560: Double Your Rental Income with Co-Living Cash Flow w/Sam Wegert 01:04:37

    <p><a href="https://www.biggerpockets.com/blog/what-is-co-living-and-how-can-it-help-your-multifamily-property"><strong>Co-living</strong></a> (coliving) may sound a bit scary at first to a landlord. You have a bunch of young professionals living under one roof. What if there is an argument over cleaning, what if there is a fight that breaks out, <strong>will my property be ripped to shreds?</strong> Let today’s guest, <a href="https://www.facebook.com/samwegert"><strong>Sam Wegert</strong></a>, quell your fears—<strong>co-living and </strong><a href="https://www.biggerpockets.com/blog/2013-11-02-hack-housing-get-paid-live-free"><strong>house hacking</strong></a><strong> can rake in </strong><a href="https://www.biggerpockets.com/blog/cash-flow"><strong>cash flow</strong></a>, with way less of a landlord headache.</p><p>Sam is no stranger to entrepreneurship and <a href="https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide">real estate investing</a>. He <strong>bought his own martial art studio at the age of fifteen</strong> and his <a href="https://www.biggerpockets.com/blog/rookie-podcast-136"><strong>first rental property</strong></a><strong> at nineteen years old</strong>. Now he boasts a portfolio of over twenty-two long-term rentals, ten short-term rentals, seven martial arts studios, and one online program. Even more impressive, Sam is managing <strong>over 150 different tenants</strong> throughout his thirty-two properties.</p><p>How does he do this without ripping his hair out? Well, aside from the relaxation that comes after an intense sparring match, Sam has<strong> systematized his real estate business</strong> into a cash-producing machine. He has had to <a href="https://www.biggerpockets.com/blog/start-property-management-company"><strong>build his own property management</strong></a> and his own policies that help keep him, and his tenants, happy. If you’re looking for your next cash cow rental investment, this could be it!</p><p><strong> In This Episode We Cover:</strong></p><p><strong>Starting a business and buying property</strong> at an impressively young age</p><p><strong>House hacking</strong> and why every young investor should try it</p><p>Keeping the peace in a co-living house and <strong>building a </strong><a href="https://www.biggerpockets.com/blog/2016-03-04-16-points-bullet-proof-lease-signing"><strong>bullet-proof lease</strong></a><strong> </strong></p><p><strong>What to look for when buying co-living properties</strong> (size, bedrooms, bathrooms, etc.)</p><p>The systems Sam uses to keep his rental property business running smoothly</p><p><strong>Developing discipline </strong>to take on bigger, scarier challenges (and crush them!)</p><p>And <strong>So </strong>Much More!</p><p><strong>Links from the Show:</strong></p><p><a href="http://Biggerpockets.com/UBG">BiggerPocket's The Ultimate Beginner's Guide to Real Estate Investing</a></p><p><a href="https://www.youtube.com/channel/UCVWDbXqQ8cupuVpotWNt2eg">BiggerPockets Youtube Channel</a></p><p><a href="https://www.craigslist.org">Craigslist</a></p><p><a href="https://www.facebook.com">Facebook</a></p><p><a href="https://youtu.be/NbONl9nNehQ">BiggerPockets Youtube: BRRRR and Rent by the Room: Retire from Real Estate with few properties with Ron Gallagher</a></p><p><a href="https://www.gobundance.com/">GoBundance</a></p><p><a href="https://www.padsplit.com/">PadSplit</a></p><p><a href="https://www.apartments.com/">Apartments.com</a></p><p><a href="http://Salesmate.io">Salesmate</a></p><p><a href="https://www.zillow.com/">Zillow</a></p><p><a href="https://www.mls.com/">MLS (Multiple Listing Service)</a></p><p><a href="http://biggerpockets.com/show392">BiggerPockets Podcast 392: $12,500 per Month in ‘Pure Cash Flow’ With Todd Baldwin</a></p><p><a href="https://www.biggerpockets.com/blog/biggerpockets-podcast-226-from-d-student-400000-annual-cash-flow-david-osborn">BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn</a></p><p><a href="https://podcasts.apple.com/us/podcast/the-tony-robbins-podcast/id1098413063">The Tony Robbins Podcast</a></p><p><a href="https://www.instagram.com/thefiguy/">Craig Curelop's Instagram</a></p><p><a href="https://www.tiktok.com/@thefiguy">Craig Curelop's Tiktok</a></p><p><a href="https://www.instagram.com/davidgreene24/">David Greene's Instagram</a></p><p>Connect with Sam:</p><p><a href="https://www.lifedoorrentals.com/">Life Door Rentals Website</a></p><p><a href="https://www.uplevelmartialarts.com/">UpLevel Martial Arts Website</a></p><p><a href="https://www.facebook.com/samwegert">Sam's Facebook Profile</a></p><p><a href="https://www.instagram.com/samwegert/">Sam's Instagram</a></p><p><a href="http://www.scaleyourrealestate.com/">Sam's Coliving Course</a></p><p><a href="https://www.facebook.com/groups/344019684209132">Sam's Facebook Page</a></p><p><br></p><p>Check the full show notes here: https://www.biggerpockets.com/show560</p>
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