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15 contributions to Rent By Room
Mar 8 •
Today's Rent by Room REI open dialog
Quick recap James and ReiJarrod discussed their experiences with real estate investing, focusing on operational challenges and strategies. ReiJarrod shared insights into managing properties using platforms like TurboTenant and PadSplit, while James detailed his transition away from PadSplit to a more automated system using Microsoft Teams for tenant communication. They explored the potential of adding extra units or converting existing spaces into ADUs to increase property value. ReiJarrod highlighted the importance of data tracking, sharing his experience of using ChatGPT to analyze tenant communications and operational hours. They also discussed tax strategies, including cost segregation and depreciation, and the implications of living in properties for tax benefits. James shared his goal of creating a redundant operational system to minimize personal involvement. Both agreed on the value of focusing on specific market opportunities and discussed potential future collaborations or visits.
1 like • Mar 8
@Aaron Ameen I’ve been embedded in the Microsoft ecosystem for a long time. I was looking for a solution to manage ticketing, and comms between me and my PMs (and others) for all of the properties. SMS is terrible for multiple convos at once, and having repositories of info. I’m sure there are several other tools that can also do the job, this is the path that I wanted to explore and minimize the number of different tools I needed
1 like • Mar 9
@Aaron Ameen haha, I feel like I would have to go and live in the woods off the grid to finally get away from Microsoft Excel! At the end of the day, tools are tools, and they need to solve your problems and enable processes
Feb 14 •
Coaching program/Mentor
Has anyone joined a coaching program or using a mentor to grow & scale ? If so how did it work for you ? Would you recommend it ? Who would you recommend? I’m getting frustrated & feeling stuck 😤
1 like • Feb 21
@Delonta McClain - how are you feeling stuck? Are you having challenges finding deals, funding deals, finding tenants, managing tenants, improving cash flow, etc? Let us know here and the group can provide suggestions / advice etc? (I have a natural aversion to coaching / mentorship unless it is 1:1 so that I can be targeted and efficient)
1 like • Feb 21
@Delonta McClain I hear you! Do you know if this issue with funding is specific to co-living? I’m in the same boat in wanting more funds for putting the deposit down on the next property. I asked Cody Davis and others about this question this morning, and the suggestion was to look at private money and short-term equity partners that have an option for buy-out at a particular point (time, value, etc).
Feb 5 •
I apologize for tonight's meeting
All If you were trying to join tonight's Rent by Room meeting it didn't happen. I am still at work and dealing with an outage. I am sorry I didn't reach out sooner or cancel the meeting. Jarrod
0 likes • Feb 17
Hey @Jarrod Ochsenbein - it would be great to do another one of these meetings. Would a weekend slot be easier for folks to attend?
Dec '25 •
End of Year #'s
For the Padsplit properties it is looking like Dec may be on par with my March month, at least I hope. :) We should come in over $220k gross. The good news is my net is higher than I thought, currently @ $77k without Decembers income yet. For my independent property I just had my first profitable month @ $690. LOL Hey, I will take it, especially trying to fill vacancies during the holidays. 2 vacancies left in the solo house and also 2 for the Padsplits. Happy Investing!
1 like • Dec '25
Making a profit on the independent property early on is great! Looks like this year will end on a strong note 😀 I went through the other day and documented when my PadSplit leases end so that I am ready to give notice 60 days ahead of time that I’ll be cancelling the leases. I’ll start getting the ducks in a row for managing independently in the coming days too
Dec '25 •
Merry Christmas All!!!!!
I hope your Holiday Season is Fantastic. May Santa bring you incredible returns this year! ;)
1 like • Dec '25
Merry Christmas and Happy Holidays, folks!
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@james-dugan-4565
Hello, I’m James. I am early in my REI journey, focusing on small multi (2-4 units) rent-by-room and house hacking in Dallas-Forth Worth (TX).
Active 5h ago
Joined Sep 1, 2025
Dallas