The current real estate market is full of uncertainties. With recent interest rate hikes, very low inventory, and the ongoing construction supply chain issues post COVID-19, real estate investors are left with fewer options, yet the vast majority are still competing for the same 9.5 million households that make more than $50,000 per year could be a risky investment.
Fortunately, it’s still possible to increase your ROI in a volatile real estate market with the help of PadSplit.
Focus on an overlooked group
With sites like PadSplit, you’re tapping into the 52 million Americans who make less than $32,000 per year—representing ⅓ of the entire US population! While they make up a huge percentage of our country, their affordable housing options are very few. Individuals who work in the community very rarely have the chance to live in the community, and when they can, rent is often extremely inflated. This provides a lucrative opportunity for Dallas real estate investors and investors in Florida.
Discover co-living with PadSplit
Rather than rely entirely on the income of one rental property, build out a multi-family rental with PadSplit and increase your income significantly without needing multiple types of rental properties. By renting multiple rooms in a co-living space, you are collecting income from multiple renters. Not only does this make losing one renter less of a hit to your net income, but it also gives multiple low-income individuals a chance to rent at a reasonable rate in a location that’s convenient and close to their place of work.
If you want to know how to find renters for your home, PadSplit attracts and screens Members while conducting background checks after receiving PadSplit com applications. The average Member tenure is eight months.
A win-win for renters and property owners
PadSplit is exploring options outside of the traditional rental space. With such a huge need for more affordable housing, our method is a win-win for renters and property owners, which is why PadSplit Google reviews are so high. Plus, we have a team dedicated to helping manage your space and the happiness of your renters, as well as multiple outside resources, contractors, and local businesses ready to help at a moment’s notice.
If you want to learn more about becoming a PadSplit Host, start hosting today and continue increasing your ROI in a volatile real estate market. Our team is here to answer your questions and help you navigate the process.