PadSplit / Co-Living- Florida

Medium-Term Rentals
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PadSplit / Co-Living- Florida

Matthew Francese
Investor · Palm Beach County · Member since 2023 · 2 posts · 1 vote

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!

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Ray Nunez
Specialist · Orlando Florida · Member since 2021 · 5 posts · 9 votes
2y

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. 

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  • Alice Horn
    Property Manager · Kissimmee, FL · Member since 2019 · 445 posts · 266 votes
    2y
    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.

    0Reply
  • Tim J.
    Investor · Vermont and New York · Member since 2023 · 308 posts · 309 votes
    2y
    You should go into by-the-room rentas with your eyes open.  It is different than simple LTR or STR.  

    One thing I do for investigating a market is place ads on craigslist and FB.  You can judge the demand fairly easily. 
    0Reply
  • Ray Nunez
    Specialist · Orlando Florida · Member since 2021 · 5 posts · 9 votes
    2y

    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. 

    4Reply
  • Adrian Lammersdorf-SciollBusiness Member
    Realtor · FL · Member since 2020 · 221 posts · 101 votes
    2y

    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.

    [email protected]561-305-2404
    Thomas Lynne Realty527 Reviews
    WebsiteView Page
    2Reply
  • Ray Nunez
    Specialist · Orlando Florida · Member since 2021 · 5 posts · 9 votes
    2y

    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.

    3Reply
  • Clara Cheng
    Investor · Los Angeles CA, USA · Member since 2024 · 5 posts · 0 votes
    2y

    @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? 

    0Reply
  • Julian Broyles
    Phoenix, AZ · Member since 2021 · 73 posts · 17 votes
    2y
    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?

    0Reply
  • Puja Varude
    Member since 2026 · 13 posts · 4 votes
    8mo
    0Reply
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