Payment & Pricing

What do I charge for my rental?
On Rent My Wardrobe, you have full autonomy to set your own rental rate and cleaning price. We suggest 20-30% of the retail value for items under $500, and ...
Tue, Feb 19, 2019 at 5:13 PM
How many days is the rental and can I charge for extra days?
The rental price assumes a 4 day rental. If a renter requests additional days, you can temporarily edit the listing price for that reservation or simply all...
Mon, Feb 18, 2019 at 8:29 PM
What should I charge for cleaning?
You determine the rate to charge your renter and keep 100% of the fee. In order to prevent abuse and fraud (for example, a lender listing an item for $10 an...
Mon, Feb 18, 2019 at 8:30 PM
Why should I use the app to process payment instead of cash or Venmo directly with my renter?
If you do not use the app to complete the transaction the Apparel Assurance is void, additionally you (lender) become 100% liable for potential loss or dama...
Tue, Feb 19, 2019 at 5:12 PM
Can I customize my pricing for specific rentals?
The rental fee assumes a 4 day rental. If you get a reservation request for an extended period, or would like to charge additional fees, you can temporarily...
Mon, Feb 18, 2019 at 8:34 PM
Are my earnings taxable?
Yes they are. Just like any business you start, taxes are required. Rent my Wardrobe will mail 1099 forms to the aditem on file. For specific tax questions,...
Mon, Feb 18, 2019 at 8:35 PM
Are there any late fees?
If you run into an issue please contact RMW within 12 hours of the delayed check in to open a claim. LATE FEES ARE NOT AUTOMATIC and are only issued when a ...
Mon, Feb 18, 2019 at 8:45 PM
How much money will I make and how do I get paid?
Rent My Wardrobe deducts 18% from each rental. Many other peer to peer platforms charge 30-60%. For example, if a rental is $100 then $82 will be paid out t...
Mon, Feb 18, 2019 at 8:45 PM