PadSplit is a real estate marketplace that converts single-family homes into shared, furnished rooms and rents them to workers seeking affordable housing. The platform lists rooms, manages listings, payments, and screening, and charges a weekly all-inclusive rent covering the room, utilities, and Wi-Fi. Property owners earn more by renting individual rooms, while tenants pay less than traditional apartments. The goal is to expand the supply of affordable, workforce housing by growing furnished, room-by-room options without new construction, using technology to streamline the process.
Company Size
201-500
Company Stage
Series B
Total Funding
$40.9M
Headquarters
Atlanta, Georgia
Founded
2017
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