No. of Recommendations: 1
I've never done it. I've had a SFH that I've rented out for 7 years. I think you can make good money but I'd be worried about potential damage since it seems like more than a few people tend to rent them out for parties.

I think if you had enough money where you had several properties (to spread out the risk) you could do very well. Or if you have enough money where if something went bad, you wouldn't be in serious financial distress.

I know when I lived in Scottsdale people would rent out their homes during certain peak tourist times (Super Bowl week, maybe spring training, NCAA tournament) and could make enough to almost cover the mortgage for the entire year. And this was pre-Airbnb.

Do your homework and be careful.

Rich
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