PadSplit · marketplace for affordable rooms
Charge rent weekly, since many renters are paid weekly
No result given; chosen because it is easier to budget
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What they did
Residents pay rent week-to-week rather than monthly or nightly. Rationale: much more user-friendly, easier to budget around, and matches how many workers are paid. The founder's first co-living tenant from 2009 still pays week-to-week 17 years later.
In their words
Top Founders with Nathan Latka · $30/Night Rooms Make Him $60,000 Per Day | PadSplit CEO Atticus LeBlanc“And like the reason we ultimately bill weekly is just because it's much more user-friendly. It's much easier to budget around. It's often how a lot of workers get paid.”
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