Maximizing Rental Income with PadSplit | Real Estate Investing Goldmine!

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Жыл бұрын

Join us as we explore a potential real estate investment property in Phoenix, Arizona with the PadSplit crew. Discover how to transform a regular rental property into a lucrative income-generating asset using creative financing and PadSplit's innovative rental model. Learn valuable insights on finding the right neighborhoods, understanding target demographics, and maximizing rental returns in solid, yet affordable, markets. If you're looking for real estate investment tips and want to explore the booming rental market, this video is a must-watch!
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Пікірлер: 73

@PursuingTheBest Жыл бұрын

One of best video walk throughs you have done!! Love this Pace and Molly!

@margaretfreeman1991 Жыл бұрын

Love these videos - you can always find answers to any of your questions... THANK YOU !

@huetube3314 Жыл бұрын

This works well and its how some of us keep buying with today's rates . The challenge is keeping everyone happy so they renew and keep the vacancy low .

@DatsDoodoBaby Жыл бұрын

Me eyeballing properties wondering how to get the HVAC to work and then Molly says minisplits and I feel like an idiot as I sit at my cool minisplit cooled desk

@PaceMorby Жыл бұрын

HAHAHAHA Thats hilarious

@LuxuryBeautyWithKenisha 11 ай бұрын

Valuable info, thank you for this walkthrough Pace and Molly!

@grant_painter Жыл бұрын

pace is freaking hilarious 😆

@aramistavarez6748 Жыл бұрын

Love this video do more different properties

@matchlessmaintenanceandmor9509 Жыл бұрын

I love what your teaching me 😀😀

@LisaGaylordFitnessProgram Жыл бұрын

You’re

@fliporhold Жыл бұрын

So this is house packing as a service excellent concept

@rdot980 Жыл бұрын

"Fk your dining room, that's a bedroom" - Padsplit lol

@ArmandoCamposREI7 10 ай бұрын

This is for sure a golden nugget wrapped with love. Thank you, Pace, you are greatly appreciated!!!!!!

@sunshinemornin 3 ай бұрын

finally found someone talk about C neighborhood

@JustinCoble Жыл бұрын

Wow! Definitely going to look into this for my properties

@dapartyat Жыл бұрын

How much does the reno cost on these things by adding rooms, walls, etc..?

@andreawallner8248 Жыл бұрын

Hi Pace and entire Staff.. I Love your Variety of Important Topics ...I was Born in Lampasas, Texas, but actually grew up Sierra Vista, Arizona...Part of my Family is still there in my Parents Home(Brother). I really Love a variety of important Topics that you make People aware of..Arizona Guys like us pretty Cool 😎..I will be coming back home soon...It is so hard to find really good Companys Overheadprojektor, I gave it up...Only a few understand our Strategy...It is all about Growing together..Germans like to do everything alone, a little wierd...Can you Please give me access to a Good Transaktion Coordinator???I I

@BusinessAnalystGuru Жыл бұрын

I am from northern virginia and i know a single family home was renting by the room it had 9 bedrooms; the county came in and shut the operation down claiming the property was meant for a single family and was being used by too many indiviuals in the home. Has anyone else faced this i am sure padsplitting will not work in specific counties like these or am i missing something

@NaoShouaFamily Жыл бұрын

Will this work in kent wa?

@Tam2Cham Жыл бұрын

Was this property near public transportation?

@kstessel1 Жыл бұрын

Whats the average price for a studio or one bedroom apartment in comparison to the $795 avg per room?

@Thienmy515 Жыл бұрын

Thinking about doing this for my 6 bedrooms property in Colorado.

@johnunderwood7786 4 ай бұрын

Did you do padsplit yet?

@pecinno Ай бұрын

I love this model, but not sure if it will work in my County. They posted a single family house violation on a friend's SFH used for student rental....

@oldskoolfunk71 Жыл бұрын

This is Gold. If the seller will not give you the deed can you buy on a lease option and then sublease to multiple tenants?

@thoyo 10 ай бұрын

We call those vines "kudzu". It's an invasive species from east Asia.

@thefoodieslab8602 2 ай бұрын

Minus Utilities, pest control, yard work?

@sunshinemornin 3 ай бұрын

Thanks for this Pace! I’m in West Philly and operating a 3bed/3bath (private) mid-term, but i dont necessarily double the income, more of like 35%. It’s in a C neighborhood, surrounding areas are of high crime rate, but the block is pretty quiet surprisingly. 10 mins drive from UPenn Hospital. Still trying to make it work! and what are your thoughts about renting to a local? I had one and it was a pain in the ass, might be an isolated case tho.

@PaceMorby 3 ай бұрын

This is a good question, ask this in the free FB group paceapproves.com/freefb-ytc

@tommysuria5467 Жыл бұрын

A Hialeah special 😊

@PaceMorby Жыл бұрын

Yes. In Miami... its done illegally.

@JLW667 Жыл бұрын

3:24 5:28 Blue Collar

@albinothug Жыл бұрын

Molly is amazing

@capricorncomplex Жыл бұрын

I’m thinking of doing a pad split on 1 acre of my 5 acres in louisiana and a tiny home/mobile home park on the other 4 acres

@jcorona5457 Жыл бұрын

Parking, you need parking for 8 vehicles. Do some tenants park down the street?

@PaceMorby Жыл бұрын

Only half the tenants have vehicles. Based on their analytics.

@smarteryou4830 Жыл бұрын

Grant is going to crap his pants

@neilquinn Жыл бұрын

No rules against max # of unrelated people in a home there? Parking is also an issue as others mentioned. Also have to figure how you'll allocate utilities/internet/etc.

@nicolasbowers245 Жыл бұрын

Hey Neil, PadSplit has an interesting lease structure that helps with the # unrelated people per municipality. You can limit the # of cars at your property. I have a 7 bed, I cap it at 4. PadSpit advertises to people who drive until they are filled, then PS advertises to tenants who use public transit. You dont waste advertising $ and you dont have 7 cars outside

@neilquinn Жыл бұрын

@@nicolasbowers245 I can't imagine any lease structure legally overrides max people per property. If something is written up it's probably super sketchy/gray area.

@aramistavarez6748 Жыл бұрын

I think Abraham gray do this all the time in Atlanta

@PaceMorby Жыл бұрын

Yes he does!

@travisirwin3867 Жыл бұрын

What kind of insurance do you have to carry.

@edcivicsi Жыл бұрын

Who pays utilities? 🤔

@BusinessAndHustle Жыл бұрын

So parking doesn’t matter? Where will all those cars park?

@jearomanis 10 ай бұрын

🙏🏾🤝🏾

@melissaleak7241 Жыл бұрын

I want to start Pad Split @Pace ❤

@roberthardyii9315 Жыл бұрын

Molly is Jack Bauer

@PaceMorby Жыл бұрын

But seriously... she kind of is.

@marinarbekka Жыл бұрын

I am ready to do padsplit here in San Antonio tx. Already spoke with mandisa.

@roflorida1 4 ай бұрын

Didn't take out for taxes or insurance..... $3290- minus other expenses. What about parking bothering the neighbors, etc. ! Just checking all facts. I enjoy the information, certainly. Thank you. Also, what is the situation with heating and aIr conditioning ... keep the thermometer set at one setting for the entire house - or must you put in mini-splits in each room so everyone controls their own temperature?

@Diamondnestrealry Жыл бұрын

How do I buy the mentorship . I’m very interested

@PaceMorby Жыл бұрын

Here's the link: paceapproves.com/subtoyt

@rosarioborboa8561 2 ай бұрын

This is something I’ve been thinking of doing with my home and adding an extra bedroom. This is definitely inspiring me.

@PaceMorby 2 ай бұрын

Go for it!

@DanielWeisberg Жыл бұрын

The city lets you put 8 people in a single family with ? Rooming house?

@harryberi. Жыл бұрын

My guess on the budget is 38k

@aboriginalunderground4958 4 ай бұрын

Nah. This is a nightmare for some tenants renting and for the neighbors around the homes being split up. In the long run, the drama just isn’t worth it. Especially in cities like Atlanta where the quality of neighborhoods don’t vary very much. Bad sections are usually centered around apartment complexes and not entire neighborhoods like in a city like Chicago. The first I live in and the latter I’m from. I’ve lived in Chicago, Los Angeles, New Orleans, New York City, outside of D.C. and Atlanta. It could work in Chicago and LA maybe New Orleans. You know places where renting to transients and impoverished citizens who have a verifiable income is normal. But Atlanta is not one of those type of cities. It’s a nightmare here for situations like this. It would have to be a screening process. And everyone here carries a gun. It’s open/concealed carry. The home owners insurance would go through the roof or they would simply not insure you. Like a home with a recording studio that’s in a regular neighborhood. They won’t insure all that extra shii. I had one. I know. Yeah you could make more cash but it won’t last.

@drunkpilotexplorer7061 10 ай бұрын

This video should be title, how to become a total peice of $#1t

@AdventuresOfKeithius 2 ай бұрын

Bruh, I thought he was joking about the Homeless Onlyfans, wtf, lol

@andreawallner8248 Жыл бұрын

Oops Overseas, Sorry

@ElizabethGalarza1 Жыл бұрын

What? Padsplit increased their fee from 12% to 15%? That's too high because the house needs to be cleaned twice a month. It's necessary to inspect the house, you also need pests control, etc. Even 12% is a little too high. Padsplit is a great idea but not at 15%!

@geraldlofton Жыл бұрын

Just Because you CAN doesn’t mean you SHOULD!!😢 modern day rooming house

@CaptainWeirdBeard69 Жыл бұрын

It fills a need. These are usually for temporary situations and works for those people.

@dennismc8145 Жыл бұрын

I like your videos, but you could clip out 50% of this video. Its a little to slow.

@PaceMorby Жыл бұрын

Cant make everyone happy.... other comments tell us we dont show EVERYTHING. So... not sure how to make everyone happy.

@buythedoor Жыл бұрын

Pace you’re being greedy lol

@PaceMorby Жыл бұрын

greed or meeting a need while creating income. People need affordable accommodations. If it works for them it shouldn't bother anyone else. Streets NO Motel $$ Couch Surfing 😝

@bradleyr.9165 11 ай бұрын

Definitely don’t rent anything by sky Harbor. Not even short term. JUST DONT….

@Jaytalkscrypto Жыл бұрын

I have a deal in memphis 38114 do you buy there?

@wayne989 Жыл бұрын

Be super careful, it’s gonna be a nightmare when u need to exit through a sale. Low income residents will likely trash your place plus all the reconfiguration that needs to be undone then restore to a regular home. All the extra cash flow for a decade may just go poof. At the end, u worked extra for the contractors.

@Vamplord111 11 ай бұрын

It won't go poof if you make that cash flow make you more money.

@calebrohl9299 2 ай бұрын

Pad split tenants only stay on average about 8-11 months, and it’s managed by padsplit, so if there is one trashy tenant they will most likely be kicked out and refilled. Go watch the free padsplit training pace did. They go really in depth and it’s really helpful