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Owned by Jarrod
Site dedicated to all things Rent by Room / Co-living
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70 contributions to Rent By Room
4d •
Merry Christmas All!!!!!
I hope your Holiday Season is Fantastic. May Santa bring you incredible returns this year! ;)
12d •
Deposits & late fees
Quick question: How are you coming up with security deposit prices for your units ? are you charging a certain percentage ? half of the rent ? or same as 1 month rent ? Also, what about late fee ?
1 like • 12d
I usually look at what the strategy in your market prices are at to be competitive.
0 likes • 11d
@Delonta McClain I have, but for me I can cheat and look on Padsplit, Zillow and other platforms to see what the average rates are.
13d •
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 • 12d
@Aaron Ameen I am doing independent moving forward. I will keep the padsplits for now but when I retire I will probably start to peel them off to independent over time or sell them off to move toward properties on the East Side. Time will tell.
2 likes • 12d
@Aaron Ameen I did because several people asked me to do it. I thought it was a bit early since I only have about 4 months of experience. People seemed to like it. I will do one at the 1 year mark and see how it goes.
Oct 31 •
Cameras
Where do you put cameras in your Coliving properties? All common areas, entrance and backyard?
0 likes • 13d
Laura looks strangely like me. :)
14d •
Mini Splits?
Do you all use mini splits throughout your rent by rooms? Or do you just control the centralized thermostat?
0 likes • 13d
I use central air for the most part, but do have a few mini splits. I use them if I convert the Arizona room to a bedroom. Then I advertise it as a renting point.
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@jarrod-ochsenbein-4061
Growth Mode: Currently @ 32 co-living units in 4 Arizona houses. I live in Oregon, but invest in Arizona. BB= 2000+ sq ft, No HOA, No Pool, 2.5 bath
Active 1d ago
Joined Feb 25, 2025
ESFP
Oregon