Short-Term Rental Setup | South Okanagan Property Management

When you decide to turn your property into a short-term rental there are a few things you need to consider:

  • Does your municipality allow short-term rentals
  • Apply for a short-term rental license.
  • Property insurance policy indicating the home will be used for short-term rentals.
  • Everything in the home is in good working order: furnace, hot water heater, HVAC, and AC unit. (we recommend having your home inspected for any issues and having them repaired) 
  • Safety measures needed: Smoke alarm (wired), carbon monoxide alarm, fire extinguisher, first aid kit, 
  • Smart Devices to help run the STR efficiently: Smart lock, doorbell camera, noise measuring device, smart TV, smart thermostat 
  • Furniture and art decor for the home.
  • Bed sheets, duvets, blankets, pillows, curtains, 
  • Small appliances: coffee maker, toaster, blender, and tea kettle.
  • Consumables for the guest to use: soap, shampoo, toilet paper, paper towel, dishwasher soap, laundry soap,
  • Professional cleaning.
  • Professional photos (this is important to have the best chance of getting the most bookings possible, the first thing potential guests see when deciding to book an STR)
  • Professional services: yard maintenance, snow removal

Everything listed above is needed to run a successful STR. This can add up quickly and start-up expenses can cost thousands of dollars when you are ready to list your property. Please keep this in mind when it comes time to set a budget for your STR.

Having a Vacation Rental Specialist can help with every step of the process of getting your STR up and running, from helping to obtain an STR license to picking out furniture and decor for the home. 

Contact South Okanagan Property Management today for a free short-term property management consultation today.