5 Tips to Run a Successful Vacation Rental in Canmore

Successful vacation rentalInvesting in a vacation rental property is smart for many reasons. This location almost guarantees a steady stream of demand all year long, with outdoor recreation opportunities for every season, an awesome restaurant scene, the world renowned Banff National Park just minutes away, and something for every age and ability to enjoy in the area. 

Want to learn more about the types of properties available in your price point in Canmore, or talk with us about how we can help you find your ideal investment property? We would love to help, so contact us any time. 

Once you have decided to invest in a vacation rental in Canmore, pay attention to these 5 tips for success with your investment. 

1. Keep your descriptions updated and consistent 

Most vacation rental owners list their properties on multiple platforms, like Airbnb, VRBO, and/or a personal website. Make sure to pen high quality, professional descriptions that are consistent across all of these platforms. As you make changes to the property or update it, be sure that your descriptions on each platform reflect the updates. 

Updates to your description might include ways you have changed or upgraded the property, like renovating the kitchen, adding new mattresses, or making the vacation rental more family friendly. They might also include things that have been added in the area, like a new coffee shop built within walking distance or a tourist attraction that is now within minutes of your rental. 

2. Invest in quality photos

Your guests will decide between your property and another based on the online listing, and perhaps most significantly based on the photos. Invest in high quality photos of your listing, hiring a photographer if you know this isn't one of your strengths. 

3. Stand out from competition

Pay attention to your competition in the area to get an idea of how you can stand out from other nearby vacation rentals. Take the time to wow your guests by offering amenities that are hard to find in the Canmore area, considering who your ideal guest might be and what they might be looking for in a rental.

It may take time to built a body of happy guests' reviews that reflect the details you have added to the rental, but it will pay off! 

4. Listen to your guests' reviews

If you are unsure about what changes to make to your vacation rental to make it as successful as possible, pay close attention to your reviews. Look for major complaints, patterns of similar comments from multiple guests, and the things your guests most enjoyed. These can guide the changes you make to the rental, as well as the features you might want to highlight in photos or the description.

5. Install smart home features

One of the best ways to invest in both the guest experience and the efficiency of the business is installing smart home features in your vacation rental property. Smart locks for safe and secure entry (and avoiding the potential for lost keys), thermostats you can adjust from afar before a guest arrives, and smart TVs are just some of the ways you can make a better experience for your guests, limit the tasks for which a property manager is needed, and make your process more efficient.

Ready to learn more about owning a vacation rental in Canmore? Contact us any time.

85 Properties
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$593,040
Neighbourhood: Bow Valley Trail
1
Beds
1
Baths
615
Sq.Ft.
2009
Year Built
1
Day on Site
A2022389
MLS®
This is your opportunity to invest in the most desirable sector of Canmore's real estate market. Currently generating lucrative revenue stream on AirBnB. Open concept, one bedroom suite captures the...
$1,050,000
Neighbourhood: South Canmore
3
Beds
2F11/2
Baths
1,056
Sq.Ft.
1997
Year Built
1
Day on Site
A2021985
MLS®

https://www.youtube.com/watch?v=tQxh1pCR2FA&t=1s Remarkably renovated in a coveted South Canmore location, this 3 bedroom townhome boasts incredible mountain modern design and high quality...
$1,575,000
Neighbourhood: Eagle Terrace
3
Beds
3F11/2
Baths
2,247
Sq.Ft.
2003
Year Built
2
Days on Site
A2021813
MLS®
In Eagle Terrace situated on the ridge overlooking a wood reserve, this 4-level end unit townhouse on the sunny side of the magnificent bow valley has 3 bedrooms and 3.5 bathrooms. On the main level...
$3,385,000
Neighbourhood: Eagle Terrace
4
Beds
3
Baths
2,556
Sq.Ft.
2004
Year Built
2
Days on Site
A2021923
MLS®
Masterfully designed home on a spectacular Eagle Point lot. Perched high above on a massive and private lot, this property was designed by Loren Harms and built by one of Canmore's most reputable...
$868,000
Neighbourhood: Town Centre_Canmore
2
Beds
2
Baths
909
Sq.Ft.
2000
Year Built
3
Days on Site
A2022151
MLS®
This turn key fully furnished spacious condo features an open floor plan spread over 900 sqft. It boasts panoramic views of the three sisters mountain range while overlooking the quaint and iconic...
$1,319,000
Neighbourhood: Cougar Creek
4
Beds
2F11/2
Baths
2,013
Sq.Ft.
2002
Year Built
4
Days on Site
A2021874
MLS®
Amazing single family home on sunny side of the valley. Beautifully kept up four bedroom property in a family friendly neighbourhood with lots of outdoor space and garage. The entryway welcomes you...
$577,395
Neighbourhood: Bow Valley Trail
1
Beds
1
Baths
602
Sq.Ft.
2008
Year Built
5
Days on Site
A2021380
MLS®
UNOBSTRUCTED MOUNTAIN VIEWS. This well appointed one bedroom, one bathroom unit in Silver Creek Lodge is south facing and features fantastic views of Three Sisters, Ha Ling peak and Rundle Mountain...
$1,299,000
Neighbourhood: South Canmore
3
Beds
3
Baths
1,747
Sq.Ft.
2008
Year Built
6
Days on Site
A2021581
MLS®
South Canmore fourplex built by Elk Run Custom Homes. Quality built three bedroom and three bathroom property with timeless mountain architecture. Street side orientation with amazing mountain views...
$2,451,000
Neighbourhood: South Canmore
4
Beds
3F11/2
Baths
2,933
Sq.Ft.
2022
Year Built
6
Days on Site
A2019948
MLS®
The majesty of the Canadian Rockies is reflected in the timeless mountain design of this spacious luxury South Canmore duplex. Quality craftsmanship and attention to detail are evident throughout...
$155,400
Neighbourhood: Bow Valley Trail
2
Beds
2
Baths
762
Sq.Ft.
2008
Year Built
6
Days on Site
A2021742
MLS®
Welcome to your affordable vacation home. If you love to visit Canmore but hate paying Canmore hotel prices this purchase is for you! Own your very own 1/4 share of paradise. With this purchase you...
$565,000
Neighbourhood: Cougar Creek
2
Beds
2
Baths
854
Sq.Ft.
1997
Year Built
6
Days on Site
A2021708
MLS®
Cougar Creek apartment with stunning views. Two bedroom, two bathroom property with fabulous views and plenty of sun. The entryway welcomes you into an open concept kitchen, dining and spacious...
$1,095,125
Neighbourhood: Three Sisters
2
Beds
1
Baths
1,537
Sq.Ft.
2023
Year Built
9
Days on Site
A2019147
MLS®
Situated in the Three Sisters Mountain Village, The Hortus is a complex of nine exclusive sophisticated one level condos offering floor to ceiling windows that capture the most spectacular mountain...

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