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Updated 11 months ago on . Most recent reply
PadSplit / Co-Living- Florida
Hello everyone! I have a couple questions for the community about the upcoming opportunities that PadSplit gives in the market of affordable housing. I actually am located in Palm Beach County in South Florida and love the area. PadSplit / co-living are just now becoming popular around this area but the problem is determining the rents so I can perform my underwriting accurately. Aside from looking at other local PadSplits in the area, what are some other forms of identifying current market rents for rooms in an area that is not prevalent in PadSplits currently.
Anything helps, thanks!
Most Popular Reply
Im happy to explain PadSplit further. I live in Orlando and I work for PadSplit. I opened all of their florida markets and ive helped the company expand Florida to be the most successful state in the country. I also own 47 doors on the platform as an investor myself. I am happy to expand on topics of rates, cities, etc.
Quote from @Matthew Francese:
Hello everyone! I have a couple questions for the community about the upcoming opportunities that PadSplit gives in the market of affordable housing. I actually am located in Palm Beach County in South Florida and love the area. PadSplit / co-living are just now becoming popular around this area but the problem is determining the rents so I can perform my underwriting accurately. Aside from looking at other local PadSplits in the area, what are some other forms of identifying current market rents for rooms in an area that is not prevalent in PadSplits currently.
Anything helps, thanks!
I am curious about learning the market as well. I went on FB Marketplace and set up a search for room rentals in my area. Now I get alerts whenever a new one comes on board, along with the rental amount. Also I just read an article about Gen Z - while they don't use FB as a social platform, they heavily use FB Marketplace according to the article. Food for thought.
- Alice Horn
- alice@myvillakey.com
One thing I do for investigating a market is place ads on craigslist and FB. You can judge the demand fairly easily.
Im happy to explain PadSplit further. I live in Orlando and I work for PadSplit. I opened all of their florida markets and ive helped the company expand Florida to be the most successful state in the country. I also own 47 doors on the platform as an investor myself. I am happy to expand on topics of rates, cities, etc.
I'd definitely give Ray ^^^^ a call and talk to him. He is an incredible resource for padsplit. He also has a group on FB that you can follow.
- Adrian Lammersdorf-Scioll
- alammersdorf428@gmail.com
- 561-305-2404
Thanks @Adrian for the validation. Yeah I do also have a PadSplit Podcast as well as a Facebook group for hosts and investors to network.
@Ray Nunez hey ray! I'm super interested in learning about padsplit too and i'd love to check out your podcast and FB group - mind sending it over to me?
Quote from @Ray Nunez:
Im happy to explain PadSplit further. I live in Orlando and I work for PadSplit. I opened all of their florida markets and ive helped the company expand Florida to be the most successful state in the country. I also own 47 doors on the platform as an investor myself. I am happy to expand on topics of rates, cities, etc.
Hey brother. Does pad split offer midterm rental assistance now?