Setting up my 3rd co-living arbitrage in the Houston area! Turning this 5/3 into a 9/3 that should cash flow about $2400/mo fully occupied. First week of setup included laying down gravel for additional parking, making living room into 2 bedrooms, converting large pantry/laundry into a bedroom, and splitting primary bedroom into 2 rooms. Moving fast and should go live by the end of next week. In the end, we rent each room by week, but require a 30 day minimum stay up front. Each room is fully furnished with plush full size bed on a 15” tall frame for storage, smart TV, desk and chair, night stand with lamp, artwork, full size mirror, and clothing storage. Rents are all inclusive of high speed unlimited internet, lawn care, housekeeping of common areas, and all utilities. I am also part of a full scale co-living management team that assists with property evaluations, Co-living training, acquisitions, setup construction, tenant interactions, and property management.
