How do I update my income information?
As your income grows, so do your PadSplit opportunities. We're excited to help you access even more housing options that match your success. Keeping your income information current is a simple way to unlock additional possibilities - including eligibility for rooms in higher price ranges that better fit your needs.
Why update your income?
Qualify for more housing options
Access rooms in different price ranges
Keep your profile accurate as your income changes
How your income sets your rate:
W-2 or 1099 earners: Your approved weekly rate is half your verified weekly income
SSI recipients: Your approved rate is two-thirds of your weekly income
Easy steps to update your income:
Log into your Member Dashboard
Click on "Settings" and then “Registration”
Scroll to "Income Information"
Click the "Add Income" button
Verify your new income by connecting your bank account (fastest — often instant via Plaid), or click See more verification options for other methods.
Manually submitted documents are typically reviewed within the same day. Email your income verification documents to documents@padsplit.com to help speed things along.
If you're transferring to a higher-rate room:
Once your updated income is evaluated and approved, our team will send you a confirmation letting you know your new qualified room rate. From there, you can go ahead and transfer to your new room.
Pro Tips:
Include all sources of income, including part-time or freelance work
No income documentation, or between jobs? You may still qualify through an upfront payment — contact documents@padsplit.com
Update your income whenever it changes to stay eligible for the widest range of rooms