Podcast appearances and mentions of frank furman

IN THIS EPISODE, YOU'LL LEARN: 02:19 - What co-living is and how to invest using the strategy.25:11 - What the rent-by-the-room real estate investing strategy is.26:37 - Why offer weekly payments to tenants instead of monthly.28:18 - How this proptech company makes money.37:39 - Handling evictions in a rent-by-the-room strategy.42:24 - Reporting tenant credit scores.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESLearn about house hacking rent-by-the-room.Related Episode: Student Rentals by the Room w/ Ryan Chaw - REI042.Related Episode: A Way to Hedge Inflation? w/ Dan Handford - TIP448.All of Robert's favorite books.NEW TO THE SHOW?Check out our Real Estate 101 Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One. Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.Invest in high quality, cash flowing real estate without all of the hassle with Passive Investing.If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.Enjoy a 400-calorie meal that contains 40g of expertly sourced, premium plant protein, all 26 essential vitamins and minerals, and a scientifically calibrated mix of carbs, good fats and fiber with Huel Black Edition. Plus, get a free t-shirt and free shaker with your first order.Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.Join Steadily and BiggerPockets in recognizing and celebrating landlords nationwide by participating in the #AmericasBestLandlord contest. Find out how you can win $10,000 today.Support our free podcast by supporting our sponsors. Connect with Robert: Website | Instagram | TwitterConnect with Frank: Website | LinkedInSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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            

Today's guest, Frank Furman, is one of the founders of PadSplit. Learn how Frank helps investors double their yield while also increasing their social returns.Timestamps[00:27] Introduction[01:19] Frank talks about his marketplace platform[PadSplit]; what they do and the problems they solve[04:01] The niche that Frank's team serves[04:15] Funds that PadSplit rolls out to support and motivate it's investors[07:02] Frank compares the returns while renting in shared space vs a whole home[07:35] Tidbits on how you can pick the right neighbourhood when purchasing rental assets[11:23] Frank's solution to affordable housing crisis in communities that have a big pool of existing renters[12:44] Risks involved in providing solutions to affordable housing[14:57] Frank shares more on their assets; their strategy when picking places[16:15] Frank's experience when underwriting deals and taking out loansSign Up For Our Free Newsletter where we cover the latest in Stocks & Crypto, Multifamily, and the Nation's Economy: https://perpetualwealthcapital.com/newsletter-signup/Download our free ebook: The Definitive Guide To Building Generational Wealth & Passive Cash Flow Through Multifamily Real Estate InvestingIf you like our content, please give us a rating on the platform you're listening on!Get in touch: Justin@PerpetualWealthCapital.com Let me know what topics you'd like to learn more about.Connect with Frank Furman;Linkedin; https://www.linkedin.com/in/frank-furman-4b70b353/ Website; https://www.padsplit.com/ Email;  frank@pat.com 

Have you ever seen someone do a house hack and be successful at scale? This is what Frank's company does on a daily basis, they do this at scale in other locations than just one market. His company Padsplit started only four and a half years and they are scaling to multiple markets through raising money and having a very lined out process to get renters into the property. This is a great company to check out if you are looking for something more passively or to check out their model to duplicate it.  Check out Frank and his company: https://www.padsplit.com/

Welcome to the Real Estate Ballers Show. In this episode, Vee and Adam are joined by Frank Furman of PadSplit. In this episode, Frank shares his concepts and alternative investment strategies for single family properties with us. Listen to learn how you can use this strategy to grow your own rental portfolio. Frank Furman is the Co-founder and Chief Growth Officer at PadSplit. Prior to PadSplit, he worked as a Category Director at Georgia Pacific and as an Engagement Manager for McKinsey & Company in London and Atlanta. A former infantry officer in the United States Marine Corps, he commanded at the platoon and company levels and served two tours in Afghanistan. He has a B.S in Aeronautical Engineering from the United States Naval Academy and an M.S. in Applied Physics from Johns Hopkins University. He and his wife Caelyn live in Atlanta, and have three children, Rudyard, Byron, and Winniefred.Adam Schneider is the owner of Homewood Realty and CEO of Oakwood Lending. In 2012, Adam left corporate America to start his own real estate venture. Today, he is one of the thought leaders in HomeVestors - America's #1 House Buyer and in his own local real estate community in Raleigh, NC. Vee, the founder of REBallers, is a franchise owner and a Developmental Agent of HomeVestors “We Buy Ugly Houses”.  Today, Vee is actively buying and selling properties in Houston, Austin, San Antonio, and Corpus Christi, TX while growing her rental portfolio of long-term and short-term rentals.Follow us on Social Media:Instagram @reballersFacebook: https://www.facebook.com/REBallersLinkedIn: https://www.linkedin.com/company/reballers/Join our community:https://www.facebook.com/groups/1764098016997548Wanna be on our show? Email info@reballers.comPlease visit our sponsor, which made this episode possible: Buzz Vacation Rentals, a premier short-term and vacation rental manager in Houston and Galveston, helps investors to maximize earnings on their investment properties.  https://buzzvacationrentals.com/If you enjoy the show, would you please leave us a short review on Apple Podcast? It takes less than a minute, and it really makes a difference in helping to spread the words. I also love to read them and share them with our guests!Disclaimer: All information, content, and materials available in these episodes are designed for educational and inspirational purposes only. We are not financial advisers. We only express my opinion based on our experience. Your experience may be different. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments#therealestateballersshow #reballers

Oftentimes people think that affordable housing has to come at the expense of income for owners. Frank Furman is working to create a win-win situation for both. Meet PadSplit, an affordable housing marketplace that connects property owners with pre-screened residents seeking an affordable place to live by leveraging under-utilized space in existing properties. Prior to PadSplit, Frank served in the Marine Corps (serving two tours in Afghanistan), has a B.S. in Aeronautical Engineering from the United States Naval Academy, a M.S. in Applied Physics from Johns Hopkins University, and has worked for Georgia Pacific and MicKinsey & Company. Hear Frank share how he's doing good in the community and helping owners increase NOI by 100% at the same time!FOLLOW FRANK

A phenomenon is rapidly spreading across the U.S. in response to escalating home prices and skyrocketing rents!  In today's podcast, Frank Furman, COO of PadSplit, the country's largest co-living marketplace, shares how Airbnb-type boarding houses are filling the need for affordable workforce housing in America. For complete show notes go to http://olddawgsreinetwork.com/investing-opportunities-co-living/ IF YOU LIKED THIS PODCAST, we would love if you would go to iTunes or Apple Podcasts and Subscribe, Rate & Review our podcast.  This will greatly help in sharing this podcast with others seeking to learn real estate investing.

“You were typically seeing about double the yield. And the way to think about this, to get there, you need to be increasing your gross rents by a fair amount because you do have those added cost, potentially maintenance, but certainly utilities, which are bundled and our fee.”  Shared housing as an investment is a relatively new concept, but one that has already shown promise. Today's guest is Frank Furman, COO and founding team member of PadSplit - a privatized housing company that is focused on providing affordable housing. Listen in to learn exactly what shared housing is and how this emerging market is becoming a lucrative investment model while making a positive social impact. We'll also discuss some of the risks involved in this type of investment and tips for minimizing those risks. Key Takeaway Impact investing is a rapidly growing trend, but it's important to find the right balance between making profitable investments while still adding in the social impact elements to be successful. How to Contact Frank: frank@padsplit.com   Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Video Editing: Sean Barry Audio Editing: WEP (We Edit Podcasts) Special Guests: Frank Furman Learn more about your ad choices. Visit megaphone.fm/adchoices

Frank Furman of Pad Split explains how the rent by the room model has many benefits over traditional rentals, including more cashflow! 

Frank Furman is the CEO of PadSplit. His goal is to disrupt the affordable housing market by offering better solutions to residents and investors. Which led him to develop PadSplit with Jon O'Bryan and Atticus LeBlanc.  PadSplit was founded by Atticus LeBlanc, a housing advocate whose background was in real estate investment and the development of traditional rental properties. While always supportive of public housing and subsidized rent relief programs, Atticus grew frustrated by how slow and inefficient these programs were and how they couldn't help nearly enough people, who simply sought opportunities. When a neighboring home was being foreclosed, two residents asked Atticus if they could move into his then-vacant property. Because they were on a fixed income, they could only afford to rent individual rooms rather than the whole house.  He knew he would need technology to simplify this experience further, and with the founding team of Frank Furman and Jon O'Bryan, PadSplit became a shared housing marketplace that could align incentives across the housing spectrum.   [00:01 - 10:06] Opening Segment Get to know Frank Furman Frank shares his career journey and family life How technology has changed the business landscape Short-term rentals are not a new idea but what's new?   [10:07 - 14:04] Co-Living versus Short Term Rentals  Making co-living affordable and profitable  How capital is chasing single-family rentals The Concept is Simple: Frank tells us about their concept   [14:05 - 26:26] A New Way to Cash Flow Like Short Term Rentals Frank's Model vs Short-Term Rental Model vs Airbnb Model The Difference between traditional models and Airbnbs Regulatory Fronts: We have a different set of enemies Frank and his team's ideal client profile   [26:27 - 38:58] Closing Segment Quick break for our sponsorsGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started. What is the best investment you've ever made other than your education?Oil company Frank's worst investmentA property in California What is the most important lesson that you've learned in business and investing?“Understanding risk and pricing.” Connect with my guest. See the links below.   Tweetable Quotes: “The workloads a little less intense sort of sits in somewhere in the middle between a traditional rental and an Airbnb.” - Frank Furman “You extrapolate poorly sometimes with investments. I can buy X, what if I'm just buying it for less and that's just not how life works, usually.” - Frank Furman “You don't have to overthink a lot of the stuff.  If you kind of get back to the basics and go from first, principles. You find most things really just kind of makes sense.” - Frank Furman ------------ Connect with Frank Furman through frank@padsplit.com, Instagram and Twitter.  Visit their website https://www.padsplit.com/.    Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/ Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.  Join our Passive Investor Club for access to passive commercial real estate investment opportunities. LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes                   

Summary: Welcome back to season 8 of the Propcast! In this first episode, Louisa speaks with Frank Furman, COO at PadSplit and Kevin Shtofman, COO of NavigatorCRE about what the real role of a COO involves. They discuss how the COO is the ‘CEO of Execution' and how they support organisations to scale efficiently. Louisa shares some insights on recruiting for the COO role and how the role can look different in each organisation. You'll learn more about how PadSplit and NavigatorCRE operate in this insightful episode.  Companies Mentioned: PadSplit NavigatorCRE McKinsey Georgia Pacific Common WeWork OfficeApp Building Engines Yardi  MRI Dottid Jojo Learning Shout Outs: Atticus LeBlanc, CEO PadSplit Matt Ellis from Measurabl Resources: Listen to Brad Hargreaves from Common in this episode from Season 7 of The Propcast   Key Insights From This Episode:  Our view is that if you can make affordable housing higher return than market rate there is no affordable housing challenge because you're leveraging the capital and energy and intellect of the private investor, and they are motivated to solve that. - Frank The most consistent problem I got was we've got a bunch of information that we don't use to make decisions because it's spread out all over the place. It's almost like what Frank's company has done with space we are doing with information and data. - Kevin In the most general sense, to me, a COO role is an execution one. - Frank I really think at the end of the day, the job of the COO is to help a company scale efficiently. - Kevin What I found is the most important role of the COO is finding lieutenants. - Kevin The COO hat really is the CEO of execution. - Kevin I think a few trends that we saw in 2021 are absolutely going to continue in 22. You'll see continued consolidation among proptech firms. - Kevin Finding talent as you grow is still so hard. And that's what keeps me up at night. - Kevin   Keywords: Retail, Operations, Startups, Mergers And Acquisitions About Our Guests: Kevin Shtofman https://www.linkedin.com/in/kevinshtofman/ Kevin has spent the last 17 years in the Commercial Real Estate industry, working with clients across four continents. His work at Morgan Stanley, EY, and Deloitte led him to join NavigatorCRE as their chief operating officer just over two years ago.  Kevin has presented on stages in 27 countries, discussing the future of real estate technology and covering topics around Blockchain, Machine Learning, Artificial Intelligence, and Digital Twins. He and his wife Katie live in Dallas with their two daughters, Avery and Lily.  NavigatorCRE is a patented, cloud-based business intelligence platform that serves enterprise owners, operators, investors, and managers across all property types, stages, and geographies…and works on any device, without an app. Over 2 Billion square feet sit on the Navigator platform. Frank Furman https://www.linkedin.com/in/frank-furman-4b70b353/  Frank is the Chief Operating Officer at PadSplit, a co-living startup that is dedicated to solving the affordable housing crisis. Prior to PadSplit, he worked as a Category Director at Georgia Pacific and as an Engagement Manager for McKinsey & Company in London and Atlanta. A former infantry officer in the United States Marine Corps, he commanded at the platoon and company levels and served two tours in Afghanistan. He has a B.S in Aeronautical Engineering from the United States Naval Academy and an M.S. in Applied Physics from Johns Hopkins University. He and his wife Caelyn live in Atlanta, and have two sons, Rudyard and Byron.PadSplit is a privatized housing company focused on providing affordable houses. They have over 1,700 units (within just 3.5 years), including single and multi-family properties. PadSplit also increases yield by more than 100 percent for property owners by using existing housing stock as shared housing. PadSplit was founded in 2017 to leverage housing as a vehicle for financial independence for low-income workers that serve our communities. About Our Host Louisa Dickins https://www.linkedin.com/in/louisa-dickins-ab065392/?originalSubdomain=uk Louisa started her career in property working at a well-known estate agency in London. Realising her people skills, she moved over to Lloyd May to pursue a career in recruitment. She now is a Director at LMRE, who are a specialist recruitment firm driven by PropTech and recruitment professionals, and Louisa oversees their 5 core areas. Louisa co-founded LMRE and provides a constructive recruitment platform to the new disruptors in real estate. Louisa is also on the board of Directors at UK PropTech Association (UKPA). About LMRE www.lmre.tech LMRE believe there is a better way to recruit. LMRE focus on a more comprehensive, client led focus delivering exceptional talent to the place at the time. They are passionate about the industry and passionate about people's careers. LMRE spend time with each client to become and an extension of the business, and their transparency and core values help them grow with the sector. LMRE simplify recruitment and innovate with our clients and evolve the people driven, PropTech community.

Frank Furman joins us to talk about how the Padsplit concept provides affordable housing for students and single people living in cities. Keep listening to learn more about the pros and cons of co-living, its benefits for investors, and some strategies to scale this kind of real estate niche. Key takeaways to listen for  What is Padsplit? Advantages of house hacking The difference between traditional rental market and Padsplit model Co-living process: Conflict resolution management, eviction, and rent collection Most challenging aspects of renting out a co-living space   About Frank Furman Frank Furman is the Co-founder and Chief Growth Officer at PadSplit. Prior to PadSplit, he worked as a Category Director at Georgia Pacific and as an Engagement Manager for McKinsey & Company in London and Atlanta. A former infantry officer in the United States Marine Corps, he commanded at the platoon and company levels and served two tours in Afghanistan.  He has a B.S in Aeronautical Engineering from the United States Naval Academy and an M.S. in Applied Physics from Johns Hopkins University. He and his wife Caelyn live in Atlanta and have three children, Rudyard, Byron, and Winniefred. Connect with Frank  Website: PadSplit Email: frank@padsplit.com LinkedIn: Frank Furman   Connect with Us To learn more about partnering with us, visit our website at https://javierhinojo.com/ and www.allstatescapitalgroup.com, or send an email to admin@allstateseg.com.  Sign up to get our Free Apartment Due Diligence Checklist Template and Multifamily Calculator by visiting https://javierhinojo.com/free-tools/. To join Javier's Mastermind, go to https://javierhinojo.com/mastermind/ and to apply to his BDB Mastermind, see https://javierhinojo.com/mastermind/#apply_form and answer the form. Follow Me on Social Media Facebook: Javier A Hinojo Jr. Facebook Group: Billion Dollar Multifamily and Commercial Real Estate YouTube Channel: Javier Hinojo Instagram: @javierhinojojr TikTok: @javierhinojojr Twitter: @JavierHinojoJr

Frank Furman, of Padsplit, chats about the advantages and disadvantages of home sharing and offering rooms for rent as an investor. He also discusses how to use Padsplit.com as a platform for filling these leasing vacanices.

PadSplit is a privatized housing company focused on providing affordable houses. They have over 1,700 units (within just 3.5 years), including single and multi-family properties. PadSplit also increases yield by more than 100 percent for property owners by using existing housing stock as shared housing. Numbers-wise, PadSplit was founded in 2017 and has raised $14.6M in the capital, and was also named one of the top 10 tech companies in Georgia, as well. PadSplit has also been featured in CoStar, Bloomberg, Fast Company, TechCrunch, and other publications. Frank Furman is the Chief Growth Officer at PadSplit. Prior to PadSplit, he worked as a Category Director at Georgia Pacific and as an Engagement Manager for McKinsey & Company in London and Atlanta. A former infantry officer in the United States Marine Corps, he commanded at the platoon and company levels and served two tours in Afghanistan. He has a B.S in Aeronautical Engineering from the United States Naval Academy and an M.S. in Applied Physics from Johns Hopkins University. For more valuable information click on this link and watch the complete episode: https://youtu.be/n2BGhG5NiNM - “Discover Affordable Housing with Frank Furman & Jay Conner, The Private Money Authority” Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3

PadSplit is a privatized housing company focused on providing affordable houses. They have over 1,700 units (within just 3.5 years), including single and multi-family properties. PadSplit also increases yield by more than 100 percent for property owners by using existing housing stock as shared housing. Numbers-wise, PadSplit was founded in 2017 and has raised $14.6M in the capital, and was also named one of the top 10 tech companies in Georgia, as well. PadSplit has also been featured in CoStar, Bloomberg, Fast Company, TechCrunch, and other publications. Frank Furman is the Chief Growth Officer at PadSplit. Prior to PadSplit, he worked as a Category Director at Georgia Pacific and as an Engagement Manager for McKinsey & Company in London and Atlanta. A former infantry officer in the United States Marine Corps, he commanded at the platoon and company levels and served two tours in Afghanistan. He has a B.S in Aeronautical Engineering from the United States Naval Academy and an M.S. in Applied Physics from Johns Hopkins University. For more valuable information click on this link and watch the complete episode: https://youtu.be/n2BGhG5NiNM - “Discover Affordable Housing with Frank Furman & Jay Conner, The Private Money Authority” Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3

Let’s talk about numbers. In this short video, Frank Furman will give an example to further explain the difference between the traditional rental market and the PadSplit model. Frank Furman is the Chief Growth Officer at PadSplit. Prior to PadSplit, he worked as a Category Director at Georgia Pacific and as an Engagement Manager for McKinsey & Company in London and Atlanta. A former infantry officer in the United States Marine Corps, he commanded at the platoon and company levels and served two tours in Afghanistan. He has a B.S in Aeronautical Engineering from the United States Naval Academy and an M.S. in Applied Physics from Johns Hopkins University. PadSplit - a privatized housing company focused on providing affordable houses. They have over 1,700 units (within just 3.5 years), including single and multi-family properties. PadSplit also increases yield by more than 100 percent for property owners by using existing housing stock as shared housing. Numbers-wise, PadSplit was founded in 2017 and has raised $14.6M in the capital, and was also named one of the top 10 tech companies in Georgia, as well. PadSplit has also been featured in CoStar, Bloomberg, Fast Company, TechCrunch, and other publications. For more valuable information click on this link and watch the complete episode: https://youtu.be/n2BGhG5NiNM - “Discover Affordable Housing with Frank Furman & Jay Conner, The Private Money Authority” Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3

Are you an investor? Find out how to invest at PadSplit. PadSplit is a privatized housing company focused on providing affordable houses. They have over 1,700 units (within just 3.5 years), including single and multi-family properties. PadSplit also increases yield by more than 100 percent for property owners by using existing housing stock as shared housing. Numbers-wise, PadSplit was founded in 2017 and has raised $14.6M in the capital, and was also named one of the top 10 tech companies in Georgia, as well. PadSplit has also been featured in CoStar, Bloomberg, Fast Company, TechCrunch, and other publications. Frank Furman is the Chief Growth Officer at PadSplit. Prior to PadSplit, he worked as a Category Director at Georgia Pacific and as an Engagement Manager for McKinsey & Company in London and Atlanta. A former infantry officer in the United States Marine Corps, he commanded at the platoon and company levels and served two tours in Afghanistan. He has a B.S in Aeronautical Engineering from the United States Naval Academy and an M.S. in Applied Physics from Johns Hopkins University. For more valuable information click on this link and watch the complete episode: https://youtu.be/n2BGhG5NiNM - “Discover Affordable Housing with Frank Furman & Jay Conner, The Private Money Authority” Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3

Frank Furman is the Chief Growth Officer at PadSplit. Prior to PadSplit, he worked as a Category Director at Georgia Pacific and as an Engagement Manager for McKinsey & Company in London and Atlanta. A former infantry officer in the United States Marine Corps, he commanded at the platoon and company levels and served two tours in Afghanistan. He has a B.S in Aeronautical Engineering from the United States Naval Academy and an M.S. in Applied Physics from Johns Hopkins University. PadSplit - a privatized housing company focused on providing affordable houses. They have over 1,700 units (within just 3.5 years), including single and multi-family properties. PadSplit also increases yield by more than 100 percent for property owners by using existing housing stock as shared housing. Numbers-wise, PadSplit was founded in 2017 and has raised $14.6M in the capital, and was also named one of the top 10 tech companies in Georgia, as well. PadSplit has also been featured in CoStar, Bloomberg, Fast Company, TechCrunch, and other publications. For more valuable information click on this link and watch the complete episode: https://youtu.be/n2BGhG5NiNM - “Discover Affordable Housing with Frank Furman & Jay Conner, The Private Money Authority” Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3

If you're wondering if co-living is a great investment choice for you as an investor, you don't want to miss this episode!  Frank Furman is here with us to explain how co-living has become a popular alternative to traditional housing and how this asset class can provide financial stability to investors.Key Takeaways To Listen ForHow room-sharing transforms the American housing marketIs there a process in matching roommates and resolving conflicts?Suitable markets and areas for co-living modelHow should property managers communicate with investors?What made co-living a good idea for investmentCo-living process for eviction and rent collectionResources Mentioned In This EpisodeFree Apartment Syndication Due Diligence Checklist for Passive InvestorAbout Frank FurmanFrank Furman is the Co-founder and Chief Growth Officer at PadSplit. Prior to PadSplit, he worked as a Category Director at Georgia Pacific and as an Engagement Manager for McKinsey & Company in London and Atlanta. A former infantry officer in the United States Marine Corps, he commanded at the platoon and company levels and served two tours in Afghanistan. He has a B.S in Aeronautical Engineering from the United States Naval Academy and an M.S. in Applied Physics from Johns Hopkins University. He and his wife Caelyn live in Atlanta and have three children, Rudyard, Byron, and Winniefred.Connect with FrankWebsite: PadsplitEmail: frank@padsplit.comTo Connect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams

Our guest today, Frank Furman, is the Chief Operating Officer at PadSplit, a co-living startup dedicated to solving the affordable housing crisis. Frank is disrupting the affordable housing industry by creating safe, attractive, and respectable co-living environments. A former infantry officer in the United States Marine Corps, he commanded at the platoon and company levels and served two tours in Afghanistan. Today, Frank and I discuss how the idea of PadSplit was brought to fruition, along with how it is revamping our current perspectives, and possibly some misconceptions, on co-living. Listen in! Connect with Frank at: Website: padsplit.com Email: Frank@padsplit.com Phone Number: 404-621-9419 Linkedin:https://www.linkedin.com/in/frank-furman-4b70b353/ Frank's Book Recommendations: Junkyard Planet by: Adam Minter Frank's Prayer Request: For his fellow military members. Connect with Lee: Website: THREEFOLD - Real Estate Investing (threefoldrei.com), Email: info@threefoldrei.com, Facebook: Threefold Real Estate Investing | Facebook, LinkedIn: Lee Yoder | LinkedIn Check out our Free E-book! https://threefoldrei.ac-page.com/5-steps-to-passive-income-for-the-full-time-dad

Frank Furman is the Chief Growth Officer at PadSplit. Prior to PadSplit, he worked as a Category Director at Georgia Pacific and as an Engagement Manager for McKinsey & Company in London and Atlanta. A former infantry officer in the United States Marine Corps, he commanded at the platoon and company levels and served two tours in Afghanistan. He has a B.S in Aeronautical Engineering from the United States Naval Academy and an M.S. in Applied Physics from Johns Hopkins University. He and his wife Caelyn live in Atlanta and have three children, Rudyard, Byron, and Winnie. PadSplit - a privatized housing company focused on providing affordable houses. They have over 1,700 units (within just 3.5 years), including single and multi-family properties. PadSplit also increases yield by more than 100 percent for property owners by using existing housing stock as shared housing. Numbers-wise, PadSplit was founded in 2017 and has raised $14.6M in the capital, and was also named one of the top 10 tech companies in Georgia, as well. PadSplit has also been featured in CoStar, Bloomberg, Fast Company, TechCrunch, and other publications. Timestamps: 0:01 - Get Ready To Be Plugged Into The Money 1:14 - Jay’s New Book: “Where To Get The Money Now”- https://www.JayConner.com/Book 2:28 - Today’s guest: Frank Furman 4:45 - Frank Furman talks about his company PadSplit 6:54 - How does sharing space with other people work? 8:00 - How is this similar to student housing? 9:33 - What problem does the PadSplit company fix? 14:12 - In terms of numbers, what is the difference in profit between the traditional rental market and the PadSplit model? 18:30 - How to invest in PadSplit - https://www.PadSplit.com 22:29 - PadSplit goals and future plans for growth. 26:15 - How do you handle non-paying renters? 27:47 - How can you market PadSplit in secluded areas? 29:42 - Connect with Frank Furman - https://www.PadSplit.com Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3 p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica}

Today, my guest is Frank Furman. Frank is the co founder and chief growth officer at Pad Split, a real estate technology company headquartered in Atlanta, Georgia. Landlords list their properties on pad splits marketplace and are connected with workforce renters. In a shared housing room rental model. Landlords earn 120 229%, higher net operating income on average, versus traditional single family rental model, while working members of our community have a more affordable place to live.

PadSplit aims to change the way we look at affordable housing. In this episode, Adam Torres and Frank Furman, Co Founder and Chief Growth Officer at PadSplit, explore PadSplit's model and growth to over 1,700 units.   Follow Adam on Instagram at https://www.instagram.com/askadamtorres/ for up to date information on book releases and tour schedule.Apply to be interviewed by Adam on our podcast:https://missionmatters.lpages.co/podcastguest/Visit our website:https://missionmatters.com/

J. Darrin Gross Frank Furman. What is the biggest risk?   Frank Furman  Yeah, I feel like I've been talking about risk the whole time. Maybe I shouldn't put on a sunnier face to start. But yeah, it's a great question. It's, it's funny ask because I oftentimes get asked about insurance, that tends to be a smaller challenge for passport houses, because ultimately, it's a rental property, the big risks and insurance that, you know, your kind of homeowner's policy or, you know, kind of landlord policy would cover are the same, you know, risk of a tornado is the same risk of tornado, you know, we, we can be blamed for many things, but typically not for controlling weather. So, you know, that tends to be relatively straightforward. To me, the biggest risk to our business kind of gets to your point, certainly about zoning, but it's, I'd say less is a distinct zoning question and more. But certainly one around like kind of government involvement and prohibition. I mean, it's it's, I guess, you could broadly call it the the NIMBY movement, being weaponized and certainly you've seen it with, with other startups, certainly in the space and an Airbnb is a great example, where, you know, Airbnb, their core offering of letting people rent out their properties was essentially legal everywhere in the United States 10 years ago, you know, there there may be some small exceptions and you know, we can have the debate about you know, whether or not they should have been paying hotel tax in this map, but generally, it was just kind of off the books. No one even thought it was that strange If in 2005, you said, Hey, I'm going to run out, you know, I'm going to leave my house for a week, and I'm going to have someone pay me for the, you know, to live there for a week, no one would say do you would have no issue at all. Now, obviously, they, you know, they grew, they got a ton of coverage. And, you know, they're they're issues that people use party houses and you know, a bunch of guys come into a residential neighborhood to go to a, you know, for a big football game, and they are throwing a kegger and neighbors are mad. You know, I get it. I also live in a quiet neighborhood. I have kids, you know, I like I, we all have a little bit of the the nimbyism in us, right, especially on, you know, work nights and that kind of thing. So, so I get it. They also, of course, have a very powerful competitor and kind of hotel companies and so on let's consolidate and well resorts. So there's, there's a little bit of that, too. So, you know, fast forward to 2021, and many municipalities have either straight prohibitions that are new, you know, they've been legislated into existence, or pretty onerous requirements on Airbnb, and in some cases aren't actually been easy for them to answer, right. Because one of the unfortunate things about our kind of the way the politicians think about these things is like, they think Airbnb is operating all these units when clearly they're not, you know, they're, it's a marketplace house or operating a unit. So Airbnb doesn't know what's going on, or doesn't check the maintenance or, you know, whatever. That would be almost impossible for them to do. So. Okay, fine. But they've, they've obviously faced a lot of headwinds, but they were able to get big enough and secure enough that they could kind of attack them head on for us. You know, I anticipate some of the same sort of challenges. We, you know, we're in the workforce housing business. And, you know, everyone loves workforce housing, except in their street, you know, except in their neighborhood, except in their town, you know, they want they want it to be somewhere, you know, they want to get their Starbucks coffee at the you know, for cheap, but, you know, they don't they don't want to house the barista, so, okay, fine, we're gonna face some of the same headwinds, but can we get to a size and scale quickly enough, fast enough, become accepted enough to where you're, you know, not necessarily too big to fail, but where you can face those challenges head on, and where the, you know, the disruption of blocking things as at least as much as, you know, the disruption that you're causing, because, you know, real estate and renting, you know, that's it's not always an easy business, you know, we have challenges, you know, as I like to say, our, our residents are cut from the crooked timber, that is humanity, you know, and they, they sometimes fall short of what they'd like to do, you know, predominant good people, but sometimes they can only Park like jerks, you know, sometimes they, you know, cause trouble. You know, that's, that's just the reality of it. When you have a couple 1000 these people, it's inevitable. So can we get big enough, fast enough and really create enough value in the marketplace that, look, the hadn't there, headwinds are coming. You know, that's, that's inevitable, but we can face them with kind of a worthy challenge. And when communities say, Hey, you know, we don't actually like workforce housing in this town, we'd say, Okay, well, we're already here. So, you know, what's next? Do we need to tell you where they are? Do we need to, you know, this or that? How do we conform and meet it? But have it not be such an onerous? You know, have it have to have the scale to where we can meet it?

On this episode, we're talking co-living, the housing crisis, and affordable housing with Chief Operating Officer at PadSplit, Frank Furman!Watch at YouTube.MatthewMa.com!Frank Furman is the Chief Operating Officer at PadSplit, a co-living startup dedicated to solving the affordable housing crisis. Frank is disrupting the affordable housing industry by creating safe, attractive, and respectable co-living environments. A former infantry officer in the United States Marine Corps, he commanded at the platoon and company levels and served two tours in Afghanistan. Reach out to Frank Furman at frank@padsplit.com!Connect:Facebook: https://www.facebook.com/frank.furman.9LinkedIn: https://www.linkedin.com/in/frank-furman-4b70b353Website: https://www.padsplit.com/Leave a review on iTunes and let me know what you think !Host: Matthew MaMatthew Ma is an Investor, Syndicator, Founder, Coach, and Podcast Host. He's a Broker Associate with eXp Realty and strives to help agents grow their business with proven, effective methods learned from experience. Through his podcast, The Truth About Real Estate, and Avant University, he educates buyers, sellers, investors, and real estate agents on the current state of the market, how to use innovations in technology, sales, and marketing to build a scalable business. As an investor and syndicator with Avant Asset Management, he's dedicated to client success by building wealth through investments in apartment building syndications. Reach out to Matthew Ma at Matt@MatthewMa.com.

On this episode, we're talking co-living, the housing crisis, and affordable housing with Chief Operating Officer at PadSplit, Frank Furman!Watch at YouTube.MatthewMa.com!Frank Furman is the Chief Operating Officer at PadSplit, a co-living startup dedicated to solving the affordable housing crisis. Frank is disrupting the affordable housing industry by creating safe, attractive, and respectable co-living environments. A former infantry officer in the United States Marine Corps, he commanded at the platoon and company levels and served two tours in Afghanistan. Reach out to Frank Furman at frank@padsplit.com!Connect:Facebook: https://www.facebook.com/frank.furman.9LinkedIn: https://www.linkedin.com/in/frank-furman-4b70b353Website: https://www.padsplit.com/Leave a review on iTunes and let me know what you think !Host: Matthew MaMatthew Ma is an Investor, Syndicator, Founder, Coach, and Podcast Host. He's a Broker Associate with eXp Realty and strives to help agents grow their business with proven, effective methods learned from experience. Through his podcast, The Truth About Real Estate, and Avant University, he educates buyers, sellers, investors, and real estate agents on the current state of the market, how to use innovations in technology, sales, and marketing to build a scalable business. As an investor and syndicator with Avant Asset Management, he's dedicated to client success by building wealth through investments in apartment building syndications. Reach out to Matthew Ma at Matt@MatthewMa.com.

Host/CEO James Prendamano sits down with Frank Furman, COO of Padsplit. PadSplit is a housing marketplace that connects property owners with pre-screened residents seeking an affordable place to live. They help real estate investors leverage under-utilized space in their existing properties to make it more profitable for them and more affordable for community members. Tune in to learn more about this innovative platform.

On this episode of the Deal Farm, We talk with Frank Furman about his best real estate deal ever! Tune in to hear his story!

Frank Furman is the co-founder of padsplit, dedicated to workforce co-living. It's a model that puts together properties and working people looking for a more affordable housing option. Based in Atlanta Georgia, padsplit is active across the entire Atlanta metro. Residents pay a weekly rate by the bedroom with a one month minimum, with full access to common amenities. On today's show we talk about the challenges of managing this non-traditional model from both an investor and a resident perspective. To learn more, visit padsplit.com

Especially in today's climate of eviction moratorium, at least from an underwriting point of view, you want to raise the barriers to entry. But that's the opposite of good for low income renters. In this episode, I interview Frank Furman, Chief Operating Officer at PadSplit, about the challenges surrounding underwriting low income housing.