Updated over 8 years ago on . Most recent reply
Should I buy my long-term tenant out for a big event?
Hi biggerpockets family!
I currently own 4 properties within the vicinity of the Quail Hollow Country Club in Charlotte, NC. In August the PGA tournament will be hosted here. Looking on AirBnb & VRBO I see rentals as high as $3K a night for the event.
Most of my properties are closer in vicinity and could potentially make a very nice small stay for anybody visiting for the tournament. What are your thoughts on offering my current long-term tenants a percentage of the profits to host out-of-towners for the event?
Has anybody ever does this before?