Atlanta Company Enables Anyone to Rent Out the Spare Bedroom
The latest wrinkle in the coliving trend is a startup that aims to be the Airbnb of workforce housing.
PadSplit, founded in Atlanta by housing developer Atticus LeBlanc, creates affordable housing by splitting and repurposing bedrooms in existing single-family homes into units that rent for anywhere between $435 and $650 a month, including cable, Wi-Fi, utilities, and laundry.
PadSplit will handle tenant screening—background check, income verification, and credit analysis, but no formal credit check—marketing, residence screening, move-ins, collections, peer-reviews for property owners, and ongoing customer support for the metro Atlanta trial, and there is no fee for listing properties.
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