REI145: Rent-By-The-Room with a Twist w/ Frank Furman
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 24 October 2022
⏱️ 53 minutes
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| 0:00.0 | You're listening to TIP. So we are still checking credit and credit can get people declined, |
| 0:07.8 | right, or evictions or what have you. It's more just a point that we don't have a hard minimum credit |
| 0:14.5 | score. And a lot of that is that many of the residents who we have are thin file. |
| 0:21.9 | In this week's episode, I talk with Frank Furman about the rent-by-the-room, |
| 0:26.3 | real estate investing strategy, how he created a tech platform around it, how they screen tenants, |
| 0:31.8 | why they report credit scores on behalf of their tenants, and much more. |
| 0:35.8 | Frank Furman is the co-founder and chief growth officer at PadSplit. |
| 0:39.6 | Prior to PadSplit, he worked as a category director at Georgia Pacific and as an engagement |
| 0:44.9 | manager for McKinsey and Company in London and Atlanta. A former infantry officer in the United |
| 0:50.8 | States Marine Corps, he commanded at the platoon and company levels and served |
| 0:55.5 | two tours in Afghanistan. Frank, thank you for your service. He has a BS and aeronautical engineering |
| 1:01.6 | from the United States Naval Academy and an MS in applied physics from Johns Hopkins University. |
| 1:08.1 | He, his wife, and three children live in Atlanta. |
| 1:11.6 | Like last week's episode with Chris Powers, we dive into a bit of a different approach to real |
| 1:16.2 | estate investing here in this week's episode. |
| 1:18.4 | I think this model is pretty fascinating and I'm actually considering giving it a try. |
| 1:22.7 | We'll see. |
| 1:23.7 | This is a fun episode and I enjoyed about learning about this model of investing. It's new to me. |
| 1:28.5 | It's not new to the world of real estate investing. There has been shared rooms and house hacking |
| 1:32.8 | for decades and decades, but it's a new model of investing to me. So I hope you guys enjoy it too. |
| 1:38.7 | Let's dive right in. |
| 1:43.6 | You're listening to Real Estate Investing by the Investors Podcast Network, |
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