How do I maximize my returns as a Host?

To maximize returns with PadSplit, we encourage Hosts to:

Create a comfortable living environment for Members (things like: room count, lock choices, extra refrigerators, lighting and paint choices, etc.) Check out these blog posts for more:

 7 Features for Co-Living Properties 

 7-Must Haves for Co-Living Kitchen 

 PadSplit Operator’s Guide 

Prioritize the Member experience(🔥 Important):

Provide a positive move-in experience for your Members (🔥 Important)

Make sure lock codes are accurate and communicate with Members on the day of move-in

Respond quickly to maintenance requests (🔥 Important)

Prevent maintenance issues by avoiding these

and considering these important

.

 9 Common PadSplit Renovation Mistakes  safety features 

Keep an eye on Member ratings/issues in the house and

Minimize roommate conflict by considering these

 6 Ways to Minimize Co-Living Conflict 

 rate your Members 

Communicate clearly and often with Members

Visit your PadSplits on a regular basis to stay ahead of unreported issues

Leverage payment extension programs such as

when Members might need an extra hand catching up with payments. These have been proven to extend tenure and increase revenue

 member reinstatements 

Make sure your PadSplits are managed well:

Put your best foot forward in property listings to make them stand out to Members. Consider these

(🔥 Important)

 11 Strategies for Increased Bookings w/PadSplit  

Make sure your PadSplit Listings stand out to improve bookings:

.

If you’re working with a property manager, be sure you’ve set the right expectations and incentives in place. Co-living can come with unique challenges. It’s important that property managers understand this and are equipped with the resources they need to manage properties effectively. Check our our  Guidance on Hiring a Property Manager 

Incentivize Property Managers: