Episode 089 — Beyond the First of the Month: Atticus LeBlanc of PadSplit on Revolutionizing Rental Risk with Tech
Description
This week, Jahed Momand has an insightful conversation with Atticus LeBlanc, founder and CEO of PadSplit, a public benefit corporation that’s flipping the script on affordable housing.
Atticus shares his personal journey from renting a room in Atlanta and navigating early entrepreneurial challenges to his "aha moment"—realizing the profound need for respectable, affordable housing for those often overlooked by traditional landlords. Discover how PadSplit challenges long-held assumptions in the rental market, such as arbitrary monthly rent payments, high deposits, and reliance on credit scores that often don't include rental history.
Learn about PadSplit's innovative approach: offering all-inclusive, furnished private rooms with flexible, weekly payments aligned with residents' paydays. This model not only makes housing significantly more affordable and accessible for individuals earning below $50,000, including service workers and those on Social Security income, but also proves more profitable for property owners by fractionalizing space and reducing vacancy costs.
Atticus explains how PadSplit focuses on resident management, handling payments and fostering community, thereby providing crucial stability and peace of mind for its members—many of whom are transitioning from homelessness or unstable living situations. Tune in to explore how reimagining basic housing assumptions can create immense opportunities for both renters seeking a new start and landlords looking to make a greater impact while achieving better returns.
See Cliff Johnson from PadSplit speak to their model's viability and growth at the Ownership Economy Summit this year in NYC on October 7th. Grab your ticket here: https://www.ownershipeconomy.com/registration
use the discount code OE2025VIP! for 40% off
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