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

Text the hosts with questions or comments.

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.