Living Off Rentals: #92 - Over 100% Higher Cash Flow on Affordable Rentals Using This Strategy

#92 - Over 100% Higher Cash Flow on Affordable Rentals Using This Strategy - Atticus LeBlanc

Nov 17, 2021

Our guest has 16 years of experience as an entrepreneur in real estate. He’s also a self-proclaimed housing nerd with a bias for action

Joining me on the show is Atticus LeBlanc. He is the founder and CEO of PadSplit, an affordable housing tech startup based in Atlanta that provides a house-sharing service for tenants and helps the property owner get to financial independence.

In this episode, Atticus dives into his shared housing program—how it works, who it is for, and how it compares to short-term rentals. He breaks down the numbers that people need to consider if they’re thinking of getting involved with PadSplit. He also weighs in on the future of affordable housing.

Learn how to get creative and boost cash flow as a landlord in this crazy expensive environment!

Key Takeaways

[02:13] Atticus’ background and how PadSplit came to be

[04:50] How PadSplit operates

[10:58] The ideal landlord or investor

[14:55] What PadSplit does when it approaches a new market

[19:25] How it manages to achieve high turnover and collection rates

[24:12] Separate the financial issues from the social issues

[28:35] About damage deposits

[31:55] How much you could potentially net from the shared housing model

[41:35] Atticus’ outlook on affordable housing

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