NAICS Code 531311-02 - Apartment Sharing Service
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NAICS Code 531311-02 Description (8-Digit)
Hierarchy Navigation for NAICS Code 531311-02
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Tools
Tools commonly used in the Apartment Sharing Service industry for day-to-day tasks and operations.
- Roommate matching algorithms
- Online profile creation tools
- Communication platforms (e.g. messaging, video chat)
- Lease preparation software
- Rent collection software
- Maintenance request tracking software
- Background check services
- Payment processing tools
- Marketing and advertising platforms
- Customer relationship management (CRM) software
Industry Examples of Apartment Sharing Service
Common products and services typical of NAICS Code 531311-02, illustrating the main business activities and contributions to the market.
- Roommate matching service
- Co-living platform
- Shared housing service
- Apartment sharing app
- Roommate finder website
- Co-housing community
- Shared living space provider
- Roommate search engine
- Co-living space operator
- Shared apartment management service
Certifications, Compliance and Licenses for NAICS Code 531311-02 - Apartment Sharing Service
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Fair Housing Act (FHA): The FHA prohibits discrimination in the sale, rental, and financing of housing based on race, color, religion, sex, national origin, disability, and familial status. The US Department of Housing and Urban Development (HUD) provides certification for compliance with the FHA.
- Americans with Disabilities Act (ADA): The ADA requires that businesses and services be accessible to people with disabilities. Apartment sharing services must comply with the ADA to ensure that their services are accessible to people with disabilities. The US Department of Justice provides certification for compliance with the ADA.
- Occupational Safety and Health Administration (OSHA) Certification: Apartment sharing services must comply with OSHA regulations to ensure the safety of their employees. OSHA provides certification for compliance with their regulations.
- National Apartment Association (NAA) Certification: The NAA provides certification for apartment industry professionals, including apartment sharing service employees. The certification covers topics such as leasing, marketing, maintenance, and management.
- Certified Apartment Manager (CAM) Certification: The CAM certification is provided by the National Apartment Association and covers topics such as property management, financial management, and risk management. This certification is designed for apartment managers, including those working in apartment sharing services.
History
A concise historical narrative of NAICS Code 531311-02 covering global milestones and recent developments within the United States.
- The Apartment Sharing Service industry has a long history dating back to the 1960s when the concept of roommates sharing apartments became popular in the United States. However, the industry gained significant momentum in the early 2000s with the advent of online platforms such as Craigslist and Airbnb, which allowed people to easily find and share apartments. In recent years, the industry has continued to grow with the emergence of new players such as Roomi, which offers a mobile app for finding roommates, and Badi, which uses artificial intelligence to match roommates based on their preferences and interests. The industry has also faced challenges such as regulatory issues and concerns over safety and security, which have led to increased scrutiny and calls for greater oversight.
Future Outlook for Apartment Sharing Service
The anticipated future trajectory of the NAICS 531311-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The Apartment Sharing Service industry in the USA is expected to continue its growth in the coming years. The industry is expected to benefit from the increasing demand for affordable housing options, especially among millennials and young professionals. The industry is also expected to benefit from the growing trend of co-living, which is becoming increasingly popular among young people. The industry is expected to face challenges from the increasing competition from other sharing economy platforms, such as Airbnb, but is expected to continue to grow due to the unique value proposition it offers to its customers.
Industry Innovations for NAICS Code 531311-02
Recent groundbreaking advancements and milestones in the Apartment Sharing Service industry, reflecting notable innovations that have reshaped its landscape.
- Bungalow: A startup that provides co-living spaces for young professionals in major US cities. Bungalow offers fully furnished apartments with shared common spaces, such as kitchens and living rooms, and provides a community experience for its residents.
- Common: A co-living startup that provides fully furnished apartments with shared common spaces, such as kitchens and living rooms, in major US cities. Common offers flexible lease terms and provides a community experience for its residents.
- Starcity: A co-living startup that provides fully furnished apartments with shared common spaces, such as kitchens and living rooms, in major US cities. Starcity offers flexible lease terms and provides a community experience for its residents.
- Ollie: A co-living startup that provides fully furnished micro-studios and shared suites with shared common spaces, such as kitchens and living rooms, in major US cities. Ollie offers flexible lease terms and provides a community experience for its residents.
- Roam: A co-living startup that provides fully furnished apartments and shared spaces in major US cities and around the world. Roam offers flexible lease terms and provides a community experience for its residents.
NAICS Code 531311-02 - Apartment Sharing Service
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