How is Homads different from other rental and listing sites?
The biggest difference between Homads and other rental sites is that we specialize in rentals of 30 days or more.
Why should I rent out my home for 30 days versus short term?
Homads is here for you when you decide to leave for the summer or take extended trips! You maintain a stable
income and still have access to your property after their stay. You also avoid hefty hotel taxes (9% in Austin, 6% Texas
hotel tax plus $285/year for your license). That's a large amount of taxes before you even think about your income
taxes at the end of the year!
Why should I use Homads to find a home?
Our marketplace reflects more realistic pricing for a month to month or more stay. It doesn't make much sense
for our homeowners who rent out short term to lower their price if you stay long term. Therefore, many rental sites
provide options for monthly stays but are well over the affordable range. By limiting our listings to only 30 days
or more, we provide a more competitive market. No more overpaying when life's emergencies hit.
What fees are involved in using Homads?
Unlike many listing sites, we do not charge a monthly fee. Therefore there is no risk in lisiting your place.
You can always try it out and test the market.
Once we find the right match, we charge a 3.0% (this covers the credit card transaction) when rent is paid.
When do I get paid?
Funds will transfer to your WePay account two days after your renter moves in if there are no complaints. If the renter complains about the accuracy of the listing, Homads conflict resolution will intervene if you cannot solve the problem directly with your renter.
Do I receive the security deposit?
The security deposit will not be charged unless a complaint has been put in concerning damages two days after move out. You can either work directly with your renter and mutually agree upon the amount or we will work with both parties for conflict resolution. Be sure to take photos and have evidence of the damages before and after.
Why did I not receive my full monthly rental income?
Homads takes a 3.0% service fee which will cover the credit card transaction.
What happens if a renter reserves a month but cancels last minute?
You have an option to select a flexible, moderate, or strict cancellation policy. This allows renters a time frame to cancel before paying a fee.
How do I know if my renter has paid for the next month's rent?
The next month's rent will be charged 10 days before the start of the next month.
Do I have to pay my rent and security deposit in full?
Homads will put a hold on the first month's rent and the security deposit amount on your designated credit card. Your card will be charged 10 days prior to move in.
Why did I get charged more than my first month's rent and security deposit?
Homads takes a 12.0% service fee and makes sure you're happy with your home before sending the money to your homeowner.
Will I get my security deposit back?
The security deposit amount will be on hold until two days after you move out. We will not charge your card if there are no complaints from the homeowner for damages.
What happens if I booked a place but need to change plans?
It depends on the listing's cancellation policy of flexible, moderate, or strict. Make sure to read through the policy before completing your booking.