))
PadSplit Affordable Housing Update Frank Furman
Manage episode 341739921 series 2631555
Contenu fourni par Athena Paquette Cormier. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par Athena Paquette Cormier ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.
PadSplit is an affordable housing model, where individuals rent a room in a house while the other rooms are rented by unrelated people.
We met with Frank Furman of Padsplit almost 3 years ago! I couldn’t believe it when I looked it up. October 2019.
Here is that interview where he explains how they started, the nuts and bolts of how it works, the downside to strangers living together, and if it is profitable.
For those of you who missed that call: PadSplit is an affordable housing model, where individuals rent a room in a house while the other rooms are rented by unrelated people. Mostly single people, mostly who are new to town, in transition waiting for housing, or on a short job stay/assignment. Some need to build or rebuild credit in order to become viable long-term renters, but usually NOT students. Everything is automated and run through PadSplit.
At the time they had 300 units under management in the Atlanta area. At the time, I asked about Indy, CA, etc they were just starting to work on Houston.
Frank now joins us to tell us what has developed 2.75 years later.
They now have 4,600 units on their platform.
They are now in the following cities and markets:
Houston, Dallas, Tampa, Orlando, Jacksonville, New Orleans, Richmond, Indianapolis, and Las Vegas (before they were just in Atlanta)
...LA we're not quite there yet. Hopefully in the next year
...anyway, lots more to share and plenty of new ways for investors to take part.
To learn more go to https://www.padsplit.com/
#affordablehousing #investmentproperty #frankfuram #athenapaquette
74 episodes
Partager
