Pros
An incredible opportunity to work for one of the leading prop-tech companies in the nation. An organization that is truly making a difference in the affordable housing crisis, led by the original founder and CEO who is deeply passionate about this mission. It's a brilliant business model that empowers investors to do well by earning more cash flow and do good for the community by providing more affordable housing. It's truly a win-win. The team culture is positive and empowering through this rapid growth phase the company is currently experiencing. Leadership is genuinely vested in your success by providing support throughout the sales process. There's an overall feeling of excitement throughout the organization as we have all hands on deck to accelerate our growth. I also really love how this role helps expands my personal knowledge of real estate investing. Not only allowing me to be more involved in the local investing community by sharing value through in-person events, but also being able to develop a deeper understanding of investing in shared housing. Learning how to analyze, acquire, and renovate properties. There's always something to do and it can feel hectic at times, but overall I'd say PadSplit has a good work/life balance for a growth stage startup company with unlimited PTO. The CEO and other executive team members take time off. It's also regularly encouraged by the leadership team. Team members who aren't full vested in the mission of the organization, will not be a good fit for PadSplit. You have to be driven to want to make a difference and not be driven by selfish desires. It's not a matter of a roll of the dice, it's a matter of what drives you.
Cons
- Base pay is lower than industry standard, but the commission structure is very simple and can be quite lucrative after spending at least a year with the organization. -Ramp up period to build up lead pipeline can take about 3 months. Even once a lead converts, it can take another couple months before the PadSplit listing is activated and you're paid out your commission. - There is a clawback period on your sales if the host decides to delist. Meaning not only are you acting as an Account Executive to grow the business, but also an Account Manager role to maintain the business and relationship. (Thankfully over 95%+ of our hosts are happy with the platform and continue to expand their PadSplit portfolio, but just something to keep in mind. Hopefully a part of the comp plan that will be revised as the company grows)