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House
Flipping 2.0:

Co-Living
with PadSplit

Earn money on your property with PadSplit while waiting to flip your house.

While you're waiting out the market to flip your house, earn money by renting it. PadSplit connects property owners with pre-screened residents seeking an affordable place to live.

We help real estate investors leverage under-utilized space in their existing properties: making it more profitable for you and more affordable for community members.

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House flipping market with graphics
House flips as a percentage of all sales
House flipping is on the rise across the United States. The first quarter of 2022 saw a nearly 7% increase from the previous quarter. Out of the 5 to 6 million homes sold per year, this graph shows how many of them are flips.
House flipping in the news
“With mortgage rates and labor costs rising, it’s becoming increasingly expensive to flip a house. Add falling home prices and low inventory to that mix, and it becomes a toxic situation for even the most experienced of flippers.” - Yahoo! Finance
“America’s housing slowdown is upending the real estate industry and chilling sales as both buyers and sellers pull back. But it’s a particularly big blow to flippers, from property rookies to giant iBuyers like Opendoor Technologies Inc., who are taking losses on quick deals in hopes of heading off problems before they get worse.” - Bloomberg
“Flippers, who were readily turning profits just months ago, have now been caught by the housing market’s pivot as homebuyers reel from mortgage rates approaching 7 percent, according to Bloomberg.” - New York Real Estate News
“Buyers face very different choices than they had a few months ago. They have more options and can be pickier right now. However, higher interest rates mean you will be paying more on your month-to-month mortgage… and potentially over the life of the loan.” - 12News
How PadSplit compares
We capture under-utilized space to provide more rooms within the same home.
Before
$1,405
Monthly rent
4 bed 3 bath
beforeafter
After
$2,593
Monthly rent
7 bed 3 bath
See income breakdown
How it works
Step 1
Step 1
Schedule a call with us
We’ll get to know you, your property, and share more about the PadSplit process.
Step 2
Step 2
Get your home PadSplit-ready
Our team can introduce you to contractors who will optimize your home for more space — and more income.
Step 3
Step 3
List your home on our platform
We'll put your property in front of potential members, verify identity and income, and perform background checks.
Step 4
Step 4
Start earning
Receive payments from PadSplit, get expert support, and start earning more income for your property.
People are talking about us
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Affordable Housing Solution of the Year
PropTech
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Pacesetter Awards
Atlanta Business Chronicle
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2021 Fire Awards
Atlanta Inno
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Top 10 Innovative Technology Companies in Georgia
TAG
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Inc. Best in Business
Inc. Magazine

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Mike O.
Host since 2020
“The company’s mission to leverage housing as a vehicle for financial independence is a great one. The best thing about PadSplit is the cash flow, which has far and away been better pound-for-pound than anything else that I've experienced. It’s just fantastic.”
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Daryl D.
Host since 2019
“The cash flow is the biggest win. I’ve doubled my net returns on PadSplit properties. It used to be a 30-year plan to pay off a property, but with PadSplit, now it’s a fraction of that.”
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Tiffany R.
Host since 2019
“The benefits of PadSplit? It was easy to get started. The communication was great, and the opportunity to create and earn passive income while creating affordable housing for members of my community who look like me has been wonderful.”
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Lisa C.
Host since 2020
“PadSplit is a win-win for everybody. It provides low income housing that’s so desperately needed right now while also helping landlords pay their mortgage, taxes and insurance, because that's been the biggest challenge that landlords have had.”
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Gavin L.
Host since 2020
“I’ve been impressed with the PadSplit staff and their care and attention to Members. The mission of the company hasn’t been lost two/three layers down, and I see the values have permeated the culture.”
Why you should partner with us
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Simplified screening
We advertise your listings, find residents, run background checks, and verify income and employment.
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Reduced vacancy costs
We minimize your vacancy costs and increase occupancy rates to provide you with a steady stream of income.
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Resident management
We staff a dedicated call center for resolving resident disputes – because we understand that’s the last call you want to field as a landlord.
Let’s increase your
income
Common questions
How does PadSplit screen Members?
We’re looking for independent, responsible, and respectful Members who are ready to take ownership of their lives and willing to live in a shared community. All Members must undergo a background check for the safety of other PadMates and meet our approval criteria, including providing verification of their employment. Members also agree to Membership Rules and are eligible for fines and/or strikes if they violate a rule.
What furnishings are required? What are best practices for furnishing common areas?
What is PadSplit's occupancy rate, and what is the average tenure for members?
Why should I choose PadSplit instead of the traditional rental or Airbnb model?
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Still have questions?