Special Events Rentals (Kentucky Derby)
I have a house I just finished remodeling and it's right behind Churchill Downs. It was under contract but it fell through and I'm having trouble selling it. Someone told me they thought I could get $2,000 for it over Derby weekend (market rent is only $735/mo.). My reservations are that I'd have to furnish it and I have no experience doing rentals. What are the pros and cons of doing a short term rental? How do I screen the tenant? How do I make sure the place doesn't get trashed?