{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5ab6fe42bb6ddf45527e077e/6026d33183c28959b2307b53?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Unison with Thomas Sponholtz | E164","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/5ab6fe42bb6ddf45527e077e/1613156869250-f2a4bbdb895dbeace284e8b6d7336ea0.jpeg?height=200","description":"<p>In this 164th episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews Thomas Sponholtz, CEO of Unison, a company that enables equity financing of residential real estate and gives institutional investors access to the world’s largest asset class!</p><p><br></p><p>Episode Highlights:</p><ul><li>0:33 – Thomas Sponholtz introduces Unison.</li><li>3:16 – What was the impedance for the creation of Unison?</li><li>6:06 – Thomas explains the consumer experience when working with Unison.</li><li>7:37 – To what degree is Unison participating in the change in the value of the house?</li><li>8:44 – What happens if the homeowner sells the property at a loss?</li><li>9:36 – How long do these deals take to get closed?</li><li>11:10 – Thomas discusses the return expectations by investors.</li><li>13:24 – How much attention is paid to regional diversification?</li><li>16:00 – Jason and Thomas discuss the potential risk for residential homeowners.</li><li>19:28 – Thomas discusses Unison’s goal of giving people the experience of having a home without the financial commitment of owning.</li><li>20:25 – What kind of feedback has Unison gotten back from its clients?</li><li>23:28 – If Thomas could change something about his company and his industry, what would he change?</li><li>26:09 – What has been the biggest challenge in getting Unison to where it is today?</li><li>27:24 – Thomas shares the motivations that get him up every morning.</li></ul><p><br></p><p>3 Key Points</p><ol><li>Unison introduced equity financing to residential homeowners while also enabling institutional investors to get access to the world’s largest asset class.</li><li>By bearing a high percentage of risk than the homeowner, Unison bears a disproportionate percentage of both gains and losses.</li><li>Investing in a single home brings as much volatility as investing in the stock market while diversifying your portfolio with thousands of properties across the country can lower volatility from 15% to 5%.</li></ol><p>&nbsp;</p><p>Tweetable Quotes:</p><ul><li>“When you retire, your biggest expense is most likely to be housing but you could not invest in housing as an asset class as an institution.” – Thomas Sponholtz</li><li>“Theoretically, this could be closed in a week, in practice because of that coordination between the homeowner and appraiser, it typically takes about 2 or 3 weeks.” – Thomas Sponholtz</li><li>“To date, the only option for investment in residential real estate has largely been residential REITs, in which case you’re dealing with a renter environment, not an ownership environment.” – Jason Pereira</li><li>“A single home has the same volatility as the stock market.” – Thomas Sponholtz</li><li>“Communicating directly to the consumer is a lot easier sometimes than through an intermediary.” – Thomas Sponholtz</li></ul><p>&nbsp;</p><p>Resources Mentioned:</p><ul><li><a href=\"https://www.facebook.com/jason.pereira\" rel=\"noopener noreferrer\" target=\"_blank\">Facebook</a> – Jason Pereira’s Facebook</li><li><a href=\"https://www.linkedin.com/in/pereirajm?trk=org-employees_mini-profile_title\" rel=\"noopener noreferrer\" target=\"_blank\">LinkedIn</a> – Jason Pereira’s LinkedIn</li><li><a href=\"https://www.fintechimpact.co/\" rel=\"noopener noreferrer\" target=\"_blank\">FintechImpact.co</a> – Website for Fintech Impact</li><li><a href=\"https://jasonpereira.ca\" rel=\"noopener noreferrer\" target=\"_blank\">JasonPereira.ca</a> – Sign up for Jason Pereira’s newsletter</li><li><a href=\"https://www.woodgate.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Woodgate.com</a> – Website for Woodgate Financial</li><li><a href=\"https://www.unison.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Unison.com</a> – Website for Unison</li></ul><p><br></p>","author_name":"Jason Pereira"}