He Was Losing Money on Airbnb — Now He’s Making $2K/Month Renting By The Room With Scott Morse (Ep 543)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 836 Ratings
🗓️ 14 October 2025
⏱️ 28 minutes
🧾️ Download transcript
Summary
In this episode, Scott shares how he converted his former Airbnbs into co-living rentals and why his cash flow is now more consistent, and even higher than before.
He explains how he finds tenants, how he manages his rentals with very little vacancy and how easy the turnovers are between tenants.
Scott also walks us through the changes he made to his houses to make them work for co-living and compares his Airbnb revenue to what he’s earning today.
Scott also shares how he's finding deals today.
https://rentalincomepodcast.com/episode543
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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 scott |
| 0:09.9 | tell me what happened with your airbnbs yeah we need it more consistency uh as the kind of the market's gotten |
| 0:17.3 | tighter and i think really american'sets have gotten tighter. The amount of |
| 0:21.8 | bookings that we were getting weren't what they used to be. And so we started looking at some of our |
| 0:26.6 | other performing assets and we said, hey, man, listen, if we take this exact same property, get rid of |
| 0:31.2 | the Airbnb bottle and move it into co-living, we should be able to convert these underperforming |
| 0:36.6 | properties that scare us every month |
| 0:38.3 | into something that actually can put cash in our pockets. |
| 0:41.1 | Scott is consistently profiting anywhere between $1,500 and $2,000 a month on each single family |
| 0:49.6 | property that he owns. |
| 0:51.1 | And on the show today, we're going to figure out how he's doing it. |
| 0:54.9 | We'll talk about ways that he's maximizing revenue. We'll talk about what he's looking for in a co-living |
| 1:00.1 | property and how he's finding deals today. We'll also talk about the platform that he's using |
| 1:06.3 | to find tenants and manage his properties. And we'll talk about how he's managing his properties from |
| 1:12.6 | outside the country. Scott is currently living in Columbia, but he's managing properties in both |
| 1:18.6 | Virginia and Florida. Joining us on the show today from Columbia is Scott Morris. We'll take a quick |
| 1:25.5 | break to thank our sponsors. We'll come right back and we'll talk to |
| 1:29.0 | Scott. It's a lot of work to find a really good rental property. And when you actually find that |
| 1:33.5 | property, you want to make sure you're working with a lender that can get that loan closed. |
| 1:38.1 | The lender that I recommend is Chaley Ridge from Ridge Lending Group. She's a nationwide lender, and her specialty is helping investors finance rental properties. |
| 1:48.5 | She has a ton of loan programs, and she can find something customized to you for your situation. |
| 1:54.3 | If you want to find out more or you're ready to get started today, just go to Ridge Lendinggroup.com. |
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