Rent Like a Champion locates homes near college gameday venues. Mike and T. Drew Mitchell focus on big stadiums and line up homes in the stadium area.
They have processed 6.1 million dollars worth of rentals that earned them 1.4 million dollars in fees. Out of 4,000 rentals, they have handled 1.4 percent claims. The average claim against the deposit amounted to $98.
Rent Like a Champion focuses on different markets than AirBnB
Airbnb focuses on higher populated cities while Rent Like a Champion focuses on rural, large game venue places. They don't have a ton of inventory in the areas that they broker the rentals.
South Bend, Indiana is their biggest market. They had 200 homes the previous year. The company is debt free. They have no outside investors.
Company: Rent Like a Champion
Entrepreneur: Mike Doyle and T. Drew Mitchell
Ask: $200,000 for 10% equity
Companies in this episode: Rent Like a Champion, Hotshot, Windcatcher Technology, Stem Center, S.W.A.G.
Season: Season 7 Episode 706
Sharks: Mark Cuban, Chris Sacca, Kevin O'Leary, Lori Greiner, Robert Herjavec
First Aired: 10/30/2015
Deal: Chris Sacca and Mark Cuban $200,000 for 10%
What do the Shark Tank Investors say about Rent Like a Champion
- Mark Cuban tells Chris Sacca that he will go in on the deal at $200,000 for 10%
- Chris Sacca offers $200,000 for 10%
- Kevin O'Leary says he will do $200,000 for 15%
- Lori Greiner is out because their clients are likely to trash homes rented near Stadiums.
- Robert Herjavec did not make an offer.
Rent Like a Champion after Shark Tank
Rent Like a Champion is now doing other venues besides college football. They do golf, NASCAR, and more.
They have done over thirteen million dollars in rentals on over 4,000 homes. Representatives go into communities and pitch their home rentals with parties for other homeowners to see how they work.
They provide homes for PGA tourneys, specifically for the staff that runs the tournaments.
Making a Deal with Chris and Mark proves to be huge for their band and recognition in the sports world.