EP 18 - From 65% to 95%: How Pascal Wagner Turned Around a Failing Co-Living Portfolio
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Narrated by:
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By:
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 it
- The "graffiti train" effect and why small messes escalate fast
- Building a "tattle culture" with cameras, fines, and clear expectations
- Why he ditched house managers for dedicated cleaners
- Welcome baskets, onboarding calls, and slashing 90-day churn
- The case against pushing rents, and why filling rooms wins
- Refinancing co-living, navigating appraisals, and staying upfront with lenders
- His current thesis: buy ugly, renovate right, and pull your capital back out
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Miller McSwain — https://www.instagram.com/millermcswain
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🔗 Connect with Pascal Wagner on LinkedIn: https://www.linkedin.com/in/pascalwagner
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