Rent-By-The-Room with a Twist w/ Frank Furman (REI145)

Robert Leonard talks with Frank Furman about the rent-by-the-room real estate investing strategy, how he created a tech platform around it, how they screen tenants, why they report credit scores on behalf of their tenants and more!
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.
IN THIS EPISODE, YOU’LL LEARN:
00:00:00 - Intro
00:00:28 - What co-living is and how to invest using the strategy
00:13:30 - How this proptech company makes money
00:23:31 - Why offer weekly payments to tenants instead of monthly
00:25:22 - What the rent-by-the-room real estate investing strategy is
00:35:05 - Handling evictions in a rent-by-the-room strategy
00:36:47 - Reporting tenant credit scores
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▶️ RELATED EPISODE:
- (REI042) Student Rentals By The Room w/ Ryan Chaw: www.theinvesto...
💡 OTHER RESOURCES
- Connect with Frank: / frank-furman-4b70b353
- Check out PadSplit: www.padsplit.com/
- Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future - Use our link here for a special $140 discount: bit.ly/3PVyNfF
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WHO I AM:
I’m Robert Leonard, an accounting and finance professional who’s looking to share my knowledge and experiences in personal finance and investing 💼. On my 26th birthday, I retired from my six-figure corporate career to pursue my new dreams of being an investor and entrepreneur. Today, I’m the VP of Growth at 🎙 The Investor’s Podcast Network, an active 🏠 real estate and 📈 stock investor, and also 🏍️ race motocross from time to time.
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