The flexible room rental platform will now operate in six cities across the country, making the rental process easier for renters and landlords across the country
BOSTON, MA/ACCESSWIRE/May 9, 2022/ SplitSpot, the trusted platform that offers flexible and affordable apartment rentals, today announced its expansion into three new metropolitan areas: Philadelphia, Chicago and Seattle. The company now operates in six cities nationwide, bolstering its initial presence in the Boston, New York, and Washington DC metropolitan areas.
SplitSpot offers a coast-to-coast presence in its quest to make the rental process easier for everyone: tenants, landlords and property managers. The expansion comes after SplitSpot tripled the number of rooms available on its platform and matched thousands of roommates since its inception.
The process of renting an apartment is often stressful for everyone involved. Tenants are locked into long-term leases with steep fees, rigid terms, and sometimes unpredictable roommates. Landlords have a lot to do: fill vacancies, manage roommate turnover, and process maintenance requests.
SplitSpot’s platform offers advantageous conditions for all parties. Tenants benefit from flexible leases, no brokerage or application fees, limited upfront costs and pre-screened roommates. The SplitSpot team assists landlords and property managers by matching tenants to their vacant homes and handling day-to-day tasks such as collecting rent, communicating with tenants and sorting tickets, as well as move-ins and the moves.
“Bringing SplitSpot to these new cities will provide more flexibility and less friction for renters and landlords,” said Ernesto Gaxha, co-founder of SplitSpot. “We’re expanding the geographic reach of SplitSpot, but we’re also continuing our mission to bring more affordability, accessibility and convenience to three of the nation’s largest and most expensive apartment rental markets.”
The SplitSpot team conducted extensive internal analysis – using census data and other metrics – to determine which markets would benefit the most from their platform. Each of the three new cities – Philadelphia, Chicago and Seattle – were among the 25 most expensive US cities by average rental price for a one-bedroom apartment, according to rent.com. April 2022 Rent Report. The same report found that the national average rent for a one-bedroom apartment was $1,697 per month. In 2021, the median rent price on the SplitSpot platform was just $1,078.
SplitSpot co-founder David Mazza said, “Major cities across the country face the same housing accessibility and affordability challenges. At SplitSpot, we’ve proven we can provide a more flexible and affordable alternative to the traditional rental process. We have established our presence in the North East and are excited to continue expanding into new cities as we grow.
Residents, landlords and landlords can find more information about SplitSpot Apartments at SplitSpot.com. The company is also looking for new team members to continue its expansion. For more information, visit SplitSpot.com/careers.
Founded in 2019, SplitSpot enables a reliable, flexible and streamlined rental process for renters and owners. SplitSpot’s platform modernizes the apartment rental experience for tenants with convenient listings, lower fees, and flexible leases. The platform also offers all landlords quality tenants and reduced vacancy. SplitSpot’s mission is to improve accessibility to housing while providing landlords with quality tenants. The company is based in Cambridge, MA, and currently serves tenants and landlords in all six metropolitan areas nationwide: Boston, New York, Washington, DC, Philadelphia, Chicago, and Seattle. Learn more about https://www.splitspot.com/.
York IE for SplitSpot
THE SOURCE: Split Spot, Inc.
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