Ken McElroy Show

The Hidden Real Estate Play That Beats Both Long-Term AND Short-Term Rentals

10 snips
Mar 12, 2026
Atticus LeBlanc, founder of PadSplit and co-living entrepreneur expanding affordable rent-by-the-room housing. He explains how shared housing doubles rental income, removes renter barriers with weekly payments, and boosts collections. Conversations cover operational playbooks, ideal property types, handling community concerns, and how this marketplace model scales both profits and access.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Shared Housing As A Scalable Social Impact

  • PadSplit's mission frames shared housing as a scalable solution to the affordable housing shortage, treating rooms as units of social impact and income.
  • Atticus LeBlanc built the model to scale operations and leave a legacy while making housing more accessible and profitable.
ADVICE

Remove Move-In Barriers To Boost Access

  • Remove traditional barriers like large deposits, first-month rules, and separate utilities to increase access and enable profitability.
  • Atticus tested which assumptions (deposits, billing cadence, utilities) actually impact affordability and redesigned them into an all-inclusive, lower-entry model.
INSIGHT

Platform Value Is Rapid Filling And Collections

  • PadSplit focuses on three core marketplace services: rapid listing fill, simplified fast applications, and collections for many small payments.
  • They spend heavily on marketing and built tooling to list-to-first-booking in under seven days on average.
Get the Snipd Podcast app to discover more snips from this episode
Get the app