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Submission: On June 06 via manual from US — Scanned from DE
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Homeowners Renters Protection Plan FAQ Sign up Login Login Sign up THE SIMPLEST AND MOST SECURE WAY TO SHARE YOUR HOME Find a vetted, compatible housemate and make living in your home much more affordable. List your Home Sign a lease within 30 days of joining CoLife and get an extra $75 with your first rent payout. Rewarding Earn up to $1,300+ per month. Unlock a steady stream of passive income with CoLife by making use of your unused room. Sign up and start earning today! Secure CoLife runs complimentary background and credit checks on renters ensuring a safe and comfortable living space. Most homeowner policies do not cover renting a room in your home. CoLife does by providing a $1M liability policy for homeowners. We guarantee that you’ll receive rent payments every month. That's right. We make sure you get paid! We give you an up to date lease according to your state's laws. If anything goes wrong, our housing attorney will handle the situation, free of charge! Flexible Enjoy the flexibility of renting out a room for a long time period or just a few months out of the year. With CoLife, you get to choose when to rent your place and for how long. A co-living platform you can trust Sharing a home is an extremely personal experience. A CoLife Match Maker will hand select your potential matches based on a nuanced understanding of your needs and values. 96% Matching Success Rate 98% Roommate Satisfaction Score $850+ Average rents Renting a room, made safe and easy. Create a profile and add preferences Personalize your co-living experience: Create a profile and define your renter preferences for seamless roommate matching. Stay protected throughout your lease CoLife pays you on the first of every month. We also provide you a $1M liability policy. If anything goes wrong throughout the duration of your lease, we can help and have a housing attorney available free of charge. Browse matches and chat with potential renters Connect with compatible renters effortlessly: Browse potential matches and engage in seamless chats to find the perfect match. Renting a room, made safe and easy. Create a profile & add preferences Whether you have a team of 2 or 200, our shared team inboxes keep everyone on the same page and in the loop. Background & credit check completed Measure what matters with CoLife’s easy-to-use reports. You can filter, export, and drilldown on the data in a couple clicks. Get curated, pre-vetted matches An all-in-one customer service platform that helps you balance everything your customers need to be happy. Renting a room, made easy. Create a profile & add preferences Personalize your co-living experience: Create a profile & define your renter preferences for seamless roommate matching. Browse matches & chat with potential renters Connect with compatible renters effortlessly: Browse potential matches & engage in seamless chats to find the perfect match. Sign a lease, including your ideal terms! Embrace a seamless transition for your new renter: Sign the lease, define rental terms, and welcome them into your home. Here’s what some of our customers have to say! "I've never done something so safe, easy, and financially sound in my entire life." Elise L. "I just wish I had CoLife when I lived in LA. I wasted so much time searching only to find sketchy places." Leslie R. “I felt comfortable knowing guests were background and credit checked, and had been vetted to match how I live.” Tim A. MAKE $1,300+ PER MONTH IN ADDITIONAL INCOME Unlock a steady stream of passive income with CoLife. What could you do with an extra $1,300 per month? List your home today LEASE AROUND YOUR SCHEDULE WITH SHORT OR LONG TERMS STAYS. We offer the flexibility to lease rooms on your own terms, adapting to your schedule and maximizing your earning potential. LIVE WITH A CAREFULLY VETTED PERSON WHO SHARES YOUR LIVING STYLE AND VALUES Ensure you’ll be compatible with someone who shares your values and living style, creating a comfortable and harmonious living environment. Review our code of ethics We put your safety and financial security first Background checks and credit checks performed on all renters $1 million liability protection plan and coverage against property damages We cover renters up to $500,000 of liability damages If anything ever goes wrong our housing attorney will take care of it, free of charge Lease terms are always in compliance and up to date with state law We guarantee that you’ll receive rent payments every month Talk with a Match Maker about our CoLife protection plan and any exclusions that apply. List Your Home You have questions? We’ve got answers. How am I protected as a homeowner? For Homeowners, CoLife offers peace of mind to protect your most important and valuable asset while renting a room in your home. • $1 million liability policy and protection against property damages • Up to $500,000 of real property damage subject to a deductible of $2,500 • Protects personal property (i.e. contents) when caused by a renter, with a $2,500 limit subject to a deductible of $250 • Up-to-date lease according to state by state law • Background and credit checks on all guests • We will find homeowners a new renter if ever needed so long as they are an active member on our platform • We guarantee your rent in your account EVERY MONTH, and in the very rare case that it's needed, our attorneys will handle any necessary evictions What are CoLife's fees? At CoLife, our fees are designed to provide you with a range of valuable services and benefits. We charge a fee that is built into the monthly rent charged to renters. In exchange for this fee, you gain access to our comprehensive platform and a host of additional perks. By paying the fee, renters receive access to our user-friendly platform, where you can search for and connect with background-checked and vetted homeowners. Additionally, our state-of-the-art protection plan offers an added layer of security and peace of mind during your tenancy. CoLife also provides up-to-date lease agreements that comply with relevant regulations, ensuring a clear understanding of your rights and responsibilities as a homeowner. In the event that you require legal advice or assistance, you can take advantage of access to an attorney through our platform.We believe in transparency and offering a fair value for our services. Our fee structure allows us to continually improve and enhance the CoLife experience, providing you with the necessary tools, protection, and support throughout your renting journey. How will CoLife keep my information safe and secure? All of our background and credit checks are done by a third party trusted vendor. We keep all other private information, addresses, phone numbers, email addresses, etc., private, until an interested party has completed their background and credit check. How does CoLife vet renters? At CoLife, we have a thorough vetting process in place to ensure the quality and reliability of renters on our platform. Our vetting process includes multiple steps, including a comprehensive background check, credit check, and application review. During the background check, we verify important details such as identity, employment history, and rental history. This helps us assess the trustworthiness and credibility of renters. We also conduct checks on criminal records and any relevant public records to ensure the safety and security of our homeowners.In addition, we perform a credit check to assess the financial responsibility and ability to fulfill rental obligations. This helps us evaluate the financial stability of renters and their ability to make timely rent payments. Furthermore, our team carefully reviews each renter's application, which includes providing details about their housing preferences, desired location, and any specific requirements they may have. We pay close attention to factors such as their rental history, employment stability, and overall suitability for our community. By combining the background check, credit check, and application review, we aim to create a trustworthy and reliable community of renters on our platform. This comprehensive vetting process helps us ensure that homeowners have peace of mind when selecting renters for their properties and fosters a secure and harmonious environment within the CoLife community. Ready to get started? Join others who have started sharing a home on CoLife. 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