Business Licenses And Regulations For Canmore Property...

Vacation condo owners in Canmore, a high demand town can greatly benefit from using listing websites like Vrbo and Airbnb. Below is a guide that gives an overview on how owners can use the aforementioned listing websites for Canmore property management: How to begin 1. Define your goals As a vacation condo owner in Canmore, you need to set goals, what you intend to accomplish via renting your condo. Some of the things to consider include: - The number of rental weeks you intend to have annually. You may want to use the vacation condo for some time in the year. - Financial objectives – do you aim at offsetting some costs? Making a profit? 2. Compliance with regulations Ensure that your condo rental business has complied with all your state, county and municipality regulations. Some of the regulations to look out for include: - Zoning - Homeowners Association Rules - Business Licenses and permits - Safety and health code regulations - Sales tax 3. Costs involved a) Commissions by rental by owner companies Listing your property on a website means that it will be managed by a property management company, commonly referred to as a rental by owner. The property management company, in this case Airbnb or Vrbo, will charge a commission, usually 10 to 50% of the rental income. b) Marketing costs Most listing websites charge between $200 and $500 for marketing your property. c) Housekeeper or cleaning service Choose a housekeeper or cleaning service that can be