Generally our process as property managers is to start right on track with market rate and assess activity on a weekly basis and recommend changes that may help activity such as price reduction, changes to allow pets, include utilities into the rent, move in specials etc.

You cannot legally charge more but they are not due a discount either make sure you are at market rent but no pet rent or deposit.  

I would nix the pet washing station and doggie poop bags, the cost doesn't justify the gain.   

I'd rather deal with smoke damage than pets and I don't want pets in my units so I have to put up with smoking or else my tenant pool is shrunk too much (especially for the C+/B- areas I am in.  

I know this would normally seem crazy in a small town but there is a HIGH demand for pet-friendly rentals (both Invermere, and people working at Panorama Ski Resort) and none of the rental companies are accommodating these people with pets (for good reason- I know). 

I do not allow children in my STRs, nor do I allow pets....I see them both as extra work for me and potentially more damage to the property.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Take your annualized collected rents (plus, other income if there is any - pet, utility bill back etc) and subtract your annualized expenses.

I have a decent chunk of money in savings (apart from an $8k emergency fund), no debt, no pets, no kids, no significant other, own my car and have very low living costs for my area (under $1k/mo for a room in a shared house, all included, off-street parking, have been here for 4 years).