Portland Co-Living Open House: From $3,400 Rental to $8,450 with PadSplit

Walk through Portland’s newest co-living property and see how the 4-to-8 room conversion changes the rental math.

The real estate playbook has changed.

High interest rates, low single-family inventory, and compressed traditional rental yields have made the old way of landlording harder to pencil.

Join local real estate investor Micah Shelton for an in-person open house at one of the first PadSplit properties launching in Portland, OR.

Micah converted underutilized square footage in a standard 4-bedroom property that would gross $3,400 into an 8-bedroom co-living asset generating an estimated $8,450 in gross monthly rent.

#### Special Keynote Presentation:

Micah 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 4-to-8 Room Walkthrough: Tour the property and see how a standard residential floor plan was optimized into 8 independent, high-yield revenue streams
• The 2.4x Rental Math: See the comparison between a baseline $3,400 traditional rental and an estimated $8,450 PadSplit property
• Automated Operations: How the PadSplit marketplace and technology support tenant screening, background checks, and automated payment collections
• The Co-Living Edge: Why room rentals can reduce vacancy risk and improve cash flow compared to conventional long-term and short-term rentals

#### Why Attend In-Person?

This open house gives you a direct look at one of the first PadSplit properties launching in Portland.

You’ll be able to walk the rooms, 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 hidden inventory for their buyers, and
• Property managers eager to maximize margins in a changing market