At PadSplit, our mission is to help solve the affordable housing crisis - one room at a time - while leveraging housing as a vehicle for financial empowerment. We do this by building a marketplace that enables quick and effective housing solutions for low-income workers.
Unlike other coliving companies, PadSplit is designed specifically for the workforce. We fundamentally believe that the people who serve our communities also deserve an opportunity to live in them.
PadSplit is structured as a Public Benefit Corporation, meaning that we believe it’s possible to do well and do good at the same time. Our model aligns incentives between cities that desperately require affordable housing, property owners who seek returns on investment, and individuals who need quality housing close to their jobs.
PadSplits are usually 40-50% less than the cost of a traditional studio or 1-bedroom apartment in the markets we serve. We do not require a credit score to become a Member (though our model does help our members improve their scores).
PadSplits are usually 40-50% less than the cost of a traditional studio or 1-bedroom apartment in the markets we serve. We do not require a credit score to become a Member (though our model does help our members improve their scores).
The people who serve our communities simply cannot afford to live in them.
PadSplit has helped more than 14,000 people find affordable, quality housing. We’ve built many features unique to the PadSplit experience:
PadSplit is possible because it’s profitable for real estate property owners and hosts. Our model creates more rooms per property for our property owners to rent to our members. More rooms per property means a lower rent per room while more room rental income for our owners.