What if one single-family house could earn far more by renting it room by room? In this episode of The Charlotte Business Podcast, host George sits down with Dominique Rice, founder of Summit Bridge Consulting, and Ashley Jeffers, Room Rental Strategist and Educator, to break down how co-living and room rentals work in Charlotte, NC, and how real estate investors can unlock more from a single-family property. Dominique helps investors develop and launch profitable co-living and room-rental properties, from property and deal analysis to renovation planning, contractor coordination, design and furnishing, and launch strategy. Ashley focuses on operations, management and scaling. Together they co-host the Room Rental Profits Mastermind. They cite PadSplit data showing roughly 500 rooms listed in Charlotte against about 5,000 people searching for a room in a single month, and explain what that gap means for investors. ✅ What co-living and room rentals are, and how they differ from a traditional single-family rental ✅ What makes a property a good fit: size, layout, HOA rules, parking and location ✅ Full conversions, permits and why ADUs are on Dominique's radar ✅ The Charlotte room rental market: about 500 rooms vs. 5,000 searches in 30 days ✅ How to tell if a deal is profitable, including Dominique's rule of thumb of no more than $65,000 per bedroom ✅ The most expensive mistakes new investors make, and how to handle neighborhood pushback ✅ Who actually rents a room, and what daily operations look like once your systems are in place ✅ How to get started: a co-living friendly realtor, pricing rooms before you buy, creative financing and the BRRRR method ✅ Advice for Charlotte entrepreneurs 🏠 Room Rental Profits Mastermind October 17 in Charlotte, 9:00 AM to 2:00 PM at Heist Brewery. A half day covering acquisition, operations and scaling, with a 90 day roadmap for attendees. Tickets: https://www.eventbrite.com/e/room-rental-profits-mastermind-tickets-2000320367065 ⏱️ Chapters 00:00 Highlights Intro 01:10 Welcome & Guest Introductions 02:47 Dominique's path from flipping houses to co-living 03:58 Ashley's path from wholesaling to room rentals 06:34 How Dominique and Ashley partnered 10:06 Co-living and room rentals explained 11:56 Average tenure, at-will leases and PadSplit commitments 17:54 What makes a property a good fit for co-living 20:02 Full conversions, permits and ADUs 22:54 The Charlotte room rental market 26:44 Zoning, occupancy limits and local rules 27:32 Neighborhood pushback: co-living vs. Airbnb 30:21 HOAs: what to check before you buy 32:53 Will a room rental actually be profitable? 34:23 The $65,000 per bedroom rule of thumb 35:21 The most expensive mistakes investors make 37:15 Handling community backlash 40:51 Who really lives in a room rental 43:30 Community and companionship in co-living 46:50 Daily operations and management 50:31 Systems, automation and technology 52:35 Getting started: find a co-living friendly realtor 53:42 Targeting deals that have been sitting 90+ days 54:32 Pricing rooms before you buy 56:01 When to buy your second property 57:08 Creative financing and the BRRRR method 59:18 Room Rental Profits Mastermind details 1:02:39 Charlotte Four segment 1:07:32 Advice for Charlotte entrepreneurs 1:11:10 Where to find Dominique and Ashley 👤 Guests: Dominique Rice, Founder, Summit Bridge Consulting Website: https://summitbridgeconsultants.com/ Instagram: https://www.instagram.com/iamdominiquerice/ LinkedIn: https://www.linkedin.com/in/dominique-rice-6332785b/ Ashley Jeffers, Room Rental Strategist and Educator, Co-Host, Room Rental Profits Mastermind Instagram: https://www.instagram.com/ashthepreneur/ Facebook: Ashley D Jeffers Email: support@roomrentalprofits.com 🎙 Host: George | The Charlotte Business Podcast This episode is for education and general information only. It is not financial, legal or investment advice. Subscribe to The Charlotte Business Podcast for more Charlotte founders, business stories and local economy conversations. Watch the full video on YouTube: https://youtu.be/-JCl1ABZjwo Episode page: https://thecharlottebusinesspodcast.com/dominique-rice-ashley-jeffers