Walk through a North Hollywood co-living property and see how the PadSplit model changes the rental math from $4,500 to $12,900/month. **Want to learn about PadSplit and co-living while enjoying free tacos? The first 50 people at the open house will be entered into a raffle for a $100 Home Depot Gift Card.** Every conversion starts with the same question: what does the property earn before PadSplit? For this North Hollywood property, that baseline is an estimated $4,500/month as a traditional rental. Join local real estate investors **Alex Nahle** and **Carlos Quiros** for an in-person open house at their North Hollywood property. Alex and Carlos will be walking us through their mid-renovation PadSplit project. The property is projected to generate $10,400/month before the ADU, rented out by room. With the ADU included, the property is projected to reach $12,900 in gross monthly income. Alex and Carlos will be joined by **Devon Aguirre**, PadSplit Market Manager and 12-year real estate veteran. Devon will break down how the co-living investment model works, the ideal buy box, and the underwriting metrics investors should understand when evaluating co-living opportunities. #### **What We’ll Unpack Live & In-Person:** * **The Main House and Attached Studio Walkthrough:** Tour the property and see how the renovation is going to turn this property into multiple room-rental income streams. * **The $4,500 to $10,400 Rental Math:** See the comparison between a baseline $4,500 as-is rental estimate and a projected $10,400 PadSplit room-rental setup. * **The $12,900 Income Picture:** See how the ADU brings projected gross monthly income to $12,900. * **Automated Operations:** How the PadSplit marketplace and technology support resident screening, background checks, and automated payment collections * **The Co-Living Edge:** Why room rentals can reduce vacancy risk and improve cash flow compared to a single long-term lease. #### **Why Attend In-Person?** This open house gives you a direct look at an upcoming PadSplit property in North Hollywood. You’ll be able to walk the property, review the layout, understand the rental math, and ask questions about the property, the setup, and the co-living model. #### **Who Should Attend?** * **Real estate investors** looking for deals that actually pencil * **Realtors** looking to unlock stronger opportunities for their buyers, and * **Property managers** looking to increase margins in a changing rental market
