Each month, your Host Success Manager team puts together the data, platform news, and market signals you need to run a high-performing PadSplit portfolio.
PadSplit is now on Furnished Finder; your rooms just got a new audience
PadSplit has launched a distribution partnership with Furnished Finder, becoming their first-ever API integration partner and largest inventory partnership to date. More than 1,000 PadSplit rooms across 18 states are now searchable on Furnished Finder, exposing host listings to an entirely new audience of traveling healthcare professionals, contract workers, and digital nomads.
What this means for you
No action required. Your qualifying listings are already being distributed through this new channel. Hosts may see increased traffic and booking inquiries as PadSplit expands distribution beyond its core acquisition channels.
Indianapolis, IN: Rooms fill in 2 days. Only 20 hosts know it.
97.7% attainable occupancy. #2 platform-wide. The supply gap is structural, and the host base is still small enough to get in early.
–Only 20 hosts. 190 rooms. Rooms filling in 2.2 days. Demand has lapped supply, and the host base is still small enough that entering now puts you ahead of the curve.
–Just 4 rooms out of 189 active are currently vacant. At $821/room/month, Indianapolis hosts are collecting revenue nearly every day their room is listed.
–The housing shortage here is among the worst in the Midwest. Marion County has only 24 affordable units per 100 low-income renters. The rental vacancy rate hit a 15-year low of 3.9% in 2024. Renters need to earn $25/hr to afford the median rent, but average wages are under $22. PadSplit closes that gap.
Expansion markets: strong demand, room to grow
Markets with 80%+ occupancy and clean absorption, where new rooms are filling almost as fast as they come online. Bubble size = active rooms. Data: June 2026.
What’s happening in coliving right now
Pew + Gensler: Coliving is the most scalable solution to the housing shortage
A March 2026 study found that co-living conversions cost 25–35% less per unit than conventional apartment development and produce housing affordable at half the area median income. When Pew publishes it, city governments read it; this is the regulatory environment shifting in coliving’s favor.
Seattle legalizes coliving citywide, and other cities are following
Seattle now allows co-living in any multifamily zone with no parking requirements near transit. Units are renting for $850–$950/month vs. ~$1,500 for a studio. NYC is moving toward legalizing co-living in new developments after 2027. The Senate passed the largest bipartisan housing bill in decades. The policy wind is at coliving’s back.
The global coliving market hit $13B in 2026, projected to reach $35B by 2030
North America’s workforce housing segment is leading growth. Harvard’s 2026 Rental Report documents 22.7 million cost-burdened renter households. The shortage is structural and not closing.
The case for motel, commercial, and apartment conversions to PadSplit
Buildings already divided into private rooms with shared infrastructure are the most efficient path to a high-performing portfolio. Motels, extended-stay hotels, and older apartment buildings are strong candidates, often priced below market due to brand fatigue or deferred maintenance, with the room infrastructure already in place.
What makes a strong conversion candidate
Individual locking rooms, shared bathrooms or kitchens that meet local code, and a location near employment corridors. The revenue-per-door math on a co-living basis often dramatically outperforms what a prior motel or traditional landlord was generating.
- Motels and extended-stay properties are the closest analogs; many already have the locks, furnishings, and utility infrastructure in place. Acquisition costs in secondary markets can be well below replacement cost.
- Regulatory momentum is in your favor. Many cities are streamlining permitting for adaptive reuse. A call to your local planning department in 2026 will often get a more favorable answer than two years ago.
- Talk to your HSM before you commit. PadSplit’s underwriting support extends to conversions. Your Host Success Manager can help you model room-count math and revenue projections before you sign anything.
June update: The platform is getting even better for hosts
Enhanced Listing Page: Now Live for All Users – Live
The enhanced listing page experience has rolled out to 100% of users after testing showed a 2–5% improvement in booking conversion. More members are now moving from viewing a listing to booking a room. Strong photos, accurate amenities, and competitive pricing are what the new page surfaces most prominently.
Your Ratings Are Now More Visible to Members – Live
The ratings update is live for all users, adjusted display threshold and presentation. Coming next: ratings will appear after just 1 review instead of 3, significantly increasing the percentage of listings that show ratings on the marketplace.
Members Can Now Search by Neighborhood – New
ZIP code search is now available in the mobile app alongside city search. Members looking for rooms in specific neighborhoods can find them more easily, which may benefit hosts in well-located areas that don’t always surface in broad city-level searches.
Fewer Missed Payments, More Predictable Income – New
A new experiment lets members turn on Autopay directly from the payment flow. If successful, this reduces missed payments and improves cash flow consistency for hosts managing multiple rooms.
Managing Multiple Properties Just Got Easier – Improvement
Hosts inviting cohosts can now use a “Select All” option when assigning properties. A meaningful quality-of-life improvement for larger operators.
Coming Soon
- Ratings after 1 review. Expected to significantly increase the number of listings displaying ratings on the marketplace.
- Move-in survey requests via Messenger. Hosts will be able to send survey requests directly through the platform.
- PDF support for service animal documentation.
A cheap, proactive fix for smoking complaints
One of the most common complaints among members is smoking inside the home. Before it becomes a conflict or a costly damage issue, give members a reason to go outside instead. A simple set of chairs and a small table in the front or back yard is all it takes. Low cost, high ROI, and it signals you’re a thoughtful host.
- Create the space proactively. A $60 patio set and a covered outdoor ashtray change the default behavior before smoking inside becomes a habit. Put it in your welcome materials so members know it’s there from day one.
- Back it up in your house rules. “No smoking indoors, outdoor space provided” is more enforceable and more hospitable than a blanket prohibition with no alternative.
- It doubles as a community amenity. Members who gather outside build better house dynamics. The patio you add to prevent smoking complaints often becomes one of the things members mention when referring friends to your listing.
Low-cost amenity worth adding at every flip: blackout curtains
A basic set of blackout curtains runs $20–$35 at any big-box store, installs in under 10 minutes between flips, and makes a noticeable difference to members, especially those working shift jobs who sleep during the day. A room that shows well in photos and delivers on comfort keeps members longer.
How to stand out in a market where most listings look the same
Most hosts optimize for the wrong things. Waiving the move-in fee, enabling every available filter, none of it moves the needle. PadSplit data shows filters are used in fewer than 3% of member searches, and rooms without move-in fees fill at exactly the same rate while renting for $17/week less. The things members actually use to choose a room are simpler: price, photos, listing accuracy, and whether the room looks cared for.
What a distinctive listing looks like
- Photos are the first filter members apply. Members decide whether to click into a listing based on the cover photo before reading a single word. A bright, staged room with a made bed and no clutter will outperform an identical room with a dark or cluttered photo every time.
- Listing accuracy is a retention play. Members who find the room doesn’t match the listing move out faster. Accurate listings attract members whose expectations are calibrated to the actual room; that alignment drives tenure. Audit your amenity checklist and remove anything not currently in the room.
- Character signals care. A piece of art, a plant, a well-chosen rug, small investments in how a room feels communicate that someone is paying attention. That matters to the members who stay longest.
A Pulitzer-winning book every PadSplit host should read
There Is No Place for Us: Working and Homeless in America
Brian Goldstone
Brian Goldstone spent six years embedded with five Atlanta families fighting to hold onto housing while working full-time jobs. These aren’t families dealing with unemployment; they go to work every day and still can’t afford to stay housed in a booming city.
For PadSplit hosts, this book is a direct portrait of your members. The people Goldstone follows are nurses’ aides, warehouse workers, and hospital custodians, the same workforce that fills PadSplit rooms across Atlanta, Memphis, and Indianapolis. Understanding what housing instability looks like from the inside shapes how you show up as a host when things get hard.
Thinking about adding a property to PadSplit?
Your Host Success Manager can walk you through market analysis, underwriting support, and onboarding. The best time to expand is before your competitors figure out what you already know.
Talk to your Host Success Manager
