As the countdown rolls on to the day when fans will pour into Pittsburgh for the NFL Draft, interest in accommodations has risen.\u00a0<\/p>\n
Just like when Taylor Swift came to town a couple of years ago, the U.S. Open this past June, more people are considering renting out their homes to fans coming in.\u00a0<\/p>\n
There’s definitely money in it, but how much depends on the old adage: location, location, location.\u00a0<\/p>\n
So, realistically, what are the chances someone might be interested in renting your home?\u00a0<\/p>\n
“Everywhere that is available will be booked probably within 40 or 50 miles,” said Chad Wise.\u00a0<\/p>\n
Wise, the founder of HostWise, said the math is simple: there are about 28,000 hotel and short-term rentals in the region, and with in the neighborhood of 500,000 people expected in the city, supply and demand are “way out of whack.”\u00a0<\/p>\n
So, there is a demand for your beds, but can you really make some good money from this?\u00a0<\/p>\n
“They have to determine what price they [the homeowner] want to charge,” Wise said. “The closer you are to Acrisure, you’re going to be able to demand a much higher price.”\u00a0<\/p>\n
One-bedroom accommodations on HostWise range from $600-$1,200, but on Accommodations For The Draft, people are paying $195 to list their spacious homes, and the current listings there range from $3,500-$5,000 per night.\u00a0<\/p>\n
“It really just puts the homeowner together with the potential renter,” said Sandy from Accommodations For The Draft.\u00a0<\/p>\n
Plus, the homeowner does the entire deal, details and all, but if, as a homeowner, you want to test the waters without the hassle, Wise and Dale Swinton of the Realtors Association both suggest listing with a site such as Airbnb.\u00a0<\/p>\n
“Those websites specialize in short-term rentals,” Swanton said. “They also tend to be a little bit safer. They do offer some protection to homeowners.”\u00a0<\/p>\n
All of them recommend that if you plan on renting your home, have an expert draft the rental agreement, so that you are covered in case anything goes sideways.\u00a0<\/p>\n
Also, be sure to check with your home insurance provider to make sure you’re still covered when you rent out your place. If you’re part of a homeowners association, check with them to make sure you aren’t violating those rules, as well.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"As the countdown rolls on to the day when fans will pour into Pittsburgh for the NFL Draft,…\n","protected":false},"author":2,"featured_media":3897,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[3538,3537,73,75,74],"class_list":["post-3896","post","type-post","status-publish","format-standard","has-post-thumbnail","category-pittsburgh","tag-kdka-tv-morning-news","tag-nfl-draft","tag-pittsburgh","tag-pittsburgh-headlines","tag-pittsburgh-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/3896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=3896"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/3896\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/3897"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=3896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=3896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=3896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}