Wednesday, May 21, 2008

Do You Have an Unused Crashpad in Your Home?

I already have one client looking into this! If you're in the right location, this could be a pretty painless way to take the edge off your monthly mortgage payment.
"Some property owners who live near airports are earning a substantial income each month by renting out spare rooms to airline employees who find hotel accommodations too expensive.

When airline crew members live in one state, but travel to another for work, the airlines are not always required to pay for their overnight accommodations. In most cases, flight crews are offered complimentary hotel rooms only when en route or on a layover. Residents of neighborhoods near airports solve this problem by renting out what the airline industry calls 'crashpads.'

These spots range from minimal accommodations – bedrooms outfitted with bunk beds and access to a bathroom – to plusher accommodations, including transportation to and from the airport, swimming pools, and a laundry facility.Residents charge from $250 to $350 per month per bed in most areas. Landlords can advertise their crashpads on niche Web sites such as: Airlinecommuter.com, Crashpads.com, and Airlinecrew.net."

For the Realtor magazine article: http://www.realtor.org/RMODaily.nsf/pages/News2008051305?OpenDocument

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