How Rent-by-Room Real Estate Cash Flows When Regular Rentals Don't | Yoni Kaszynski

Well, I think at, at a bare minimum, you should be hitting one percent. One percent will cover your costs. But a lot of people, and I think between, like, twenty-twenty and twenty-twenty-two, twenty-three, they, they saw this crazy appreciation where prices are going up ten percent, twenty percent a year, and they thought that would last for, for maybe longer. And they would say, "Oh, I can buy something that loses money 'cause eventually the rents will go up, and the value will go up, and, and I'll make money then." And I think that's terrible advice. It should make money today or a- at the very least break even, but you shouldn't be paying money for something that loses you money unless you have a really good plan. But for the vast majority of people, that's not a good idea.

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Welcome back to The Real Estate Pros podcast, powered by Investor Fuel. I'm your host, Scott Percy. Glad you're with us. Today we're pleased to have Yoni Kazinsky joining us. Yoni is the founder of Cascade Coliving, who manages over fifty room rental units across the Pacific Northwest. Yoni brings top-tier project management discipline from his work at PwC and United Airlines straight into real estate underwriting. Listeners, you can expect strategies on building reliable cash flow through coliving and why taking action beats waiting for a perfect deal. Yoni, welcome to the show.

Thanks for having me. I appreciate it.

It is just awesome having you here, my friend. And to help our listeners get up to speed, please give us the ninety-second highlight reel of how your career ignited and where you're pouring your fuel now.

Sure. So I think just coming from a background of, like, supply chain and thinking of, and the different jobs I've had, of thinking of things like sequentially and, you know, orderly and, and kind of with patterns and things like that, is kind of thinking like what makes sense just, you know, with... Like, everything's like a math problem, right? In real estate, it's like obviously you want your revenues to be higher than your expenses. That's any business, right? So I think for me, when I started in real estate in twenty-five, uh, you know, that was my first investment and, and at that time, a lot of investors were just pausing like, "I don't know what to do. The rates are high, the prices are high," and they kinda just froze. So me, I wanted to take action and, like I said earlier, like, I think, uh, taking action beats waiting. There's a balance to it. You don't wanna be reckless and just, like, buy anything the second you see it and not analyze it, but you don't wanna a- overanalyze, and I think some pe-