S4 EP 235: Shared Housing as a Profitable Way to Make Money with Frank Furman
b"\\u201cYou 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.\\u201d\\xa0\\n\\nShared housing as an investment is a relatively new concept, but one that has already shown promise. Today\\u2019s 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.\\n\\nKey Takeaway\\nImpact investing is a rapidly growing trend, but it\\u2019s important to find the right balance between making profitable investments while still adding in the social impact elements to be successful.\\n\\nHow to Contact Frank: frank@padsplit.com\\n\\xa0\\nAre you REady2Scale?\\nLearn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.\\n\\nProduction Credits:\\nFeaturing: Ellie Perlman\\nStrategy: Jeannette Robinson\\nVideo Editing: Sean Barry\\nAudio Editing: WEP (We Edit Podcasts)\\nSpecial Guests: Frank Furman\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"