Based on looking at the website, Roam.co appears to be a former co-living and remote work space provider that is currently undergoing a significant business model transformation.
They are not actively offering their own spaces for booking at this time, instead pointing users to third-party partners for their former locations.
The site indicates a shift towards becoming a “broadly owned real-estate company,” with future plans to be announced.
This suggests Roam.co is in a transitional phase, making it challenging to review as a direct service provider.
Here’s an overall review summary:
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- Current Status: Transitional. not actively offering direct bookings.
- Previous Model: Co-living and remote work spaces across three continents.
- Future Direction: Converting to a “broadly owned real-estate company.”
- Website Clarity: Provides a clear explanation of their current situation and future intentions.
- Transparency: Open about past business challenges and reasons for the pivot.
- Ease of Use: Simple, informative website for understanding their current state.
- Ethical Stance Previous Model: The concept of co-living and shared spaces for work and living can be ethically sound, promoting community and efficient use of resources. However, without details on the specific practices within their previous spaces, a full ethical assessment is difficult.
- Ethical Stance Future Model: The shift to a “broadly owned real-estate company” could be ethically sound if structured transparently and focused on permissible investment and community development.
Roam.co, or rather its past iteration, offered a unique proposition: co-living and co-working spaces designed for digital nomads and those seeking a more communal yet private living experience.
They aimed to foster a sense of belonging and connection among diverse individuals, allowing them to “meet people they wouldn’t have otherwise.” While this vision of community and shared resources is appealing, the website explicitly states that their previous model of “leasing buildings in exceedingly expensive cities… and running them at a loss backed by speculative capital” was “not a good long-term business.” This transparency is commendable, highlighting the inherent financial risks and challenges in such ventures.
As they pivot to a new real estate model, the focus is now on future development rather than current offerings.
For those interested in ethical and sustainable living or remote work solutions, it’s crucial to look for stable, transparent businesses.
Since Roam.co is in a state of flux, direct comparisons to active co-living or co-working providers are difficult.
Instead, consider these alternatives that focus on ethical practices, community, and genuine value, often found in well-established and transparent operations.
Best Alternatives for Ethical Living & Remote Work Solutions:
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Common Living: Common Living offers co-living spaces designed for community and convenience, often with fully furnished rooms, shared amenities, and community events.
- Key Features: Private bedrooms in shared suites, all-inclusive utilities, regular cleaning, community events, flexible lease terms.
- Average Price: Varies significantly by city and room type, typically ranging from $800 – $1800+ per month.
- Pros: Strong emphasis on community, hassle-free living, often more affordable than traditional apartments in prime locations, professional management.
- Cons: Less privacy than a traditional apartment, shared living might not suit everyone’s preference, limited locations compared to broad traditional housing.
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WeLive: An offshoot of WeWork, WeLive provides furnished apartments and shared amenities, aiming to build a vibrant residential community.
- Key Features: Furnished apartments, shared communal spaces kitchens, lounges, fitness centers, events, flexible leases.
- Average Price: Varies widely by location and unit size, often comparable to market-rate furnished apartments.
- Pros: High-quality furnishings, extensive amenities, built-in community, convenient for short-term stays.
- Cons: Can be expensive, dependent on WeWork’s overall stability, less focus on long-term residential integration.
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Kndrd formerly Hacker Paradise: Focuses on curated remote work and travel experiences, allowing digital nomads to connect, work, and explore together in different locations.
- Key Features: Organized trips to various global destinations, dedicated workspace, curated community of remote professionals, accommodation included.
- Average Price: Program fees vary per trip duration and location, typically ranging from $2,000 – $4,000+ per month.
- Pros: Excellent for networking and collaboration, all-inclusive package, removes logistical stress of planning, strong community aspect.
- Cons: Less permanent than co-living, requires significant upfront investment, not suitable for those preferring solo travel.
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Outpost Co-Living: Offers beautiful and inspiring co-living spaces primarily in Bali, designed for remote workers and creative individuals.
- Key Features: Private rooms or shared dorms, co-working facilities, wellness programs, community events, tropical locations.
- Average Price: Varies based on location and room type, often ranging from $500 – $1500+ per month.
- Pros: Focus on wellness and balance, stunning locations, strong community vibe, good for long-term stays.
- Cons: Limited to specific exotic locations, less suitable for those needing urban convenience.
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Sonder: While not strictly co-living, Sonder offers design-forward apartments and hotel rooms with a focus on seamless, tech-enabled stays, providing a flexible alternative for those seeking privacy with hotel amenities.
- Key Features: Fully furnished apartments, contactless check-in, professional cleaning, hotel-like services, various apartment sizes.
- Average Price: Varies greatly by city and unit size, often competitive with boutique hotels.
- Pros: Professional management, consistency across locations, good for short- to medium-term stays, blends hotel and apartment living.
- Cons: Less of a dedicated “community” focus than true co-living, less ideal for very long-term residential needs.
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HomeAway now part of Vrbo: For those seeking independent living but still wanting short-term options or community in local settings, platforms like Vrbo offer numerous vacation rentals, including homes with shared spaces or rooms for rent, allowing for careful selection based on ethical hosts and property types.
- Key Features: Wide range of vacation homes and apartments, various price points, direct communication with hosts, filters for amenities.
- Average Price: Highly variable depending on location, property size, and duration.
- Pros: Flexibility in choice, ability to find unique accommodations, suitable for families or groups, direct booking with owners.
- Cons: No consistent community aspect, quality varies by host, requires more personal vetting of listings.
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NomadList Community & Resources, not direct booking: While not a direct alternative for booking spaces, NomadList is an invaluable resource for digital nomads looking for ethical and suitable locations. It provides data on cities worldwide, including cost of living, safety, internet speed, and community activity, helping individuals find places conducive to their lifestyle and values.
- Key Features: City comparison tools, community forums, data on nomad-friendly locations, job boards, cost of living breakdowns.
- Average Price: Membership fee one-time or annual for full access to features.
- Pros: Comprehensive data-driven insights, vibrant community, helps in ethical location selection, invaluable for planning.
- Cons: Does not provide direct housing. requires separate booking, information relies on user contributions.
Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.
IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.
Roam.co Review & First Look: A Business in Transition
Based on its website, Roam.co is currently undergoing a significant metamorphosis, shifting from a direct provider of co-living and co-working spaces to a “broadly owned real-estate company.” This isn’t your typical product review because, for now, there’s no direct service to subscribe to or physical space to inhabit under the Roam.co brand.
Instead, the website acts as a public announcement of this strategic pivot, detailing the reasons behind it and hinting at future endeavors.
The candid admission of past financial unsustainability, particularly “running them at a loss backed by speculative capital,” provides a rare glimpse into the challenges of scaling ventures in expensive urban markets.
For potential users looking for immediate co-living solutions, Roam.co explicitly directs them to third-party partners like Sonder, Selina, Outpost, Collective, and OYO for their former locations.
This transparency, while highlighting a pause in their direct operations, also lays the groundwork for what they hope will be a more sustainable model. Blackjason7.com Review
Understanding Roam.co’s Transformation
The website clearly communicates that the previous Roam model, while successful in building a community and garnering media attention from The Economist and The New York Times, was not financially viable long-term.
This pivot to a “broadly owned real-estate company” implies a shift from a service-centric model to an asset-based one, likely involving more stable, long-term investments in properties.
This could potentially allow them to build a more resilient foundation, moving away from the “weird cultural boom” they identified as contributing to their previous challenges.
Ethical Considerations of the New Model
From an ethical perspective, the concept of a “broadly owned real-estate company” could align with Islamic principles if structured as a form of shared ownership, emphasizing equitable returns, transparency, and investments in beneficial community assets.
The avoidance of “speculative capital” in their new model is a positive sign, as excessive speculation is generally discouraged in Islamic finance. All4hvac.com Review
Future developments will reveal whether their real estate ventures focus on genuinely needed housing and communal spaces, fostering positive social impact, or if they lean towards purely profit-driven, potentially exploitative, models.
Roam.co’s Strategic Pivot: Addressing Past Challenges
The narrative on Roam.co’s homepage is unusually frank about the difficulties faced by their previous co-living business.
They explicitly state that operating in “exceedingly expensive cities at what is most likely already the tail end of an economic and weird cultural boom” and simultaneously “running them at a loss backed by speculative capital” was unsustainable.
This provides valuable insight into the volatile nature of certain market segments and the pressures faced by startups reliant on venture capital.
The decision to “take the year off” and restructure is a bold move, signaling a commitment to long-term viability rather than clinging to a failing model. Gloucesterdriveways.com Review
The Problem with “Running at a Loss”
The concept of “running at a loss” might be common in early-stage startups aiming for rapid growth, but it’s a model that eventually requires massive capital injections or a significant pivot to profitability. For Roam.co, this became unsustainable.
This situation highlights the importance of sound financial planning and seeking sustainable growth models from the outset, rather than relying indefinitely on external funding to cover operational shortfalls.
Businesses built on genuine value creation and prudent financial management tend to be more resilient and ethically sound in the long run.
Moving Beyond “Speculative Capital”
The website’s mention of moving away from “speculative capital” is a key indicator of their intended ethical shift.
Speculative capital often implies investments made purely for short-term gains, often without a strong underlying productive asset or service, and can lead to inflated valuations and market instability. Worrydream.com Review
By aiming to become a “broadly owned real-estate company,” Roam.co might be looking at more tangible, asset-backed investments that offer more predictable, albeit perhaps slower, returns.
This aligns with a more grounded approach to business, which is often more stable and less prone to the boom-and-bust cycles associated with speculative markets.
Roam.co Alternatives: Exploring Ethical Living and Workspace Solutions
Given Roam.co’s current transitional phase, it’s more beneficial to explore established and ethically aligned alternatives for co-living, co-working, or flexible accommodation.
The core appeal of Roam.co was community, shared resources, and flexibility for remote workers.
Many other platforms and companies cater to these needs, often with transparent business models and a focus on fostering genuine connections. Sharingxchange.com Review
When evaluating alternatives, consider those that prioritize fair pricing, transparent terms, and a healthy, inclusive environment.
Co-Living and Community-Focused Alternatives
For those seeking a direct replacement for Roam.co’s previous co-living model, several reputable companies offer similar experiences with varying focuses.
Look for organizations that have a strong track record, clear community guidelines, and a commitment to resident well-being.
- Common Living: As mentioned earlier, Common is a leading co-living operator with a focus on affordability and community. They often provide fully furnished spaces, included utilities, and curated events, making it easy to settle in and connect with others.
- Kndrd formerly Hacker Paradise: While more travel-centric, Kndrd creates a strong sense of community by bringing remote professionals together in various locations for organized trips. This is ideal for those who enjoy structured networking and exploring new places with like-minded individuals. Their focus on productivity and shared experiences makes them a strong contender for the “digital nomad” segment.
- Outpost Co-Living: For a more serene and wellness-oriented experience, particularly in South East Asia, Outpost offers beautiful spaces designed for focus and relaxation. They emphasize a balanced lifestyle for remote workers, often including yoga, meditation, and healthy food options.
Flexible Accommodation and Workspace Alternatives
If the primary need is flexible living or dedicated workspace without the deep community immersion of co-living, other platforms provide excellent options.
- Sonder: Sonder offers stylish, furnished apartments and hotel rooms that blend the convenience of a hotel with the space and privacy of an apartment. Their tech-enabled check-in and consistent quality make them a reliable choice for short- to medium-term stays, particularly in urban centers. They don’t emphasize community events but provide a comfortable and functional base.
- WeWork / Regus: For co-working needs specifically, these established players offer a vast network of shared office spaces, private offices, and meeting rooms globally. They provide professional environments, high-speed internet, and networking opportunities, which are crucial for remote workers seeking dedicated workspaces separate from their living arrangements.
- Vrbo / Airbnb: For more independent living, these platforms allow you to rent entire homes, apartments, or private rooms. While not built for community in the same way as co-living, they offer immense flexibility in terms of location, duration, and property type. Ethical considerations here involve choosing hosts with good reputations and ensuring fair dealings.
How to Navigate Roam.co’s Current State: No Direct Bookings
It’s critical to understand that, as of its current website presentation, Roam.co is not accepting direct bookings for its own spaces. Their current message is clear: they are in a transitional period, converting their business model. Therefore, any attempt to “book” or “subscribe” to Roam.co services directly through their site will be unfruitful. Instead, the website explicitly directs visitors to third-party partners who are now managing their former properties. This means if you are interested in a location that was previously a Roam property, you will need to engage with one of these external companies. Diropia.com Review
Booking Former Roam.co Locations
The Roam.co website lists several partners through which their previous locations can now be booked. These include:
- Sonder San Francisco: For those interested in their former San Francisco location, the link provided goes to a Booking.com page for a “Lovely Guest Rooms at Alamo Square Park” managed by Sonder. This indicates a traditional hotel/apartment booking model.
- Selina Miami: The Miami location is now under Selina, a well-known hospitality brand focusing on blended hotel and co-living experiences, often with co-working spaces and wellness programs.
- Outpost Ubud: Their Ubud property is now part of Destination Outpost, which offers co-living and co-working spaces in Bali, known for a focus on a balanced lifestyle.
- Collective London: The London site is managed by The Collective, a large co-living provider with a strong emphasis on community and shared amenities.
- OYO Tokyo: The Tokyo property is now part of OYO Rooms, a global hospitality chain.
It is essential for users to visit the respective websites of these third-party partners to inquire about availability, pricing, and booking details.
Roam.co itself serves only as a referral point in this instance.
Implications for Future Plans
The redirection to partners signals that Roam.co is disentangling itself from direct operational management of properties and shifting towards a more strategic, potentially ownership-based, real estate model. This means that if “the next generation of Roams” does materialize, it will likely be under a new structure, potentially involving joint ventures, direct property ownership, or a different operational model altogether. For now, the user journey for those interested in Roam’s past offerings is entirely through external entities.
Roam.co Pricing: No Direct Offerings, Only Referrals
As Roam.co is not currently offering direct services, there is no Roam.co pricing structure to review or subscribe to. The website clearly indicates that they are taking a year off and converting their business model. Therefore, any pricing information you might seek for “Roam.co services” is irrelevant to their current operational status. What is relevant are the pricing models of the third-party partners to whom Roam.co refers its former locations. Streamsmart.net Review
Understanding Pricing for Former Roam.co Locations
If you are interested in staying at a property that was once managed by Roam.co, you will need to check the pricing directly with the respective new operators.
These operators each have their own pricing strategies, which typically vary based on:
- Location: Major cities like San Francisco, London, and Tokyo will naturally have higher prices than locations like Ubud.
- Room Type: Prices will differ for private rooms, shared dorms, or fully private apartments.
- Duration of Stay: Discounts are often available for longer-term bookings e.g., monthly rates versus daily rates.
- Included Amenities: Some operators might include utilities, cleaning, and community events in their base price, while others may charge extra.
- Seasonal Demand: Prices fluctuate based on tourism seasons, major events, and local demand.
For example:
- Sonder: Typically operates on a dynamic pricing model similar to hotels, with prices varying by night, room type, and availability. You would find these rates on Booking.com or Sonder’s own website.
- Selina: Offers a range of accommodation from dorms to private rooms, with pricing often structured daily or weekly, influenced by their focus on events and experiences.
- Outpost: Likely offers monthly or longer-term packages, appealing to digital nomads seeking a base for extended periods, with pricing reflecting the inclusive nature of co-living and co-working.
- Collective: Given their scale, they likely have structured pricing for various room types and lease lengths, often competitive for the London market.
- OYO: Known for budget-friendly accommodations, their pricing will be competitive for the Tokyo market, often offering straightforward daily rates.
It’s crucial to visit the individual websites of these partner companies to get accurate and up-to-date pricing for the locations you are interested in.
Roam.co vs. Traditional Co-Living Providers: A Shifting Landscape
The comparison between the former Roam.co and traditional co-living providers is no longer a direct one, as Roam.co has ceased its direct operational model. Kidselectriccars.ie Review
However, understanding what set Roam.co apart and how it aligns with or diverges from the broader co-living industry provides valuable context.
Traditionally, co-living spaces aim to offer flexible, furnished housing with shared amenities and a built-in community, often targeting digital nomads, young professionals, and those seeking convenience in expensive urban centers.
Former Roam.co’s Distinctive Approach
Prior to its pivot, Roam.co distinguished itself by:
- Global Footprint and Digital Nomad Focus: Roam.co specifically targeted the digital nomad community with locations across different continents, facilitating a seamless transition between destinations. This was a key differentiator compared to many co-living spaces that focus on a single city or region.
- Emphasis on “Adventure” and Exploration: The website’s old messaging often highlighted the “adventure” aspect of living and working in new places, appealing to those seeking more than just a place to stay but an experience.
- Curated Community: While all co-living aims for community, Roam.co tried to foster a deeper sense of connection among diverse individuals, as evidenced by testimonials about meeting strangers and building trust.
How Traditional Co-Living Compares
Traditional co-living providers like Common Living, The Collective, or Selina generally offer:
- Standardized Services: Many provide similar amenities: furnished rooms, shared kitchens/lounges, utilities included, cleaning services, and community events.
- Localized Presence: While some have multiple locations, few had the same global, “roaming” vision that Roam.co had, often focusing on depth within specific urban markets rather than breadth across continents for transient stays.
- Varied Price Points: Co-living can range from budget-friendly dorm-style setups to luxury private suites, catering to different income levels.
- Business Model: Most operate on a long-term lease or ownership model, directly managing their properties and tenant relationships.
The Impact of Roam.co’s Pivot
Roam.co’s decision to shift its model underscores the financial fragility of scaling a global co-living operation, especially when reliant on speculative capital and operating at a loss. Zinnialive.com Review
This move might indicate a more sustainable future for them in the real estate sector.
For the co-living industry as a whole, it highlights the need for robust financial models and diversified revenue streams beyond just monthly rent to ensure long-term viability.
The fact that their former locations were absorbed by other established players Sonder, Selina, Outpost, Collective, OYO suggests a consolidation in the market, with larger players potentially benefiting from acquiring established footprints.
How to Stay Updated on Roam.co’s “Next Generation”
Given Roam.co’s current transitional phase, there’s no “subscription” to cancel in the traditional sense, nor is there a free trial to manage.
Instead, the focus for interested individuals is on staying informed about their upcoming plans. Bowsandco.com Review
The website clearly states their intention to relaunch as a “broadly owned real-estate company” and promises to share more details “soon here and over at Purpose Trust.” This indicates that updates will primarily be communicated through their existing digital channels.
Following Updates on Roam.co’s Website
The most direct way to stay informed about Roam.co’s future developments is to periodically check their official website.
The homepage explicitly states: “We could go on forever about the details and our plans, and will do so soon here.” This suggests that the website itself will be the primary hub for announcements regarding their new business model, real estate ventures, and the “next generation of Roams.” There is no sign-up for a newsletter or specific notification system, so manual checks would be necessary.
Monitoring Purpose Trust for Related Information
Roam.co also directs interested parties to “Purpose Trust” https://purposetrust.org/. This organization appears to be related to ethical business structures and stewardship ownership, aligning with Roam.co’s stated aim of becoming a “broadly owned real-estate company.” Purpose Trust’s website offers resources and information on alternative ownership models that prioritize purpose alongside profit.
Keeping an eye on updates from Purpose Trust might provide additional context or direct announcements related to Roam.co’s new structure, especially if it involves a novel ownership framework. Zeekshop.com Review
Social Media Channels for Announcements
While less emphasized on the current homepage, Roam.co lists its social media links:
- Facebook: https://www.facebook.com/roamcoliving/
- Instagram: https://www.instagram.com/roamcoliving/
These platforms were likely used for community engagement and updates during their operational phase.
It’s plausible that future announcements, especially those meant to reach a broader audience, might also be disseminated through these channels.
Following their social media accounts could provide timely updates on their progress and any new offerings.
Ethical Implications of Transparency
The proactive communication about their business challenges and pivot, as displayed on the Roam.co website, is a positive ethical sign. Shawnmen.com Review
Rather than simply disappearing or leaving customers confused, they have provided clear reasons for their operational pause and outlined their future intentions.
This level of transparency builds trust, even during a period of uncertainty, and is a commendable practice in business.
For those interested in ethical investment or participation in their future “broadly owned real-estate company,” this initial transparency sets a good precedent.
FAQ
Is Roam.co still operating as a co-living space?
No, Roam.co is not currently operating as a direct provider of co-living and co-working spaces.
Based on their website, they have taken a year off and are converting their business model to become a “broadly owned real-estate company.” Cleverstein.com Review
Where can I book former Roam.co locations?
You can book former Roam.co locations through their partner companies.
The website directs users to Sonder San Francisco, Selina Miami, Outpost Ubud, Collective London, and OYO Tokyo.
What is Roam.co’s new business model?
Roam.co states they are converting the idea of Roam into a “broadly owned real-estate company.” This suggests a shift from directly managing co-living spaces to a more asset-based, potentially ownership-focused, real estate venture.
Why did Roam.co stop its co-living operations?
Roam.co explicitly states that operating in expensive cities and “running them at a loss backed by speculative capital” was not a good long-term business model, especially at what they perceived as the “tail end of an economic and weird cultural boom.”
Is there a Roam.co free trial available?
No, there is no Roam.co free trial available as they are not currently offering direct services or subscriptions. Their business model is in transition. Forexfraud.com Review
How do I contact Roam.co?
The Roam.co website provides a phone number 1-800-853-ROAM, an email address [email protected], and links to their Facebook and Instagram pages for contact.
What are good alternatives to Roam.co for co-living?
Good alternatives for co-living include Common Living, WeLive, Outpost Co-Living, and for travel-focused remote work, Kndrd formerly Hacker Paradise.
Does Roam.co offer co-working spaces?
While their previous model included co-working spaces within their co-living properties, Roam.co is not currently offering direct co-working services.
You would need to check with their new partner companies for specific amenities at former locations.
What is “Purpose Trust” and how is it related to Roam.co?
Purpose Trust purposetrust.org is mentioned on the Roam.co website as a place where more details about their future plans and conversion into a “broadly owned real-estate company” will be shared. Tiqbee.com Review
It suggests a focus on ethical or alternative ownership structures.
Is Roam.co planning to re-open its own locations?
The website indicates their intention for “the next generation of Roams” to be about “sharing flawless remote work and living spaces in unexpected places,” implying a future return with a new structure, but specific timelines or locations are not provided.
Are the former Roam.co locations still suitable for digital nomads?
Yes, the former Roam.co locations, now managed by partners like Selina, Outpost, and Collective, often cater to digital nomads by offering amenities like co-working spaces, community events, and flexible stays.
You would need to check each partner’s specific offerings.
How transparent is Roam.co about its business changes?
Roam.co is quite transparent about its business changes on its homepage, openly explaining the reasons for its pivot and directing users to relevant partner companies for past locations.
Does Roam.co offer long-term rentals?
Roam.co itself is not offering rentals.
For long-term rentals at former Roam locations, you would need to inquire directly with the managing partners e.g., Collective, Selina, as their terms and durations vary.
What kind of community did Roam.co foster previously?
Roam.co’s previous model aimed to foster a vibrant community under a shared roof, allowing residents to meet diverse people, share opinions, and build trust, appealing to those seeking social interaction alongside privacy.
Can I invest in the new Roam.co real estate company?
The website mentions “broadly owned real-estate company” but does not provide any current details or opportunities for investment.
You would need to monitor their website and Purpose Trust for future announcements on this front.
How does Roam.co compare to traditional rental apartments?
The former Roam.co model offered a distinct alternative to traditional apartments by providing furnished spaces, built-in community, and flexible terms, often appealing more to short-term or transient residents rather than long-term, conventional renters.
What are the main challenges Roam.co faced in its original model?
Roam.co identified the main challenges as operating in exceedingly expensive cities, running at a loss, and relying on speculative capital during an uncertain economic and cultural boom.
Will the “next generation of Roams” be ethical?
The stated shift towards a “broadly owned real-estate company” and the mention of “Purpose Trust” suggest an intention towards a more sustainable and potentially ethical business model.
However, specific details on their ethical framework will only become clear once their new operations launch.
What are some other ethical alternatives for flexible living?
For ethical and flexible living, consider exploring platforms like Sonder for design-focused short to medium-term stays, or general vacation rental platforms like Vrbo, carefully vetting hosts and properties for ethical practices.
Is Roam.co a reliable company for future services?
Given their transparency about past challenges and their strategic pivot, Roam.co appears to be striving for a more sustainable future.
However, as they are in a transitional phase, their reliability for future services will depend on the successful execution and launch of their new real estate model.
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