How One House Went From $3,600 to $7,200 a Month with Paul Lizell

Paul Lizell took a hurricane damaged shell, turned it into an 8 room co-living home, and doubled the rent.

 

Paul has invested in real estate for over 25 years and has done deals in 44 states. For the last year and a bit, he has focused on co-living and PadSplit.

 

He explains what co-living is, how PadSplit works, and why he is so bullish on it. His son pays almost $1,900 a month for a one bedroom. A PadSplit room can rent for about $800 a month with internet and utilities included.

 

Dave plays devil's advocate on the people side. Paul shares why it has been easier than his single family rentals, and the travel baseball lesson he uses to set the rules.

 

Key topics:

• What co-living and PadSplit are
• Why affordability makes Paul bullish on co-living
• Turning a 4 bed, 3 bath house into an 8 bed, 4 bath
• Why losing a tenant hurts less with 8 rooms
• Who rents the rooms and how Paul keeps the peace
• Fridge shelves, dishes and the PadSplit group chat

 

About the guest:

Paul Lizell is a real estate investor based in Naples, Florida. He has done wholesales, flips and virtual real estate investing, and now owns and converts co-living properties on PadSplit.

 

Connect with Paul Lizell: https://paullizell.com

 

Prefer to watch on YouTube? https://www.youtube.com/@propertyprofitsrealestate

 

Want to be a guest on the show? https://www.daveinterviewsyou.com