- Do I need prior experience in accommodation operations?
- No experience is required. In reality, accommodation operations involve multiple specialized areas such as site selection, licensing, spatial planning, marketing, reservation management, and customer service. MONTHLIV's partnership model integrates all of these processes under the headquarters. This allows partners to participate in the business without needing prior operational experience.
- Do I need to manage the property myself?
- No. MONTHLIV operates on a fully managed system. Our dedicated in-house team handles 100% of operations, including maintenance, marketing, and customer service (CS). This structure enables partners to maintain stable returns even if they have a full-time job or are unable to manage operations directly.
- Will increasing regulations create operational risks?
- Regulatory risk has been a top priority from the very beginning. All projects proceed only after securing the necessary licenses and approvals. We collaborate with legal firms to proactively respond to regulatory changes. Licensed locations continue to operate in compliance with applicable standards. To date, we have operated approximately 40 locations without any major regulatory issues.
- Will vacancy rates increase during an economic recession?
- While demand may fluctuate with economic conditions, MONTHLIV serves a relatively low-cyclic, essential housing demand segment. During recessions, demand often shifts from premium housing to more affordable options, benefiting products like MONTHLIV. In fact, we maintained over 80% occupancy even during the COVID period. Additionally, our location strategy that is focused on areas near transit hubs helps ensure strong demand recovery. This structure supports stable operations even in changing economic conditions.
- What about competition from large platforms like Yanolja or Zigbang?
- If large platforms enter this market, we believe it is more likely to lead to acquisition opportunities rather than direct competition. Building the same operational capabilities internally would require significant time and investment - often 5+ years. Acquiring an established business is typically faster and more efficient. MONTHLIV already has: A community of 90,000 members 40+ operating locations These are immediately valuable assets for platform companies. Therefore, this market presents not only operational potential but also strong exit opportunities.
- Can I get a consultation if I only own a building?
- Yes. Initial consultation is possible based solely on property ownership. We will evaluate factors such as location suitability, operational structure, and revenue potential, and provide guidance on feasibility and next steps.
- Can I convert my existing single-person residence or accommodation into MONTHLIV?
- Yes, conversion is possible depending on the conditions. Existing properties can be reviewed based on: - Location - Facility condition - Licensing requirements If they meet MONTHLIV’s operational standards, rebranding and operational transition can be carried out. Detailed feasibility and conversion plans will be discussed during consultation.
FAQ
Frequently Asked Questions
We’ve gathered the most common questions from prospective partners
The most common questions from potential partners
We address them one by one at the MONTHLIV seminar
Inquiry
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Inquiry
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