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Show ects Pe tats atl ae oe ue fe Ve | . | ao ALL en eee ae IN Se _ Show Me But demand i isn’t likely to be asspore as the Front wee Please TIM WESTBY COURIER STAFF Will homeowners really be able to cash in during the Games — ‘TIM WESTBY last October, 7 1 stay in your to 17 days in _ your mortgage buy a new Car. | In a little less than a year, irons of visitors from all over the world will be coming to Utah for the Olympic Games and they are all going to need someplace to stay, The allure of cashing in by renting out their homes to has many Wasatch County residents contemplating a dive into property management. — The potential for falie big bucks is there. As of late last week, 15 homes were listed as available in the Heber — Midway area on_utahhomes.com, the Salt Lake Organizing Committee’s official site for private accommodations. Prices started at — to the rich quick, it’s best to be cautious, say the experts. Renting out your home is not as simple.as handing over the keys and hightailing to Hawaii. The Park City Bar Association outlines many of issues homeowners should look into. HOW-TO continued on A6 » hear some of the prices people are getting and they think they can stick it to hopeful oes [spectators] for a lot of money,” says that Hogwood. And for specu tors whe are. ovine to drive, there are still deals out there. Hogwood says she got a call recently from one spectator who found a hotel ordered tickets. Despite the often overwhelmi number of phone calls that prope managers are receiving and the numbers some homeowners _ Bob Mathis, Wasatch County’s the : Olympic Coordinator, calls — demand moderate. “There is a venues are at Park City, the Rice Eccles Stadium at the University of | | Utah and the E Center in West Valley PHOTO BY TIM WESTBY With the Olympics less than a year: away, hotels, B&Bs and homeowners are hoping _ to cash in. demand but people are not snapping up everything,” says Mathis. Alts: < more of a buyer’ S market van a sellsome excepliond Hogwood Says the —er's market.” | average homeowner in the Heber‘Carolyn. Hoewood: agrees. _ Midway area can expect to rent for Hogwood runs Midway Designs about $100-a-night per person. In fact, Property Management, which rents she is beginning to get a lot of calls out homes just for the Olympics. With from people looking just for a couple of for private rentals in the — between Park City, Provo and ‘Salt RENTALS continued on A5 brought large and rowdy crowds, ie especially for the snowboard competition in PCMR’s new superpipe. Fans lined both walls of the halfpipe and _crowded the base of the resort. Nearly _ 10,000 school kids were bussed 1 in for. DEREK JENSEN MANAGING EDITOR need j he glare of winter y Olympic competition shone brightly on the Wasatch Back over the weekend, then quickly went away— until next February. Park City events the event. The superpipe was filled a : smoothed by Sunday to make way for the giant slalom. Mountain Several before next Resort— Yet part of the time last » biathlon World Cup during the week, while snowboarders had to do the same Sunday during along | Both venues now have less than a 3 year to brace for bigger crowds than they’ve ever seen. week, the same sun and warm weather that attracted specta- -. _ tors posed serious problems ‘sa for the snow. Skiers had to ~ _ power across the ‘soft track at. Soldier Hollow for the— A students, The phalanx impressed the European press—on assignment to broadcast the event live across Europe. _ ‘The snowboarding World Cup will air March 11 on ESPN. year’s the venues Olympic-ready. thousand with vocal “Spirit Leaders” were also on hand at Soldier Hollow for biathlon. Games. By most athlete — accounts, the competitions — were a_ success, leading © organizers to proudly deem ¢ demand Heber Valley in perspective. “This is a very isolated valley Soldier Hollow and Park Citycan final ‘test’ events before Olympics hosted their final Olympic test — cies chSOREbooneESSStajoaedesahd ges Fa: APP S City. “He got a room for a $83, but he’s going drive a $180 miles'a day,” says Hogwood. Mathis puts the lack of crushing enues Ready y for 2002 Games | Under brilliant sunny skies, Soldier Hollow and eR ae RP bleSo. incase | room for $83 in Logan even though his tossed about, the rental. market fi Wasatch County is still sketchy. | will for started sending out confirmation let- ters Despite the possibility of getting. homeowners demand 3 - While demand i is Bony: fi Gpeoed says, she has stopped accepting homes for the time being until she catches up on the demand. “People ly strong. Demand were ratcheted up _ a notch in February, after SLOC | $925 nightly for a two-bedroom home in Heber and topped out at $2,257 a night for a six-bedroom Midway First, action. private home rentals was immediate- _ Or take a cruise. home. rooms to rent ee they only pian to catch three or four days worth of hen tickets for the 2002 a Winter Games went on sale he possibilities are appealing: Let someone home for up February 2002 and pay _ for the entire year. Or ase) eel ia Olympic Rental Fever Grips Wasatch — the Money -COURIERISIAEE ae ee Sees Heagthe, ‘PHOTO BY DEREK JENSEN tier cavorts above the Se of PCMR’s superpipe, the — venue for the 2002 snowboard halfpipe coMmpetlttan:. the parallel giant ~MARRIOTT i LIBRARY, - ARCHIVES -295South 1500 East Salt Lake City, UT, 84112 _- POSTAL PATRON ~ Presorted « Standard © U.S. Postage Paid | » Heber City, UE Permit No. 32005 & |