Luxury Connect
Meet the Luxury Leaders | October 19-20 | Beverly Hills

Q: I rent an apartment in a great location in a tourist-heavy city. Frequently, big events come to town, like sports events, conventions and festivals, which attract many visitors, some of whom would prefer to live in an apartment rather than a hotel. I'm planning on moving in with a friend for a few weeks next summer and renting my place to these tourists. I can earn a lot of money from this. Besides a risk to my belongings, is there any downside to this plan? --Randy S. A: Before placing your ads, you might take a look at your lease. If it's even half-way comprehensive, it will have a "no subletting without consent" clause. That clause is intended to prevent tenants from turning their rental over to someone else for a period of time (or renting out part of ...