The Rich Somers Report (OLD)
Join host Rich Somers, as he interviews top real estate investors, entrepreneurs, and athletes from all over the world to discuss all things real estate, business, and wealth related. His first guests include Tarek El Moussa - real estate investor & TV personality, and Cliff Avril - former Seattle Seahawks player & Super Bowl XLVIII Champion. Rich is an active real estate investor and entrepreneur holding a portfolio of apartment buildings, boutique hotels, and short-term rentals valued in excess of $80M. He was an air traffic controller for the government for 11 years, and cashed out his 401k to get his start in real estate investing. Connect with Rich on Instagram: @rich_somers
The Rich Somers Report (OLD)
Cashflow by the Room : Breaking Down Co-Living Real Estate | Joe Moffet E448
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Cash flow doesn’t always come from bigger deals—sometimes it comes from using space more intelligently.
Rich Somers sits down with Joe Moffet to break down the co-living model and why renting by the room has become one of the most reliable ways to generate cash flow in today’s market. Instead of fighting interest rates or waiting for appreciation, Joe explains how this strategy focuses on monthly income first—and why that mindset changes everything.
The conversation dives into what co-living actually is, how to identify the right markets, and what makes a property work for this model. Joe shares real numbers, buy-box criteria, and the operational details most people overlook—from parking and bathrooms to tenant screening, house rules, and culture. He also explains why certainty matters, how memberships replace traditional leases, and how this approach reduces downside risk.
Rich and Joe unpack why affordable housing demand continues to grow, how co-living solves a real problem for working professionals, and why this strategy can outperform traditional long-term rentals with fewer doors. From underwriting and market testing to managing tenants and scaling responsibly, this episode lays out a clear framework for investors who want income now—not later.
This is a grounded, no-fluff breakdown of co-living real estate for investors looking to maximize cash flow, create stability, and build momentum in any market cycle.
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