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Do You Want to Rent Your Olympic
2010 Rental Condo By Yourself?
If you have rented a home or accommodation before
to tenants, then renting your 2010 rental accommodation should
not be a problem. Experience is the key in making sure that you
make the appropriate choices in placing visitors and travelers
into your Vancouver 2010 rental accommodation.
If you haven’t rented or property managed before, we certainly
suggest going with a Vancouver 2010 Rental Property Manager to
handle your transaction from beginning to end, as there are many
small things to consider when renting your home for the Olympic
Games. These tiniest details are often overlooked, and may end
up costing you hundreds if not thousands of dollars in the short
term and long term. If you do decide to rent your Olympic 2010
rental accommodation by yourself, here are some key tips to follow:
make sure that your rentable suite or room is in an ideal location
close to transportation routes (like buses, SkyTrain, Seabus,
West Coast Express or highways). If not, make sure that you make
proper arrangements or give property details about how to catch
a taxi or where to rent a car during the event. Another thing
to consider is how to furnish your home or condo for the 2010
rental accommodation. Obviously, your furniture needs to stay,
and all kitchen appliances and utensils, but have you thought
about internet, cable and land lines as well? Also, parking may
be of a consideration for renters during the 2010 Games, especially
visitors from Washington State or Alberta. Other things to consider
are drafting a legal Residential Tenancy Lease that protects you
and allows you to accept deposits, payment plans and monetary
funds for your new Vancouver 2010 rental accommodation. Yet, other
things to think about include managing your tenant during the
event (if you are going to be away) in addition to making sure
everything runs smoothly. As you can see, there are many things
to think about when renting your home as a Vancouver 2010 rental
accommodation. It’s not easy, but it can certainly pay off,
big time.
Things to Think About When Renting Your Home
for the Vancouver 2010 Olympics – Residential Tenancy Agreement
and Furnished 2010 Rental Home Insurance
With the 2010 Olympics coming very soon, many Vancouverites are
wondering how they can capitalize on the sudden influx of visitors
and travelers into the area. The easiest way to make a quick buck
or two is to consider your home as a furnished 2010 rental accommodation.
By doing so, you will have the option of placing tenants on a
monthly, weekly or daily basis, and making a lot more money then
you would through a typical residential tenancy lease. In many
cases, by renting your home or condo for the 2010 Olympics, you
will be making as much or more money then you would by renting
out the same suite for an entire 12 month lease in any regular
year. With a definite lack of Vancouver hotels and short term
furnished rental suites in Vancouver, renting your home or condominium
as a furnished 2010 rental will not only bring you extra cash,
but can help provide much needed space to those who want to check
out all the sites and events during the Olympic Games. When considering
renting your home for the 2010 Vancouver Olympics, you need to
make sure that you have a proper Residential Tenancy Agreement
drafted. Either go to your lawyer or purchase one online, but
make sure everything is signed and hard copied so that there are
no arguments or problems during the tenancy. Also, make sure your
furnished 2010 rental accommodation or home for rent has the right
insurance as this may have profound influence on any damages or
problems you may encounter. Most Vancouver homeowners insurance
and rental insurance do not cover tenants or sublets respectively,
so this is very important for anyone considering renting their
home during the 2010 Olympics. Depending on the type of rental
2010 furnished suite or accommodation, you may require additional
tenant insurance to help protect you from damage or even theft
caused by your tenant during their stay. Again, it is extremely
hard to do any sort of criminal or credit check on tenants outside
Canada, so it is ultimately important for you, as a homeowner
renting out your 2010 furnished rental accommodation to do your
due diligence and mitigate any problems early on. Having the property
Residential Tenancy Agreement and the proper 2010 rental insurance
are the keys for smooth tenancy.
Other Fees and Taxes Involved with Renting Your
Home During the Olympics as a Short-Term Furnished 2010 Accommodation
Many home owners looking to rent 2010 condos and homes are not
aware of certain tax and rental laws in Vancouver. It is important
that you as the renter or landlord to make sure that you are aware
of all the rental laws and taxes in Vancouver if you are planning
on renting your 2010 furnished accommodation or home during the
Vancouver Winter Olympics. Depending on the number of spaces you
are renting in addition to the length of time you are renting
your home or condo for the 2010 Olympic Games, you may be required
to pay hotel taxes or other resort type fees for your furnished
2010 rental accommodations. As you well know, these hotel taxes
and fees can add up to quite a lot of cash, so be prepared. By
doing a bit of due diligence and checking websites like the City
of Vancouver (look for lease and rental terms for short term furnished
stays) in addition to the BBB will help ensure that you conform
to all the necessary municipal and provincial laws and do not
get slapped with a fine for renting out your home as a 2010 Vancouver
rental accommodation. Again, the hotel taxes and other rental
fees depends on both the number of units as well as the length
of time you are considering renting your home yourself as a Vancouver
2010 furnished apartment or home rental.
Renting by Yourself - Collecting Deposits and
Rent for your Furnished 2010 Rental Home
For many people who haven’t needed to collect rent or been
self employed (the need to collect cheques from vendors), renting
your home by yourself for the Vancouver 2010 Olympics may be a
daunting task. The possibility of a tenant not paying the rent
or skipping out or even damaging your property during the Olympics,
may turn many people off from renting your home or condo as a
furnished 2010 rental accommodations. In most cases, collecting
a 50% deposit on a 2010 rental accommodation is standard. You
as a property owner or tenant subletting an apartment or room
should collect a non-refundable 50% deposit by bank draft, wire
transfer or Paypal online payments for your furnished Vancouver
2010 rental suite. In addition, if you have a business that accepts
credit cards, you can collect your 2010 furnished rental accommodation
50% deposit by allowing tenants to pay by Visa or MasterCard.
In addition, property owners for renting their own home for the
Olympic Games are collecting the final 50% rent about 30 to 60
day prior to the rental date. In other words, 100% of the rental
amount is collected at least thirty to sixty days prior to the
move-in date. All deposits for your 2010 furnished rental accommodation
should be non-refundable to protect you. In addition, a refundable
damage deposit should be collected from your renter for your own
Vancouver 2010 furnished rental accommodation. Rent 2010 condos
should also charge a cleaning fee to all renters. All booking
reservations for a furnished 2010 rental suite should be confirmed
with a credit card for additional security and protection for
you.
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