Thinking about leaving the care business but keeping the property?
There may be another path worth a look. Your property could be converted from care home into shared, affordable housing.
How it Works
What is PadSplit?
PadSplit is a shared-housing platform. It helps a property owner turn one home into several private-room rentals, priced so local workers can actually afford them.
The platform provides the listing, member screening tools, and payment handling. You keep ownership of your property and stay the decision-maker on it. It is management-light, not management-free: some day-to-day responsibilities still sit with the owner.
What is Coliving?
Coliving, or renting by the room, simply means leasing a home room by room instead of as one whole unit. Each resident has a private bedroom and shares the kitchen and common areas.
For the right property, it can house several people at below-market rents while still producing a sound return. It's an old idea with a modern operating layer on top.