Landlord Diaries - The Monthly Rentals Podcast
Most landlords learn through trial and error. Landlord Diaries gives you the cheat codes for getting into monthly (mid-term) rentals and learning how they actually work.
Expert hosts Kelly Bailey and Katie Lyon reveal the secrets to finding success in the monthly rental game. They talk with real landlords who have figured it out, so you can learn real strategies on investment, property management, and building real estate income without the chaos of short-term rentals or the headaches of long-term leases.
If you've ever wondered whether monthly rentals could work for you, this is where you start. Furnished Finder is the trusted leader in the category, connecting millions of travelers with furnished 30+ day housing across the US. No booking fees, no commissions, just one low annual listing fee, and you have total control of your rental.
Your next rental strategy might be one episode away. Find recent episodes and meet Kelly and Katie at https://www.furnishedfinder.com/resources/podcast
Landlord Diaries - The Monthly Rentals Podcast
America Has 32+ Million Empty Bedrooms. Solving the Housing Crisis with PadSplit + Furnished Finder
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America has between 32 million and 130 million empty bedrooms sitting unused every single night. The housing shortage is estimated at just 1.8 to 7.5 million units. If you can do basic math, you already know what that means, and Atticus LeBlanc, founder and CEO of PadSplit, is here to break down exactly why room rentals are the fastest, most profitable way for landlords to close that gap.
In this episode, Atticus walks us through the exact room rental conversion that took his net operating income from $1,100 to $2,400 a month. He shares why the traditional buy, renovate, rent playbook does not pencil the way it used to, and why landlords looking for cash flow, financial freedom, or a way to make an underperforming property profitable again are turning to co-living.
Room Rental Inventory on Furnished Finder:
https://www.furnishedfinder.com/search/furnished-rooms
Check average room rental pricing in your markets:
https://www.furnishedfinder.com/stats
In this conversation you will learn:
- Why room rentals can deliver a 2X increase in net operating income compared to traditional single family rentals
- Where co-living demand is significantly outpacing supply in a variety of US markets
- Why PadSplit residents save an average of $317 a month, adding up to over $200 million in collective savings
- How the Furnished Finder and PadSplit partnership brought 1,000 room rentals across seven markets onto the platform
- The real story of Tiffany, a night shift security guard who saved $600 a month, bought her own car, and moved into her own apartment within six months
- What zoning, HOA restrictions, and Golden Girls bills mean for landlords considering the co-living model
- Why seasonality in room rentals looks nothing like the short term rental world, giving landlords steadier year round cash flow
Furnished Finder and PadSplit together offer over 95,000 room rentals nationwide, giving landlords and investors the largest combined footprint of monthly co-living inventory in the United States. Whether you are a mid-term rental landlord, a short-term rental host adjusting to new regulations, a long-term landlord looking for more cash flow, or a new investor exploring your first property, this episode gives you the data and the strategy to think about your next move differently.
List Your Property on Furnished Finder:
https://www.furnishedfinder.com/list-your-property
Use code LLD10 for $10 off new listings.
Timestamps
0:00 Welcome to Landlord Diaries
1:30 What is PadSplit and the problem it solves
3:20 The impact of room rentals on the housing shortage
4:30 Millions of US bedrooms sit empty every night
5:00 The barriers that block market rate apartments
7:35 Why co-living is a 4 sided win for communities
8:30 What landlords meet PadSplit brand standards
10:10 How room rentals move the needle on affordability
11:20 10,000+ affordable units created in Atlanta metro
12:25 Who is leasing and renting by the room
14:35 1/3 of US renters earn less than $35k a year
16:20 Why demand stays stable in every economy
18:45 The huge cash flow opportunity in room rentals
21:40 What NOI is and why it matters for landlords
23:40 Turning your dining room into a rentable bedroom
26:55 Top room rental markets and how to create supply
30:30 Why Furnished Finder and PadSplit partnered up
34:55 Remote workers can test cities for 3 to 4 months
36:40 A real underperforming property that transformed
37:45 Tiffany's story: from motel to her own apartment
39:10 Misconceptions landlords have about co-living
41:35 Do room rentals have a seasonality problem
44:10 Zoning and HOA restrictions to watch for
48:15 Golden Girls bills and the fight to change laws
49:20 The first step to take this week
50:15 Rapid fire: surprise markets and biggest mistakes
Meet your hosts Kelly Bailey & Katie Lyon, plus catch up on past episodes:
https://www.furnishedfinder.com/resources/podcast
Topics covered: mid-term rentals, room rentals, co-living, PadSplit, Furnished Finder, net operating income, real estate investing, housing shortage, affordable housing, cash flow strategy, landlord tools, monthly rentals
The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.
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