Uploaded January 2025 | Updated September 2026, 2 weeks ago
What if you could take a single rental property and turn it into 6–8 separate income streams? That’s the power of co-living, and in this video, I sit down with Quinton from PadSplit to break down exactly how the strategy works.
We cover how investors are converting living rooms and unused spaces into bedrooms, how temporary walls make exits simple, and why this model can turn underperforming Airbnbs or long-term rentals into cash-flowing machines. You’ll learn about acquisition, renovation costs, tenant demand, cleaning systems, and how co-living compares to Airbnb and mid-term rentals.
If you’re looking for a creative rental strategy that generates consistent cash flow and works even in oversaturated Airbnb markets, this is a must-watch.
📚 Want to break into Airbnb? Watch my free training first: bit.ly/robsairbnbtraining🚪 Become a host on PadSplit today: bit.ly/robuiltpadsplit
🎥 Subscribe to Quentin's Youtube channel: youtube.com/@QuentinWendt
📸 Follow him on Instagram: instagram.com/wendtquentin
📊 Download My Free Airbnb Calculator: bit.ly/ytcalculator
🏡 Sign Up for Airbnb to Get My Listing Feedback: airbnb.com/r/robuilt
🛋️ Let Me Design Your Airbnb: bit.ly/robuiltfunkit
🤖 Let Me Manage Your Airbnb: bit.ly/cocasa
🛒 Download My Airbnb Shopping List: bit.ly/ytshoppinglist
📍 Download My Free Market Guide: bit.ly/ytmarketguide
00:00 - 01:52 Intro
01:53 - 03:15 What is Co-Living?
03:16 - 04:05 Modifying Common Spaces to Bedrooms?
04:06 - 05:22 How Do you Find these Properties?
05:23 - 05:56 Wait…You’re Adding in Walls?
05:57 - 06:34 Two Forms of Exiting this Strategy
06:35 - 07:38 Is It a Problem not having a Dining Room?
07:39 - 09:01 So You Convert the House…then What?
09:02 - 09:53 Construction ASMR
09:54 - 11:54 People Don’t Care about Where They Live, They just want to Save Money.
11:55 - 12:08 Ask Me the Questions You’re Afraid of
12:09 - 13:12 Why Would You Do THIS over Airbnb?
13:13 - 13:58 Is a Padsplit a Short-Term Rental?
13:59 - 16:03 Breakdown an Average Deal
16:04 - 16:58 Would an Airbnb make Similar Income?
16:59 - 17:25 How to Use Padsplit to help your Portfolio Cash Flow
17:26 - 17:44 Are you a Mid-Term Rental or Competition?
17:45 - 18:42 What’s Cash Flow Look Like?
18:43 - 19:30 Profit Targets with Padsplit
19:31 - 20:46 Are You Dealing with more People?
20:47 - 22:35 More People…More Cleaning Costs?
22:36 - 23:17 Are there Cleaning Expectations?
23:18 - 24:53 How Do You Get Bookings?
24:54 - 25:37 Is the Platform Algorithm based?
25:38 - 26:47 Do Amenities and Design Matter for this Model?
26:48 - 27:10 People Actually Sell These on a Cap Rate?
27:11 - 28:57 What are the Chances of Success?
28:58 - 29:36 Do Neighbors Approve of This?
29:37 - 31:37 What about Running Comps?
31:38 - 33:03 What about Oversaturation?
33:04 - 34:38 What Markets can You Invest In?
34:39 - 35:00 How I Analyze Short-Term Rental Markets
Disclaimer:
The information in this video is for educational and entertainment purposes only and does not constitute financial, legal, or professional advice. Always consult a qualified professional for advice tailored to your specific situation.
Some links in this description may be affiliate links, meaning I may earn a commission at no extra cost to you if you make a purchase through them. Thank you for supporting the channel!
What if you could take a single rental property and turn it into 6–8 separate income streams? That’s the power of co-living, and in this video, I sit down with Quinton from PadSplit to break down exactly how the strategy works.
We cover how investors are converting living rooms and unused spaces into bedrooms, how temporary walls make exits simple, and why this model can turn underperforming Airbnbs or long-term rentals into cash-flowing machines. You’ll learn about acquisition, renovation costs, tenant demand, cleaning systems, and how co-living compares to Airbnb and mid-term rentals.
If you’re looking for a creative rental strategy that generates consistent cash flow and works even in oversaturated Airbnb markets, this is a must-watch.
📚 Want to break into Airbnb? Watch my free training first: bit.ly/robsairbnbtraining🚪 Become a host on PadSplit today: bit.ly/robuiltpadsplit
🎥 Subscribe to Quentin's Youtube channel: youtube.com/@QuentinWendt
📸 Follow him on Instagram: instagram.com/wendtquentin
📊 Download My Free Airbnb Calculator: bit.ly/ytcalculator
🏡 Sign Up for Airbnb to Get My Listing Feedback: airbnb.com/r/robuilt
🛋️ Let Me Design Your Airbnb: bit.ly/robuiltfunkit
🤖 Let Me Manage Your Airbnb: bit.ly/cocasa
🛒 Download My Airbnb Shopping List: bit.ly/ytshoppinglist
📍 Download My Free Market Guide: bit.ly/ytmarketguide
00:00 - 01:52 Intro
01:53 - 03:15 What is Co-Living?
03:16 - 04:05 Modifying Common Spaces to Bedrooms?
04:06 - 05:22 How Do you Find these Properties?
05:23 - 05:56 Wait…You’re Adding in Walls?
05:57 - 06:34 Two Forms of Exiting this Strategy
06:35 - 07:38 Is It a Problem not having a Dining Room?
07:39 - 09:01 So You Convert the House…then What?
09:02 - 09:53 Construction ASMR
09:54 - 11:54 People Don’t Care about Where They Live, They just want to Save Money.
11:55 - 12:08 Ask Me the Questions You’re Afraid of
12:09 - 13:12 Why Would You Do THIS over Airbnb?
13:13 - 13:58 Is a Padsplit a Short-Term Rental?
13:59 - 16:03 Breakdown an Average Deal
16:04 - 16:58 Would an Airbnb make Similar Income?
16:59 - 17:25 How to Use Padsplit to help your Portfolio Cash Flow
17:26 - 17:44 Are you a Mid-Term Rental or Competition?
17:45 - 18:42 What’s Cash Flow Look Like?
18:43 - 19:30 Profit Targets with Padsplit
19:31 - 20:46 Are You Dealing with more People?
20:47 - 22:35 More People…More Cleaning Costs?
22:36 - 23:17 Are there Cleaning Expectations?
23:18 - 24:53 How Do You Get Bookings?
24:54 - 25:37 Is the Platform Algorithm based?
25:38 - 26:47 Do Amenities and Design Matter for this Model?
26:48 - 27:10 People Actually Sell These on a Cap Rate?
27:11 - 28:57 What are the Chances of Success?
28:58 - 29:36 Do Neighbors Approve of This?
29:37 - 31:37 What about Running Comps?
31:38 - 33:03 What about Oversaturation?
33:04 - 34:38 What Markets can You Invest In?
34:39 - 35:00 How I Analyze Short-Term Rental Markets
Disclaimer:
The information in this video is for educational and entertainment purposes only and does not constitute financial, legal, or professional advice. Always consult a qualified professional for advice tailored to your specific situation.
Some links in this description may be affiliate links, meaning I may earn a commission at no extra cost to you if you make a purchase through them. Thank you for supporting the channel!
