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b"Frank Furman is the COO 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.\\xa0 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\\u2019t 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.\\xa0 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.\\n\\xa0\\n[00:01 - 10:06] Opening Segment\\nGet to know Frank Furman\\nFrank shares his career journey and family life\\nHow technology has changed the business landscape\\nShort-term rentals are not a new idea but what\\u2019s new?\\n\\xa0\\n[10:07 - 14:04] Co-Living versus Short Term Rentals\\xa0\\nMaking co-living affordable and profitable\\xa0\\nHow capital is chasing single-family rentals\\nThe Concept is Simple: Frank tells us about their concept\\n\\xa0\\n[14:05 - 26:26] A New Way to Cash Flow Like Short Term Rentals\\nFrank\\u2019s Model vs Short-Term Rental Model vs Airbnb Model\\nThe Difference between traditional models and Airbnbs\\nRegulatory Fronts: We have a different set of enemies\\nFrank and his team\\u2019s ideal client profile\\n\\xa0\\n[26:27 - 38:58] Closing Segment\\nQuick break for our sponsors\\nGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.\\n\\nWhat is the best investment you've ever made other than your education?\\nOil company\\n\\nFrank\\u2019s worst investment\\nA property in California\\n\\nWhat is the most important lesson that you've learned in business and investing?\\n\\u201cUnderstanding risk and pricing.\\u201d\\n\\nConnect with my guest. See the links below.\\n\\xa0\\nTweetable Quotes:\\n\\u201cThe workloads a little less intense sort of sits in somewhere in the middle between a traditional rental and an Airbnb.\\u201d - Frank Furman\\n\\u201cYou 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.\\u201d - Frank Furman\\n\\u201cYou don't have to overthink a lot of the stuff.\\xa0 If you kind of get back to the basics and go from first, principles. You find most things really just kind of makes sense.\\u201d - Frank Furman\\n------------\\nConnect with Frank Furman through frank@padsplit.com, Instagram and Twitter.\\xa0 Visit their website https://www.padsplit.com/.\\xa0\\n\\xa0\\nInvest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate 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.\\xa0\\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes"