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What Are Short Term Rentals ?

What Are Short Term Rentals ?

By

David Doe
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Published in

Blog
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20 Nov 2021


A furnished living space available for short periods of time, ranging from a few days to weeks, is known as a short-term rental. Short-term rentals, also known as vacation rentals, are a cheaper alternative to staying in a hotel. Short-term rentals require less commitment than long-term leases and tenants, and they are ideal for homeowners who want to spend time in their home.

Many people who own a second home or vacation property make money by renting it out when they are not using it. Because vacationers are the most common users of short-term rentals, stays can range from a few nights to several weeks; some are leased for as long as a month. A short-term rental is defined as a period of less than six months. For income potential, marketing automation, overall flexibility, and tax benefits, homeowners choose a short-term rental strategy.

For example, Jack lives in Austin, Texas, and during South by Southwest, a festival that fills the city's hotel rooms, he rents out a garage apartment. His property is city-registered and licenced to allow stays of less than 30 days.

The popularity of shared economy platforms such as VRBO, HomeAway, and Airbnb has skyrocketed in the last decade. Because staying in short-term rentals is so common, many businesses allow employees to expense their stays in the same way that they would a hotel room.

However, there are some disadvantages to short-term rentals. To keep the property in guest-ready condition, the owners are responsible for cleaning, coordination, and maintenance. Seasonality can also influence whether a rental is in high demand, which means owners may have to forego personal stays during the busiest times of the year.

short term rentals in canada

Short Term Rentals in Canada

To put it another way, if you rent a short term rental in Canada from a brokerage, a company that manages or facilitates your short term rental stay in properties throughout the city, that company must be registered in order for the transaction to be legally valid. Guglu Homes provides short-term apartment rentals in every Canadian city that meet your lifestyle requirements for a fraction of the price of a hotel stay. The following are some of the advantages of staying in a short-term apartment with:

• Top-of-the-line amenities and recreational facilities

• Stylish, luxurious units in Canada's most exclusive areas

• Turnkey properties with tastefully furnished interiors for stays of 30 nights or more

"A short-term rental is a dwelling unit that is rented out for less than 28 days in exchange for payment." Bed and breakfasts (B&Bs) are included, but hotels and motels are not. It also excludes accommodations for which no payment is made." If you want to rent out your home, your primary residence, in the short-term rental market in any Canadian city, you must first register your property with that city. Short–term rental listings without a valid registration number or exemption will be barred from hosting short–term stays in Canada (less than 28 nights at a time).

If you want to rent out your home, your primary residence, in the short-term rental market in any Canadian city, you must first register your property with that city. Short–term rental listings without a valid registration number or exemption will be barred from hosting short–term stays in Canada (less than 28 nights at a time).

What To Consider While Finding Short-term Rentals in Canada ?

Length of stay, location, and budget are just a few of the important factors that people think about when planning their stay in Canada for the first few days, weeks, or months. Here are four things to think about when looking for a rental:

ratings and reviews on the internet

Ratings and Reviews on the Internet

The majority of newcomers book their short-term stay before arriving in Canada, which means there is little or no opportunity to inspect the property in person before making a decision. Before deciding on a location, it's a good idea to look at online reviews and ratings. Before booking, some websites allow you to communicate with the hosts or owners, so take advantage of this opportunity to ask questions and clear up any doubts. Keep an eye out for issues like bed bugs, bad neighbourhoods, theft, and cleanliness, among other things.

booking time

Booking Time

When it comes to lodging, timing is crucial, and prices will fluctuate based on demand and supply. As a result, it's a good idea to book your stay well ahead of time. Spring and summer, for example, are popular times for newcomers to move to Canada. Because demand increases around this time of year (March to August), accommodation costs rise, and there may be a limited number of options that meet all of your criteria. Booking ahead of time will allow you to explore more options while staying within your budget.

location & neighbourhood

Location & Neighbourhood

Upon arrival, one of the main goals for most newcomers is to find work. A hotel located outside of the city centre is usually less expensive, more affordable, and may fit your budget. However, before choosing a location, consider travel time and transportation costs to the city, as most offices and networking events are located downtown or near the city centre. Here's what important factors of having a nicer location or neighbourhood:

  • You can learn more about specific neighbourhoods while still in your home country by speaking with Canadian friends and family or visiting forums such as Reddit and Quora.

  • Explore your options closer to the city centre or in neighbourhoods where you are likely to find work, and compare costs to see if the cost of lodging offsets the cost of transportation to and from.

  • Having access to essential stores, services, and transportation is one of the benefits of living in a city centre or downtown neighbourhood at first. It also allows you to explore neighbourhoods without having to drive and is a good way to get a sense of where you want to live permanently.

Budget

Budget

This is such an important consideration when booking a hotel that almost all websites provides a budget filtering option. While lodging will most likely account for the majority of your costs, there is always something to suit every budget if you know where to look. Many newcomers rely on word of mouth or are only aware of a few popular websites for booking lodging, limiting their options. Doing your own research on multiple websites will help you understand what's available within your budget and even compare prices before booking, ensuring that you're getting the best deal possible.

At Guglu Homes, we specialise in offering the best short-term rental options that strike the ideal balance of convenience and luxury. All of our short-term furnished apartments in Canada are designed for professionals who require a comfortable home base while in the city on business. Please contact us at if you are looking for a short-term rental in Canada.

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