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Homeowners Get a Chance to Cash In on the US Open

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A few weeks ago signs started popping in Queens neighborhoods near Arthur Ashe stadium, enticing people to rent out their homes for big bucks when play begins at the U.S. Open.

"I would do it in a second," homeowner Michael Panas told PIX News.

The lure of easy money is apparently working. Arizona based company, Major Event Rentalz, placed the signs and already has 10 area rentals listed on it's website.

The asking price for one home in Broadway-Flushing is $5,200 a day. And it seems there is already interest in a Fresh Meadows mansion for $10,500 a day. But back in Broadway-Flushing neighbors are outraged.

"It's exploitation!" exclaimed Mel Siegel.

You won't find any signs around here, they've pulled out and tossed. Most people in this neighborhood are angry that a company in Arizona would come here to try and make a quick buck.

"They're going to pay a lot of money, but it's going to disrupt the community," said Sandra Viviani. "We don't know how many people are going into these homes."

Not true says Major Event Rentalz, they contend the majority of their clients are from corporate America who can afford to pay more for comfort and privacy adding quote.

Even a modest house in Flushing is listed on the website for $3,500 a day.

Michael Panas who lives nearby, hopes they get their price.

"If my house was big enough, I would do it," said Panas.

The web company nets a 10% fee and for its services, which includes the listing and costs for a local real estate agent to broker the deal between the homeowner and renter.

Copyright © 2014, The Baltimore Sun