All Forum Posts by: Jarrod Ochsenbein

Hello Grant, et al

    I am an out of state co-living investor.  I live in Oregon, but invest in Arizona.  I take 2000 sq ft homes and add bedrooms.  We redo the kitchen with granite or quartz, stainless steel appliances and new floors if needed.  The goal is to create nice affordable living that members enjoy and take care of.  I say we because my wife does the decorating and I do the rest. :) We currently have 24 units and looking to at least double that in 2025. 

I really like the multiple income streams from one property. If I loose a member from one of the houses I still have income being generated from that property. In fact I can have half of the rooms occupied and still pay the mortgage. It is small multifamily with 30 year fixed rate debt. There is more headache and maintenance than some other strategies, but the ROI to me is worth it.

Here is a calendy link if you wanted to chat on a zoom or call. https://calendly.com/trepador64/online-meeting

Download my free Calculator for co-living and Padsplit model. https://docs.google.com/spreadsheets/d/16lo7RLvIYsZtZcZ-l3BA...

All - Sorry for the late replies. I am an Intel IT Manager and life can be a bit busy sometimes. :)  I hope to retire in a year and 2 months. 

Current Status: 

Quote from @Donato Callahan:

Quote from @Jarrod Ochsenbein:

Hit a new high and month is still going. :) 

 How do you run the numbers on a PadSplit property?

 I built myself a little calculator.  I run the numbers @ 75% occupancy.

Here is the calculator - https://docs.google.com/spreadsheets/d/1kznH0yXWBmMyZE5MpoIj...

Turbotenant was free and I used it when PS was a little slow.

 I price based on average area rents and undercut them just a little bit.

 I leverage a cleaning service, a few landscapers, handymen, contractors and plumber.

Quote from @Joe S.:

Quote from @Jarrod Ochsenbein:

Started REI in August of '23. Purchased a test pilot home for shared housing. It was successful so I bought 2 more. I am pleased with the results so far. Using Padsplit along with FB Marketplace and Turbo Tenant for marketing. I haven't made my first payment on my 3rd house yet and super happy with the results. Thanks Tom Wheelwright for writing the book "Tax Free Wealth". I read it in April/May of '23 after the tax season and I swear if I ever meet Tom I am going to give him a big ole Kiss!!!! :)

 Are you needing to use the other sources along with Pad Split to fill your properties? How long have you been working with PadSplit?

 Sometimes we use FB marketplace and Turbotenant