Are you thinking about opening up your Canmore property to the short-term rental market? Whether it is letting out part of your unit or an entire home, joining the Airbnb platform can be a wonderful way to boost your income and start a viable business. However, it can also require a lot of time, effort, and capital in order to make it a success.
So before you sign up to join the Canmore Airbnb market, we thought we would first take a look at some of the most important things to consider:
1) Is your Canmore home a good fit?
The first thing that you should consider before becoming a Canmore Airbnb host is whether your property is actually suitable for guests. While “no space too small” might be a common phrase in the short-term rental market, you do still need to consider a range of factors such as local restrictions, your neighbours, and whether you will need to use the property at any time.
2) Is your space ready?
Once you know that your property is eligible for listing on Airbnb, you then need to look at whether your space is actually ready to start welcoming guests. This means ensuring that you have fixed any broken or faulty appliances, the décor is looking as attractive as it can, and you are making sure that you have all of the basic amenities in place.
3) How will you host?
Another important consideration to decide on before becoming a Canmore Airbnb host is what kind of host you will be. This will firstly depend on whether you are going to be living on-site with your guests or whether it will be a property away from your home.
From there, you will then be able to decide how hands-on you will be. Some Canmore Airbnb hosts like to manage every aspect of their guest’s holiday, while others prefer to hand the day-to-day running to an Airbnb management provider. The latter is often a popular choice for hosts who have additional jobs.
4) What will your prices be?
Before you place your short-term Canmore rental on the market, you will need to understand what you should be charging per night. As with any hospitality service, there is always a peak season and a low season, so making sure you understand when these periods are is essential.
To determine the most competitive pricing strategy, you should take your time to research what similar-sized properties on the market cost.
5) Set your house rules
You will also want to ensure that you have house rules in place before guests arrive. This will ensure that all guests understand how to behave while staying in your property, reducing the risk of miscommunication leading to poor experiences for guests or hosts. Having clear house rules can also help to reduce the need for guests to ask repetitive questions when they arrive.
6) Get covered
Finally, you will also want to ensure that you have the relevant insurance in place. This will protect you in the event that a guest is hurt while on your property, as well as ensure that should something break or become damaged, you will not face costly repairs.
Need help with your Canmore Airbnb?
If you are thinking about starting out as a Canmore Airbnb host but are not sure where to begin, then Canmore Co-Host is here to help you. Our experienced team knows how stressful and confusing it can be, which is why our mission is to support you every step of the way.
From guest management and financial reporting to housekeeping and pricing analysis, we’re here for you. Want to find out more? Get in touch today!
