Michael Buslovich was intrigued the moment he heard about it. Being an investor and real estate developer, he had just purchased an existing property in Jacksonville, Florida, but this wasn’t a typical rental deal. It was something called PadSplit.
The concept caught his attention: a housing model that didn’t force people to choose between affordability and dignity. Single-family homes are converted into individual rooms with private locks and shared common spaces. Weekly rent fits within a working person’s budget.
Michael Buslovich, Founder of SHRCasa Homes, knew immediately he’d discovered something rare in real estate: an idea that made financial sense while also allowing him to give back to the community.
What followed was a two-year journey of learning every detail and perfecting an alternative investment model that others had overlooked.
From short-term rentals to long-term impact
Like many real estate investors, Michael’s journey began in the short-term rental space.
“We started with STRs prior to the market shifting, and we were doing really well,” he says.
However, as market conditions changed and seasonal fluctuations began to affect returns, Michael realized it was time for a more stable investment model.
“Even if I sold my short-term rentals, I’d probably lose money. I like PadSplit’s model much better because you’re not necessarily based on season, the holiday season, or certain times of the year. People need a place to live year-round.”
That realization led Michael to purchase his first PadSplit property, renovate it, and begin developing a strategy that would set him apart: building PadSplit homes from the ground up.
Creating a vision of new construction PadSplit homes
November marked a significant milestone for Michael and SHRCasa Homes, as the company’s first 7-bedroom, 7-bathroom PadSplit home went live. Since then, SHRCasa Homes has completed and closed dozens of PadSplit homes, with additional homes currently underway in Tampa, Lakeland, and Melbourne.
Today, all completed SHRCasa Homes PadSplit properties operate at 100% occupancy. Newly delivered homes reach full stabilization in under 30 days, significantly outperforming the PadSplit average of approximately 58 days to reach 80% occupancy.
“In today’s market, PadSplit is the highest return,” Michael states confidently. “The numbers don’t lie.”
Implementing this new approach presented several challenges, including identifying suitable lots within their buy box parameters and ensuring the team fully understood the construction process for this specific product.
SHRCasa Homes helps other investors become PadSplit hosts
What makes SHRCasa Homes unique isn’t just its new construction model, but the comprehensive services it provides.
“Everyone had a certain piece,” Michael notes. “You’ve got new builds in Texas without management or stabilization, then realtors or property managers. In our scenario, we’re a full ecosystem for investors.”
That ecosystem includes:
- Property sourcing in high-performing zip codes
- New construction, including 7-bedroom / 7-bathroom homes and 14-bedroom / 14-bathroom duplex PadSplits
- Complete property stabilization
- Ongoing property management
- Full furnishing with premium amenities
- Dedicated maintenance team support
“We find the lots, do the builds, stabilize them, manage them, and furnish everything. It’s completely turnkey for our investors.”
Providing nothing less than a premium tenant experience
Michael’s attention to detail extends beyond returns to the member experience. Each new build includes:
- Individual bathrooms for every bedroom
- Higher rental-grade interior finishes
- Premium furnishings, including beds, desks, mini-fridges, chairs, and USB-enabled lamps
- Fully stocked kitchens with appliances and essentials
- Welcome kits for members
- Security systems
- No HOA restrictions
“It’s all about the experience for the member as well as the investor. A great experience reduces turnover.”
The advantages of new construction PadSplits
While converting existing properties works, Michael believes new construction delivers a superior product.
“With an older home, the foundation, plumbing, wiring, and infrastructure are still old. With new construction, investors get a brand-new home under warranty.”
This significantly reduces maintenance issues and unexpected expenses, particularly plumbing-related problems common in older properties.
From acquisition to completion: a four- to five-month process
Once land and permits are secured, SHRCasa Homes delivers fully built, turnkey PadSplits in approximately 4 to 5 months.
“We move quickly, but we’re very particular about where we build. Location and performance come first.”
Earning strong returns while making a community impact
Beyond returns, Michael is proud of the broader impact.
“We wanted to help create more affordable housing solutions without sacrificing quality.”
PadSplit provides working professionals with private, secure living spaces at accessible price points, addressing a growing housing need in Jacksonville and beyond.
Homes built for longevity
These new-build homes also provide flexibility as long-term assets.
“As an exit strategy, these homes can be converted for large families. The 7-bedroom, 7-bathroom layout works incredibly well for multi-generational living.”
Scaling with momentum
With dozens of homes already completed and fully occupied, SHRCasa Homes continues to scale its model through additional builds this year and into 2026.
“We knew the model worked. We just wanted to make it better and more efficient.”
For investors seeking entry into the PadSplit space without the burden of conversion or management, SHRCasa Homes offers a fully integrated solution, delivering strong performance while raising the standard for shared housing.
To learn more, visit PadSplit.com/hosts or connect with Michael’s team at shrcasahomes.com.
