The Landlord Diaries Episode 117 Recap: Adding Two Monthly Rentals Per Quarter - How Coty Mastered the Art of Growth

Are you ready to take your real estate investment game to the next level? In Episode 117 of The Landlord Diaries podcast, hosts Katie Lyon and Kelly Bailey sit down with Coty LeBlanc, a highly successful real estate investor in New Hampshire, to discuss his journey into monthly rentals (sometimes referred to as mid-term rentals) and how he has mastered the art of growth, adding two new properties to his portfolio each quarter. If you're looking to grow your monthly rental portfolio, leverage rental arbitrage, and maximize your profits, this episode is packed with insights you won’t want to miss.

Introduction to Monthly Rentals

So, what exactly are monthly rentals? These rentals typically range from 30 days to 12 months and cater to professionals on temporary assignments, such as healthcare workers, construction professionals, and business travelers. Monthly rentals provide a lucrative alternative to traditional long-term leases or short-term vacation rentals. Coty LeBlanc has tapped into this growing market in New Hampshire, a region conveniently located near major hubs like Boston and offering access to a variety of outdoor attractions and urban amenities.

In this recap, we’ll break down Coty’s strategies for scaling his monthly rental business, using platforms like Furnished Finder, and employing the rental arbitrage model to maximize income while minimizing upfront costs.

Benefits of Monthly Rentals

Why monthly rentals? One of the key advantages is the steady stream of tenants seeking temporary housing. Professionals on the move—like traveling nurses, contractors, and consultants—need safe, comfortable, and well-located properties for extended periods. As Coty explains, monthly rentals have several benefits, including:

Higher occupancy rates compared to short-term rentals.
Less turnover and a more stable income stream.
Higher rental rates than traditional long-term leases.

For Coty, these advantages have helped him maintain high occupancy rates and consistent monthly cash flow. Thanks to Furnished Finder, he’s able to connect directly with his ideal tenants—those looking for properties that are ready to move into and live comfortably during their assignments.

The Power of Rental Arbitrage

One of the major reasons Coty’s business has been able to grow rapidly is his use of rental arbitrage. For those unfamiliar, rental arbitrage is a strategy where an investor leases a property from a landlord, furnishes it, and then rents it out as a monthly rental. This model allows investors to control and manage properties without the need for significant capital upfront, making it an attractive option for those looking to expand their portfolios quickly.

Coty’s success with rental arbitrage is rooted in building strong relationships with property owners. By presenting monthly rentals as a win-win opportunity for both the landlord and the tenant, Coty has been able to convince landlords to lease their properties to him, often with favorable terms. This has allowed him to scale his business, adding two new monthly rentals to his portfolio each quarter.

Communication is Key to Success

Effective tenant communication is another crucial element of Coty’s monthly rental strategy. Coty emphasizes the importance of staying in touch with guests throughout their stay, ensuring they have everything they need for a smooth experience. From the initial inquiry to the post-stay review, maintaining clear and open communication helps prevent issues, ensures a positive tenant experience, and leads to stellar reviews on platforms like Furnished Finder.

How Furnished Finder Powers Coty’s Success

Coty credits Furnished Finder as a critical tool in his monthly rental success. With 80% of his bookings coming through the platform, Furnished Finder has proven to be indispensable for maintaining high occupancy rates. The platform provides a robust suite of tools, including detailed analytics, which help Coty track booking trends, optimize pricing, and stay competitive in the growing monthly rental market.

For real estate investors interested in expanding into the monthly rental space, Furnished Finder is an essential resource for both marketing properties and managing tenant relationships. Learn more about how Furnished Finder can help you optimize your listings here.

Conclusion: How to Grow Your Monthly Rental Business

Monthly rentals offer real estate investors a unique opportunity to generate consistent cash flow, with higher occupancy rates, lower turnover, and competitive rental rates. By employing strategies like rental arbitrage, fostering strong communication with tenants, and leveraging tools like Furnished Finder, you can effectively grow your monthly rental portfolio, just like Coty LeBlanc.

If you’re looking to dive into monthly rentals, remember to:

Research your market and identify areas with high demand from traveling professionals.
Consider rental arbitrage as a way to scale your business without large upfront investments.
Use Furnished Finder to attract the right tenants and optimize your rental listings for maximum occupancy.

Coty’s story is a powerful example of how monthly rentals can transform your real estate investment strategy, helping you grow your portfolio steadily and profitably.

Want to learn more? Listen to the full episode of The Landlord Diaries here for more tips and insights on mastering the art of growth with monthly rentals.

Helpful Links

For more tips and advice on monthly rentals and other real estate investment strategies, visit the Landlord Diaries podcast and expand your knowledge.