WHAT ARE THE EXPECTED OCCUPANCIES FOR WHISTLER RENTAL PROPERTIES?
With the 2010 Olympic Games, Whistler was placed on the map with many skiers and travel organizers around the world as a top visitor destination. Whistler has already seen a large increase in international visitors.
How much rental income can my property earn? Based on a home in the Village Benchlands, a typical one bedroom unit would rent in the range of $20,000 to $35,000 per year. The average is estimated at $25,000 per year. A two bedroom unit would rent in the range of $25,000 to $50,000 with the average estimated at $35,000 per year. A three bedroom would be in the range of $50,000 to $85,000. Four bedrooms can gross up to $100,000 or more per year. These are estimates only and are not relied upon.
For rental properties, consider that most of your income will be generated during peak times. Our peak season is November (American Thanksgiving) to April (Easter holiday). This is the largest revenue earning time. Typically, owners receive 80% of their revenue during this season. High income is a direct result of Winter rates as much as two times the room rate that is charged in the Summer season. More and more, Whistler is becoming a four-season resort with increased visitors during the summer months.
WILL RENTAL INCOME COVER THE COST OF MY PROPERTY?
Two bedroom (sleeps 6) sample:
Credits
Charges
Rental Income
$35,000
$14,000
Operating Expenses Management Fees (40% incl. of housekeeping)
Internet
$600
Utilities/Heat
$606
Strata Fees ($350/month as example)
$4,200
Property Taxes
$3,158
Tourism Whistler Fees (common plus commercial)
$1,662
Net Revenue for Owner
$10,774
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