This morning we had Tony Gioventu on the show, Executive Director of the Condominium Homeowners Association of BC, to talk about some of the things you need to consider if you are looking to rent out your place for the Olympics-
1) security. safety – especially if you will also be staying in your home and just renting out a room
2) be sure you can legally rent out your suite – mind you , when speaking with Tony – it appeared the maximum fine for breaking a strata bylaw was $500…so when you weigh the possible thousands you could bring in – seems like that is no biggie
3) utilize a reputable agent to find you clients/ renters…they will do alot of the credit checks, taking of deposits – and yes – they will get a commission – but it may be worth it for peace of mind – just be sure you check out your agents credentials first!
4) of course, get the proper insurance – you don’t want to take on any liabibility without the proper protection!
for more information go to
www.choa.bc.ca
Sunshine and Smiles,
Dawn