It might depend on the market, but I live up the street from a three-apartment building that was occupied by a co-op for a long time. The co-op residents enforced stuff like not messing up the house, and because lots of people wanted to live in the co-op the landlord never had to worry about vacancies.
Assuming the landlord likes the initial group of tenants, having a group of tenants who will pre-vet new tenants and will find those tenants themselves should be very appealing.
This would require patience and risk-tolerance on the part of the initial group, if they’re renting apartments or buying houses in an area where they hope more will become available but don’t know when (and don’t know that their friends will still want to join them when space is available.)
It might depend on the market, but I live up the street from a three-apartment building that was occupied by a co-op for a long time. The co-op residents enforced stuff like not messing up the house, and because lots of people wanted to live in the co-op the landlord never had to worry about vacancies.
Assuming the landlord likes the initial group of tenants, having a group of tenants who will pre-vet new tenants and will find those tenants themselves should be very appealing.
This would require patience and risk-tolerance on the part of the initial group, if they’re renting apartments or buying houses in an area where they hope more will become available but don’t know when (and don’t know that their friends will still want to join them when space is available.)