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Rent By Room
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6 contributions to Rent By Room
7d •
So close, but yet so far
I am so close to being covered on average. I still need to worry about insurance so can't retire just yet. I also want to double this so I am completely covered in case half the properties go to $hi7! :) LOL
1 like • 6d
I'm with you Jarrod. I think by next year I can have everything covered and my flips and wholesale deals will be gravy
1 like • 5d
@Jarrod Ochsenbein Flipping is an art the key is not over rehabbing like so many investors do. I like wholetaling where you put $10k to $20k in rather then $50k or more
14d •
Co-Living lender
I set up a meeting this coming Monday with a co-living lender. I'll let you know how it goes. As most of you know, co-living or rent by room is are pretty rare.
3 likes • 9d
Jarrod, I have used Fernando Corona, My Remote Lender he was able to get an 8 BR 4 BA fully renovated co-living property financed at a decent rate. Let me know if you want his info he was great has a lot of resources
1 like • 7d
Fernando works hard to get these loans to the best lenders I'll be using him for all of my refinances or purchases of co-living
9d •
Co-living Lender in the House! Fernando Corona has Joined us
Hello all, Fernando has joined our merry little group. He is a co-living lender who has been in the game a while. Say hey and see what he is up to? :) @Fernando Corona
1 like • 8d
Awesome! Fernando really helped me out and I'll be using him again for my North Fort Myers, FL co-living property when the rehab is complete
1 like • 7d
@Jarrod Ochsenbein so true, you would think they would welcome the additional income but not quite yet
17d •
Sharing #'s
Since this is such a small community I am going to share my numbers from my Padsplit income. Note: This does not include my solo co-living house without Padsplit. If people want to see this kind of stuff I will share it if people find value in it. Otherwise if nobody seems interested I will stop posting numbers. I will go with the flow! :) Jarrod
1 like • 16d
I'm using Turbo Tenant it's great. I rented one of the rooms with it looking to rent the other with it. Hoping to totally take it off of Padsplit. Luckily for me I have the only Padsplit in Englewood FL so that helps. I'm not familiar with the QR code is that on the Padsplit site? I have my newest tenant paying me on the CashApp which he can use his CashApp debit card on Turbo tenant to pay. Only drawback to this is if he goes bad no automatic warnings from Padsplit. I need to create an AI Agent to manage the payments and automatic reminders. Still figuring this out on the fly but I love the co-living. Converting 2 new Bedrooms in the other SFR for $10,000 or so, need to run AC Ducts and some electric which adds up. I even have a 2 BR 1 BA that's listed for sale and if I don't get my number I'll just make it a 4 BR 1 BA co-living. Also in the process of completing a rehab on a 6 BR 3 BA in North Fort Myers, FL that I hope to fill via Turbo Tenant. Any recommendations on the new ones? Should I start with Padsplit, fill them myself if possible and keep them on Padsplit or go fully off? I know you have a property that's fully off Padsplit how is that one working out for you?
1 like • 15d
This is great info. I did get the paid version of Turbo Tenant as well, it's way worth it thanks for recommending it!
Mar 25 •
100 members today - Wow
Wow 100 people in the group. When I started this I thought it would be just a few of us odd balls doing rent by room and sharing what we learn along the way. I know most of this group is me posting things as they come up. I hope some of this group helps folks if they are interested in this strategy. Let me know if you wanted to see something in particular. Thanks all, Jarrod
1 like • Mar 25
I would love to see some best practices for self managing
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@paul-lizell-5426
National Real Estate Investor since 2001 & Educator and Crypto Investor since 2017
Active 4h ago
Joined Mar 8, 2026