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What is Coliving and Can It Help Increase Your Rental Income? A PadSplit Overview

Investing in real estate has long been considered to be one of the most reliable ways to build wealth. With returns comparable to those of the stock market, but with less inherent risk, real estate investments are an attractive way to diversify your portfolio. In recent years, passive real estate investing — whether through traditional real estate investment trusts (REITs), real estate crowdfunding opportunities, or shared housing through vacation rentals or coliving — has gained popularity as a way to maximize real estate’s earning potential.

As coliving continues to be a rapidly growing trend in the housing market, we are reviewing PadSplit, which claims to be the country’s largest coliving marketplace designed for workers.

What is Coliving?

First, we’ll explain the concept of coliving. The concept has received considerable buzz in recent years, partially because of the nationwide housing shortage and pandemic-related effects (labor shortages, more people working remotely, supply chain issues creating del