Double Your Cash Flow by Renting Rooms With Hawk Mikado (Ep 522)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.8 • 836 Ratings

🗓️ 20 May 2025

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hawk Mikado shares his experience renting properties by the room and how he doubled his cash flow using this strategy.

We discuss why he prefers renting to people staying just a few months instead of locking in year-long leases, how he chooses the perfect properties, and the ideal number of bedrooms and bathrooms.

Hawk also shares how he manages everything remotely, even while living in a different state. And of course, we dig into the numbers. Hawk opens his books and shows us exactly how much he’s making per property.

https://rentalincomepodcast.com/episode522

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Transcript

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0:00.0	inspiring interviews with today's top landlords this is the rental income podcast and now dan lane
0:09.7	hawk you've doubled your cash flow by renting by the room that is pretty awesome and this is a
0:15.3	strategy that you're really passionate about you really love other than making the extra money
0:20.3	what is it that you really like
0:22.8	about renting by the room we don't have to worry about if you know one room's empty versus the
0:29.4	whole house is empty we're still profitable on a three bedroom house on a on the five bedroom
0:35.6	house that we have um at two and a half rooms, we are in profit.
0:42.5	So it really just depends on the room and kind of, you know, when you get in, what's the,
0:47.8	what's the rental rate, the mortgage rate, all that sort of stuff?
0:50.1	My first thought is that renting by the room is going to be a lot more work, but Hawk tells me it really isn't.
0:56.2	On the show today, we're going to figure out how he has everything set up and how everything's working out for him.
1:01.6	We'll take a look at the numbers on one of his deals and see if this is something that might make sense for you.
1:08.3	Joining us on the show today from Tampa is Hawk Makado. We'll take a quick
1:13.1	break to thank our sponsors. We'll come right back and we'll talk to Hawk. It's a lot of work to find
1:18.4	a really good rental property. And when you actually find that property, you want to make sure
1:22.6	you're working with a lender that can get that loan closed. The lender that I recommend is Chaley Ridge from Ridge Lending Group.
1:30.5	She's a nationwide lender and her specialty is helping investors finance rental
1:35.2	properties.
1:36.3	She has a ton of loan programs and she can find something customized to you for your
1:40.8	situation.
1:42.1	If you want to find out more or you're ready to get started today,
1:45.2	just go to ridgelendinggroup.com. That's R-I-D-G-E lending group.com, NMLS 42056.
	...

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