Air BNB, VRBO – Due to our thriving tourism industry in the Okanagan, home owners and investors have found great income opportunities in the short-term vacation rental market. While short-term rentals can be profitable, the return on your investment is determined by a multitude of factors that are specific to each property. Geographic location, interior upgrades/renovations, a pool or hot tub, and available amenities will all play a role in how much your rental could earn.

BUYER BEWARE!!! Municipalities in the Okanagan have started to pass regulations concerning vacation rentals. Typically a business license, zoning permission, parking plan, fire and safety plan, and more, are all required to operate a short-term rental property. As time goes on, it is anticipated that there will be more regulations and rules to consider in your area. This is a great reason why it’s important to discuss the pros, cons, and feasibility of short-term rentals with your favourite Real Estate Group (hello!)

While there are short-term vacation rentals in Penticton that generate huge revenues each season, not every property in town is guaranteed to generate a net positive cash flow from short-term OR long-term rental income… let’s consider an average, centrally located townhome in Penticton!