A bedroom rented via the PadSplit platform. The housing startup announced an expansion that will allow homeowners to rent spare rooms long-term using their platform. | Courtesy PadSplit

Atlanta-based startup expands its platform to let anyone rent out a spare bedroom long-term Coliving?the rapidly expanding trend of private bedroom, shared common space living embraced by a number of housing startups?has been welcomed by mobile millennials, and, as some developers hoped, even by families.
But the price tags on coliving spaces have put them beyond many people?s reach. A new concept being introduced in Atlanta hopes to expand coliving into moderate and lower-income housing, offering homeowners and the working class new options for renting. PadSplit, founded by Atlanta affordable housing developer Atticus LeBlanc in 2017, creates affordable housing by splitting and repurposing bedrooms in existing single-family homes owned by professional investors into units that rent for anywhere between $435 and $650 a month, including cable, Wi-Fi, utilities, and laundry. Yesterday, at Techstars Atlanta?s Demo Day, a local event for startups, LeBlanc announced that PadSplit would expand the service and allow everyday owners to rent out spare rooms on the platform.
?Our mission is to leverage housing as a tool to create financial independence for everyday workers,? said LeBlanc in a statement. ?We believe that there are a large number of existing homeowners who could benefit from...