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March 17, 2021 3
An example of one of the rooms in Central Virginia registered to PadSplit’s service. The startup seeks to be the Airbnb of income-based housing, matching property owners with tenants in search of accommodations. (
Photos courtesy of PadSplit)
There’s a new player in the local on-demand housing sector, one toting an Airbnb-like business model that connects property owners with low-income tenants in need of a home.
PadSplit, an Atlanta-based company, added Central Virginia to its list of markets earlier this month. The company provides an online marketplace of housing options, mainly rooms for rent for users with an average annual income of $25,000.
PadSplit brings its affordable housing marketplace to Houston
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Property owners who want to increase profits and help frontline workers can now become PadSplit hosts.
For years, Houston has created effective policies in support of affordable housing, and we’re excited to now introduce PadSplit to the market as another successful approach. HOUSTON (PRWEB) January 27, 2021 PadSplit, a mission-driven marketplace that helps solve the affordable housing crisis, is announcing its entry into the Houston metro area. PadSplit’s proven model addresses the housing crisis by aligning incentives between property owners, cities, nonprofits and individuals who seek affordable housing. As demand for affordable housing grows as a result of the pandemic, PadSplit’s launch into the market will not only provide safe, clean and affordable options for frontline workers, but also increase profitability for property o
PadSplit launches shared housing option in Houston
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Atlanta-based PadSplit has purchased several houses in the Houston market where it will be offering rooms for rent by the week at affordable rates. A shared area is shown at one of its Houston properties.PadSplitShow MoreShow Less
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Atlanta-based PadSplit has purchased several houses in the Houston market where it will be offering rooms for rent by the week at affordable rates. A shared area is shown at one of its Houston properties.PadSplitShow MoreShow Less
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Atlanta-based PadSplit has purchased several houses in the Houston market where it will be offering rooms for rent by the week at affordable rates. A shared area is shown at one of its Houston properties.PadSplitShow MoreShow Less