Fort Worth (TX) - PadSplit a viable option?
Hey BP folks,
I currently have a duplex in Fort Worth (TX) that has 3 bed / 3 bath on each side with ample parking (corner lot). I’m giving serious consideration to converting into a PadSplit.
However, I have heard that Fort Worth (the city, Tarrant County, the faceless boogey man…) has issues with PadSplit whereas Dallas County is supportive.
I would love to hear about your experiences between the two markets and if Fort Worth can be viable for PadSplit and anything I should be mindful of?
Thanks,
James
Most Popular Reply
Thanks for tagging me @Denver McClure. @James Dugan, Fort Worth has been known to crack down on PadSplits, but I do have several clients that are successfully operating there regardless. I had a client who actually decided to pursue converting the house to a boarding house to avoid any problems in the future. I think he's in the process right now so I'm not sure how it's turned out, but last time I spoke with him it seemed that it was going well.
I always tell people looking to do co-living that there is a certain amount of risk that you have to be willing to take on. And yes, you're probably more likely to run into an issue in Fort Worth than you would be in Dallas. Make sure you have other exit strategies in place, Fort Worth allows up to 5 unrelated people last time I checked.