I make more than $10,000 in 8 days renting out my Augusta home during the Masters. This week alone helps cover my mortgage for the entire year.

The essay is based on a conversation with a homeowner in Augusta, Georgia, about renting out his home during the Masters Tournament. It was edited for clarity and length.

I rented out my house the week of the Masters Tournament from my brother.

Courtesy of Tipton Sholes

In 2012 my brother moved from Georgia to Augusta to do his medical residency. He rented a home in Augusta every year after buying it and posting a classified on the internet.

I moved to Augusta to start med school in 2016 and bought a four-bedroom, two-bathroom home less than a mile from Augusta National, the home of the Masters. I started renting out my own home that same week each year, just like my brother did.

I chose to list my home on Airbnb, which requires prospective guests to provide government-issued ID and credit-card information, because it had a more thorough vetting process for renters.

Tipton Sholes

This week, I'll earn more than $10,000 over the course of eight nights, which has especially come in handy because I was diagnosed with a medical condition that's held me back from completing my final year of medical residency.

I realized by simply renting out my home for eight nights, I could earn enough to practically pay my mortgage for the entire year, so I kept on doing it

Tipton Sholes

I used to sleep in the hospital when I wasn't on call because I rented out my home for Masters week. I hop in the car and go to visit my parents.

I break it down into smaller chunks of time to make it more affordable, rather than trying to rent my home to one party for the full tournament at a high-ticket price.

I usually host three to four groups over the course of eight days. The average night is between $1,300 and $1,375.

I increased the prices slightly since I last rented it, but I have tried to keep it pretty.

Accommodations, especially like mine that are within walking distance to the course, are in great demand every year

Tipton Sholes

There are always lots of inquiries and people waiting in the wings if someone should cancel.  

In December, I listed my home on Airbnb, and within a few days, people were contacting me with inquiries.

A group of four guys for three nights, four couples for two nights, and another group of four guys for three nights are all being hosted by me this week.

Overall, it's been a great experience — I've never had any issues with guests

Everyone leaves the house in good condition. No one contests paying the full amount when guests decide to leave early.

My first group of four guys, who told me they flew in on a private jet for the tournament, decided to cut out a day early due to rain, but they paid for the scheduled night anyway.

Having the opportunity to rent my home out through Airbnb has been a blessing for me financially during this period of my life when I have been unemployed and on medical leave.

The ability to rent my home has allowed me to stay above water and keep up with my mortgage payments.