I Make $10,000 on Airbnb for My Augusta Home During Masters Week

  • Tipton Sholes is a medical resident at present on go away and house owner in Augusta, Georgia.
  • He lists his four-bed, two-bath residence for about $1,300 an evening throughout the Masters annually.
  • It is a large assist in paying his mortgage, he says. This is his story, as instructed to author Jenny Powers. 

This as-told-to essay is predicated on a dialog with Tipton Sholes, a house owner in Augusta, Georgia, about renting his residence on Airbnb throughout the Masters Match. It has been edited for size and readability.

I first received the thought to lease out my home the week of the Masters Match from my older brother. 

Tipton Sholes

Tipton Sholes.

Courtesy of Tipton Sholes

In 2012, my brother, who’s 4 years my senior, moved from our hometown of Gainesville, Georgia, to Augusta to do his medical residency. He purchased a house in Augusta and yearly he’d publish a labeled on Craigslist and lease it out the week of the Masters. 

In 2016, I wound up transferring to Augusta to start med college myself and purchased my own residence in Augusta, a four-bedroom, two-bathroom lower than a mile from Augusta Nationwide, the house of the Masters. I made a decision to take a web page from my brother’s playbook and commenced renting out my own residence that very same week annually, too. 

As a substitute of utilizing Craigslist, which did not have any actual sort of vetting course of for renters, I selected to listing my residence on Airbnb, which requires potential company to present government-issued ID and credit-card data.

Tipton Sholes

Tipton Sholes

This week, I will earn greater than $10,000 over the course of eight nights, which has particularly come in useful as a result of I used to be recognized with a medical situation that is held me again from finishing my ultimate 12 months of medical residency.

I noticed by merely renting out my residence for eight nights, I might earn sufficient to virtually pay my mortgage for the whole 12 months, so I stored on doing it

Tipton Sholes

Tipton Sholes

The primary two years I rented out my residence for Masters week, I used to be doing my medical residency, so once I wasn’t on name, I would just sleep in an on-call room within the hospital. Nowadays, I hop within the automotive and spend the week visiting my mother and father in Gainesville.  

Quite than try to lease my residence to 1 occasion for the total event at a high-ticket worth, I break it down into smaller chunks of time, making it extra reasonably priced.

By doing so, I sometimes wind up internet hosting three to 4 teams over the course of eight days. The common evening runs someplace between $1,300 and $1,375. 

I’ve elevated the costs barely since I final rented it in 2019 (I did not lease it out in 2020 and 2021 because the event’s in-person attendance was restricted by COVID-19), however I’ve tried to maintain it fairly constant. 

Lodging, particularly like mine which might be inside strolling distance to the course, are in nice demand yearly

Tipton Sholes

The outside deck of Sholes’ residence.

Tipton Sholes

There are at all times a number of inquiries and folks ready within the wings if somebody ought to cancel.  

In anticipation of this 12 months’s event, I listed my residence on Airbnb in December, and inside just some days, folks have been already reaching out with reserving inquiries.  

This week, I am internet hosting three separate teams — a bunch of 4 guys for 3 nights, 4 {couples} for 2 nights, and proper now, I am internet hosting one other group of 4 guys for 3 nights. 

General, it has been an ideal expertise — I’ve by no means had any points with company

Everyone is at all times very respectful and leaves the home in nice situation. Even in conditions the place company determine to depart early, nobody ever contests paying the total quantity. 

At first of the week, my first group of 4 guys, who instructed me they flew in on a personal jet for the event, determined to chop out a day early as a result of rain, however they paid for the scheduled evening anyway. 

Having the chance to lease my residence out by Airbnb has actually been a blessing for me financially throughout this era of my life once I’ve been unemployed and on medical go away.  

The flexibility to lease my residence has allowed me to maintain up with my mortgage funds and actually keep above water — and for that, I am very grateful. 

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