Our approach to short term rental property management is analytical, hospitality-driven, and owner-friendly. Guestable’s short term rental managers will ensure you and your rental property are in good hands.
Richmond, British Columbia, is one of the world’s top markets for short term and executive rentals due to its population size, economic importance, open approach to the immigration, and tourism industry. Due to new City of Richmond regulations, its vacation rental market has evolved to become more healthy and sustainable for years to come. Our management service is designed to allow hosts to benefit from this market without the day-to-day workload that comes with it.
Given the size of Richmond, there is demand for short term rentals throughout the many neighborhoods of the beautiful city. In neighborhoods with less demand, there tends to be a balancing effect of lower supply, ensuring consistent occupancy no matter where or when a host is renting. Demand in the downtown core is always the strongest due to proximity to restaurants, activities, and sites. Due to the lack of hotels outside of the downtown core, hosts in neighborhoods not traditionally known for tourism offer a great hotel alternative on sites like Airbnb and experience strong occupancy.
The Richmond short term rental market is a seasonal market due to variability in travel demand throughout the year. The strongest months of the year are between May to October, with the summer months being the busiest time. The summer demand is generated by increased tourism, conferences, and events. Hosts renting their homes in the winter months may decide they want monthly executive rentals to provide stable monthly income and occupancy due to lower tourism demand.
Residents of Richmond can offer two types of short term rentals for less than 30 days in their homes: Bed & Breakfast rentals and boarding/lodging rentals. Bed and Breakfasts (B&Bs) require a Business License from the City, which they must renew annually. To apply for a B&B Business License, applicants can pick up an application at Richmond City Hall or download an application form on the City’s website. For any questions about the Richmond vacation rental license, you can visit the City’s website, or contact us.
Guestable has enabled Stephanie to rent out her home on Airbnb and other short term rental platforms without having to worry about day to day management.
Please provide more information about your property so we can provide you with a short term rental earnings estimate and a quote for our property management and Airbnb listing management services.
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