With Derby right around the corner, what could possibly be worth the risk to rent your Louisville home to total strangers? How does $20,000 sound? That’s something certain homes will garner when renting your home for Derby.
I assure you, that’s the exception rather than the rule, but there appears to be a very strong market for short-term rentals here in Louisville during the Derby season.
You have to hunt through the listings on Airbnb to find possible rentals, but homeowners near Churchill Downs can expect to make well over $1000/week renting to tourists hitting Louisville for the Kentucky Derby.
What if your home isn’t close to the track? Never fear, just call out to the high-end clientele. Take the Reserve Derby Grand, for instance. This 5-bedroom estate home with a view of the lake sleeps 12 people and is just a short drive (i.e. 25 miles) to the race track.
If this sounds interesting to you, keep in mind that you should certainly be careful what valuables you leave on the property while you’re away. It’s also a good idea to check with your insurance company to see if you might need additional coverage to your standard homeowner’s policy. But if you want to earn the big dollars of a vacation rental property, here in Louisville there’s no time like the Derby.
So what do you think? Will you be renting your home for Derby?