I’m making $10,000 Airbnb for my home in Augusta during Masters Week

  • Tipton Sholes is a doctor, currently on vacation, and homeowner in Augusta, Georgia.
  • He lists his four-bed, two-bath house for about $1,300 a night every year during the Masters.
  • It’s a big help in paying off his mortgage, he says. Here is his story as told to writer Jenny Powers.

This essay is based on a conversation with Tipton Sholes, a homeowner in Augusta, Georgia, about renting out his home on Airbnb during the Masters tournament. It has been edited for length and clarity.

My older brother first gave me the idea of ​​renting out my house during the week of the Masters tournament.

Tipton Sholes

Tipton Sholes.

Courtesy of Tipton Sholes

In 2012 my four year older brother moved to Augusta from our hometown of Gainesville, Georgia to complete his residency. He bought a house in Augusta and placed an ad on Craigslist every year and rented it out during Masters week.

Eventually, in 2016, I moved to Augusta to start medical school myself and bought my own home in Augusta, a four bedroom, two bathroom home less than a mile from Augusta National, home of the Masters. I decided to take a page out of my brother’s playbook and started renting out my own house that same week every year.

Instead of using Craigslist, which didn’t really have a tenant verification process, I chose to list my home on Airbnb, where prospective guests are required to provide government-issued ID and credit card information.

Tipton Sholes

Tipton Sholes

This week I’m making over $10,000 in eight nights, which is especially handy because I was diagnosed with an illness that prevented me from completing my senior year as a doctor.

I realized that by simply renting out my house for eight nights, I could make enough to practically pay my mortgage for the whole year, so I moved on

Tipton Sholes

Tipton Sholes

For the first two years that I rented my house for Masters week, I was doing residency, so when I wasn’t on call I just slept in a hospital emergency room. These days I get in the car and spend the week visiting my parents in Gainesville.

Instead of trying to rent my house out to one party for the entire tournament at a high ticket price, I break it up into smaller time slots to make it more affordable.

In this way I usually host three to four groups over the course of eight days. The average night is somewhere between $1,300 and $1,375.

I’ve increased the prices slightly since my last rental in 2019 (I didn’t rent it out in 2020 and 2021 as in-person tournament participation was limited by COVID-19), but I’ve tried to keep it pretty consistent.

Accommodations, especially like mine, which are within walking distance to the square, are in great demand every year

Tipton Sholes

The outside patio of Shole’s house.

Tipton Sholes

There are always a lot of requests and people waiting in the wings if someone should cancel.

In anticipation of this year’s tournament, I listed my home on Airbnb in December and within days people were reaching out to me with booking requests.

This week I am hosting three separate groups – a group of four men for three nights, four couples for two nights and right now I am hosting another group of four men for three nights.

Overall it was a great experience – I’ve never had any problems with guests

Everyone is always very respectful and leaves the house in great shape. Even in situations where guests decide to leave early, no one disputes paying the full amount.

Earlier in the week my first group of four guys, who told me they had flown in on a private jet for the tournament, decided to cancel a day early due to rain, but they still paid for the scheduled night.

Being able to rent my home through Airbnb has truly been a financial boon to me during this time of my life when I was unemployed and on sick leave.

Being able to rent out my home has allowed me to keep up with my mortgage payments and really stay afloat – and I’m very grateful for that.

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