We focus on homes that are priced between $250K-$350K. With a typical down payment of 15-20%, our investors normally pay between $75K-$125K out of pocket, including the initial make-ready and property setup costs.

Currently, HomeRoom targets Class A or B class properties in the Kansas City, Dallas-Fort Worth, San Antonio, Austin 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 any unexpected repair costs that exceed the generous repair assumptions already included in these calculations.

Repairs are paid for with collected rent proceeds when applicable. If damage is deemed tenant-responsible, HomeRoom will collect payment from the tenant's deposit, their renter's insurance policy, our general liability policy, or from the tenant directly.

One of the key advantages to 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 let you choose between a couple recommended options.

No, HomeRoom does not guarantee rent. Instead, investors receive a monthly payout that is a percentage of the rent collected from tenants.