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Have You Considered Renting Your
Home or Condo for The 2010 Vancouver Winter Games?
If you own a Vancouver home or are closing on
one before the 2010 Winter Olympic Games, have you ever considered
renting your apartment suite, condominium, townhome or single
family home to visitors? If not, why not?
For many Vancouverites, the 2010 Winter Olympics will be a gong
show. With major transportation routes being blocked due to security
concerns to oversized tickets that you can’t even get, and
from the traffic, noise, congestion and over inflated prices for
everything retail, why not rent your home as a furnished 2010
rental accommodation? You can rent your current home in Vancouver
for the 2010 Olympic rentals and then scoot away on a nice holiday
somewhere hot, maybe along the beach or in a villa estate in Europe.
I’m sure it’s crossed your mind sometime, and will
continue to come up as we inch towards the Olympic Games. What
you can do though, is think carefully of whether you would like
to rent your condo or apartment suite as a furnished 2010 Olympic
rental accommodation home for visitors, media or friends and family.
Considering renting your home for 2010? Well, there are careful
considerations you need to make, including when to start renting
your condo or home, whether to rent it as a fully furnished 2010
rental suite or unfurnished condominium as well as how to price
your 2010 rental according to market value. All of these things
weight on homeowners minds when they are considering a 2010 Vancouver
Olympic rental acommodation at their own home. Also, how do you
deal with deposits and collection of rental income? How do you
report this income on your personal or business year-end taxes?
How can I monitor the tenants to make sure that they are not destroying
the home or breaking bylaws and regulations of the community?
How can I be sure the Vancouver 2010 Olympic rental accommodation
idea can actually work in my home? Well, with any important decision,
you will need to see what is a right fit for you. If being part
of the Winter Olympics is what you have always dreamed about,
then experience it for heavens sake. If the Vancouver 2010 Olympics
means making a quick buck, then rent out your home or townhome
or condo as furnished 2010 rentals. Regardless of your decision,
there will be many homeowners in the Lower Mainland who will consider
leaving their homes behind and renting them as fully furnished
rental accommodation for 2010.
Should You Choose Between Unfurnished 2010 Rental
Suites or Vancouver 2010 Furnished Rental Apartments?
Many Vancouver home owners are wondering if they should rent out
their home or apartment suite furnished or unfurnished for the
2010 Olympics. The answer is simple. Definitely furnished. As
a homeowner in the Lower Mainland, you have to realize that the
typical renter during the Vancouver 2010 Olympic Games will NOT
be your regular type of tenant. A regular tenant lives and works
in Vancouver and will most likely renew their leases when their
contract is up. However, a renter for your 2010 Vancouver Olympic
rental acommodation will most likely stay only for the duration
that they are visiting the city. This can be a night, a week or
a month, but no more. Therefore, such a transient visitor base
of renters during the 2010 Games will not have furniture or any
belongings with them. They are travelers and visitors from all
over the world who are not going to bring their own appliances
and furniture with them for the night. Therefore, choosing to
rent your condo or home for the best furnished 2010 rental accommodation
market will get the most return and the most responses. You should
only consider renting out your home unfurnished during the 2010
Vancouver Olympics if the potential prospect asks for it. Otherwise,
they may thing you’re crazy.
Current Renters Can Rent 2010 Condos and Apartments
If you are a current renter, guess what? You may be in luck for
renting 2010 condos. It is important that you check your residential
tenancy lease to see if subletting either the entire unit or even
just a room is allowed under the terms of your contract. The last
thing you want is for your landlord to wreak havoc with your rent
2010 condo tenant. If you are in a condo, ensure that you do not
have rental restrictions preventing the rent 2010 condos. Many
strata councils in Vancouver will require notice of who is occupying
the furnished 2010 rental apartment suite so that in an emergency,
they know who to contact, and how to get in touch with you, the
home owner. In addition, current tenants can rent 2010 condos
by subletting to visitors but in most cases, you will need the
ok and confirmation from the landlord in order to proceed. Some
landlords have added a clause in your residential tenancy agreement
that does not allow for subletting of the unit as a whole or an
individual room. If this is the case, then renting 2010 condos
by subletting will not be possible for you unless the contract
is amended.
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THE NEW VANCOUVER CONDO BUZZ BLOG
VANCOUVER 2010 GUIDES AND CHECKLISTS
THE BEST FURNISHED
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OTHER 2010 OLYMPIC INFO
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