Omid asked a question I think may be good to post up separately. Padsplit and other co-living companies leverage a "Member Agreement" rather than a tenant lease. I quick example of what the agreement holds is; This Agreement is not a lease. Instead, it is an agreement whereby Member obtains ownership of a single Company Membership Unit for a continuing payment obligation, which entitles Member to certain benefits, including access to designated areas within the Property and the Room, as long as Member fulfills the continuing obligations outlined within this Agreement. If Member fails to fulfill the continuing obligations outlined within this Agreement, Member’s Company Membership Unit may be redeemed by Company and Member shall have no further rights to the Company Membership Unit, nor rights to access the Property or the Room. Member understands and agrees that this Agreement does not create a tenancy interest, a leasehold interest, or any other interest in the Property or the Room.

The event is 2 days and I am speaking on day one. My topic is Rent by Room. - Shocker I know! :) This is the 3rd annual ORAAT event with Michael Zuber. ORAAT is One Rental At A Time. It is an awesome REI event with multiple millionaires talking about various strategies. The networking is off the chart bye the way! I am not affiliated and Zuber loses money on the event. He doesn't sell anything there but needs the funds from ticket sales to pay for the venue, food and misc. Get Tickets Here https://www.eventbrite.com/e/oraat-celebration-year-3-tickets-1550065610969?aff=oddtdtcreator Quick 1 minute video from the 1st event. https://youtu.be/MV7mmPGWpxU?si=P-hupVJEsXuhozTp

I just heard from Jarrod about this community on a call this morning and it's such a good idea to have a space dedicated for co-living. I have one rent-by-room property now and have another one under contract. Looking forward to sharing and learning from everyone!

Would anyone be interested in having a zoom meeting to chat rent by room? If so, I am on Pacific Time. I am free most weekdays after 6pm and every other weekend except for 12:30 - 3:30 on Sundays. :) If it goes well and people want to keep it going, we could make it a regular thing.

9/3 Wed @ 6pm PST I have a zoom meeting scheduled. Join link here: Zoom Link