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What is Rent Like a Champion?
Good business ideas can happen anywhere. This one occurred in 2006 in South Bend, Indiana, where three Notre Dame students listed a vacant apartment on Craigslist and eBay as a weekend rental for football games.
That was the beginning of what would become Rent Like a Champion. Jordan Curnes, Drew Mitchell and Derrick Shenk had tapped into the zeal of sports fans and the need for lodging in college towns that don’t have enough motels and hotels to handle the onslaught of fans on football weekends.
Today, not only has Rent Like a Champion expanded its college football market â it is in more than 20 college towns â but it has added the PGA Tour, NASCAR events, and this year’s Super Bowl to its lineup.
How does Rent Like a Champion work?
The business is relatively simple. Homeowners in college towns with big-time football programs list their home on Rent Like a Champion. People who want to spend the weekend attending “the big game” browse the listings and secure a rental. They sign an agreement, pay for the rental (including a security deposit), and get sent the details of their rental (check-in/check-out, etc.). Using Rent Like a Champion lets large groups stay in a single location, rather than get spread out all over town in different hotel rooms, which are often scarce on game weekends.
What are the requirements to work for Rent Like a Champion?
Hosts are required to create a free online profile through the site.
Once an account is created, hosts need to complete a profile detailing their accommodation, including photos, a listing description, and the price they select to rent out their space before the listing is published.
How do you earn money on Rent Like a Champion?
Do you live in a college town or in a rural setting that hosts annual or periodic events, such as the Indianapolis 500 or a college football game? Rent Like a Champion might be the perfect way to fill your vacant home for those folks traveling to the big game.
How much money can you make on Rent Like a Champion?
Homeowners can expect an average of $1100 rent for one weekend and can list their property as often as they like during football season.
Pros of working for Rent Like a Champion
- The Rent you receive supplements your monthly mortgage, and possibly other expenses.
- No annual fee
- Great for niche vacation rentals in rural/college town areas
- One-stop-shop (very little renters have to do)
Cons of working for Rent Like a Champion
- High service fee (17.1%)
- Interface still evolving
- Regardless of whether you have people in the house or not, you’ll always be facing the cost of property taxes, the cost of insurance on the property, and the cost of any homeowners association fees associated with the property.
- $250 charge for South Bend, Indiana homeowners (Go Fighting Irish!)
How do I sign up to work for Rent Like a Champion?
If you think you’ve got what it takes to become a Host for Rent Like a Champion, click here to go to their website and begin the application process.
What is the website for Rent Like a Champion?
Rent Like a Champion app
No available app
Homeowners pay a 15% commission to Rent Like a Champion, plus a 2.9% credit card transaction fee. As an additional protection for homeowners, Rent Like a Champion has comprehensive insurance in the form of a $1,000,000 liability and structural damage policy as well as $5,000 for content that’s included in each rental.
The business has really taken off since 2010. Rent Like a Champion has homes for Rent in 21 college towns across the USA (there are 300 or so in South Bend alone), and they’re looking to double that in the next year. They likely want a Shark to help them scale the business.
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