I have a three bedroom townhome in CS that is currently being used by our daughter. When she graduates I am interested in turning the property into a game day/special event rental property. Anyone have any experience doing this? listing websites? Management companies? Thanks

Here's a couple links to companies that are geared towards vacation/game day rentals and will manage your property (I think they will anyway):

http://aggielandvacationrentals.com

http://tricaprealty.com/propertysearch/gamedayrentals

Or you could go the VRBO route and do it on your own. Or there are a zillion other property management companies in BCS that aren't necessarily vacation/game day focused but rental property in general.

How much are you looking to get?

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How much are you looking to get?

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What ever the market will bear. My guess would be around $400-500 per night, 2 night minimum. I would just prefer to rent it out 6-8 x/yr vs renting to college students that I do not know.

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Here's a couple links to companies that are geared towards vacation/game day rentals and will manage your property (I think they will anyway):

http://aggielandvacationrentals.com

http://tricaprealty.com/propertysearch/gamedayrentals

Or you could go the VRBO route and do it on your own. Or there are a zillion other property management companies in BCS that aren't necessarily vacation/game day focused but rental property in general.

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thanks for your advice!

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How much are you looking to get?

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What ever the market will bear. My guess would be around $400-500 per night, 2 night minimum. I would just prefer to rent it out 6-8 x/yr vs renting to college students that I do not know.

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I've been paying attention this season for friends looking to book on game nights. There are many folks out there renting their places for less. I'm not saying you'd fail in renting out every home game at that price, but there are cheaper options that will likely go before yours, if you stick to that price.

Also consider there are other events besides game weekends that people look to book, and if you are over priced you likely won't get those bookings.


Best wishes, and this is just my two cents.

www.vrbo.com

I remember our first year of the SEC, the City of College Station making some noise about gameday rentals within the city limits. Anyone doing this experience or hear of them actually cracking down on this?

Game day rental - City of CS

I know the city did put some teeth in the rental registration program several months ago. I do not know if they are doing any enforcement or not but if they do catch you with rentals that are not registered the fines are stiff. Just another tax in my opinion.

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I know the city did put some teeth in the rental registration program several months ago. I do not know if they are doing any enforcement or not but if they do catch you with rentals that are not registered the fines are stiff. Just another tax in my opinion.

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I'm familiar with the rental registration as I have rentals in the city limits. You have to renew those each year and if you are late you get a nasty-gram as I have done from time to time before clearing it up (fines can also be levied as you mentioned).

This was more of question of them coming to you and claiming you are running a bed & breakfast (and I assume due back hotel tax to the city) or fine you for running an unregistered "hotel". This article and the city ordinance is kind of vague on what the real rules are IMO.

I would think the hotels within the city limits would be in the city counsel's ear to enforce this as much as possible because if they could eliminate game-day rentals you could create more demand for hotel rooms which equals increase room rates and more opportunity to build more hotel rooms.

game day rentals are falling under a different category from rentals...they are being viewed more as a bed and breakfast or hotel/motel property....you may or may not be required to pay a hotel tax and register as a hotel....the comptroller did make some calls to people last year to enforce the tax...they actually were calling directly off of the VRBO website. Be careful and do your homework. I had a friend that did it and paid the taxes required and was very happy...i had another friend that was told by the HOA that the gameday leases were not allowed....as a realtor in BCS I am seeing some people have great success...others are pretty disappointed...the ones that are happy got into it with all the information before hand...best of luck!

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How much are you looking to get?

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What ever the market will bear. My guess would be around $400-500 per night, 2 night minimum. I would just prefer to rent it out 6-8 x/yr vs renting to college students that I do not know.

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looking at the numbers:

8 x/yr (16 nights) at 500/night = $8000 income
vs. at least 10 months/yr at $1200/mo = $12000 income

8 "make-readies" per yr including providing clean sheets, etc.
vs. 1 per yr or less if they renew the lease.

that's a lot of time and money lost due to fear of college students. horror stories exist, but most students will be fine. just get a good deposit and co-signs from rich parents.

good luck either way