PadSplit - Any hosts in FL?

Question

Hi everyone,

I attended BPCon last year here in Orlando and PadSplit was one of the hot topics. BUT...I haven't seen much discussion about PadSplit here on the forums. If you are a PadSplit investor, how has it been performing for you? What is your experience with the platform? How is their customer support? I'm curious to hear your actual experiences!

If you are using PadSplit here in Central Florida (the Orlando/Tampa I4 corridor and surrounding areas) would especially love to hear your experience! Seems like there is a big need around here for workforce housing from Amazon employees, hospitality, nurses and more.

Always looking for new strategies for our investors, and for us.

Atticus LeBlanc · Answer

PadSplit has over 320 rooms occupied in Orlando right now, over 700 in Jax, and over 800 in Tampa. Rented rooms just aren't shown on the site.  @Nick Huffman I started renting rooms in 2009, and PadSplit was just created to do the things that made room rentals so operationally intensive as an independent investor.   Think of anything that a normal landlord either cannot do or wouldn't want to do on their own. There's listing a room on the social or listing sites, but then there's sifting through all the folks that aren't serious or don't show up for tours.  Average time to book or rebook a room through PS is <7 days across all markets, faster in places like Tampa or ATL.  PS also handles all billings/collections, and has a bunch of tools and service to deal with communication and resident/resident escalations, and has built an ecosystem of vendors in core markets to support pretty much anything you'd need.

Alice Horn · Answer

With hospitality workers, Amazon warehouses, teachers, nurses, college students and many others desperately in need of affordable housing, the market itself is enormous. I believe it's more likely that brand awareness for the Padsplit platform isn't there yet and most people are looking to FB, Craigslist etc. to find rooms or affordable places to live. Having said that, I feel this will catch on, just because the need is so vast.

Alice Horn · Answer

Hey @Tyler Gibson! Sure, sounds great. I’ll send you an email.

Nick Huffman · Answer

Oh, I agree with you 100% either this will take off like rocket or dwindle out like all the others that have come before it. When someone can basically be a FSBO for their own property on The other socials like you mentioned and that is working. Why would they want to have to pay out another business? Facebook groups for all of those people mentioned is where you can get your place rented easily, its just hard to do per room.

Nick Huffman · Answer

I was actually looking into this for one of my properties as well. Looks like there is a couple of different homes on it in orlando but not fully rented which I think there just isn't the market for it yet here?

Tyler Gibson · Answer

Perfect!

Tyler Gibson · Answer

I know some folks and know the national and regional sales reps. Happy to get you connected.

PadSplit - Any hosts in FL?

Most Popular Reply