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

<p><a href="https://www.biggerpockets.com/blog/what-is-co-living-and-how-can-it-help-your-multifamily-property" rel="noopener noreferrer" target="_blank"><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" rel="noopener noreferrer" target="_blank"><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" rel="noopener noreferrer" target="_blank"><strong>house hacking</strong></a><strong> can rake in </strong><a href="https://www.biggerpockets.com/blog/cash-flow" rel="noopener noreferrer" target="_blank"><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" rel="noopener noreferrer" target="_blank">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" rel="noopener noreferrer" target="_blank"><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-