By all estimates, the Super Bowl is a potential windfall for downtown businesses hoping to cash in on the frenzy of the 100-thousand-plus visitors.
The city itself claims it comes with an economic impact of somewhere between $125 million and $400 million.
But there is also money to be made by the savvy Hoosier—-willing to give up hearth and home for a little cash in hand. In other words, renting out their homes to fans wanting a place to stay while in town for the big game.
I’ve often asked myself—-(and my husband)—-whether we could open our doors to complete strangers during Super Bowl week. The financial benefits (up to $10-thousand a day if you believe the signs) seemed tempting. But could I put a pricetag on my privacy?
It was during one of these discussions my husband mentioned a nephew who would indeed be offering his very attractive (and just two miles from Lucas Oil Stadium his very convenient) home to rent for the Super Bowl.
Greg Cummins is a talented, intelligent young professional (and a really nice guy) who lives in one of the historic districts near dowtown Indy.
He tells me it was an easy decision to rent his house for the Super Bowl—-having done business in rental properites in the past.
And it’s that previous experience that helped him come up with a rental agreement that also gives him peace of mind.
For instance says Greg: ” There won’t be time to do credit checks so I am requiring full payment, upfront via a money wire or overnight cashier’s check or money order.”
He also plans to remove anything of value. (That was actually my biggest deterrent. The thought of having to remove all my personal effects, including clothing–seemed too daunting a task).
And under his contract, he can make daily onsite visits.
To start the process, Greg tells me he did simple searches on the Internet to see what company or companies got the most hits. He decided on www.sportseventrentals.com
“It costs only $49 to post an ad on the site, but that is all they do. I am still responsible for communicating with the renters, collecting money and come up with a contract which I found online and simply modified. I also decided to list it on Craig’s list. It works in my favor that the Colts are not in it this year which means more out-of-towners looking to rent. ”
He took photos of his home and through creative writing, came up with an attractive description. See what you think:
“My home is architecturally interesting with bamboo floors, granite counter tops, stainless steel appliances and many bells and whistles like a garden tub, outdoor grill and heater. ”
He says you really need to emphasize the bells and whistles or you’ll “just be another home for rent.”
Who am I to argue?
Afterall, shouldn’t a renter paying $2000/night with a four night minimum feel they are getting their money’s worth?
According to this Super opportunist, “The Super Bowl is cash cow and if you really put your mind to it, there are lots of ways to ake money from this event.”
So Super Bowl XLVI may indeed deliver on its promise to pay off.
At least for people like Greg: willing to take a gamble—-banking on a big payout no matter who wins the game.