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CoLiving Operations

267 members • Free

Rent By Room

68 members • Free

8 contributions to Rent By Room
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 • 5d
@Delonta McClain I believe half a month will be more advantageous in eyes of renter or makes your rooms more competitive. Depending on the tenant pool, 1 month will do more harm than good given the small amount of repair you might incur upon move out.
Anyone try this?
So I found this at home depot. I'm gonna pick up one and see how it goes. Anyone try a combo lightbulb security camera?
Anyone try this?
0 likes • Nov 13
One positive thing is preventing tenants from fiddling with cameras wiring especially mounted to a ceiling light socket out of reach :).
0 likes • Nov 13
@Tiffany Agee This is very interesting especially advertised as required just 1 hour of sunlight. Curious to see how long it actually lasts in practice!
Sifely Lock WiFi Signals - (2nd Gateway)
I have been running Sifely Locks for over 2 years. Today I have one that is dropping off occasionally due to decibel-milliwatts level too weak. The failing lock is over negative 90 dBm. The recommended max WiFi signal strength (measured in dBm) is no weaker than -70 dBm. Anything below -80 dBm is generally unreliable or unusable. I have 2 of the 4 homes that are 2 stories. Both have locks that are on a single gateway and have over -90dBM signals. For the most part it has worked and it just takes 10 seconds or so longer to change codes. My latest basement house has fairly sizeable concrete walls and today I have one lock that is flaking out occasionally losing the gateway. I am going to purchase a 2nd gateway for the basement locks and just run 2 gateways. I just thought I would share this in case any of you are using Sifely locks and have this issue in the future.
Sifely Lock WiFi Signals  - (2nd Gateway)
1 like • Nov 7
@Jarrod Ochsenbein thanks for sharing!
Flat out exhausted - What do you do?
I know most of us are probably working a W2 and doing real estate. I have been at it for about 3 years. My W2 as an IT Manager at Intel is extremely demanding. This month I have been working 12 to 14 hour days. I am not complaining because it is a high paying career, but wanted to know if any of you have any advice to survive this type of life for the short term? I can retire in December, but wasn't going to do it. After this month I have been considering it. If I left I wouldn't be able to scale as fast. I will stay on the treadmill as long as I can I guess! :)
Flat out exhausted - What do you do?
2 likes • Oct 31
I would suggest considering aggressively paying down the mortgages. I have seen folks retiring also with only a few but paid off houses.
Zoom meeting
Anyone interested in another zoom meeting in the near future? I will through out a poll and see where folks are at with time slots.
Poll
10 members have voted
Zoom meeting
0 likes • Oct 11
@James Dugan , could you please provide a link to future ORAAT calls?
0 likes • Oct 11
@James Dugan what is its name?
1-8 of 8
Shawn Sh
2
14points to level up
@shawn-sharifi-5823
RE investor

Active 17h ago
Joined Aug 23, 2025