#545: Padsplit Shows Denver Landlords A Better Way To Manage Rent by Room Rentals

Denver Investment Real Estate

Looking for stronger cash flow in today’s high-price, high-rate market? Join us as PadSplit founder Atticus LeBlanc and Account Manager Nick Bowers introduce their proven rent by room rental management system to Denver that typically doubles NOI compared to traditional single-family rentals.

We analyze a real Westminster property that was converted from 5 to 8 bedrooms, generating $76,000 in annual income and an 11.6% cap rate through self-management. Then discover how PadSplit’s professional management platform can deliver similar returns without the hands-on work.

In this data-driven discussion, Atticus shares how PadSplit evolved from managing rent by room rentals in Atlanta to now overseeing 16,000 units across 21 markets. You’ll discover why rent by room properties often have lower maintenance costs than traditional rentals, with median vacancies of just 8 days and average turn costs under $100.

Nick walks through his journey from PadSplit investor to team member, providing practical insights on:

• Converting existing properties for maximum returns
• Working with PadSplit’s network of local vendors
• Managing rent by room properties efficiently through their platform
• Creating housing that serves both investors and residents

Perfect for busy professionals interested in scaling their portfolios, this episode breaks down how PadSplit handles the complex aspects of rent by room management – from marketing to payment processing to resident screening – while helping investors achieve strong returns without self-managing.

Whether you’re an experienced investor looking to optimize returns or a house hacker exploring ways to maximize your primary residence, learn how PadSplit’s proven model can help you better manage rent by room rentals in the Denver market while maintaining professional distance.

https://youtu.be/uo8A_yvFIT4

Timestamps

(02:41) The Birth of PadSplit and Its Mission
(11:31) The Value Proposition of PadSplit for Investors
(18:13) Nick’s Journey as an Investor and Transition to PadSplit
(21:29) Room-by-Room Rental Best Practices
(41:56) Analyzing Room-by-Room Rental Economics
(58:39) The Social Impact of Housing Solutions

Links from Podcast

• Explore PadSplit’s management platform: padsplit.com
• Follow PadSplit’s latest updates on Instagram: @padsplit
• Connect with PadSplit on LinkedIn: linkedin.com/company/padsplit
• Connect with Atticus LeBlanc: linkedin.com/in/atticus-leblanc-3960466
• Connect with Nick Bowers: linkedin.com/in/nicolasbowers

Who is Padsplit?

PadSplit is a room-by-room rental platform founded in 2018 that helps property owners convert single-family homes into profitable shared living spaces. Operating across 21 major U.S. markets with 16,000 units, the company manages key aspects like marketing, tenant screening, and payment processing while providing members with benefits including credit reporting and telemedicine. PadSplit aims to address the affordable housing crisis while delivering strong returns for property owners, typically achieving twice the NOI of traditional single-family rentals.