Anderson Business Advisors Podcast

Feb 06 2025 32 mins 14

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In this episode, Toby Mathis, Esq., of Anderson Business Advisors, chats with Atticus LeBlanc, CEO of PadSplit. Toby and Atticus discuss the innovative approach PadSplit is taking to address homelessness and provide affordable housing. They dive into troubling statistics about homelessness in 2024 and how rising home prices and interest rates are impacting the housing market. PadSplit’s model—offering multi-room rentals—provides a solution for both underserved communities and real estate investors, creating a two-sided marketplace. The conversation covers the operational benefits for landlords, the low turnover rates, and the impact PadSplit has on helping residents transition out of homelessness. Learn how this model offers affordable housing in 24-48 hours for under $300, while benefiting investors by reducing costs and increasing revenue. It’s a win-win for both society and your investment portfolio!

Highlights/Topics:

Toby’s PadSplit experience, frightening stats on homelessness for 2024

Increasing home prices, interest rates are not helping single-family residences

PadSplit rooms are a great solution for the underserved, and for investors

Reducing barriers to entry for the unhoused, revenue increases for landlords

How PadSplit operates as a two-sided marketplace

Different scenarios using PadSplit for multi-room home rentals

Standard costs for a “turn” as a landlord, saving with PadSplit

Early intervention for issues is easier with a PadSplit scenario

Residents have thousands of options if they don’t care for the room

What are the eviction rates with PadSplit?

What percentage of residents move from unhoused situations? This is the “invisible working population’ - not people on the street with a cardboard sign.