Orion Haus turns tenants into real estate investors
United States: Miami-based multi-family management company Orion Haus has announced that in support of its mission to democratize the colocation industry, it will also allow tenants to own the business.
The company manages $ 200 million in assets and a waiting list of more than 30,000 people ready to move in. While the average American spends half of their income on rent, Orion Haus tenants can earn money while they are away by subletting to travelers on Airbnb, Vrbo, and Google.
Cindy Diffenderfer, Co-Founder and CEO of Orion Haus, said: “Renting can seem like a waste of your money, but the barriers to real estate ownership are too high, leaving ordinary tenants with no way to monetize their homes. Orion Haus prioritizes tenants and allows them to earn money on their apartment. In fact, we don’t just allow it, but we give them all the professional tools to be as profitable as possible.
Kanan Whited, Co-Founder and Marketing Director of Orion Haus, said, “Call it short-term rental, vacation rental or sublet, whatever you call it. The point is, in most cases, you have to own real estate to monetize it.
“At Orion Haus, however, we allow tenants to share their home without the 30-year mortgage and the unaffordable down payment. All you need is a standard 12 month lease, and you are ready to start making money, ”he added.
Diffenderfer said: “VCs have been heavily invested in space for years, but now Orion Haus is creating opportunities for everyone, young and old. And we’re going one step further, also letting our tenants own equity in the business itself.
“We are here to support the everyday tenant who works day and night trying to make a good life for themselves and their families. Now when they pay rent to Orion Haus, they can feel good knowing that they also own the business, ”she added.
In May, Orion Haus announced it was adding ten apartment buildings and 1,588 units to its national portfolio, including in Atlanta, Austin, Houston, Memphis and Orlando, in what it claimed to be “the largest multi-family rental transaction in. short term of history ”. .
The intention behind the transaction was to enable Orion Haus to better serve its tenant community as it seeks to capitalize on the growing demand for flexible housing solutions.
The company is expanding rapidly and is now looking to create the largest and most diverse ownership group for Orion Haus.
For more information, visit the Orion Haus website.