The Landlord Diaries What Should I Do With My 4-5 Bedroom Investment Properties In Today's Market? FF114
Welcome to The Landlord Diaries! In this episode, we dive deep into the profitable niche of mid-term rental insurance with real estate expert Ruben Kanya. With over a decade of experience and a portfolio controlling over 30 homes, Ruben reveals how he rents homes to families displaced by disasters at 4x the long-term market rate. From building a real estate portfolio to navigating insurance housing, Ruben shares game-changing strategies to optimize for mid-term rentals in today’s tight housing market.
Learn how Ruben’s buy box strategy helps him secure 4-5 bedroom homes, perfect for displaced families, and how data-driven decisions in mid-term rentals can significantly boost your ROI. Ruben’s “napkin math” example shows a displaced family in his area of Atlanta, GA, would likely have $86,000 available for housing which breaks down to $7,166/month for 12 months. (Catch this part of the conversation at 45 minutes.)
If you’re a real estate investor looking to maximize your rental income & leverage insurance contracts, tune in now!
In this episode we cover:
0:00 Intro- Welcome to The Landlord Diaries
3:50 The exciting mid-term rental insurance space
7:45 Hosting someone through disaster
9:10 Ruben’s real estate buy box or deal criteria
10:50 Don’t be a penny wise & a dollar foolish with tenant requests
11:55 There are SO MANY ways you can take an MTR
13:30 Insurance housing is more prevalent than you might think
15:45 The Invested Escapes Portfolio & Mastermind Training Program
17:30 Embracing market shortages with 4-5 bedroom homes
18:15 Imagine hotel life for a family of 5 with 2 dogs…
19:45 Half of the Furnished Finder supply is studios or 1 bedrooms
20:30 Data is all relative, do the math & see the value of MTR
22:35 Katie’s jump from 10-14 properties in months
24:25 Ruben's insurance corporate housing blueprint
29:05 Relocation specialists swipe quickly through Furnished Finder
30:35 STR/Airbnb hosts optimize for experience, MTR hosts optimize for functionality
32:25 MTR is an art, not a science. Brag about your functional amenities.
33:45 Optimize for MTR: 30 day notice to vacate & fill gaps w/ STR
37:25 When the STR/MTR hybrid strategy fails
38:35 National Gross Housing Margin: The calculated formula insurance companies use
39:45 Know Insurance Terms For Gross Profit Calculation: Coverage A & Coverage D
42:20 How to research 4-5 bedroom supply in your market
45:15 Ruben’s Insurance Napkin Math Example
- Purchase Price: $480k
- Atlanta Land Value- 10% on average
- Dwelling Value- $432k
- Loss of Use Value- $86k
51:05 B2B Contract Advice w/ relocation companies & arbitrage/partnership opportunites
55:00 Connect directly on Furnished Finder w/ no booking fees, no commissions, save thousands
Website Links:
https://www.furnishedfinder.com/
https://www.furnishedfinder.com/members/profile?u=Ruben.Kanya
Social: Ruben Kanya @therealestateexperiment
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.