Accounting and Payment Tools

Manually allocating reservations to homeowners using an Excel spreadsheet or a Google sheet can be frustrating and hard work. Processing batch payments and downloading transaction history from a number of different accounts can sucks up a lot of precious time.

• The Hometime Platform auto-allocates reservations to the right property and homeowner whilst calculating your management fees, cleaning fees and other costs automatically.
• Our platform also provides beautifully branded property statements that you can send straight to the homeowner. It will live on the platform to be shared with homeowners via the Owners Portal.

There are many tools out there that solve specific problems but still don't provide an all-in-one business solution for your short-term rental management business.

• At Hometime, we have built a large and successful management business from the ground up. This means we understand the challenges that you face every day. Hometime Platform is a tool that not only solves some of the key day-to-day operational issues, but goes the extra mile and provides an all-in-one platform that helps you track important financial information. This includes:

  • Detailed payout data
  • Paying contractors
  • Monitoring operational costs
  • Reconciling reservations
  • Calculating management fees
  • Tracking maintenance costs and allocating them to correct properties
• Hometime Platform automatically calculates and itemises all the necessary cleaning and management amounts for you and your owners.

• When you have a smaller portfolio, you can use spreadsheets to generate month-end statements or reconcile reservation payments. However, this takes precision, time and patience which can make it challenging to focus on growing your business.
• Hometime Platform is directly connected to the relevant channels for live and up-to-date reservation and payment data. We also help mitigate any risk associated with preparing manual statements. When it comes to money, the last thing you want to do is incorrectly pay a homeowner. This may erode all trust built, which can often be hard to get back.
• Hometime Platform’s Financial Reports feature ensures you spend more time speaking to new homeowners and nurturing current customers and less time buried in a spreadsheet.

• Airbnb charges the guest the full amount when they make a reservation on the platform. The host can enable split payments to increase booking conversion, however Airbnb will always collect payment in full prior to the guest checking in.
• Once guests have checked-in, Airbnb will release the payment to the host which normally takes 1-2 days. If guests are staying for longer than 28 days, Airbnb will charge the guest and release payment to the host every 28 days.
• Hosts that have recently signed up to Airbnb may have to wait 30 days for their first payment whilst Airbnb verifies bank account information Hosts can view their payments in the transaction history under the accounts > payouts section.
• If you manage multiple properties it’s common for Airbnb to payout multiple reservations in a single batch payment. Hometime’s financial tools will automatically split out the payments for the right properties.

• Payment and financial responsibilities play a significant role when it comes to running a business. You need to ensure complete financial accuracy, trust and transparency to avoid incorrect payments.
• Hometime Platform’s Financial Reports feature was created with your trust in mind. You can easily control who edits transactions, create audit logs to track changes to reservations and transactions, and maximise security with a sign-off feature. You also gain easy visibility and access to homeowners owners through an Owner Portal and professional statements.