Rent Like a Champion from Shark Tank

Rent Like a Champion shark tank

The Rent Like Champion review will explain all that you need to know about Airbnb for sports. What started as a rent portal for college football has now snowballed into several different sports. Find out how you can benefit from this site either as a host or a sports fan.

What is Rent Like a Champion?

Rent Like a Champion is ideal for college football fans with a base model similar to an Airbnb. You may have guessed at this point that this app is about renting space to watch college football games. And that’s exactly what it is about. The good news is that fans of other sports can also avail this site. Although it started as a college football rent portal, other sports are now on offer like NASCAR, golf, basketball, and more.

Here is how it all started in 2006. Yes, this was eons back, a full 2 years before Airbnb. Founders Derrick Shenk and Drew Mitchell put an ad on Craigslist for their vacant apartment so that football fans could rent it over the weekend for watching Notre Dame football matches.

Just like that, their apartment was soon rented and the two found themselves with a steady income stream from property that would otherwise sit idle. The two savvy entrepreneurs realized that they were onto something and that there was serious money to be made for such kinds of rentals.

After this initial success, they decided to expand this rental business model to other college locations.

Here is how it works in simple words. Suppose you own property that you would like to offer for rent over the weekend for the upcoming big college football game. Just head over to Rent Like a Champion where you can list your property. Sit back, relax and watch the applications pour in. Think of it as a sort of Airbnb or Craigslist with a very specific niche – renting property for weekend college football games. And that’s about it.

The scheme is a win-win situation for all concerned. If you are a property owner, you get to earn passive rental income over the weekend. If you are a sports fan, you don’t have to worry about finding suitable accommodation for watching the big game.

Are They Still an Active Company?

They are very much an active company that is snowballing with each sports season. Over the years, they have added more sports into the mix besides college football, like the PGA Tour, NASCAR, basketball, and so on. Hence, they are diversifying and things look good for them.

How Did the Shark Tank Pitch Go?

Founders Mike and Drew entered the Shark Tank where they offered 10 percent in return for $200,000. Chris Sacca and Mark Cuban struck a deal with them worth $200,000 in return for a 10 percent stake. Hence, things went exactly as planned.

Our Review of Rent Like a Champion

We found that Rent Like a Champion offers a good deal of features that hosts and sports fans can make use of. This eases sports fans’ headaches of finding lodging in time and ensures that hosts rent to the right crowd.

If you are a host, you can visit the site and create your very own free profile where you display your property. As you might expect, hosts need to put up good quality images of their accommodation, write a meaningful description and of course, note down the rent amount that they expect.

Sports fans in return get to check out what’s on offer for free. They can peruse different listings to find spaces that look great, whereupon they can send their offers to respective hosts.

Payment is likewise straightforward. To seal the deal, both parties must sign the agreement. Both must agree on the rent, security deposit, and check-in/check-out. Your renters will then pay the rent amount along with the security deposit.

One key benefit of Rent Like a Champion is that college football fans can save money using this portal. Big groups can choose to stay at a single location instead of living separately and paying extra this way. This arrangement can come in handy especially when rental space is limited. Renting a property can become much easier this way for avid football fans.

Rent Like a Champion takes 15 percent commission. There is also a 2.9 percent transaction fee. Rent Like a Champion protects homeowners via comprehensive insurance that offers $1,000,000 in structural damage and liability.

If you are a homeowner, you can expect to make around $1,100 in rent during the weekend. You can list your property as frequently as you like for the whole football season.

Rent Like a Champion Pros

  • An easy way for property owners to earn money
  • Great for sports fans looking for fast and good lodging
  • Has expanded into other sports besides college football like NASCAR, golf, basketball, and so on.

Rent Like a Champion Cons

  • High commission

Who is Rent Like a Champion for?

Rent Like a Champion is for both property owners as well as traveling sports fans. It is the portal where hosts can put their property up for rent and wait for the applications to trickle in. sports fans can likewise browse through numerous listings and zero in on spaces that look good enough for their stay.

Are There Any Alternatives?

You can find alternatives like Airbnb and Craigslist. However, Rent Like a Champion may be better for sports fans since this is a specialized niche that deals only with sports.

Our Final Thoughts

The Rent Like a Champion review gave you an in-depth look into the rental portal that is getting bigger each year. You may want to look into it if you want to watch the big game in another city. Conversely, you can become a host if you have a vacant property to earn passive income via the zeal of sports fans.