The Co-Living Show
Co-living is one of the most misunderstood, and highest-potential, strategies in residential real estate investing. Most investors hear the buzzwords, see the cash-flow claims, and immediately assume it’s either too risky, too operationally intense, or too complicated to scale. The truth is simpler: coliving work exceptionally well when built on systems, governed by operational clarity, and executed like a real business, not a side hustle. The Co-Living Show exists to make that clarity accessible for serious professionals who want smarter returns without gambling on guesswork.Hosted by BiggerPockets authors Craig Curelop and Miller McSwain, The Co-Living Show goes far beyond s...
EP 39 - The Future of Co-Living: AI, Automation, and the Power of Community
What can American co-living investors learn from Europe's approach to shared housing?
In this episode of The Co-Living Show, hosts Craig Curelop and Miller McSwain welcome Gui Perdrix, a European co-living expert, author of The Art of Coliving, and former president of Co-Liv, to explore how community, technology, and automation are shaping the future of the co-living industry.
Originally from France, raised in Germany, and now based in Portugal, Gui brings a unique international perspective to the conversation. After operating co-living spaces across Europe, Asia, and Latin America, visiting...
EP 38 - How Andres Martinez Built 107 Co-Living Rooms and Automated His Property Management with AI
What if you could build a portfolio of 107 co-living rooms without spending your days answering tenant messages, handling maintenance requests, and managing every little detail?
In this episode of The Co-Living Show, hosts Miller McSwain and Craig Curelop sit down with Andres Martinez, a real estate investor and entrepreneur who went from working multiple jobs as an immigrant from Peru to building a 107-room co-living portfolio across 14 properties in Dallas-Fort Worth.
Andres shares how he acquired 10 properties in just 18 months using creative financing, subject-to deals, seller financing, and private money partnerships...
EP 37 - The 8 Must-Haves for Smooth and Profitable Co-Living Operations
What separates a profitable co-living property from one that's constantly creating headaches for its owner?
In this solo episode of The Co-Living Show, Craig Curelop and Miller McSwain break down the eight must-haves for running co-living homes smoothly, efficiently, and profitably.
With approximately 300 rooms under management, Craig and Miller have seen what works, what doesn't, and which seemingly small property decisions can create major operational challenges.
From parking and bathroom ratios to storage, security, and reliable internet, they share practical lessons from their own portfolio, including mistakes they've made...
EP 36 - How to Buy Real Estate with Creative Financing (Without Getting Burned)
What if you could buy a rental property with a 3% interest rate in today's market? Creative financing can make that possible, but one poorly structured deal could cost you thousands.
In this episode of The Co-Living Show, Miller McSwain and Craig Curelop sit down with Caleb Christopher, real estate investor and owner of Creative Title, to break down how subject-to deals, seller financing, and wraparound mortgages actually work.
Caleb shares how he went from accidental landlord to creative financing specialist, including a deal where he took over a property with a 3.65...
EP 35 - How to Run Co-Living Properties From Halfway Around the World
What does it actually take to run co-living properties when you live halfway around the world?
In this episode of The Co-Living Show, Miller McSwain and Craig Curelop sit down with Oren Kachel, an investor based in Israel who owns and operates U.S. real estate remotely, including co-living properties in smaller markets like Clarksville, Tennessee and Montana.
Oren shares how he went from fix-and-flips and multifamily investing to deciding to go all-in on co-living. He explains why he prefers smaller markets, how he evaluates properties from thousands of miles away, and why finding the...
EP 34 - Build With the Exit in Mind: Co-Living Resale with Josh Stanton
Build With the Exit in Mind: Co-Living Resale with Josh Stanton
Most co-living investors spend a lot of time thinking about how to buy a property, renovate it, fill the rooms, and maximize cash flow.
But what happens when it’s time to sell?
In this episode of The Co-Living Show, Craig Curelop and Miller McSwain sit down with Josh Stanton, a longtime co-living investor and real estate agent in Atlanta who has been involved with PadSplit since its earliest days.
Josh started with a simple house ha...
EP 33 - Everything Co-Living Investors Need to Know About Financing | Jeffrey Weller
Financing a co-living property can get complicated fast—especially when traditional lenders, underwriters, and appraisers don’t fully understand the model.
In this episode of The Co-Living Show, Miller McSwain and Craig Curelop sit down with Jeffrey Weller, CEO of Coast 2 Coast Mortgage, to break down what co-living investors need to know about financing their properties.
Jeff shares how his own experience buying and converting a PadSplit led him to recognize the challenges investors face when trying to finance room-rental properties. That experience eventually pushed him deeper into developing lending solutions spec...
EP 32 - From House Hacker to 56 Rooms: How Networking Built Yoni Kaszynski’s Co-Living Business
Yoni Kaszynski is back on The Co-Living Show nearly a year after his first appearance — and a lot has changed.
What started with a house hack has grown into a 56-room co-living operation across properties he owns and manages in the Seattle area. Along the way, Yoni has expanded beyond simply buying properties into real estate sales, consulting, property services, and helping other investors launch their own co-living homes.
In this episode, Yoni joins Miller McSwain and Craig Curelop to break down what changed as he scaled — including his decision to finally give PadSplit a try...
EP 31 - How to Negotiate Real Estate Deals: The SCALE Framework
Negotiating a real estate deal isn’t just about getting the lowest price.
In this solo episode of The Co-Living Show, Miller McSwain and Craig Curelop break down the SCALE Framework, the negotiation process they use to structure deals that work for both the buyer and the seller.
They walk through how to understand seller motivation, create valuable terms beyond purchase price, use new information from inspections and due diligence to renegotiate, establish your limits before emotions take over, and ultimately engineer a win-win deal.
You’ll also hear real examples from...
EP 30 - How We Negotiate Real Estate Deals to Save Five Figures
Most investors focus almost entirely on purchase price when negotiating a real estate deal. But price is only one piece of the offer.
In this episode of The Co-Living Show, Miller McSwain and Craig Curelop break down how they structure and negotiate real estate offers, including the different levers that can potentially save you tens of thousands of dollars or dramatically improve your cash-on-cash return.
They walk through the major components of an offer, including purchase price, closing timelines, inspection contingencies, appraisal gaps, financing contingencies, earnest money, seller concessions, and closing costs.
<...EP 29 - The 9-Point Due Diligence Checklist That Has Saved Us Thousands
A co-living property can look like a great deal on paper, but one overlooked sewer, structural, zoning, or insurance issue could cost you thousands after closing.
In this episode, Miller McSwain and Craig Curelop break down the nine-part due diligence checklist they use before buying a co-living property. They explain which inspections are worth paying for, how inspection findings can create negotiating leverage, and when a serious issue should make you reconsider the deal.
You’ll learn how to evaluate:
• General property inspections
• Sewer scopes
• Electrical panels and capacity
• Roof condition<...
EP 28 - Inside the Country's Largest Co-Living Operation
How do you scale a co-living company from a small operation to nearly 4,000 units across major U.S. cities?
In this episode, Miller and Craig sit down with Sergii Starostin, co-founder and CEO of Outpost Club, to explore the strategies behind one of the country’s largest co-living operations.
Sergii explains how Outpost expanded through organic growth and strategic acquisitions, including taking over properties from Bedly, Quarters, Common Living, and June Homes. He also shares how the company evaluates acquisition opportunities, determines which markets make sense, and chooses between master leases, revenue-sharing agreements, and property ma...
EP 27 - The AI-Powered Co-Living Owner: Investing From 800 Miles Away
Can AI help you become a more informed co-living owner without taking over your property manager’s job?
In this episode of The Co-Living Show, Miller McSwain and Craig Curelop sit down with Tanya Zorov, a co-living investor who lives in New Jersey and owns two properties in Jacksonville, Florida.
Tanya explains how she purchased two already-operating co-living homes, kept the existing property manager in place, and began using AI to improve her oversight of the portfolio. She shares how she combines income and expense data, monitors cash flow, tracks repairs, studies room performance, and ev...
Ep 26 - Co-Living Arbitrage: The Low-Capital Way to Scale
Can you scale a co-living business without buying every property?
In this episode, Miller and Craig are joined by Dave Edwards, founder of CoLiving Operations, for a detailed breakdown of co-living arbitrage.
Instead of purchasing a property and taking on a mortgage, an arbitrage operator leases the home from its owner, receives permission to operate it as a co-living property, and rents the individual rooms. This can reduce the capital needed to get started while potentially producing stronger monthly cash flow.
Dave walks through his first co-living arbitrage deal: a six-bedroom...
EP 25 - 8 Things We Look for Before Buying a Co-Living Property
Not every large house is a good co-living investment.
In this solo episode, Miller McSwain and Craig Curelop break down the eight factors they evaluate before buying a property for co-living. Drawing from their experience acquiring and operating dozens of homes, they explain how neighborhood demand, property layout, parking, bathroom ratios, and other details can determine whether a deal succeeds or becomes an operational headache.
In this episode, you’ll learn:
Why Class B and C neighborhoods often work best for co-livingThe property size and bedroom count Craig and Miller targetHow they turn a si...EP 24 - Building a Co-Living Portfolio While Traveling the World
What if your real estate portfolio could support your lifestyle instead of controlling it?
In this episode of The Co-Living Show, Craig Curelop and Miller McSwain sit down with Eric Lafon to break down how he is using house hacking and co-living to build financial and geographic freedom.
After being laid off from his software job just before Christmas, Eric moved to Denver and took action on a goal he had been considering for years. He purchased a four-bedroom property, converted it into seven rentable bedrooms, and now generates approximately $7,000 per month in rental income.<...
EP 23 - The Truth About Co-Living Laws Every Investor Needs to Know
Most investors focus on finding deals.
Very few think about changing the laws that determine whether those deals are even possible.
In this episode, Craig Curelop and Miller McSwain are joined by legislative attorney Sam Hooper to unpack the legal side of co-living. They discuss zoning, occupancy limits, housing policy, and why creating better legislation is ultimately more powerful than relying on loopholes or gray areas.
You'll hear about:
The biggest legal obstacles facing co-living operatorsThe difference between occupancy limits and zoning restrictionsStates leading the way in co-living legislationHow investors...EP 22 - How We Took a Co-Living Portfolio From 50% to 90% Occupancy
Craig Curelop and Miller McSwain sit down for a solo episode of The Co-Living Show to unpack how they took a struggling co-living portfolio from around 50% occupancy to 90% occupancy in just a few months.
This was not a simple “post better listings and fill the rooms” story.
Before the turnaround, the portfolio had major operational issues. Owners were frustrated, residents were unhappy, vendors had concerns, systems were inconsistent, houses were set up differently, and occupancy was far below where it needed to be.
Craig brought the acquisition and growth side. Miller brought the oper...
EP 21 - How Furnished Finder Is Opening the Door for Co-Living Investors
In this episode of The Co-Living Show, Craig Curelop and Miller McSwain interview Jeff Hurst, CEO of Furnished Finder, about the growing connection between mid-term rentals, furnished room rentals, and co-living.
Jeff explains why room rentals are becoming one of the fastest-growing areas on Furnished Finder, why the platform needs more affordable supply, and how co-living investors may be able to use Furnished Finder to reach renters looking for flexible housing.
The conversation covers what today’s Furnished Finder tenant is looking for, how co-living operators can test the platform, what makes a furnished room mo...
EP 20 - How to Buy Off-Market Co-Living Deals (Seller Financing Explained)
Off-market deals are where the deeper discounts live, and in this episode, Craig and Miller bring on Robbie Faithe to show you exactly how to find and structure them. Robbie is an Albuquerque investor, broker, and private lender with 18 years in the business and a full off-market acquisition funnel.
In this episode:
Why buying off-market juices your co-living returnsHow seller financing works, and how to explain it without scaring the sellerNegotiating on payment instead of interest rateWhy you don't need your own cash to do a dealThe exact cold-call script Robbie uses with sellersHow to get...EP 19 - Airbnb to Co-Living Conversion: Why These Arizona Flippers Made the Switch
What happens when two people with 26 years and 2,500+ flips under their belt discover co-living? For Brian and Gina Kingdeski, it meant ditching a struggling Arizona Airbnb portfolio and going all-in on building co-living homes from the ground up.
In this episode, Brian and Gina explain why they made the switch, how they fill rooms faster than almost anyone in the space (8 rooms in under two weeks, often before closing), and the construction details that separate a beautiful, high-performing co-living home from a cold, chopped-up "dorm." They get into their 8-bedroom minimum, the ~$7,500/month gross on a converted 1,300...
EP 18 - From 65% to 95%: How Pascal Wagner Turned Around a Failing Co-Living Portfolio
Pascal Wagner bought 12 properties in two years, and then his occupancy dropped to 65%. In this episode, he shares how he booked a one-way ticket to Atlanta, fixed the bleeding, and rebuilt his portfolio into a 104-room operation running at 95% occupancy and a 25% cash-on-cash return.
Pascal is a true problem-solver, and he gives a masterclass in co-living operations: how to keep houses clean, set firm standards, reduce churn, and build a team that lets you sleep at night.
What you'll learn:
How deferred maintenance crushed his occupancy, and the turnaround that reversed itThe "graffiti train"...EP 17 - From College Football to Phoenix's #1 Co-Living Property Manager
Corey Enman runs the largest co-living property management company in Phoenix — 40+ houses and 100+ rooms — and in this episode he gets tactical about exactly how he does it. This is a pen-and-paper one: the specific softwares, screening rules, and operations systems he's spent three and a half years refining.
Corey walks through his SWAT cleaning system (sweep, wipe, attend to the bathroom, take out the trash), why he switched residents to Telegram instead of WhatsApp, and the screening criteria that keep his houses problem-free, including why he turns away smokers every time. He also breaks down good market vs...
EP 16 - Inside PadSplit: A Host Advisor Reveals What Actually Works
Most of the co-living world runs on PadSplit — but Craig and Miller don't operate on it themselves. So they invited a PadSplit insider to explain exactly how it works.
Suzanne Vetillart, a Host Advisor at PadSplit and an 8-year Seattle investor, joins the show to demystify the platform: what it is, who it's for, what it costs, and why the affordable housing opportunity is only getting bigger. From the membership agreement and fee structure to the early-adopter advantage in markets like Seattle, this episode is a clear, honest look at PadSplit from someone on the inside — useful whet...
EP 15 - How Twin Brothers Built 7 Co-Living Homes in 2 Years
In this episode of The Co-Living Show, Craig Curelop and Miller McSwain sit down with twins Hem and Harsh, the operators behind CH Room Rentals, to unpack how they scaled from their first house hack to 7 co-living homes and 35 rooms in just a couple of years.
Hem and Harsh share their story of immigrating to the U.S. from India, working full-time through college, saving aggressively, and using house hacking as their entry point into real estate. What started as one 5-bedroom home in Charlotte quickly turned into a...
EP 14 - PadSplit vs. Self-Management: The Great Co-Living Debate
In this episode, Craig Curelop and Miller McSwain sit down with co-living investor Travis Schwartz to talk about one of the biggest debates in the co-living space: Should you self-manage your rooms, or use a platform like PadSplit?
Travis brings a unique perspective. After starting out by building his own systems, managing leads, and filling rooms himself, he eventually moved his portfolio onto PadSplit. That decision helped him simplify operations, cut down on manual lead management, and shift his focus back to acquisitions.
And the results were significant.
Travis...
EP 13 - Invoice Authorization: The Co-Living Buyer's Secret Weapon
Matt Osman is back... and this time we're going deep on one tool that can dramatically reduce the cash you bring to a co-living acquisition: the invoice authorization.
In simple terms, it's an addendum where the seller agrees to pay your contractor directly at closing. Done right, it lets you fold renovation costs into your loan, keep the seller whole, satisfy the lender, and walk into a co-living-ready property with a fraction of the out-of-pocket spend.
Matt shares real examples (including a $100K invoice authorization on one deal), the front-end vs. back-end negotiation playbook, how...
EP 12 - From Gray Area to Real Coverage: Fixing Co-Living Insurance
The Co-Living Insurance Gap (and How to Fix It) | ft. Matthew Osman
Co-living is growing fast—but insurance hasn’t caught up.
In this episode, we sit down with Matthew Osman, a co-living realtor and operator who’s been working on one of the most overlooked risks in the space: improper insurance coverage.
Most operators assume they’re covered under standard landlord policies.
But once you go beyond 4 unrelated tenants, you may be operating in a gray area, or worse, completely exposed.
We break down what...
EP 11 - From 0 to 600+ Rooms: How Franco Scaled Co-Living Across the U.S.
In this episode of The Co-Living Show, we sit down with Franco Montano, a seasoned operator managing 600+ co-living rooms (and owning 150+ himself), to break down what it actually takes to scale a co-living portfolio.
Franco shares how he transitioned from running a 42-location T-Mobile business with 750 employees into real estate—and why co-living became his highest ROI strategy.
If you’re serious about building a cash-flowing co-living portfolio, this episode is packed with real-world insights you won’t hear anywhere else.
🔑 What You’ll Le...
EP 10 - The Co-Living Lending Playbook: How Smart Investors Structure Deals (Most Miss This)
The Co-Living Lending Playbook: How Smart Investors Structure Deals
Financing is the part of co-living that most investors underestimate… until a deal almost falls apart.
In this episode of The Co-Living Show, Miller McSwain and Craig Curelop sit down with Jessica Khani, a top 1% loan originator and real estate investor who has helped structure and close a large portion of their portfolio.
They break down what actually happens behind the scenes of getting deals funded—and why the right lender is often the difference between scaling and getting stuck.
...
EP 9 - How Alfredo Scaled to 800 Co-Living Doors in 12 Months (Systems, Ops & Strategy)
In this episode of The Co-Living Show, Miller McSwain and Craig Curelop sit down with Alfredo Goytia, a co-living operator who scaled from 0 to 800 doors in just 12 months.
This is not theory—this is real-world execution.
Alfredo breaks down exactly how he built a high-performance co-living operation, including:
The systems required to scale from small portfolios to hundreds of doors Why co-living operations are more about processes than properties How automation and tech replace traditional property management models The biggest mistakes operators make when trying to scale W...EP 8 - Co-Living Operations Explained: Lessons from Managing 400+ Rooms
Scaling a co-living business isn’t about buying more properties.
It’s about building systems that actually work.
In this episode of The Co-Living Show, Miller McSwain and Craig Curelop sit down with Dave Edwards—an experienced co-living operator who has managed over 400 rooms—to break down the real operational systems behind scaling co-living rentals successfully.
If you’re a real estate investor, house hacker, or co-living operator trying to increase cash flow, improve occupancy, and streamline property management, this episode gives you a behind-the-scenes look at what it actually takes to r...
EP 7 - From $400K Loss to Millions: The Co-Living Lending Comeback Story
From $400K Loss to Lending Millions: The Co-Living Comeback Story
In this episode, we’re joined by Fernando Corona, a co-living lender who’s helped investors close hundreds of deals—and built his business after losing over $400,000.
We break down the real path to success in co-living: failure, resilience, and learning how to solve problems most investors avoid.
Fernando shares how he:
Went from zero income to owning multiple co-living properties Built a lending business by solving his own financing problems Uses creative loan strategies to help investors scale faste...EP 6 - The Co-Living Operator’s Secret Weapon: Systems, Automation, and Scale
In this episode of The Co-Living Show, Craig Curelop and Miller McSwain are joined by Jordan Smith, a co-living operator who has built a 30-bedroom portfolio with a strong focus on systems, automation, and operational efficiency.
Jordan breaks down how he got started with his first house hack, what the numbers looked like on that first deal, and how his background in management consulting shaped the way he now runs his portfolio. The conversation covers lead generation, pre-screening, automations, communication systems, maintenance workflows, tenant issues, and the operational mindset required to scale co-living...
EP 5 - How Clara Scaled Co-Living to 160 Rooms in 2.5 Years Without Ads
In this episode of The Co-Living Show, Craig Curelop and Miller McSwain are joined by co-living pioneer Clara Arroyave, who scaled a 160-room co-living portfolio generating nearly $2M annually using the arbitrage model.
Clara shares how she filled rooms without paid marketing by partnering directly with employers, universities, and HR departments, how her portfolio grew rapidly in Boston, and what ultimately happened when COVID disrupted the arbitrage model.
She also explains the lessons she learned from scaling quickly, why arbitrage shouldn’t be your long-term st...
EP 4 - 500 Rooms. One Strategy: How Harrison Scales Co-Living in 100+ Unit Buildings
In this episode of The Co-Living Show, Craig Curelop and Miller McSwain welcome Harrison DeMaira, a large-scale co-living operator with experience managing everything from small townhouse conversions to 100+ unit buildings and 400-unit purpose-built co-living developments.
Harrison breaks down what changes when you scale co-living into multifamily—and what operators get wrong when they assume co-living leases like traditional rentals. We cover the real leasing funnel, scrappy marketing that still works (signage + employer outreach), the operational systems you must build early, and how to think about furnishing, unit design, and resident experience at...
EP 3 - How Tanner Bought a $1.3M Property With Just $5K Down
In this tactical episode of The Co-Living Show, hosts Miller McSwain and Craig Curelop sit down with Colorado investor and agent Tanner Pile to unpack one of the most creative deals you’ll hear this year:
👉 A $1.3 million property
👉 Structured with owner financing
👉 Acquired with just $5,000 out of pocket
But this episode goes far beyond the headline.
Tanner breaks down exactly how he negotiated the seller financing, how he structured the down payment, and what made the deal work i...
EP 2 - CoLiving Cait: The Systems, The Stories, The Reality
In this episode of The Co-Living Show, Craig Curelop and Miller McSwain sit down with Caitlyn Verdugo — aka Co-Living Cait — an Atlanta-based co-living agent, investor, operator, capital raiser, and coach who’s been in the space since the early PadSplit days.
Atlanta is one of the most mature co-living ecosystems in the U.S., and Caitlyn has seen the model evolve from “rent-by-the-room” experiments into a real operating business. She shares what she’s learned from acquiring and running co-living homes, how she approaches conversions (including garage builds), and why she intentionall...
EP 1 - Why We Built The Co-Living Show (And What Most Investors Miss)
Welcome to Episode 1 of The Co-Living Show — where hosts Craig Curelop and Miller McSwain break down how to build real cash flow with room-by-room rentals.
In this first full episode, we lay the foundation:
Why co-living is misunderstood, what most investors get wrong, and how Craig + Miller approach the strategy from two different seats — growth + acquisitions (Craig) and operations + systems (Miller). You’ll also hear their personal stories, how Miller scaled to 7 properties / 51 rooms, why networking changed everything, and how this partnership (and pod...
TRAILER | The Co-Living Show with Craig Curelop and Miller McSwain
🎙️ Trailer: Welcome to The Co-Living Show
In this official trailer, hosts Miller McSwain and Craig Curelop introduce The Co-Living Show—the first podcast built specifically for operators and investors who want real, scalable cash flow without pretending shared housing is simple.
This show goes beyond surface-level advice and passive-income hype. It’s about what actually works in high-density residential real estate—and what breaks if you’re not prepared.
🔍 What This Show Is About
On The Co-Living Show, we dive deep into:
- Zoning and compliance that can make or kill...