Money Moves with Lamont

PadSplit Expands Affordable Co-Living for Essential Workers


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Lamont Harris and Mandisa Barnett discuss the growth and impact of PadSplit, a co-living company that converts single-family homes into multi-occupancy units. Mandisa highlights that PadSplit is now in 17 markets, including major cities like Atlanta, Las Vegas, and Phoenix, and aims to expand to Los Angeles. They emphasize the affordability of PadSplit units, which cost around $800 per month, inclusive of utilities, and cater to essential workers. Mandisa explains the business model, which involves converting four-bedroom homes into seven-bedroom units, and addresses concerns about safety and credit requirements. She also shares her journey from the mortgage industry to co-living entrepreneurship.

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Money Moves with LamontBy Lamont Harris