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Alcove
Realtor partner program

Earn more for your client's home with Alcove.

Get paid by referring an owner or by managing your client's properties on Alcove. Open to licensed agents in North Carolina, Texas, and Georgia.

A real estate agent reviewing an investment property with clients
The model

Maximize your clients' returns, and they'll come back to you.

Alcove specializes in renting rooms to long-term roommates.

  • Stronger Returns. Faster Lease-up

    With four leases instead of one, a vacancy costs your client a room, not the house.

  • Repeat clients, repeat commissions

    Investors who see returns buy again. Two-thirds of homes added to Alcove came from a repeat or referral owner.

  • Be the yield-strategy agent

    Leverage our shared housing data, and bring expertise to your clients.

    Meet with us
A furnished shared living room in an Alcove home
~25% avg
More rent per home
vs. a single whole-house lease, across Alcove homes
24 days avg
To fill a whole house
every bedroom leased, start to finish
99.4%
Rent collected
across the Alcove portfolio
10,000+
Leases signed on Alcove
Before the offer

Know the best buy before you write the offer.

Partner agents use Alcove's data to find the properties that perform as shared housing, and best advise their clients.

01

Property recommendations

Alcove scores listings in your market on layout, location, and demand.

02

Per-bedroom rent estimates

Room-by-room rent projections for any address, before your client signs.

03

Market data across 7 metros

Real demand and occupancy data from every Alcove market.

After the close

Stay on the deal after it closes.

Alcove is not the agent or the property manager. We handle the heavy lifting of roommates, payments, and leasing. Your client can self-manage, or you can manage the home for them.

Owner-managed

Your client self-manages

Alcove automates the heavy lifting, so self-managing is possible with Alcove's technology and support platform. Your client collects per-bedroom payouts directly.

Bedroom-level marketing
Applicant tours
Tenant screening & matching
Per-bedroom lease agreements
Tenant conflict management
On-platform inspections
Rent collection & reporting
Deposit tracking
Owner reimbursements
Owner & tenant support
Automated applications
Owner dashboard & analytics
Agent-managed

You manage it for them

Add a recurring management line to your business. Same platform, same automation, now working for you.

Application approval & eSignature
Preset screening criteria
Credit, criminal & eviction reports
Automated rent collection
Integrated payments via Stripe
Automated leasing
Access to Alcove vendor network
Role-based accounts
How it works

Refer an owner. Get paid by Alcove.

01/03

Initial consultation

An Alcove rep walks you, and your client if necessary, through the process. After your first referral, we skip this step.

02/03

Property onboarding

You or your client creates an account and lists the home. You submit the referral form at the same time.

03/03

First bedroom leases, you get paid

Once the first bedroom lease is signed, your $500 is paid out. Any management agreement you sign is separate.

$500

Paid to you, separate from your client's agreement.

Your referral fee comes directly from Alcove, independent of the terms your client signs. No commission splits, no strings.

FAQ

Common questions.

Q.What if one tenant doesn't pay?

Alcove's collection rate is 99.4%. The platform auto-bills each roommate on the 15th of the month prior, which gives Alcove time to help resolve issues.

Q.Who handles roommate conflict?

Alcove's support team is the first line of defense for roommate disputes, and tenants can book cleaning and maintenance through Alcove's vendor marketplace to keep shared spaces in shape.

Q.Does this work in HOAs?

Most Alcove homes are in one. Owners set the minimum lease length to match their HOA's rules (typically 6 months).

Owners remain responsible for complying with their own covenants and local rules.

Q.Isn't it more work to manage 4 unrelated individuals?

Alcove manages roommate issues so your client doesn't have to. Median initial lease is 12 months with a 65% average renewal rate. Long-term tenants, low turnover.

Q.Does this affect my commission?

No. Your referral fee comes from Alcove and is independent of your commission on the sale.

Q.Do I have to manage the property to get the fee?

No. The $500 is paid on the referral. Managing the property is optional and paid separately.

Become a partner agent

Start earning with your next referral.

Tell us where you work and we'll get you set up. An Alcove rep reaches out within one business day.

We'll reach out within one business day. No obligation.