Convert your property to a managed co-living home and earn 30–50% above market rent — with zero vacancy management on your end. We handle tenants, rent collection, maintenance, cleaning, and turnovers.
Numbers from our active partner properties across Vancouver and Toronto.
4-bedroom townhouse in Mount Pleasant, Vancouver. Same property, two ways to lease it.
You sign one master lease with Vanmates. Everything below is on us.
We source, screen, sign, and onboard each tenant. You never interview anyone.
Auto-pay from each tenant. You receive one consolidated payment from us, on the same day every month, by direct deposit.
We handle tickets <$200 with our own trades. Anything bigger we get your sign-off, then coordinate.
Bi-weekly common-area cleaning and full deep-cleans between tenants. Included in our fee.
After the first 60 days, if a room sits empty more than 30 days, we credit you the lost rent until we fill it. We have skin in the game.
You shouldn't see any of it. If a tenant has to go, we handle the whole process — your monthly payment is unaffected.
Not every place is a fit. Here's what makes a property a strong co-living candidate.
The math works best with 4–6 private rooms. 3-bed properties also work in premium neighbourhoods.
Within 10 min walk to a major bus route or 20 min walk to SkyTrain / TTC. International students rarely have cars.
A real living room and kitchen big enough for the household. Houses with one tiny galley kitchen need work first.
Doesn't need to be new. Does need to be safe, clean, and free of major deferred maintenance. We can advise on small upgrades that pay back.
Vancouver: Kits, Mt Pleasant, Marpole, Burnaby Heights, Commercial Drive, Downtown. Toronto: Annex, Liberty Village, Leslieville, Junction, North York. Montreal: Plateau, Mile End, Verdun.
Most zones allow unrelated co-living (we'll check). For condos, we read your bylaws and confirm before any lease.
Send us your address. Within 48 hrs you get a written rent estimate, monthly net to you, any setup recommendations, and timeline.
We sign a 1- to 3-year master lease with you. Standard terms — most owners sign in a week. Lawyer review encouraged.
We furnish (if needed), photograph, list, and start tenant outreach. Usually 7–14 days.
Most properties have their first tenant in within 30 days of signing. You start receiving monthly payouts on day 60.
1- to 3-year term, fixed monthly payment to you, Vanmates is the named tenant on title. We're responsible for all sub-tenants and any damage they cause beyond normal wear-and-tear. We're happy to share a redacted sample with serious inquiries.
Vanmates. We collect security deposits from each tenant and carry liability insurance specifically for managed co-living. Beyond normal wear-and-tear, you don't pay for tenant damage — we do.
Strongly recommended (furnished co-living rents 25–35% more than unfurnished). We can either bring our own furniture package (you reimburse over 12 months) or work with what you already have. Either way we handle setup.
Most residential mortgages allow rentals (some require notification). Strata/condo bylaws vary — we read yours before signing and won't proceed if there's a real conflict. Single-family homes generally have no issue.
The master lease has standard termination clauses with 60–90 days notice (depending on tenant transition). For sale of the property, we work with you to either continue the leases under the new owner or wind them down on your timeline.
Yes — we operate fully within BC's Residential Tenancy Branch and Ontario's Landlord and Tenant Board frameworks. Our master lease and tenant sub-leases are RTA/RTB compliant.
Send us a few details. Within 48 hours you'll get a written estimate of rent uplift, projected net income, and any setup recommendations — no commitment.
The more details you share, the more accurate the estimate.
Hundreds of property owners across Vancouver and Toronto have switched to managed co-living. The math usually wins, and the time saved compounds.