Shark Tank Rent Like A Champion Update 2026

In 2006, Drew Mitchell and Mike Doyle had an empty apartment in a college town. They decided to rent it out for a Notre Dame football weekend, and it got booked right away. They saw that visiting fans struggled to find places to stay near the stadium, so Drew started Rent Like a Champion; a website where homeowners in college towns can rent their homes to fans. This makes travel easier for fans and helps homeowners earn extra money. Let’s see if their company can secure a deal in our Rent Like a Champion update and pitch recap.

If you’re short on time, here’s a quick overview of what happened to Rent Like a Champion after Shark Tank.

Drew and Mike entered Shark Tank Season 7, seeking $200,000 for 10% equity in their Vacation rentals business. After their pitch, they reached an agreement for a deal with Mark Cuban and guest shark Chris Sacca for $200,000 for 10% equity.

In terms of a Rent Like a Champion update, the company expanded beyond college football towns, securing partnerships with six PGA golf tournaments and later offering accommodations for NASCAR events.

Shark	Result
Mark Cuban and Chris Sacca	Accepted offer of $200,000 for 10% equity
Kevin O’Leary	$200,000 for 15% equity
Robert Herjavec	No offer
Lori Greiner	No offer

Shark Tank Rent Like A Champion Pitch

Entrepreneurs: Drew Mitchel and Mike Doyle
Business: Vacation rentals for college football games
Ask: $200,000 for 10% equity
Result: $200,000 for 10% equity
Sharks: Mark Cuban and Chris Sacca

Drew and Mike stepped into Shark Tank, ready to change the way college football fans experience game-day weekends.

They’re asking for an investment to expand into 43 more college towns, giving thousands of fans better places to stay on game weekends.

Rent Like a Champion is a short-term rental service designed for college football fans.

Instead of staying in hotels far from stadiums, customers could book homes near game-day events through the company’s website.

Unlike traditional vacation rental services, their business focused on smaller towns with strong football followings but limited hotel options.

Robert Herjavec immediately questioned how their service differed from Airbnb. Mike explained that while Airbnb catered to vacationers, Rent Like a Champion specifically targeted football fans in towns like South Bend, Indiana.

However, Robert remained skeptical, asking why customers would choose a lesser-known company over an established platform.

In response, Mike clarified that many homeowners in these areas weren’t even aware they could rent their homes.

To address this, the company used digital marketing to educate them. Moreover, they ensured at least 50 interested homeowners were signed up before launching rentals in a new town, creating a reliable supply of listings.

Guest shark Chris Sacca then raised concerns about the reliability of football fans as tenants. His point resonated with Lori Greiner, who decided to drop out, citing potential issues with property damage.

However, Mike quickly countered with reassuring data. Only 1.9% of rentals had ever been damaged, and the average security deposit charge was just $95, showing that the risk was minimal.

Kevin O’Leary, who had personally experienced the struggle of finding hotel rooms in South Bend, acknowledged the demand.

Nevertheless, he wanted to know if the company had raised any money before. Mike confirmed they hadn’t and explained that the investment would fund expansion from 20 to 40 towns.

The plan involved marketing to homeowners through local newspapers, TV stations, and direct mail advertising.

Kevin made an offer of $200,000 for 15% equity. However, Chris quickly countered with $200,000 for 10% equity and suggested Mark Cuban join him.

Surprisingly, Mark agreed, splitting the investment.

Without hesitation, Drew and Mike accepted but added one condition: Mark and Chris had to attend a sports weekend with them in South Bend.

Chris agreed, but Mark, a known Notre Dame rival, refused with a laugh. With that, the deal was sealed.

Let’s get a Rent Like a Champion update to see where the company is right now.

Shark Tank Rent Like a Champion Update

Our Rent Like a Champion update found that the deal with Mark and Chris closed successfully.

Moreover, in the year following the investment, the company reported $5.46 million in sales, more than doubling its previous year’s revenue of $2.3 million.

The company expanded its services beyond college football towns, partnering with six PGA golf tournaments to provide accommodations for players, caddies, and sponsors.

In August 2021, Rent Like a Champion had over 3,000 homes listed in more than 27 towns and had extended its services to include accommodations near NASCAR events, as well as football and golf games.

At the time of this writing, our Rent Like a Champion update research revealed that the company has an annual revenue of $12.6 million.

We are calling this Rent Like a Champion update a success.

Make sure you check out our other company updates from Shark Tank Season 7 Episode 6 before you go!

Before you go, be sure to check out our list of all the Shark Tank Season 7 products.

Andrew Smith

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Andrew is a lifelong fan of Shark Tank and an entrepreneur at heart. He started Shark Tank Recap because he wanted a single place to track what happens to the companies, founders, and deals after they air on TV. With a sharp eye for business insights and a passion for all things Shark Tank, Andrew makes sure every recap is accurate, engaging, and fun.