Masters Golf Tournament Clause

[Branden Kline]

This post is directed right at my fellow investors in Augusta, Ga.  Does anybody put a clause in their rental agreements that the tenants must leave for the weekend of the masters tournament (Thus allowing you to rent the property out for the tournament)  Do you offer free rent for the month, or some other incentive? Was just wondering if this was possible or not?  Thanks again everyone!!

-Branden

[Phillip Vera]

Branden, I think I've seen or heard about every creative lease clause...also heard some of the horror stories that go with them.  

Yes, many landlords will put in a clause for a Masters rental. Most offer a free month of rent for the month of April.  I've also seen where landlords allow their residents to handle the Masters rental and take a cut (risky business).  All can get very tricky.  @Paul Rush  makes a good point that you have very little control.  Are you swapping out the furniture?  What about damages?  A lot also depends on the amount you could make during Masters week or weekend.

We helped a landlord facilitate this, but he also owned a large hospitality house with major income.  It made plenty of sense.  You'll have to weigh if the juice is worth the squeeze in terms of moving one set of residents out, prepping the home for Masters guests, facilitating a week long stay, and then getting everything back in order for your long-term resident.  All depends on what you can rent the property for and how much you're willing to deal with the hassle.  

@Paul Rush