BiggerPockets Real Estate Podcast - 150+ Tenants & Zero Stress w/ Coliving Black Belt Sam Wegert

Co-living (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, will my property be ripped to shreds? Let today’s guest, Sam Wegert, quell your fears—co-living and house hacking can rake in cash flow, with way less of a landlord headache. Sam is no stranger to entrepreneurship and real estate investing. He bought his own martial art studio at the age of fifteen and his first rental property at nineteen years old. 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 over 150 different tenants throughout his thirty-two properties. How does he do this without ripping his hair out? Well, aside from the relaxation that comes after an intense sparring match, Sam has systematized his real estate business into a cash-producing machine. He has had to build his own property management 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! ~~~~ Join BiggerPockets for FREE: https://www.biggerpockets.com/signup ~~~~ The Ultimate Beginner’s Guide to Real Estate Investing: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide ~~~~ Todd Baldwin’s House Hacking Episode: https://www.biggerpockets.com/blog/biggerpockets-podcast-392-todd-baldwin ~~~~ Retire from Real Estate with Few Properties with Ron Gallagher: https://youtu.be/NbONl9nNehQ ~~~~ Grab “The House Hacking Strategy”: https://store.biggerpockets.com/products/the-house-hacking-strategy ~~~~ Connect with Sam on Facebook: https://www.facebook.com/samwegert ~~~~ Check Out Sam’s Businesses: Life Door Rentals: https://www.lifedoorrentals.com/ Up Level Martial Arts: https://www.uplevelmartialarts.com/ ~~~~ Connect with David and Craig on BiggerPockets: David: https://www.biggerpockets.com/users/davidgreene24 Craig: https://www.biggerpockets.com/users/craigcurelop Episode 560 Show notes at: https://www.biggerpockets.com/show560 0:00 Intro 2:59 Quick Tip 3:32 Investing at a VERY Young Age 8:49 House Hacking and Renting by The Room 17:30 Keeping the Peace When Co-Living 30:24 What to Look for in Co-Living Properties 34:05 Deal Deep Dive 42:11 Fire Round 49:11 Famous Four 57:22 Reviewing Sam's 150+ Tenant Story