"She and her husband spent $55,000 over the past year to make their Kansas City-area home more appealing for short-term renters. The four-bedroom home features the kind of touches - cozy TV-watching areas, an outdoor fire pit, and newly purchased furniture - that should be catnip for visitors. Since the listing went live in December, however, the home has drawn only a handful of bookings. The first stay didn't offer much encouragement: the guests trashed the place, causing about $1,200 in damage."
""It was like a baptism by fire," Totta tells me. She has high hopes for this summer, though, when the FIFA World Cup will deliver tens of thousands ofsoccer fans to their backyard. Kansas City's selection as one of 16North American host cities is the main reason she and her husband decided to jump into the rental game - Totta says she was intrigued after hearing about a friend's plans to capitalize on the influx of out-of-towners. With the help of dynamic-pricing software that advises her on daily rates (for which she only pays $20 a month), Totta has set a goal of earning at least $2,500 per night during the festivities."
"It's shaping up to be a banner year for rental owners who, like Totta, own properties near some of the country's biggest sports stadiums. From the Super Bowl to the World Cup, there's never been a better time to put a roof over the heads of a couple (or couple dozen) fans who need a place to crash. Airbnb hosts in places like Dallas, Atlanta, and Los Angeles are expected to rake in $212 million from the World Cup alone, according to an analysis by Deloitte (those estimates don't include earnings on other short-term rental platforms like Vrbo). Some operators aim to bank several thousand dollars per night. In Kansas City, for instance, median asking rates for short-term rentals on the night of June 16, when Algeria and Argentina face off in the tournament's"
Myriam Totta and her husband spent $55,000 over the past year to prepare their Kansas City-area four-bedroom home for short-term renters, adding cozy TV areas, an outdoor fire pit, and new furniture. The listing went live in December and produced only a handful of bookings, and the first guests caused about $1,200 in damage. Totta expects a surge during the FIFA World Cup because Kansas City is a host city and plans to use $20-a-month dynamic-pricing software to target at least $2,500 per night. Analysts project hosts near major sports stadiums could earn substantial revenue, with Deloitte estimating $212 million for Airbnb during the World Cup.
Read at Business Insider
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