Comment on Renting out homes for Super Bowl can bring big bucks

Renting out homes for Super Bowl can bring big bucks

PHOENIX (AP) — Hundreds of people gather every year to hobnob with A-list celebrities at a charity bash thrown in the Super Bowl's host city. [...] instead of heading to a trendy nightclub or swanky restaurant, organizers this year are throwing the party inside a private home. The location reflects a trend in the Phoenix area, where homeowners have been renting their houses and condos to out-of-towners, a move that can bring big earnings for those willing to take the risk. Vacation home rentals have been available in the Phoenix area for years privately and through websites such as Vrbo and Airbnb, but the focus on the Valley of the Sun has never been sharper than this week, with the Super Bowl and Waste Management Phoenix Open golf tournament attracting tens of thousands of visitors on the same weekend. Hotels are heavily regulated with safety measures that keep visitors safe, said Kristen Jarnagin, senior vice president of the Arizona Lodging & Tourism Association. Homeowners, meanwhile, should take extra precautions and have backup insurance when they lease their properties to tourists, said John Candaso, an insurance agent with AAA Arizona.

 

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