Could you be sitting on a hidden income stream? In this episode of Landlord Diaries, The Monthly Rentals Podcast, we sit down with Denver-based real estate investor and landlord Andre Galaviz, who shares how he turned his basement into a midterm rental bringing in over $2,500 in monthly profit without buying a new property.
With rising interest rates and housing affordability tightening, Andre’s story is a must-hear for anyone looking to house hack, maximize a current mortgage, or start cash flowing without acquiring a second home. Tune in to hear how he converted his single-family home into a functional duplex, financed the remodel with a HELOC, and leveraged Furnished Finder to attract high-quality tenants all while living upstairs with his family.
Andre breaks down:
List Your Property Now on Furnished Finder:
https://www.furnishedfinder.com/list-your-property
(Use code LLD10 for $10 off new listings)
🕒 TIMESTAMPS:
0:00 Welcome to The Landlord Diaries
2:25 Why house hacking is a game-changing strategy
3:00 Turning a single-family home into two income-producing units
3:55 Tax and appreciation benefits of living in your investment
4:45 Why Andre converted instead of purchasing a new property
5:45 Leveraging low interest rates with creative rental strategies
7:50 Using house hacking to scale your portfolio
9:15 How to plan your layout when house hacking with a family
12:20 Using a HELOC to finance a basement remodel
14:00 Marketing different unit sizes effectively on Furnished Finder
16:20 How mid-term income shifted Andre’s long-term family goals
17:35 Why monthly midterm rentals pair perfectly with house hacking
20:00 Common tenant types: relocations, remodelers, and digital nomads
21:00 Andre’s favorite Furnished Finder tools for new landlords
23:00 How rent payments work through Furnished Finder
23:50 Encouragement for those with untapped income potential
26:10 Midterm monthly rentals as the ideal entry point for new landlords
27:20 The first step Andre recommends to get started
28:45 Rapid Fire: Favorite tools, co-living surprises, and more
Guest’s Listings on Furnished Finder:
https://www.furnishedfinder.com/members/profile?u=Andre.Galaviz
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.
