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photon · 04-27-2017, 02:53 PM

I'd be leery of how much a management company would charge for that, management can be 15-20% in Calgary for a regular rental, one concierge management company I talked to once for a luxury rental wanted 35% (they did cleaning and laundry and stuff, executive rentals). I'd imagine they'd want even more for a place that'll have new tenants every week. If there is even a company in Calgary that'll do that at all.

You could maybe get what, $150 - $250 a night depending on location and furnishings (more for peak season, less for off peak)? Say average $200, that's $1400 a week, if you had 50% occupancy (which seems high to me but I don't have much info on vacation rental occupancy rates in Calgary) that'd only be $2800 a month gross. Assume 25% management fee (which seems super low for an Airbnb) so $2100.

Depending on location you could probably get more than that as a regular rental for lower risk.

EDIT: Also I'd wonder if that kind of thing is even allowed, most condo boards are hostile to owners that rent already, I bet my condo board has an anti-weekly rental clause already lol.

04-27-2017, 02:53 PM	#5
photon The new goggles also do nothing. Join Date: Oct 2001 Location: Calgary Exp:	I'd be leery of how much a management company would charge for that, management can be 15-20% in Calgary for a regular rental, one concierge management company I talked to once for a luxury rental wanted 35% (they did cleaning and laundry and stuff, executive rentals). I'd imagine they'd want even more for a place that'll have new tenants every week. If there is even a company in Calgary that'll do that at all. You could maybe get what, $150 - $250 a night depending on location and furnishings (more for peak season, less for off peak)? Say average $200, that's $1400 a week, if you had 50% occupancy (which seems high to me but I don't have much info on vacation rental occupancy rates in Calgary) that'd only be $2800 a month gross. Assume 25% management fee (which seems super low for an Airbnb) so $2100. Depending on location you could probably get more than that as a regular rental for lower risk. EDIT: Also I'd wonder if that kind of thing is even allowed, most condo boards are hostile to owners that rent already, I bet my condo board has an anti-weekly rental clause already lol. __________________ Uncertainty is an uncomfortable position. But certainty is an absurd one.