The Hidden Real Estate Play That Beats Both Long-Term AND Short-Term Rentals
Ken McElroy Show
Ken McElroy
4.7 • 712 Ratings
🗓️ 12 March 2026
⏱️ 49 minutes
🧾️ Download transcript
Summary
Ken and Danille McErloy sit down with Atticus LeBlanc, founder of PadSplit, to unpack the co-living model that's doubling rental income for investors while creating housing options for the one-third of renters traditional landlords leave behind. If you're struggling to make deals pencil out in today's market, this is the strategy that changes the math entirely.
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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: https://mccompanies.com
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Transcript
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| 0:00.0 | Pad Split is a paid sponsor of our show. Today on the show, we have Atticus from PadSplit. |
| 0:05.6 | And PadSplit, for those of you that don't know, is when you can rent places by the room |
| 0:10.0 | for a week versus during a traditional single family long-term rental. Yeah, what was really |
| 0:15.3 | interesting is that most people stay nine months. Yeah. So they rent by the week, but they stay nine months. So he's |
| 0:21.5 | definitely hitting a niche from an affordability standpoint. This is one that you're going to want to |
| 0:25.9 | listen to. So, Atticus, let's start at the beginning. What were you trying to accomplish when you |
| 0:30.4 | started Pad Split? Really from the very beginning, I wrote an application on scalable ways to |
| 0:35.9 | address and solve the affordable housing shortage. |
| 0:38.3 | And that was the express purpose of the company. |
| 0:40.3 | It's still baked into our mission today, which is to help solve the affordable housing shortage, |
| 0:45.3 | one room in a time while leveraging housing as a vehicle financial empowerment. |
| 0:49.3 | And yeah, I mean, I was at a point in my career where I had created a successful business and was a far cry from where I was in the early days just scraping and clawing my way and was not as concerned about just the income that we had from the rental properties that I had accumulated were covering our cost of living and I had poor kids. |
| 1:08.4 | I wasn't worried about paying for them for college. |
| 1:18.1 | And it got to a point where I was like, well, what's next for me in my life and what's the legacy I want to leave and what happens if I get hit by bus tomorrow? |
| 1:23.5 | And ultimately what that brought me to was, look, I think I have a real possibility here of creating |
| 1:32.1 | significant social impacts around the country and potentially around the world. |
| 1:36.8 | And this solution I could see absolutely scaling. |
| 1:40.1 | So, you know, what's interesting about the U.S. and people don't realize this is we're one |
| 1:44.1 | of the only countries where, you know, we don interesting about the U.S. and people don't realize this is we're one of the |
| 1:44.3 | only countries where, you know, we don't share family housing. Like our parents don't live with us |
| 1:49.8 | and then our grandparents don't live with us. Like we all have an individual house and an individual |
| 1:54.4 | room. And that's really uncommon. And I think what Padsplits doing is taking the family element |
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