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The Side Hustle Show · Nick Loper of Side Hustle Nation | YAP Media

721: $1k a Month with your First Co-Living Property

February 5, 2026·48 min·3 clips
Brandon Turner has a billion dollars in real estate and makes 'a couple thousand dollars a month' — co-living investor Sam Wieger explains why that's a failure.
The money is the filter. The host frames the deal as an underwriting problem: add up the monthly payment, taxes, insurance, and utilities, then see what the house can realistically bring in by the room. In the example, a $5,000 monthly nut needs about $6,000 in room revenue to leave a $1,000 margin. Sam keeps the pricing plain. If a studio apartment rents for $1,000, a room may be closer to $700 or $800. Better rooms can earn more, especially if they are large or have a private bath. The criteria are practical too. Parking matters because the house still has to work for the people living there, even if only some tenants drive. Public transportation helps. Sam says walking distance to transit is a huge plus, which gives the listener one more screen for deals. Couples make the setup trickier. They can fit the model, but the home needs enough parking, and a private bath is preferred. Both people go on the membership agreement, and the couple pays a little more for the room. There are limits. Sam says they do not allow kids because of liability, and they usually keep it to one couple per home, though that rule could change. The host boils it down to one test: can this house bring in enough room rent after the real monthly costs? That is the deal.

As heard by us

A grounded look at co-living math, room pricing, and the house rules behind a first $1,000-a-month property.

Co-living is framed as a real estate side hustle with a simple first-pass test: take a larger house, rent the rooms at roughly 70% to 80% of local studio pricing, and see whether the spread can clear about $1,000 a month after the mortgage or rent, taxes, insurance, utilities,…

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Want a co-living playbook that starts with the math, not the hype?

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