Some people are renting out their place for $2,000, $4,000, even $10,000! For 4-5 days! Daaaaaaaaaaaang son. There are over 450+ posts on craigslist yesterday alone for this.
This is one of those times i wished i still lived around here cuz i gotta say, i’d be all OVER that! I used to live right off of Wisconsin in upper Georgetown area (which is a pretty good location, esp for partying ;) and older/richer people….being safe and all), and although it was just a studio apartment, it would get the job done for a weekend or so! I’m thinking i could have probably rented it out for let’s say, umm…..$1,000 for the weekend?
Although, it might get pretty sticky if you’re actually renting it yourself ;) So would probably be best if you owned your place, but maybe it really wouldn’t matter, i dunno i’m no expert. The point is, that’s a LOOOOOT of money you can earn super quickly, and for basically nothing.
Here are all the pros and cons i could conjure up in a case like this:
The Pros of Being a House P.I.M.P.
For you: $1,000-$10,000 in cash! perhaps some new scenery for a bit?
For renter: their own cozy place! own living room, dining room (presumably), bedroom(s), a whole freakin’ place. Plus, no more worrying about hotels all sold out and/or crazies keeping you up all night there.
The Cons of Being a House P.I.M.P.
For you: You’d have to find somewhere else to live for a bit (Hello, Mom?). You’d also be opening up your whole life to strangers! Think: stealing, trashing, etc.
For renter: Could be more expensive to rent out a house/condo than a hotel, esp. the closer the time gets to booking it. Possibly no access to gym/pool/concierge, etc.
This whole thing is pretty insane if you ask me, but that’s the beauty of this country – we can do whatever we wish :) I’m gonna keep my eye on this and see how much higher these prices get as time goes on. I guarantee they just get crazier and crazier! Would you do it?
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!