Other articles in this category
How do Members pay their dues?
How often do I get paid?
Are payments guaranteed?
What is the move-out refund policy for Members?
Can Members cancel their move-in?
Can I raise a room rate?
Do the totals in the Dashboard reflect our payouts exactly?
Previously, PadSplit used cash based accounting vs. accrual. Is this still true?
How does a Member’s dues date affect the billed totals?
Are late fees, admin fees, fines, etc. added to the billed totals or just the weekly rate?

Can I raise a room rate?

Last updated June 26, 2021

We understand that economic conditions sometimes necessitate room rate increases. In order to comply with the law and protect affordable housing for our Members, room rate increases can only be enacted if the following criteria are met:

  • Members must have resided in the room for at least 90 days to be eligible for a rate increase
  • Members cannot have their rate increased more than once in 6 months
  • Hosts must give a 30-day notice of any rate increases
  • Hosts may not increase the rate by more than $10

Please log into your Dashboard to initiate a rate increase or set a new room rate for the next time your room is listed. Detailed instructions on how to do so can be found here

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