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How to Host Rooms for Rent
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How to Host Rooms for Rent

Choosing Homes to PadSplit

Yes! We will just need a background check from you to ensure the safety of our Members. Check out the FAQ for Hosts of owner-occupied homes for more information. Please keep in mind that any approved
If you don’t already own a PadSplit, the first step is narrowing down where you want to buy. Learn more about picking the best location for your PadSplit.  
There are multiple factors to consider when selecting a PadSplit property. A PadSplit should fit in and resemble any other house or apartment in its neighborhood. Visit our Host Resource Hub for more

Renovating a Home to PadSplit

Our Host Resource Hub is full of dedicated resources to help prospective Hosts during the renovation phase of their Host journey. If you still have questions during the process, you can reach out to y
PadSplit recommends adding these important features in order to optimize the success of your property.    Smart Lock By installing a smart lock, Members can move themselves into your property even if
Most Hosts rely on a general contractor (GC) to renovate the property and get it ready to PadSplit. We highly recommend partnering with licensed GCs in your area with a strong track record. Another op
The answer to this question varies depending on the property’s size and condition. It is advisable to budget about $1,000 per bedroom for furnishing and staging. Keep in mind the other renovations tha
In general, there are 3 phases a property must complete before it can be listed on PadSplit: pre-renovation, conversion and listing preparation. Within each phase, there are tasks that must be complet

Preparing to Manage a PadSplit

PadSplit homes require much of the same maintenance that a traditional rental investment needs, though often at a higher frequency.    The work is both preventative (such as changing HVAC air filters)
It is always possible for a Host to own and operate their PadSplit properties. Nevertheless, most PadSplit properties are operated by a third-party property manager. Keep in mind that property manager
Below, please find three common models to consider as you structure your arrangements: Description Manager charges a either a flat fee or fixed percentage of revenue monthly (usually 8-15%) Ma
Developing robust accounting practices is critical to effectively managing PadSplits. In addition to any general overhead costs, there are six standard types of expenses that should be tracked for eve
Our best Hosts think about Member move-ins before they even list their home. Put yourself in the shoes of a PadSplit Member. He or she just paid their hard-earned money to move into your property, pur

The Finishing Touches Before Listing Your PadSplit

PadSplit recommends printing and laminating this set of posters to hang up in every home. These posters help reinforce the rules, promote cleanliness and protect your property. Please see our guide be
PadSplits should be designed and furnished to feel like home. The furnishings should be comfortable and meet the needs of Members. Please keep in mind that Members are not permitted to bring large pie
PadSplit places a strong emphasis on convenience and efficiency for both Members and Hosts. It is important to keep in mind that Members are not permitted to visit the home before move-in. It is impor
Unlike a traditional rental, utilities are included in the price paid by members. Hosts must ensure that the utilities are turned on and paid prior to listing the property. This process may take as lo
It’s best to budget a few hundred dollars for staging items and finishing touches after renovation is complete as a few minor additions can go a long way. Hire a professional real estate photographer

Completing the Listing

Now you have more flexibility on setting up your team through the PadSplit dashboard. You can assign roles and communications preferences per property so we can send the right information to the right
Make sure you have created your Host account. On the homepage of padsplit.com, click the “get started” button and select “become a Host”. Enter your information and confirm that your account has bee
During the listing process, you will be asked to draft custom move-in instructions for your property. PadSplit will email these instructions (along with lock instructions*) to a Member on the day of t
You can set the number of parking spaces during Property Onboarding and edit this at a later time. Figure out how many available spots you have at the property and determine whether there is any stree
The quality of PadSplit homes is of the utmost importance. Hosts may go onto padsplit.com and submit a listing without speaking to a PadSplit team member. However, during the property listing, a prop

Owner Responsibilities

The bulk of cleaning responsibilities fall on the members--it is simply uneconomical to provide cleaning services for distributed properties frequently enough. That said, we recommend the provision of
At PadSplit we are problem-solvers, looking to solve the affordable housing crisis – one room at a time. We believe everyone deserves the opportunity to access safe, clean housing options. Our Members
CSAT is short for “Customer Satisfaction Score” and it is a way to measure how satisfied your Members are with their experience. The score is measured 1-5, with 5 being the highest.    What does the q
You must conduct a quality assurance check while members are living in the PadSplit. What is it?  An in-person, twice-monthly walkthrough of the property, including member’s rooms An opportunity to p

Move ins

Move-in day is an important day for both Members and Hosts! As a Host, it is your responsibility to triage any move-in issues, such as when a Member has lock problems or trouble locating the home. Det
PadSplit is currently offering a beta feature to allow Hosts to approve booking requests from Members. To enable this feature, please reach out to Host support at support@padsplit.com.  New properties
Move-in day is an important day for both Members and Hosts! As a Host, it is your responsibility to triage any move-in issues.If something goes wrong during a Member's move-in or if a Member just like
At PadSplit, we are actively working on features to give you insights into Members’ experiences in your home. Currently, we are showing information around Member move-in ratings. Go to the Performance
PadSplit will send Hosts an email notification when a room in their home is booked. The move-in day will generally be at least 48 hours in the future, giving the Host plenty of time to complete the ne

Member Management

Everyone needs a hand every once in a while and we’ve found that a little help can go a long way towards preventing a costly eviction and increasing Member tenure.  Hosts can now help prevent a Member
Select Hosts will now have the ability to self manage Member behavior in their homes using PadSplit’s Three Keys policy and tool.   If a Member violates either a general PadSplit rule or a house rule,
It is important for the happiness and safety of the entire PadSplit community that all Members adhere to the Membership Rules. A violation of these rules is subject to our Three Keys Policy.  What is
Violations to PadSplit's Membership Rules can compromise Member safety, the integrity of the property and/or profitability. Some violations, such as smoking, compromise all three. While most violation
At PadSplit, the safety of our Members and Hosts is our number one priority. PadSplit takes violence very seriously.  PadSplit will utilize the following procedure in cases where violence is reported

Payments

Hosts can find Member collection details for each monthly Host payout in the CSV file available for download in the Earnings tab.The CSV file contains Member transaction data (Member bills, Member pay
PadSplit collects the necessary fields featured within a W-9 to generate 1099-MISC forms for Host earnings. We are generally required to file a Form 1099-MISC report with the IRS if the gross amount o
Members pay electronically on the PadSplit site using credit, debit or bank transfer. At no point should PadSplit Members be asked to pay outside of the platform, and any such request will result in r
Owners get paid monthly between the 8th of the month and five business days after.
PadSplit is a marketplace that lists, markets and assists with co-living. We do not guarantee rent payments.

How to Navigate the Host Dashboard

To help us ensure the happiness and safety of the entire PadSplit community, all Members are required to adhere to the Membership Rules. Violations of these rules are subject to the Three Keys Policy.
Hosts can set or change the waste pick-up days for a property on their Host Dashboard. To do so, go to the Properties details page and scroll to the section “Waste pickup day.” Click on “edit pickup d
Hosts can set a lock access code for Members through their Host dashboard. Scroll to the section “Devices” on the Properties details page. Select “Add a device” and input the type and location of the
Hosts can send a message to all Members in their PadSplit. Go to the Properties details page on your Host Dashboard and scroll to “Notes & communication.” Click on the communications tab and selec
On the Host Dashboard, Hosts can access their financial data on each PadSplit property. First, log into your Dashboard. You can view your finances under the Dashboard tab by scrolling to “Financials S

FAQ

Dedicated Host support is available Monday through Friday from 9am to 5pm EST. We can be reached via the following methods: By calling (770) 373-7863 (follow the prompts for the Host line) Via emai
Members pay electronically on the PadSplit site using credit, debit, or bank transfer. At no point should PadSplit members be asked to pay outside of the platform, and any such request will result in

Hosts of Owner-Occupied Homes

For current Hosts of Owner-Occupied homes. Please note that we are not currently onboarding new Owner-Occupied homes at this time.
To ensure PadSplit standards and prevent double bookings, we require that all renters in your home be PadSplit Members.  In addition, all adult Members of your household (non-renters that live in your
Yes. In order to have your listing approved, all adults that live in your home must pass a background check during the onboarding process.
PadSplit does not allow smoking inside of a house that is listed on our platform. This includes Members and Hosts. PadSplit Hosts may have pets but these must be disclosed in the onboarding process. P
PadSplit does not provide insurance. You should insure your home and belongings outside of PadSplit.
All Hosts will receive a 1099 from PadSplit at the end of the calendar year. It is your responsibility to report your PadSplit earnings as directed by your tax advisor.

Getting Your Room Ready to Rent

Have questions about Hosting with PadSplit? We've outlined some common topics below. Want more information? Attend one of our webinars or local meet-ups. Email sales@padsplit.com for more information.
PadSplit, Hosts and Members share in the responsibilities needed to keep our community running smoothly. Please refer to the chart below to see what PadSplit, Hosts and Members are responsible for.  
Have questions about setting up your PadSplit? Our Host Resource Hub is full of dedicated resources to help prospective Hosts during the property selection, renovation, and optimization phases of thei
PadSplit helps investors leverage under-utilized space in their existing properties, making them more profitable and more affordable for community Members. Owners who manage properties through PadSpli
PadSplit is the country’s largest co-living marketplace that provides housing specifically designed for the workforce. We believe it’s possible to do well AND do good at the same time. Our award-winni

Listing a Room for Rent FAQ

Hosts can enable the “coming soon” feature for a property when they begin the listing process. Properties that are “coming soon” are shown on the property map to prospective and current Members. Membe
PadSplit's aims to serve our Member and Host communities by making rooms easy to find and book on our site. In other words, we want your room booked just as much as you do! As such, we are constantly
Our Members pick where they live based on the same factors as anyone else: location, price and amenities. To increase the chances that a Member will book a room in your PadSplit, explore the booking s
PadSplit Members are the same people you interact with everyday. It’s the person serving your food, delivering your Amazon package, or the security guard at your office. PadSplit Members must pass a b
All PadSplits require a minimum commitment period. Depending on the PadSplit you book, you will either make a 30-day minimum commitment period OR select between a 5 week, 12 week, or 24 week minimum c

Managing Room for Rent Properties

An in-person, twice-monthly walkthrough of the property, including the member’s rooms that serves as an opportunity to protect your investment and ensure that the property is operating efficiently and
Because utilities are included in a Member’s weekly rate, Hosts are encouraged to estimate monthly bills and increase the efficiency of the home before listing on PadSplit.  Occasionally, even the bes
Many PadSplit Hosts choose to utilize the Remotelock platform and brand of locks. Below, you'll find some useful tips for troubleshooting a Remotelock. For issues that this guide does not cover or wor
PadSplit Hosts are responsible for completing all maintenance requests. With the exception of emergency scenarios, submitting a maintenance ticket through your dashboard is the only way to notify your
Due to emergency damage or incidents, PadSplit reserves the right to inactivate any rooms or homes that may have become unsafe or otherwise uninhabitable.    After the necessary repairs and remediatio
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