Arizonans renting out homes for visiting sports fans

Sep 5, 2012, 5:49 PM | Updated: 5:50 pm

It’s a home away from home, literally.

Visiting sports fans are increasingly looking to private homes to meet their needs while they are in the Valley to enjoy NFL football, collegiate football, golf or other major events.

This type of lodging has become more popular, not only for those attending sporting events, but for anyone who is traveling with a large group.

“It’s truly a more enjoyable way to spend a trip,” said Mike Doyle with Arizona Sports Rentals.

Doyle called the agreement a “win-win” situation.

“People who own the homes can make a substantial amount of income by renting out their property,” he said. “The last time the Superbowl was in Arizona, a man rented a home within a mile of the stadium for, I believe, it was $13,000 to $14,000.”

Not all rental agreements will result in such a return because it all depends supply and demand and, of course, the event itself.

Reputable companies, like Arizona Sports Rentals, enter into a written contractual agreement with the renter and require hefty security deposits. A stipulation is that the property is left intact, however, there is always risk that your property could be damaged.

Interested homeowners should check with their insurance agent as to what is covered under their homeowner’s insurance.

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Arizonans renting out homes for visiting sports fans