Question 1

How does PadSplit work?

Accepted Answer

PadSplit is a shared housing 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-winning model aligns incentives for property owners, cities, businesses and workers. PadSplit handles all Member management, including marketing the properties, screening applicants, collections, and resident disputes, and owners avoid the constant cleanings and turnover of short-term rentals. Owners who manage properties through PadSplit have seen their NOI double while experiencing lower turnover rates thanks to our pre-screened Member pool.

Question 2

Why do we need our Vendor Network?

Accepted Answer

PadSplit needs our Vendor Network to improve our customer experience and expedite the process of opening a new PadSplit property. Our goal is to have vendors of all types covering our entire national footprint. Vendors that offer timely service, clear communication, and ensure the quality of their work will win the most business.

Question 3

How long has PadSplit been around?

Accepted Answer

Founded in 2017 by Atticus LeBlanc, a housing advocate and investor since 2008, PadSplit is a shared housing marketplace that provides housing specifically designed for the workforce. Our award-winning model allows individuals to find a flexible, long-term rental option that includes furniture, utilities, and access to public transit — all without a minimum credit score. PadSplit’s technology platform also enables personalized rent payments that facilitate easier budgeting and allow residents to improve their financial health. Since our start in Atlanta we have grown to more than 500 properties housing 3,000+ Members, and we have plans to accelerate our expansion into new markets. Our platform currently features more than 200 property owners and investors, and the number continues to grow each week.

Question 4

What is the cost of being a part of the Vendor Network?

Accepted Answer

There is no cost to be in the Vendor Network, and we don’t take a percentage of your revenue if you are a general contractor, property manager, photographer, or real estate agent. We share revenue with lenders and other vendor types. We want to work with the best and continue to grow PadSplit. It’s a win-win for like-minded vendors!

Question 5

Who do I work for and how do I get paid?

Accepted Answer

Our Vendor Network works directly for the property owners. Payment terms are up to the vendor and property owner/investor.

Question 6

How do I get introduced to potential clients?

Accepted Answer

After completing the PadSplit Vendor Network application and training process, you will be introduced to the local sales executive and market launcher who handle our property investor relationships. Sales executives and our market launch team will recommend your company to our investors. PadSplit property owners and investors can also find your contact information on our website and contact you directly after they create a padsplit.com host account.