Short term rentals in Kelowna BC, Canada.

[Tanner Carswell]

Hey everyone!

I’d like to thank you for reading this post,

I work full time out of province with fly-in fly-out work so I am rarely home (once or twice every couple months).

I have been pondering the idea of purchasing 1 or 2 condos in the West Kelowna or downtown Kelowna area.

I am familiar with running long term rentals but have not tried the STR yet and I think it may be a good idea to use my primary residence to earn extra cash while I'm away. Using this method would allow me to book my 3/4 nights home every couple months to stay in my property and earn income while I'm away.

All the properties I am looking at allow for STR and have in house STR management in place with the strata company.

Has anyone had any experience with the supplied management companies at resort like condominiums? Any pros and cons?

If you have any experience in these areas using STR and you have some advice I would greatly appreciate it.

Thanks for reading, I look forward to hearing from you!

[Michael Wong]

I would review the property management companies with a fine tooth comb.  What is their track record:  vacancy rates, online reviews, # of properties, experience, how they advertise, etc..., & most importantly, what is their % take?  I'm not sure about Kelowna, but in Whistler, some companies take upwards of 45%.  A real cash flow killer.