property that is made available for comfort and style always wins the deal.

Implementing divisions can make the property equally profitable or even more productive. It will take some creativity and planning, but ultimately, a property that is made available for comfort and style always wins the deal.