Investor FAQs

What is the typical out-of-pocket investment for a HomeRoom house?

What are the typical cash-on-cash and ROI returns I can expect?

Currently, HomeRoom targets Class A or B class properties in the Kansas City, Dallas-Fort Worth, Austin, Atlanta and Indianapolis Metro areas, and our investors can expect 5% cash-on-cash returns and ~25% total ROI (assuming inflation level appreciation). With our (up to) 3-year lease offering, these returns are well-insulated from variability, except for any unexpected repair costs.

What about after the initial lease term is over?

At the end of the lease, HomeRoom guarantees to send renewal offers to ALL properties.
Investors can renew, opt out, or opt to sell with our help (for reduced brokerage fees) or through an agent of your choice.
Should you desire to opt out, we are happy to connect you to one of many local property managers that can help you set up your property as a standard rental.
If you sign a lease and want to sell prior to it ended, you can sell via the HomeRoom marketplace for reduced brokerage fees to one of the investors on our waiting list at any time.

If a tenant damages the property, who pays for that?

Not you. Damage caused by the tenants will be covered by the member’s deposit, their required renter’s insurance, or by the generous liability insurance policy that HomeRoom maintains.

How are maintenance requests and repairs managed by HomeRoom?

One of the key advantages of having numerous intelligent adults living in our properties is that maintenance issues are flagged quickly. Catching items such as roof leaks, pest problems, or plumbing problems can save thousands by addressing them right away.

All maintenance items are reported to us and reviewed by our maintenance team within 4 hours. For small items, we will make the repair, notify you, provide documentation and pictures, and bill your account. For larger items, we will contact you in advance and give you the options for next steps.

5 things to know about Investing with HomeRoom