What Should I Look for in a Canmore Vacation Rental Property to Rent Out Right Away?

What Should I Look for in a Canmore Vacation Rental Property to Rent Out Right Away?If you're looking for a Canmore vacation rental property and want to rent it out in an efficient timeline, there are certain features you should have at the top of your list. While there are certainly some properties ready to be transformed into amazing vacation rentals, a major renovation project isn't for everyone. We can help you find homes for sale in Canmore that are ready to be rented ASAP, and here's what to look for in this type of investment property. 

Turnkey Ready

To minimize the time and effort required to prepare a vacation rental property for guests, consider investing in a turnkey property that is move-in ready. Look for properties that are fully furnished and equipped with essential amenities such as kitchen appliances, linens, towels, and toiletries. This allows you to start renting out the property immediately without having to invest additional time and money in furnishing and outfitting the space.

Low Maintenance

Choose a vacation rental property with low maintenance requirements to streamline the process of getting it ready for guests. Look for properties with durable materials, modern fixtures, and easy-to-clean surfaces that can withstand regular wear and tear from guests.

It can also be a smart idea to invest in properties with low-maintenance landscaping, or to choose a condo complex with maintenance services included to minimize upkeep tasks. Buying a property that needs major exterior maintenance can be an extra hurdle before you're ready to list the rental online and begin hosting guests.

Flexible Layout

Opt for a vacation rental property with a flexible layout that can accommodate different guest configurations and preferences. Look for properties with multiple bedrooms and bathrooms, as well as open-concept living areas that are conducive to socializing and entertaining. Properties with additional features such as bunk beds, sleeper sofas, or convertible spaces can also maximize occupancy and rental income potential.

Choosing a property with flexibility like this can allow you to immediately begin renting the space while you deliberate about how to use it to its fullest potential. You won't be stuck with one configuration and can begin profiting right away while you decide how to best use the space. 

Regulatory Compliance

Avoid time consuming complications with regulations and permits by choosing only properties that are clearly in compliance with local guidelines if they are listed as a short term rental. This includes HOA rules and local regulations.

We can help you ensure that the vacation rental property complies with local regulations and zoning laws governing short-term rentals in Canmore. It's essential to familiarize yourself with any licensing requirements, occupancy limits, noise ordinances, or other regulations that may apply to vacation rental properties in the area in order to efficiently begin hosting guests. Investing in a property that is already compliant with local regulations can save time and prevent potential legal issues down the road, so we can even help you select properties that are already vacation rentals with their current ownership. 

Property Management

Have a property management team already on deck for the property you are considering. By enlisting the services of a professional property management company to help prepare the vacation rental property for guests quickly and efficiently, you will be able to streamline your preparation process significantly.  A reputable property management company can handle tasks such as property inspections, cleaning and maintenance, guest communication, and key exchange, allowing you to focus on other aspects of property ownership and rental management.

"Canmore is bursting with opportunity for vacation rentals, and now is the time to make a move. This is one of Alberta's hottest markets, so you don't want to miss your chance to capitalize on it." -Devin Stephens, Canmore Real Estate Group

When you are ready to get started on the search for your vacation rental property, we're ready to partner with you on the hunt. Contact us any time to find homes for sale in Canmore that meet your needs. 

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