Becoming a PadSplit host is a great way to increase your rental income by turning underutilized space into valuable rental opportunities. By converting your property into a shared housing solution, you can tap into higher occupancy rates, lower vacancy costs, and more predictable revenue streams. Instead of depending on a single tenant, you can rent out each bedroom individually, maximizing your rental potential and ensuring more consistent cash flow.
But how much could you really earn? That’s where the PadSplit earnings calculator comes in.
Discover your earning potential
With the PadSplit earnings calculator, you can quickly estimate the multi-year returns your property could generate, taking into account key metrics like net operating income (NOI) and return on cost (RoC). Whether you’re considering converting an existing rental or adding a PadSplit home to your portfolio, this tool provides you with an in-depth look at your property’s potential.
By simply inputting details—such as the number of rentable bedrooms and location—the calculator offers realistic estimates, factoring in expenses like move-in fees, concessions, and potential vacancies. It also provides multi-year projections, showing how your NOI can increase year after year as your property matures.
Give the PadSplit earnings calculator a try here.
Comparing PadSplit to traditional rentals
PadSplit provides an excellent opportunity to outperform traditional rental models. By renting out individual rooms rather than an entire property, PadSplit helps property owners maximize their earnings potential. On average, hosts earn 33% more than Airbnb hosts and 2.5x more than traditional long-term rentals. The PadSplit earnings calculator helps you visualize this potential by factoring in key variables like vacancy rates, operating costs, and projected multi-year returns.
Additionally, the PadSplit model reduces turnover-related expenses, thanks to longer tenant stays (the average stay is eight months), while maintaining higher occupancy rates compared to single-family rentals. This consistent cash flow and reduced vacancy risk make PadSplit a more stable and profitable option for property owners.
Real host success stories
“The biggest plus I’ve seen so far is income of more than two times what I would be making otherwise, which is quite significant. Another benefit that I didn’t expect was less wear and tear on the house.”
— Lisa, PadSplit Host
“The flexibility is and continues to be key for our family with three kids under the age of five.”
— Brittany, PadSplit Host
Lisa doubled her rental income after switching her properties to PadSplit. She not only increased her earnings but also reduced maintenance costs thanks to her responsible PadSplit Members. Brittany and her husband Derrick experienced similar success, with 11 properties on PadSplit maintaining an impressive 96% occupancy rate. Both hosts have found that PadSplit offers more stability and ease than other rental models, like Airbnb.
Risk mitigation made simple
A common concern among property owners is the risk of tenant disputes, missed payments, and property damage. With PadSplit, these risks are minimized thanks to our full-service approach. We handle tenant screening, rent collection, and even resident dispute resolution, taking much of the hassle out of property management. By partnering with PadSplit, you can focus on enjoying the benefits of your rental income without the day-to-day stress of managing a property.
Additionally, our hosts avoid the challenges of constant cleaning and turnover that short-term rentals like Airbnb often face. PadSplit’s member management system helps ensure a smoother, more stable rental experience.
“When you’re renting a property on a traditional whole-house basis, all your eggs are in one basket. If that relationship goes sour, you’re in trouble. With PadSplit, there isn’t as much of a hit if and when a Member moves outs.”
— David, PadSplit Host
Community impact: Serve essential workers and address the housing crisis
When you choose to become a PadSplit host, you’re not just maximizing your rental income—you’re also playing a crucial role in solving the affordable housing crisis. PadSplit homes provide affordable, flexible housing to essential workers and community members who need it most, including teachers, healthcare workers, and those working in the gig economy. By offering your property as a PadSplit home, you can help create a stronger, more inclusive community while also boosting your earnings.
“Providing stability to the members in our home—that’s the big motivating factor for why we work with PadSplit.”
— Jennifer and Hunter, PadSplit Hosts
Flexibility for hosts
One of the standout features of the PadSplit model is its flexibility for both tenants and hosts. As a host, you can avoid the constraints of long-term lease agreements, which means you retain more control over your property. This flexibility, combined with PadSplit’s efficient property management services, makes it an ideal choice for hosts looking for higher returns with lower effort.
Tax benefits and cost savings
Beyond the potential for higher rental income, converting your property into a PadSplit home may offer additional tax benefits. By renting rooms individually, hosts can often claim more deductions related to property management, utilities, and maintenance. Plus, with PadSplit handling tenant management, you save time and money on property upkeep. Be sure to consult a tax professional to explore all the potential financial advantages.
A transparent view of your property’s profitability
The PadSplit calculator is designed to be simple yet comprehensive, offering a clear and unbiased overview of your property’s income potential. Our goal is to ensure that you, as a property owner, make the best decision for your investment. By reviewing the data, you can weigh the pros and cons of converting your property into a PadSplit home with confidence.
Why PadSplit is a smart choice for property owners
With the housing affordability crisis continuing to impact many metro areas, PadSplit is uniquely positioned to offer solutions that benefit both property owners and communities. By converting existing homes into shared rental spaces, you can provide much-needed affordable housing while boosting your rental income.
Plus, as a PadSplit host, you get access to our comprehensive property management services, including marketing, tenant screening, rent collection, and dispute resolution. These services not only make the hosting process easier but also increase your property’s profitability by reducing the hassle of day-to-day management.
Ready to get started?
Interested in learning more about how PadSplit can transform your rental property into a high-performing asset? Here’s what you can do next:
- Try our Earnings Calculator to see potential earnings for your property.
- Schedule a call with a PadSplit account executive or join a webinar to learn more.
- Check out our PadSplit vs Airbnb comparison to see how our model stacks up.
Learn more about how to list your property and explore PadSplit Host Success Stories to see how others are boosting their income while helping solve the housing crisis.
