· FAQs for property owners
Renovating, letting out and adding value to your home
Everything a landlord needs to know before entrusting their property to MyColoc.
Do I have to carry out the work?
Not always. Some properties are ready for immediate use, whilst others require space optimisation or bringing up to standard. The potential assessment (Foundations package) determines this precisely.
What happens in the event of non-payment or damage?
With the guaranteed rent model, MyColoc assumes the risk: you receive your rent no matter what. With the commission model, the risk is shared but strictly limited by the rigorous selection of tenants and the monitoring of payments.
Will I be called upon on a daily basis?
No. MyColoc is your single point of contact and handles all aspects of upkeep, maintenance and tenant management. We will only contact you if absolutely necessary.
What are your remuneration models?
There are two models to choose from: a guaranteed rent (fixed income, maximum peace of mind) or a commission on the rent (maximised income, shared risk). You can choose the option that best suits your risk appetite.
Is my house increasing in value?
Yes. The shared-ownership scheme and regular maintenance by a team of professionals help preserve and enhance the value of your property, which is reflected when it comes to resale.
How long does it take to set up a flat share?
This varies greatly: from a few weeks if the property is ready, to several months if renovation work and a change of status are required. We will provide you with a realistic timeline as soon as we have assessed the property’s potential.
What is the typical profile of tenants renting houses through MyColoc?
MyColoc was founded in 2013 in response to the observation that there was a shortage of affordable housing for young people coming to Luxembourg to start their careers (often with an internship or even a fixed-term contract). Today, in 2026, this reality has only become more pronounced. When it comes to finding housing, real estate agencies prioritize applicants with permanent contracts and a confirmed probationary period—and, if possible, two paychecks. At MyColoc, we give young people a chance, and history has proven us right, as we’ve never had any issues with unpaid rent. We therefore select young people (between the ages of 20 and 30)—whether students, young employees, or expats. We don’t just fill rooms; we create harmonious living arrangements.
My house has sentimental value. How can I be sure that this will be respected?
We look after every house as if it were our own:
The premises are cleaned every week by a cleaner, who also reports any faults to us.
The grounds are maintained by a gardening company.
We are in constant contact with our tenants, who let us know as soon as any problem arises (a blocked sink, a faulty household appliance, etc.).
We ensure we are present on a regular basis when the rubbish bins are put out. As the owner, once you have notified us so that we can be present and the tenants have been informed, you may visit the property once a year.
The premises are cleaned every week by a cleaner, who also reports any faults to us.
The grounds are maintained by a gardening company.
We are in constant contact with our tenants, who let us know as soon as any problem arises (a blocked sink, a faulty household appliance, etc.).
We ensure we are present on a regular basis when the rubbish bins are put out. As the owner, once you have notified us so that we can be present and the tenants have been informed, you may visit the property once a year.
What happens if I want to get my house back?
You always retain control of your property. You can reclaim the house by giving six months’ notice, as set out in the signed commercial tenancy agreement. There is no delay caused by a tenant refusing to leave, and no legal proceedings are required.
What do I need to manage as a property owner?
Almost nothing.
In particular, you will be required to insure the property as a non-occupying owner, to be available should the local authority require the owner’s signature or presence, or in the event of a major problem with the property (such as water damage or structural damage, etc.). We are the first point of contact for the authorities and tenants, but certain situations require the owner’s involvement.
In particular, you will be required to insure the property as a non-occupying owner, to be available should the local authority require the owner’s signature or presence, or in the event of a major problem with the property (such as water damage or structural damage, etc.). We are the first point of contact for the authorities and tenants, but certain situations require the owner’s involvement.
My house has become too big. Do I have to turn it into a shared flat?
No. Sharing a flat is just one of the options. Depending on your circumstances and the layout of the property, other forms of shared accommodation may be considered: living with the landlord or, in some cases, creating an integrated dwelling. Our role is to identify the solution best suited to the property, the regulations and, above all, your life plans.
Can I rent out part of my house whilst continuing to live there?
Yes, that may be possible. A spare room, a rarely used floor or part of the house can sometimes accommodate a tenant whilst preserving the landlord’s privacy. However, the layout of the spaces and the applicable rules must be assessed on a case-by-case basis.
Can all houses accommodate a shared living arrangement?
No. Simply having rooms available is not enough. Feasibility depends, in particular, on the property’s layout, its location, floor areas, facilities, and national regulations as well as those applicable in the local authority area. This is precisely why we begin by assessing the property’s potential.
Are you looking to create as many rooms as possible?
No. Optimising a house does not mean filling it to capacity. We are looking for the right balance between financial viability, the comfort of the bedrooms, the quality of the communal areas, privacy and quality of life. A shared flat that works in the long term is also one where the occupants feel at home.
How can shared housing help tackle the housing problem in Luxembourg?
Building new homes remains necessary. But there are also square metres of space that have already been built but are now used little or not at all: rooms left empty after the children have moved out, large houses that have become difficult to live in, or buildings whose use could be repurposed. MyColoc aims to unlock this potential wherever it can be transformed into accommodation that meets high standards of comfort and compliance.