Why Renting by the Room Is the Future of Real Estate | Ep 123 w/ Atticus LeBlanc

Feb 18, 2025

Atticus LeBlanc, Founder and CEO of PadSplit, shares his insights on transforming real estate with co-living solutions. He discusses how renting by the room can address affordability while fostering community support. Atticus recounts his shift from aspiring attorney to innovative entrepreneur during a financial crisis. The conversation reveals challenges in tenant management and highlights the benefits of efficient space utilization, preparing investors to navigate current economic shifts. It's an inspiring exploration of modern housing solutions and the future of real estate.

01:52:56

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ANECDOTE

Atticus's Real Estate Origins

Atticus LeBlanc initially planned to be a lawyer, following in his mother's footsteps.
However, a real estate role-playing game in college sparked his interest in real estate investment.

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INSIGHT

PadSplit's Origin

The PadSplit concept originated when Atticus rented rooms in a poorly maintained house to two men on fixed incomes.
He realized that this model was more profitable than traditional renting due to higher cash flow, lower turnover costs, and minimal vacancy.

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ADVICE

PadSplit Management Services

PadSplit helps landlords fill rooms quickly through a lead generation engine and touchless move-ins.
It also handles payment collection and provides 24/7 customer service to address tenant issues.

Get the Snipd Podcast app to discover more snips from this episode

Exploring the Future of Room Rentals in Real Estate

01:43 • 3min

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From Nostalgia to Innovation: The PadSplit Journey

04:40 • 14min

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Navigating Rental Challenges and Streamlining Real Estate Deals

18:29 • 5min

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Innovations in Co-Living Space Management

23:17 • 23min

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The Strategic Advantage of Renting by the Room in Real Estate

46:30 • 1min

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Revolutionizing Real Estate: Renting by the Room

47:59 • 26min

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Innovative Real Estate Strategies for Future Financing

01:13:39 • 20min

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Real Estate Expansion and Personal Growth

01:34:02 • 4min

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Navigating Entrepreneurship and Personal Growth

01:38:23 • 8min

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Breath and Business: Diving Deep

01:46:13 • 7min

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20 Cashflow Strategies at Work in 2025

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📖 BOOKS MENTIONED IN THIS EPISODE

• To Kill a Mockingbird by Harper Lee
• Don Quixote by Miguel de Cervantes
• Atomic Habits by James Clear
• The Hard Thing About Hard Things by Ben Horowitz
• Cashflow’s Not Dead by Brandon Turner

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🎥 DESCRIPTION

What if you could double your rental income without raising rents or buying more properties? Atticus LeBlanc, founder of PadSplit, joins us to reveal how co-living and room rentals are revolutionizing real estate investing. Whether you're a landlord looking for higher cash flow or an investor searching for affordable housing solutions, this episode is packed with game-changing insights!

In this episode, we also talk about:
• How renting by the room outperforms traditional rentals
• Why affordable housing is a massive untapped market
• The legal challenges of co-living (and how to navigate them)
• How investors are turning Airbnbs into high-cash-flow PadSplits
• The real numbers behind PadSplit profits
• Who actually lives in these co-living spaces
• and SO much more!

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