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Updated 10 months ago, 03/02/2024
Arizona Market Alternative
For those that are interested in the rent by room model you may have heard the news. Padsplit started up in Arizona at the beginning of 2023.
Co-living or rent by room is not new to Arizona. Several investors have houses there and rent by the room, but I decided to try it out. I have one property there and so far it is great. I am looking for a few more to add rooms to and get them up and running. I have enough capital to do 3 or maybe 4 more and then I am out of funds. In the future I would love to network with those interested and show my books to see what they think.
As of this post AZ Padsplit states they have:
294 active units
77 upcoming units
Demand 12,104 searches in the past 30 days
Happy investing - Jarrod
Note: I live in Oregon, house with actual real green grass, but invest in Arizona. :)