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Monetized Multifamily Home Sharing

  • Partnered with Airbnb
  • Access Untapped Revenue Streams
  • Empower Residents to Live Flexibly

Migo is an amenity that enables multifamily owners and residents to participate and profit from home sharing on Airbnb.

Airbnb

Share in the Returns

Migo’s new multifamily solution for home sharing on Airbnb pays off for everyone.

Apartment Door

$400-$600 NOI increase per unit per year*

2-3% above market renewal rates*

1-2% higher occupancy*

2-3% higher rents*

Data Source: Migo

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Flexibility for Modern Life

Your residents want freedom. They want mobility. They want financial well-being. And with the Migo home sharing solution at your fingertips, you can harness the power of RealPage® to deliver the only comprehensive suite of technology and services needed to successfully manage, monitor, and monetize home sharing on Airbnb in multifamily communities. Unlock new revenue streams for your property while supporting residents’ desire for flexibility and the ability to offset their rent by up to 20%.

One-Stop Solution

Migo has cracked the code to multifamily home sharing on Airbnb.

Migo by RealPage is the only comprehensive product suite designed to provide all the services you need to add true home-sharing capabilities to your multifamily community. Plus, our demand pricing tool displays and monitors the market, delivering optimized unit per night pricing, so you can be assured that your units will be priced at the most competitive market rates.

Featuring a clean, intuitive interface for owners, a rich mobile experience for residents, and the ability to sync effortlessly with resident portals or be used as a stand-alone app. Migo simplifies and secures the multifamily short-term rental experience—for owners, residents, guests, and community managers.

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Truly Flexible Product Suite

Migo home sharing accommodates every type of multifamily home sharing to best fit owner and resident preference.

Utilizing our proprietary software suite, residents and owners can list their units on Airbnb using our Self-Service or Full-Service options.

With both, Migo monitors and alerts you if residents and/or short-term guests are not following the terms and restrictions your community owners have established for home sharing.

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Self-Service

Resident or owner is responsible for their unit’s Airbnb listing, guest communication, access control, cleaning, and managing each booking from start to finish – facilitated through our proprietary tech tools.

Full-Service

Migo’s host team manages every aspect of the unit’s Airbnb listing and booking process, including communicating with guests, scheduling cleaning, and granting guest access. Owners and residents go online and set the availability of their units — we’ll take care of the rest.

How it Works

Easy as 1, 2, 3…

Once you’re ready, getting started is easy. The Migo team will perform the following steps.

  1. Determine if the community is in a city and state that is viable based on regulations and local laws.

  2. Run a detailed analysis on the community to determine if the exact parcel, technology infrastructure, and building condition makes it a viable home sharing candidate.

  3. Provide the optimal Migo product recommendations for your approval, triggering the Migo implementation process.

Phones

When They Share, You Earn!

Maximize rents and retention rates by delivering differentiated amenities that bring real value to resident lives. With Migo, there’s a lot to gain from offering home sharing for your residents, including additional revenue for your property.

Use our home sharing calculator to see what home sharing can generate for your community.

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How Does This Calculator Work?

Our calculator feeds your community address into the AirDNA* database to compile an extensive list of nearby short-term rentals, creating an index based on relevance. The more similar the property’s attributes – the more of a bearing it has on the calculation. It also factors in market-wide metrics such as seasonality, rental demand, and revenue growth.
By comparing similar assets, location, and unit count/unit types, this calculator can make highly accurate assumptions about the earning potential. While actual results may vary based on external factors (e.g. changing regulations), community owners are able to gain insights into how much their communities could earn by utilizing home sharing.

Our calculator feeds your community address into the AirDNA* database to compile an extensive list of nearby short-term rentals, creating an index based on relevance. The more similar the property’s attributes – the more of a bearing it has on the calculation. It also factors in market-wide metrics such as seasonality, rental demand, and revenue growth.
By comparing similar assets, location, and unit count/unit types, this calculator can make highly accurate assumptions about the earning potential. While actual results may vary based on external factors (e.g. changing regulations), community owners are able to gain insights into how much their communities could earn by utilizing home sharing.

*AirDNA is not authorized, endorsed by or otherwise affiliated with Airbnb

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Platform Agnostic

Migo is platform agnostic—to be as flexible as possible. Whichever property management system (PMS) you use, Migo will connect because ease and connection come first.

Need Smart Access Control?

Migo requires one of several home sharing capable access control systems. However, when Migo is paired with RealPage CommunityConnect© for Sidewalk to Sofa™ access control, owners can unlock even more untapped revenue streams. Find out how to start maximizing revenues, increasing retention rates, and differentiating your community with Migo today.

Start maximizing revenues, increasing retention rates, and differentiating your community with Migo today!

*Based on Migo modeled data as of June 2021. Statistics are representative of average performance in locations where home sharing is permitted by local laws. Actual results may vary and are not guaranteed.

Frequently Asked Questions

General

Resident Homesharing

Community & Staff

Guests