FAQs

General questions and contract information

31 articles in this collection
Written by Miranda Brown

What's the catch? What's the risk?

Get money up front in exchange for sharing a room in my home? It sounds too good to be true...
Written by Miranda Brown
Updated over a week ago

Is this a loan? What is the interest rate?

Loftium isn't considered a loan and you don't have to pay us back.
Written by Miranda Brown
Updated over a week ago

Can I Airbnb an additional room on my own?

Hosting rooms in addition to the Loftium dedicated Airbnb.
Written by Miranda Brown
Updated over a week ago

What does Loftium do?

We offer down payments, you Airbnb a room, and we split that monthly income. Win-win.
Written by Miranda Brown
Updated over a week ago

How does the Loftium process work?

A brief overview of the steps to buying a home with Loftium.
Written by Miranda Brown
Updated over a week ago

Why does Loftium exist?

We saw a serious problem that had to be fixed.
Written by Miranda Brown
Updated over a week ago

Does it cost anything to sign up and get a quote?

It's free and there's no commitment!
Written by Miranda Brown
Updated over a week ago

What are my obligations as a customer?

An overview of the deal - what you have to do for a down payment.
Written by Miranda Brown
Updated over a week ago

What will I be required to provide guests with?

As a host, you'll be responsible for supplying certain amenities and furniture.
Written by Miranda Brown
Updated over a week ago

What will Loftium provide when I move in?

Loftium will ship you the following supplies straight to your door when you move in!
Written by Miranda Brown
Updated over a week ago

Is Loftium's down payment considered a loan?

People often think our down payment assistance is a debt - it's not!
Written by Miranda Brown
Updated over a week ago

Will Loftium own part of my home or be a co-owner?

Loftium offers are not loans, they're an agreement and you are the only owner of your home.
Written by Miranda Brown
Updated over a week ago

How does Loftium help me as a host?

Resources, tools and support for hosting.
Written by Miranda Brown
Updated over a week ago
Contract Questions

Can I see a copy of the contract?

Here's an overview of the homebuyer agreement
Written by Miranda Brown
Updated over a week ago

What if I want to use the Airbnb unit, bedroom or Mother in Law?

What to do when you want to use your spare bedroom that's listed on Airbnb - block it from being rented and use your freebie days
Written by Miranda Brown
Updated over a week ago

What happens if my home doesn't make enough money on Airbnb?

You don't owe us money if your Airbnb does not make the amount we predicted, the risk is on us.
Written by Miranda Brown
Updated over a week ago

What happens when the contract is over?

After the contract is over, you can do whatever you please, it's your house.
Written by Miranda Brown
Updated over a week ago

What if I can't or don't want to host anymore? Or I have to cancel the contract?

In case you have to terminate your contract for an unforeseen reason, you can buy it out.
Written by Miranda Brown
Updated over a week ago

How long do I have to Airbnb my room for?

The length of contract for renting your room on Airbnb.
Written by Miranda Brown
Updated over a week ago

How does the Airbnb split work?

The Airbnb income split is determined in our agreement.
Written by Miranda Brown
Updated over a week ago

Am I guaranteed the monthly Airbnb split that's on the quote?

Written by Miranda Brown
Updated over a week ago

How many nights are you estimating my home will be booked?

Written by Miranda Brown
Updated over a week ago

Can I do home renovation / improvements during the Loftium contract?

Repairs, renovations & improvements are allowed as long as they don't bother guests.
Written by Miranda Brown
Updated over a week ago

What if something happens that prevents me from renting, like disruptive maintenance that is required? (e.g. tree falls on roof; basement floods)

If you can't host because something happens to your home.
Written by Miranda Brown
Updated over a week ago