OHAI rapidly turned around a historically under performing asset.
ADDED +$8M TO EXIT VALUE IN 7 WEEKS
ADDED +$200/AVG PER UNIT PER MONTH IN HOMESHARING INCOME
ADDED +10%/AVG PER UNIT TO RENT VALUE
Rooted in the traditional 12-month lease, building-wide residential homesharing, allows residents to host a guest when they are not at home. As a result, you can anticipate an increase in NOI through additional income from the homesharing revenue split, a potential reduction in new resident concessions, and possible rent increases. Additionally, homesharing is a competitive differentiator that will drive new resident leasing and help retain existing residents.
Think of it like Airbnb'ing. It's when your residents are allowed to sublease on a short-term basis to travelers. Residents love homesharing for many reasons, but they especially love being able to earn additional income on their place when they're not using it.
YOUR PROPERTY RECEIVES A SHARE FROM EVERY NIGHT BOOKED, GENERALLY EARNING YOU AN EXTRA $100 PER UNIT PER MONTH.
Residents, guests, and property managers have access to OHAI’s 24/7 Concierge support.
The OHAI app automates access so residents, guests, and housekeeping all have automated key access at the right times.
The OHAI app automatically schedules the cleaners, provides their checklists, and checks their completion status. Any complications are managed by your OHAI concierge.
The OHAI app controls access with direct integrations with Latch digital locks, Keycafé for metal keys, key fobs, or key cards, and code storage for key pad locks.
OHAI is a superior homesharing program.
ADDED +$8M TO EXIT VALUE IN 7 WEEKS
ADDED +$200/AVG PER UNIT PER MONTH IN HOMESHARING INCOME
ADDED +10%/AVG PER UNIT TO RENT VALUE
FILLED 100% OF AVAILABLE OCCUPANCY WITH HOMESHARING TENANTS IN 7 DAYS.
SCOTTSDALE IS AN EXTREMELY COMPETITIVE MARKET WITH ANOTHER AIRBNB-FRIENDLY BUILDING LESS THAN A MILE AWAY.
ADDED +1.8M IN INCREMENTAL REVENUE IN THE FIRST WEEK.
79% INCREASE IN EXIT VALUE IN 7 MONTHS
RENTS ARE UP 54%
RENTS ARE +39% HIGH THAN UNDERWRITING
OHAI amenities for you and your guests.
Homesharing-friendly apartments. Rent a place to live, homeshare when you're away.