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PadSplit Location & Parking: Avoid These Mistakes!

Parking and neighborhood fit can rule out a PadSplit before the floor plan does. We discuss what changes when residents need cars to get around.

Published · 0:48

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Look beyond the bedroom count. A house farther from jobs and transportation may need more parking than a similar property closer to the city.

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[00:00] I know floor plans are crucial, right? You have to have a good floor plan. It's not just how much square footage that plays a role, but you know, I don't know like what other blind spots do you think that there are for investors when they're when they're when they're actively buying so they don't buy like

[00:15] the wrong property? >> Yeah. Yeah. Yeah. I'll I'll touch on both. Right. So, one is if you think about this, you don't want to be the only rental in a community and especially you don't want to be the only padsplit rental, right? So, you don't have to get in a 100% rental community.

[00:30] You can, but you don't have to be, but you need to have some other rentals around cuz you're going to have a few extra cars. Again, if we have an eight-bedroom house, typically we don't have eight cars. About half the people drive. The closer you are to the city, the less they drive. These one-off

[00:43] houses out in the middle of nowhere, they're going to have to drive and you're going to need more room for parking.

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