Yes, You Can Invest in PadSplit—and Still Have a Property Manager

So you’re thinking about PadSplit—renting rooms, boosting cash flow, maybe even housing a few essential workers who just need a place to crash. Sounds good, right? But then reality hits:

“Wait, do I really want to screen 5 tenants per house? Do I want to break up roommate arguments over who left dishes in the sink?!”

If you’re like our COO Jay, the answer is a hard no.

Jay recently had a convo with an investor who was interested in full-service property management for her PadSplit. And his honest response?

“No way. We’re not screening for that, and we’re definitely not jumping into shared-space drama.”

But here’s the twist… we still found a way to make it work.

Yes, You Can Invest in PadSplit—and Still Have a Property Manager

The secret? Divide and conquer.

We’ve got an investor who’s absolutely crushing it with PadSplit—and she still uses our team for boots-on-the-ground support. She handles strategy and tenant relationships. We handle logistics and operations. Boom—stress-free(ish) system.

Here’s exactly how it works.

What the Investor Handles (the Brain)

• Screens her own tenants through PadSplit

• Communicates directly with renters via the platform or WhatsApp

• Ships supplies like light bulbs, batteries, and air filters straight to our office

• Sends door code updates when someone moves out

• Coordinates move-in/move-out timelines

• Schedules inspections with us in advance

What We Handle (the Boots)

• Receive and store her supplies (yep, we’re the lightbulb drop-off crew)

• Change door codes when a room turns over

• Do inspections and report back

• Handle basic repairs or contractor access

• Act as her local eyes and ears—no drama, just execution

Why This Setup Works

Let’s be honest: PadSplit is not your typical long-term rental. You’re not putting in a family for 2 years and kicking back. This is higher cash flow, but also more hands-on. So instead of trying to find a property manager willing to take the whole thing, flip the script:

You manage the strategy—we support the execution.

This approach is especially good if:

• You’re out of state

• You have multiple PadSplit rooms

• You want to scale without hiring a full-time team

• You hate dealing with middle-of-the-night messages about toilet paper

Jay’s Perspective

Jay said it best:

“I’m not managing the full operation of a shared house with revolving roommates. But I’ll absolutely support investors who run it like a business and just need a local team to back them up.”

So don’t expect your property manager to run your PadSplit like a hotel… but do expect them to help you stay efficient and legal while you focus on growth.

How to Structure the Relationship

Want to copy what our investor is doing? Here’s how:

1. Create a WhatsApp or Slack channel for fast communication.

2. Ship supplies monthly to your PM’s office—label each box by property address.

3. Use digital locks so your team can swap codes when needed.

4. Set a recurring inspection schedule—our investor does monthly.

5. Don’t expect the PM to screen tenants—you handle it through PadSplit.

6. Ask for task-based support, not full tenancy management.

Final Thoughts

This model isn’t for everyone. But if you want PadSplit income without PadSplit stress, this is how to do it.

You lead the investment. You own the strategy. Your PM becomes your hands and feet.

And trust me—as someone who owns over 40 rentals and has built a team to scale all this—I’d take this setup over a pile of maintenance tickets and tenant disputes any day.

Keep it consistent, stay patient, stay true—if we did it, so can you! Ready to connect and strategize?

Contact Jay, our COO and PadSplit support expert, at GraystoneIG.com/Jay – Graystone Investment Group.

Contact our Team of Experts!

Meet Cody Bergstrom, Your Expert in Finding Deals

Meet Lisa Kaye Price, the LendingGig Top ML

Jay Michalec – COO & Property Management Expert at Graystone.

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