Skip to content
Market Trends & Data

User Stats

45
Posts
23
Votes
Bailey Coleman
  • Investor
23
Votes |
45
Posts

Pad Split In Cleveland?

Bailey Coleman
  • Investor
Posted Sep 10 2023, 20:39

Has anyone done a pad split in Cleveland Ohio? I am thinking about buying this 8 bedroom 3 bathroom house in Cle. There is a good amount of square footage and it is a single family house. Instead of converting into a multi family I was exploring other options. If I kept it as a single family, 8 bedrooms is a lot to rent it out to a regular tenant so I was thinking about doing a pad split instead. What has been your experience with pad split in the Cleveland market and would you recommend it? 

*For those of you who don't know pad split is a platform where you can rent you each room individual to tenants. They are most ideal when you have a lot of rooms 

User Stats

1,602
Posts
1,623
Votes
Marc Rice
  • Real Estate Agent
  • Columbus, OH
1,623
Votes |
1,602
Posts
Marc Rice
  • Real Estate Agent
  • Columbus, OH
Replied Sep 11 2023, 05:07
Quote from @Bailey Coleman:

Has anyone done a pad split in Cleveland Ohio? I am thinking about buying this 8 bedroom 3 bathroom house in Cle. There is a good amount of square footage and it is a single family house. Instead of converting into a multi family I was exploring other options. If I kept it as a single family, 8 bedrooms is a lot to rent it out to a regular tenant so I was thinking about doing a pad split instead. What has been your experience with pad split in the Cleveland market and would you recommend it? 

*For those of you who don't know pad split is a platform where you can rent you each room individual to tenants. They are most ideal when you have a lot of rooms 


 Is this the same as a "rooming house"?

User Stats

26,845
Posts
18,135
Votes
James Wise#1 Classifieds Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
18,135
Votes |
26,845
Posts
James Wise#1 Classifieds Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied Sep 11 2023, 07:19
Quote from @Bailey Coleman:

Has anyone done a pad split in Cleveland Ohio? I am thinking about buying this 8 bedroom 3 bathroom house in Cle. There is a good amount of square footage and it is a single family house. Instead of converting into a multi family I was exploring other options. If I kept it as a single family, 8 bedrooms is a lot to rent it out to a regular tenant so I was thinking about doing a pad split instead. What has been your experience with pad split in the Cleveland market and would you recommend it? 

*For those of you who don't know pad split is a platform where you can rent you each room individual to tenants. They are most ideal when you have a lot of rooms 


 All you're gonna get is undesirables. Junkies, hookers, felons etc....

BiggerPockets logo
BiggerPockets
|
Sponsored
Find an investor-friendly agent in your market TODAY Get matched with our network of trusted, local, investor friendly agents in under 2 minutes

User Stats

616
Posts
656
Votes
Alfath Ahmed
  • Real Estate Agent
  • Columbus, OH
656
Votes |
616
Posts
Alfath Ahmed
  • Real Estate Agent
  • Columbus, OH
Replied Sep 11 2023, 10:42
Quote from @Bailey Coleman:

Has anyone done a pad split in Cleveland Ohio? I am thinking about buying this 8 bedroom 3 bathroom house in Cle. There is a good amount of square footage and it is a single family house. Instead of converting into a multi family I was exploring other options. If I kept it as a single family, 8 bedrooms is a lot to rent it out to a regular tenant so I was thinking about doing a pad split instead. What has been your experience with pad split in the Cleveland market and would you recommend it? 

*For those of you who don't know pad split is a platform where you can rent you each room individual to tenants. They are most ideal when you have a lot of rooms 


 I would look into the Columbus market. It's known for it's strong appreciation factor, low taxes, and also because it is a land-lord friendly state.

Have you invested in the Cleveland or Columbus market before?

User Stats

247
Posts
236
Votes
Ben Firstenberg
  • Investor
  • Cleveland
236
Votes |
247
Posts
Ben Firstenberg
  • Investor
  • Cleveland
Replied Sep 11 2023, 10:57

Padsplit hasn't launched in Cleveland yet, so you won't be able to use their platform. You could possibly explore a similar platform, I'm not sure. 

To be honest, I don't think Padsplit would be as successful in Cleveland. It's huge in Atlanta because it's hard to find apartments in Atlanta for under $1200/month, so getting a Padsplit at $700/month is pretty attractive. But in Cleveland there are lots of places where you can get a studio for $600/month or less. (I know because I own one) So Padsplit would have to be much cheaper than that and I'm not sure it would be worth it at that point. 

Hope that helps. Happy to talk further. 

User Stats

770
Posts
717
Votes
Simon Ashbaugh
  • Realtor
  • Columbus Ohio, Cleveland Ohio
717
Votes |
770
Posts
Simon Ashbaugh
  • Realtor
  • Columbus Ohio, Cleveland Ohio
Replied Sep 11 2023, 11:21
Quote from @Bailey Coleman:

Has anyone done a pad split in Cleveland Ohio? I am thinking about buying this 8 bedroom 3 bathroom house in Cle. There is a good amount of square footage and it is a single family house. Instead of converting into a multi family I was exploring other options. If I kept it as a single family, 8 bedrooms is a lot to rent it out to a regular tenant so I was thinking about doing a pad split instead. What has been your experience with pad split in the Cleveland market and would you recommend it? 

*For those of you who don't know pad split is a platform where you can rent you each room individual to tenants. They are most ideal when you have a lot of rooms 


 Where in Cleveland? I generally recommend against renting by room. It tends to draw very troublesome tenants. most of em end up as crack houses with a lot of maintenance problems and expensive turns. 

User Stats

45
Posts
23
Votes
Bailey Coleman
  • Investor
23
Votes |
45
Posts
Bailey Coleman
  • Investor
Replied Sep 11 2023, 11:24
Quote from @Alfath Ahmed:
Quote from @Bailey Coleman:

Has anyone done a pad split in Cleveland Ohio? I am thinking about buying this 8 bedroom 3 bathroom house in Cle. There is a good amount of square footage and it is a single family house. Instead of converting into a multi family I was exploring other options. If I kept it as a single family, 8 bedrooms is a lot to rent it out to a regular tenant so I was thinking about doing a pad split instead. What has been your experience with pad split in the Cleveland market and would you recommend it? 

*For those of you who don't know pad split is a platform where you can rent you each room individual to tenants. They are most ideal when you have a lot of rooms 


 I would look into the Columbus market. It's known for it's strong appreciation factor, low taxes, and also because it is a land-lord friendly state.

Have you invested in the Cleveland or Columbus market before?


 I am investing in Cleveland currently. Have BRRRRed multi properties this year in Cle. I am definitely  interested in the Columbus area and would like to start in 2024 out there after I get a few more under my belt in Cle. 

User Stats

45
Posts
23
Votes
Bailey Coleman
  • Investor
23
Votes |
45
Posts
Bailey Coleman
  • Investor
Replied Sep 11 2023, 11:27
Quote from @Ben Firstenberg:

Padsplit hasn't launched in Cleveland yet, so you won't be able to use their platform. You could possibly explore a similar platform, I'm not sure. 

To be honest, I don't think Padsplit would be as successful in Cleveland. It's huge in Atlanta because it's hard to find apartments in Atlanta for under $1200/month, so getting a Padsplit at $700/month is pretty attractive. But in Cleveland there are lots of places where you can get a studio for $600/month or less. (I know because I own one) So Padsplit would have to be much cheaper than that and I'm not sure it would be worth it at that point. 

Hope that helps. Happy to talk further. 


Okay thanks for the feedback, very helpful. This makes sense. Keeping an 8 bedroom SFR I believe would also be hard to rent to a long term tenant as the demand for that many bedrooms would be lower as I would image as most people do not need that many bedrooms.

User Stats

45
Posts
23
Votes
Bailey Coleman
  • Investor
23
Votes |
45
Posts
Bailey Coleman
  • Investor
Replied Sep 11 2023, 11:29
Quote from @Simon Ashbaugh:
Quote from @Bailey Coleman:

Has anyone done a pad split in Cleveland Ohio? I am thinking about buying this 8 bedroom 3 bathroom house in Cle. There is a good amount of square footage and it is a single family house. Instead of converting into a multi family I was exploring other options. If I kept it as a single family, 8 bedrooms is a lot to rent it out to a regular tenant so I was thinking about doing a pad split instead. What has been your experience with pad split in the Cleveland market and would you recommend it? 

*For those of you who don't know pad split is a platform where you can rent you each room individual to tenants. They are most ideal when you have a lot of rooms 


 Where in Cleveland? I generally recommend against renting by room. It tends to draw very troublesome tenants. most of em end up as crack houses with a lot of maintenance problems and expensive turns. 


Near Edgewater. I agree this could attract troublesome tenants. On the flip side I do not think renting it to a regular long term tenant would work either as most tenants are not looking for an 8 bedroom SFR. I may look into converting it into a multi family

User Stats

770
Posts
717
Votes
Simon Ashbaugh
  • Realtor
  • Columbus Ohio, Cleveland Ohio
717
Votes |
770
Posts
Simon Ashbaugh
  • Realtor
  • Columbus Ohio, Cleveland Ohio
Replied Sep 11 2023, 11:33
Quote from @Bailey Coleman:
Quote from @Simon Ashbaugh:
Quote from @Bailey Coleman:

Has anyone done a pad split in Cleveland Ohio? I am thinking about buying this 8 bedroom 3 bathroom house in Cle. There is a good amount of square footage and it is a single family house. Instead of converting into a multi family I was exploring other options. If I kept it as a single family, 8 bedrooms is a lot to rent it out to a regular tenant so I was thinking about doing a pad split instead. What has been your experience with pad split in the Cleveland market and would you recommend it? 

*For those of you who don't know pad split is a platform where you can rent you each room individual to tenants. They are most ideal when you have a lot of rooms 


 Where in Cleveland? I generally recommend against renting by room. It tends to draw very troublesome tenants. most of em end up as crack houses with a lot of maintenance problems and expensive turns. 


Near Edgewater. I agree this could attract troublesome tenants. On the flip side I do not think renting it to a regular long term tenant would work either as most tenants are not looking for an 8 bedroom SFR. I may look into converting it into a multi family


 Convert, or take out some walls and have 4 large bedrooms. Or something similar. Edgewater is decent but still a high risk roll.

User Stats

770
Posts
717
Votes
Simon Ashbaugh
  • Realtor
  • Columbus Ohio, Cleveland Ohio
717
Votes |
770
Posts
Simon Ashbaugh
  • Realtor
  • Columbus Ohio, Cleveland Ohio
Replied Sep 11 2023, 11:38

Actually, i just found it, they are pretty small rooms. With the layout, i think it would make the most sense to go for 4-6 larger rooms.

User Stats

45
Posts
23
Votes
Bailey Coleman
  • Investor
23
Votes |
45
Posts
Bailey Coleman
  • Investor
Replied Sep 11 2023, 12:23
Quote from @Marc Rice:
Quote from @Bailey Coleman:

Has anyone done a pad split in Cleveland Ohio? I am thinking about buying this 8 bedroom 3 bathroom house in Cle. There is a good amount of square footage and it is a single family house. Instead of converting into a multi family I was exploring other options. If I kept it as a single family, 8 bedrooms is a lot to rent it out to a regular tenant so I was thinking about doing a pad split instead. What has been your experience with pad split in the Cleveland market and would you recommend it? 

*For those of you who don't know pad split is a platform where you can rent you each room individual to tenants. They are most ideal when you have a lot of rooms 


 Is this the same as a "rooming house"?



In a pad split , the tenants share kitchen and often bathroom facilities. So yes it is the same idea but through the platform called pad split. Ideally it's for young adults that want to pay cheaper rent and rent by the room . I don't think it's as popular in Cleveland though. Considering everyone's feedback instead of renting by the room, I would either convert into a multi family or just knock down some walls to make the rooms bigger 

User Stats

1,602
Posts
1,623
Votes
Marc Rice
  • Real Estate Agent
  • Columbus, OH
1,623
Votes |
1,602
Posts
Marc Rice
  • Real Estate Agent
  • Columbus, OH
Replied Sep 11 2023, 12:35
Quote from @Bailey Coleman:
Quote from @Marc Rice:
Quote from @Bailey Coleman:

Has anyone done a pad split in Cleveland Ohio? I am thinking about buying this 8 bedroom 3 bathroom house in Cle. There is a good amount of square footage and it is a single family house. Instead of converting into a multi family I was exploring other options. If I kept it as a single family, 8 bedrooms is a lot to rent it out to a regular tenant so I was thinking about doing a pad split instead. What has been your experience with pad split in the Cleveland market and would you recommend it? 

*For those of you who don't know pad split is a platform where you can rent you each room individual to tenants. They are most ideal when you have a lot of rooms 


 Is this the same as a "rooming house"?



In a pad split , the tenants share kitchen and often bathroom facilities. So yes it is the same idea but through the platform called pad split. Ideally it's for young adults that want to pay cheaper rent and rent by the room . I don't think it's as popular in Cleveland though. Considering everyone's feedback instead of renting by the room, I would either convert into a multi family or just knock down some walls to make the rooms bigger 


 Gotcha, this usually makes sense when 1bd/studios exceed $1500-2500/mo so rent by the bedroom is needed. I'd only do this in nicer A/B class areas.

User Stats

218
Posts
176
Votes
Replied Sep 13 2023, 17:06
Quote from @Bailey Coleman:
 Near Edgewater. I agree this could attract troublesome tenants. On the flip side I do not think renting it to a regular long term tenant would work either as most tenants are not looking for an 8 bedroom SFR. I may look into converting it into a multi family 

If this was near Case Western Reserve or Kent State, or another big college thirsty for rooms, say “Yes”. 

An 8 BR place near Edgewater? I assume it’s one of those older, giant homes near Edgewater and Lakewood where the rooms are tiny. You can call the city to see if it can be converted but I assume “no”. They probably want those old homes to remain as-is for pseudo historical purposes.

If it can be a duplex, calculate the cost to see if it is worth it.

If it is on Clifton or Lake Ave, it might make it as a SF. Further inland from the beach? Not so much.

User Stats

14
Posts
12
Votes
Bernie Cesareo
  • Investor
  • Medina, OH
12
Votes |
14
Posts
Bernie Cesareo
  • Investor
  • Medina, OH
Replied Mar 1 2024, 12:05

Bailey, Are you still considering this, I am currently considering this strategy myself...and would love to discuss with you!

User Stats

26,845
Posts
18,135
Votes
James Wise#1 Classifieds Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
18,135
Votes |
26,845
Posts
James Wise#1 Classifieds Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied Mar 1 2024, 13:39
Quote from @Bailey Coleman:
Quote from @Marc Rice:
Quote from @Bailey Coleman:

Has anyone done a pad split in Cleveland Ohio? I am thinking about buying this 8 bedroom 3 bathroom house in Cle. There is a good amount of square footage and it is a single family house. Instead of converting into a multi family I was exploring other options. If I kept it as a single family, 8 bedrooms is a lot to rent it out to a regular tenant so I was thinking about doing a pad split instead. What has been your experience with pad split in the Cleveland market and would you recommend it? 

*For those of you who don't know pad split is a platform where you can rent you each room individual to tenants. They are most ideal when you have a lot of rooms 


 Is this the same as a "rooming house"?



In a pad split , the tenants share kitchen and often bathroom facilities. So yes it is the same idea but through the platform called pad split. Ideally it's for young adults that want to pay cheaper rent and rent by the room . I don't think it's as popular in Cleveland though. Considering everyone's feedback instead of renting by the room, I would either convert into a multi family or just knock down some walls to make the rooms bigger 


 You know what is popular in Cleveland? Fentanyl, and your house is gonna be full of it if you rent by the room.