The U.S. Men’s and Women’s Opens will be held in Pinehurst in 2014. This event will provide an exciting, money-making opportunity for qualifying, local homeowners. Read further for all the details.
June 2014 will be an exciting time in Pinehurst…and it’s only two years away. It all starts with the Men’s U.S. Open Championship, June 9 through June 15, 2014. Following immediately after the men’s event, the Women’s U.S. Open will run from June 16 to June 22, 2014. During the Championships, Moore County will welcome well over 25,000 visitors per day, including a multitude of spectators, the players, their caddies, the event’s corporate sponsors, lots of sports retailers and, of course, the national and international press core and TV crews.
All these folks will need somewhere to stay! Our local hotels, which have more than adequate resources for Pinehurst’s normal, golf-mecca needs, will not have the rooms required to accommodate all the people attending these special events. Therefore, alternative accommodations will be sorely wanted in the Pinehurst area. This need creates opportunity for you, Pinehurst’s local homeowners. You can rent out your home during the men’s Open, the women’s Open or both. Here’s how…
Prudential Gouger O’Neal & Saunders Real Estate is committed to helping you through this unique rental process. Our dedicated website for this event is: http://www.usopenrentalproperties.com/
The following is a brief outline of Prudential’s services:
Prudential will offer you a limited service rental program and a full service program.
• Limited Service
• Full Service
• Renting FAQ’s
Before you decide to rent, Prudential will:
• Review your home
o Discuss the physical home requirements
o Your possible investment to meet rental standards
o Determine your home’s rental price
• Review the rental contract
After you have made your decision to engage our services -
• Market your home to corporate clients and sponsors, national/international press, golf fans, etc.
• Take necessary pictures for the Internet marketing of your home
• Advise you when preparing your home for rental
• Collect all monies, including rental and security deposits
• Be here all week to keep watch on your home.
Important information: IRS facts about renting your home. From Publication 527 -
"Property rented less than 15 days. If a property is rented less than 15 days, it's primary function is not considered to be rental and it should not be reported on Schedule E (Form 1040). You are not required to report the rental income and rental expenses from this activity ." That is, if you use the property as your primary home and you rent it less than 15 days during the year, that time is not treated as rental activity and you do not include any of the rent as income for the year and you cannot deduct any of the rental expenses. Not a bad perk!
Internal Revenue Service Fact: http://www.irs.gov/taxtopics/tc415.html
Though there are many months before the event, plans are already being made by the USGA concerning everything from transportation, road closings, tents, and many other areas. A very high percentage of needed sponsorship for the event has already been purchased by major corporate sponsors and many of them will be looking for places to stay. Now is the time to begin marketing your home for rent.
Let us do the work for you.
CONTACT US by e mail or Call us at 910-692-2635.
