How Shared Housing Changes the Numbers on a Rental with Katrina E. Robinson

A single family rental was making Katrina Robinson about $200 a month in profit. After she started renting the same home by the bed, the numbers changed in a big way.

Katrina now operates three co living homes in San Antonio while living in California. Her residents often receive income through SSI, SSDI, or the VA and can handle their own daily activities. The homes provide housing only. Katrina and her company do not provide personal care services.

She explains how a typical four bedroom property can work, why she brought in an operations manager after her second home, and why that manager is paid based on occupied beds.

Katrina also talks about the harder parts of the business. Rent collection needs to stay inside the system. Maintenance reserves matter. Vacancies can quietly become expensive. At one point, six empty beds represented about $4,000 in lost monthly revenue.

Key topics and takeaways:

• Why Katrina rents rooms and beds instead of the whole home
• The numbers behind an eight bed shared home
• Why she recommends at least four bedrooms
• How an operations manager helps keep the homes running
• House rules that reduce resident conflict
• Why cameras are used in common areas
• How Katrina builds referral relationships with caseworkers and social workers
• Why she reviews the business numbers every Monday during her CEO hour

Guest information:

Katrina E. Robinson operates three co living homes in San Antonio, Texas, while living in the Los Angeles area. She also teaches other property owners how to use this housing model.

Website: co-livingbusiness.com

Tools and platforms mentioned:

RentReady

PadSplit

Call to action:

Katrina is looking to connect with people who already own single family rentals, especially properties with at least four bedrooms that may only be producing a few hundred dollars in monthly profit.

Visit co-livingbusiness.com to connect with Katrina and discuss whether that property could be changed to a co living home.