FAQ for Homeowners

I have never rented my home, how do I determine the rental value?

Every home is different, and many factors must be considered before setting your rental fee. Masters Housing is the only rental organization sanctioned by the Augusta National and we have been doing this for more than 50 years. We have created a chart which you can download here to use as a starting point. If any of your neighbors rent their homes, you might ask them for advice. You can also check listing rates for other homes on our website.

I have seen homes described as host homes or sleeper homes, what does this mean?

Rental homes are classified in three ways: sleeper, dinner or host. Host homes are homes large enough for hosting catered dinners and events. Learn more about the types in our Types of Homes section.

What is the best way to advertise my home for rent?

Our website is the gold standard for Masters Week rentals and it is as easy as 1-2-3 to list your home on our website. Visit our How it Works page for more information.

Is it okay to list with more than one rental agency?

Nothing prevents you from listing with more than one agency. However, if you rent your home through another agency, we ask that you let us know immediately so we can mark your home as rented.

What do I need to do before listing my home?

Before you start the process, make a detailed list of the rooms in your home, sizes of rooms, bathroom information, number of TV sets, how many people can be seated for a meal, special features and amenities, etc. You’ll need high-resolution digital photos, under 4MB each, of each room/area of your home, as well as front and back exterior home shots, ready to upload. Having all the information and material at your fingertips makes the listing process easier.

What type of photos do I need?

The more professional, the better. Use a good quality digital camera, be sure the rooms are staged and lit nicely and shoot the pictures from creative angels. For best results, take your outdoor photos when the grass is green, and flowers and shrubs are blooming. See our Guide to Better photos for information about pictures most clients are interested in seeing. Remember, your child’s pretty pink room will be used by an adult, so make the room look as adult as possible by removing toys, child-focused bed coverings, posters, pictures, etc.

We have partnered with Top Flight Media to offer video home tours and high-quality commercial photography. We can now provide our clients with a professionally shot and edited real estate video that engages potential guests, helps them mentally visit your property, draws on their emotions, brings your home to life and tells a visual story about the place you call home. A real estate video is a virtual open house working for you around the clock.

Is the rent money I receive taxable by the IRS?

Masters Housing will send you a 1099 form for money received as rent on your home during the Masters Tournament. If you have rented your house for fewer than 15 days during the year, this income is not taxable.

What do I do to prepare for my guests?

It takes a lot of hard work to get your home ready, but the trouble is worth the reward. From deep cleaning, to emptying your closets to rearranging your furniture to providing maid service, the list goes on and on. We will provide a checklist to help you. You should also contact friends and neighbors who rent for advice. After the first year, it gets easier and becomes somewhat routine. Visit our Preparing for Guests page for more information.

What about maid service?

Maid service can be estimated at $50-150 per visit depending upon the size of the home and services required such as the number of times bed linens are changed each week. Decide in advance how often made service will be provided, contract with a reputable housekeeper or company and include this cost in your rental. Think of your home as a luxury hotel. Your guests should be pampered and made to feel special. Your home needs to be cleaned daily and restocked with supplies such as soap, towels, clean sheets, toilet paper, paper towels, etc. See our Housekeeping Checklist for details.

Who is responsible for damages to my home?

This is addressed in your lease agreement. You are responsible for normal wear and tear and the client renting your home is responsible for damages to your property or its contents. This includes the removal of any items from your home.

What about my homeowner’s insurance?

Keep in mind your own insurance policy likely provides little or no protection when you're renting out your home on a short-term basis. Before renting your home to anyone, you should read your policy carefully. Some policies provide coverage if you rent your home only one time per year, for a single special occasion like the Masters. However, some insurers may require advance notice of such rentals or require you purchase an "endorsement" (an add-on to your homeowner’s policy) to provide more coverage for the renter. Check with your insurance company or insurance agent and specifically ask if your policy covers short-term rentals by paying guests.