Calgary Short Term Rental Management
Why are STRs (short term rentals) so much more popular for landlords now?
In recent years it's been clear that more and more home owners are converting their properties to STRs, and for good reason.
- LTR
Long Term Rentals are leases on properties that are in place for months or years at a time. While these types of leases are traditional and commonly used, they've been proven to cause headaches for landlords and deteriorate the condition of properties.
Long term renters often take the mind set that they now "own" the property, and as such they are quick to abuse the condition of that property. In most cases, when it comes to having a long term renter it means constant repairs, maintenance, and extreme amounts of wear and tear to your home and it's appliances. 
- More wear and tear on your home caused by long term tenants
- Weeks or months go by without seeing the condition of your home
- Tenants who don't care for the property
- Property can become run down and dirty
- Potential for clandestine operations to be conducted inside your property
- Value depreciates while tenants are in possession
- STR
Short Term Rentals are leases that are in place for 30 days or less, with a turnover being done after every guest checks out. This means that after every single checkout your property is cleaned, sanitized, and inspected for damages.
Perhaps the most obvious reason for choosing STRs is the higher ROI (return on investment). Short terms rent at a nightly rate that typically equates to much more than traditional long term leases. While this of course means more work, the return can be worth it depending on the time a landlord can put into managing the property.
Unlike a LTR where weeks or months go by without seeing the condition of your property, with a STR it is inspected multiple times every month.
Each guest is vetted to ensure they meet the reservation requirements; individuals who have a positive track record, good reviews and who are recommended by other hosts on Airbnb. A deposit from every guest can also be taken to help mitigate the risk of potential damages.
The benefits that STRs provide is evident. Higher monthly income, constant inspections, and regular cleaning schedules are just some of the reasons why so many landlords are making the right decision when it comes to their rental properties.
- Higher ROI
- Less wear and tear on property since stays are shorter
- Less use of appliances prolongs their condition and life span
- Property is cleaned, sanitized and inspected after every guest
- Guests treat home with care and respect to avoid bad reviews or extra charges
- Property is kept in pristine condition 100% of the time
- Constant cleaning and inspections ensure no illegal activity can be carried out
- Any damages are repaired immediately to ensure we can continue sub letting as a STR
- Frequent maintenance and upgrades increase the property value
Frequently Asked Questions
Still Have Questions? Contact Us.