Is Padsplit worth it?

[Brandon Rush]

Hey team,

I'm looking into buying a property in ATL and using it as a Padsplit because I love the potential to make greater returns with their rent-by-the-room model.

The big hesitation for me is that they screen and place tenants, but don't manage evictions. Giving someone control over who gets into my property while maintaining responsibility of kicking people out seems a bit risky. The rep says that evictions only happen 3% of the time. That's low, but not zero!

I haven't heard from an actual owner of a Padsplit (reviews from tenants are hit or miss). So, would love to hear from this investor community!