Discover Affordable Housing with Frank Furman & Jay Conner, The Private Money Authority

Jay Conner

Oct 11 2021

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

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