A student accommodation management service says it’s seeking existing property owners to assist in its expansion.

Residium says it combines professionally managed accommodation with its own technology platform, Residium OS, to bring together maintenance, communications, events, career support and wellbeing services. 

Its first residence is in Coventry, near the University of Warwick. 

It says existing property owners who become “property partners” benefit from professional day-to-day management, promoting “greater visibility across occupancy, inspections, compliance, maintenance, and performance.”

A statement gives few details on costs but says “rather than paying Residium a conventional management fee, [owners] receive an agreed share of the revenue or value created.”  

A spokesperson says: “Our main goal is to make useful services, experiences, and opportunities more accessible to young people. Achieving that depends on the relationships surrounding the student living experience, which is why we want to work with partners that share our commitment to improving life for residents.  

“It’s important to remember that student accommodation is often the first experience young people have of living away from home. Many are adapting to a new country or city. 

“So, the more supportive services, relationships, and opportunities we can surround them with, the better. As our model grows, that network of support will continue to expand, providing even greater value to everyone involved”.