CrashPad Rental?

[Julian Barnes]

Hi guys.. name is Jugo. Have'nt been on here in awhile but I had a question. After MUCH brainstorming about how to maximize cash flow from a rental, I've decided to turn my home into a Crashpad. That is, renting BEDS versus just the rooms of a home, to flight attendants/pilots.

Not too much detail, but here it goes:
1. I wont be renting by the month, but rather by the quarter. (every 3 months) This way, I avoid the "chasing" money headaches every month. All tenants pay on a 3 month minimum..UP FRONT. This is stated in lease agreement.

2. In a 3 br home, that's 7 beds! (including sofa bed in living room) @ 3 month minimum. At $250 per bed, quarterly, this adds up to $750 per tenant. With 7 tenants this equals: 5,250dollars! The best thing is, this figure is every 3 months.
(5,250 x 4 quarterly months) = 19-21k annually.

I chose this method of renting b/c I hate chasing tenants down for rent / the tenants will be travelling 90% of the time (maintenance costs down) / tenants already have background checks done thru their employer (USAir/Delta, etc.) / I work @ the Airport and know several pilots/fa's already! :)

So, that being said; I could'nt find ANY info on here, so I was wondering if the vets here can give some insights on pitfalls, warning signs, etc. Maybe some helpful tips?
Thanks in advance... :)

Jugonaut
:cool: