Co-living is not a new concept, but it fell out of vogue a long time ago when starter homes were all the rage. With the increasing barrier to entry for single family homes as well as the rising cost of rents - co-living isn’t just necessary, it’s oftentimes the only choice for people who need to find a place to stay and immediately.

Padsplit and their Account Executive, Emanuel Premate have entered the chat. With 25,000 members strong and 11,000 units nationwide, Padsplit hopes to help both investors and the working class make the most of the predicament we find ourselves in today. By providing a tech-stacked all-in-one app for both owners and “members” (Padsplit’s term for tenants), both sides of the mid-term rental world find an easy, accessible, and transparent experience. With an average stay of 7.6 months, a recommendation rate of 83%, and increased economic mobility of members, it’s hard to find fault with this novel approach to addressing the issue of affordable housing in Jacksonville.

Emanuel talks about:

Battling the stigma of boarding houses
Leveraging single family homes
Maximalizing rents with an underserved community
Finding unique legal strategies to create solutions to a real supply issue

And, locally:

His favorite restaurant: Kairo’s Jax on Beach Blvd
His favorite place: Hanna Park

Tell us: what did you think of the new show format? If you enjoyed it, do you mind leaving us a rating and review in Apple Podcasts or telling a friend about the show? Our goal is to be an indispensable resource for commercial, industrial, office, and multifamily investors in greater Jacksonville, Florida.

Connect with Emanuel:

emauel@padsplit.com
Padsplit FB Group
Emanuel’s Workshop - April 24th at Lionshare CoWork at 6pm
@bigREIgrowth on socials

Connect with Ian:

https://investwiththecoach.com/
@yieldcoach on socials

Theme music provided by: The Firewater Tent Revival

https://open.spotify.com/artist/7rRU3ACLdkUtvkZc3DGbUJ?si=cKiWTd2lQvKFkLiZxffgXA&nd=1&dlsi=ffb0de76e1874912