S4 EP 235: Shared Housing as a Profitable Way to Make Money with Frank Furman

“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