
The short version
- Renting by the room since 1992.
- Six coliving properties in Atlanta, Georgia.
- One of them nets about $3,200 a month after all expenses and management.
- I host on PadSplit. In September 2026 one house collected $8,658.75 and paid out $7,966.05 before the mortgage and other costs. The statement is here.
What I do here
I run the Coliving Cash-Flow Club, a free community on Skool for people who want more cash flow from a house by renting it by the room. Inside it I teach the Coliving Cash-Flow Machine, a seven-module course on finding, funding, converting, filling, and running a rent-by-the-room property. I also built Cash, an AI deal analyst that runs the same numbers I do.
The single-family playbook was written for people with fifty houses. I teach the playbook for one house that actually pays you.
How the guides on this site are written
- Real numbers are labelled as real. When a number comes from one of my houses, the page says so.
- Examples are labelled as examples. Round-number examples show the method. They are not real properties and the page says that too.
- Other people's facts are sourced and dated. A platform's fee or a market figure is quoted from its source, with the date I read it. Rules and fees change, so check the source before you act.
- Affiliate links are marked. Where I earn a referral fee, the page says so next to the link.
- Nothing here is legal, tax, or financial advice. It is one owner's experience and arithmetic.
Found a mistake? Email tobarsdobbs@realestateprofiting.com and I will fix it.
Guides and tools
- What is coliving investing? How renting by the room works
- Rent by the room vs. whole house: the math
- House hacking by the room: live in one room, rent the rest
- PadSplit for owners: what it really costs
- Cleaning common areas in a coliving house: how hosts do it
- What vacancy rate should you use for a rent-by-the-room house?
- PadSplit prices: room rates, member fees, and what owners keep
- Coliving investing statistics and facts (2026)
- Rent-by-the-room calculator
- PadSplit fee calculator