Atlanta Startup PadSplit Sees High Demand for Low-Cost Housing

Bloomberg (09/17/2019)
  • Atlanta startup PadSplit is turning single-family homes into pay-by-the week rental rooming houses.
  • In return for a management fee, PadSplit transforms landlord’s homes and boosts their earnings by carving interior space more efficiently.
  • Although most US cities banned single-room occupancies decades ago, PadSplit works around legal loopholes.
  • Renters get a furnished bedroom and access to bathrooms, the kitchen and laundry rooms for $40 per week.
  • While PadSplit seeks to increase affordable housing, critics complain that roomers lack legal protections and can face instant eviction.