The lovely city of Surrey, British Columbia, Canada, is a great holiday destination. Being only 23 km from Vancouver Center, Surrey is blessed with all modern urban comforts which are wrapped in a mild climate. Well-groomed city forests, luxury beaches, and golf courses are the highlights of this amazing place. It is hardly surprising that Surrey, BC offers tons of exciting eco-tourism opportunities.
With such an impressive portfolio, this great city provides a strong potential for starting a short-term rental business. If the idea of becoming a vacation rental entrepreneur in Surrey appeals to you, here are some key aspects you should know about Airbnb Management in Surrey, BC.
Overview of Airbnb Management in Surrey, BC
Since Surrey is the second-largest city by population in British Columbia, being home to nearly 600,000 citizens, short-stay rental properties are quite in demand in this place, and there are nearly 1000 active rentals in Surrey currently available. 62% of them are presented by entire home rentals, suggesting that tourists love to bring their big families and friends when visiting the pretty city of Surrey, BC. Private rooms make up 36% of the total rental offering, while the market of shared rooms is less than 1%.
Occupancy Rate and Rental Prices
As for the occupancy rate, its average is 68%. But when a holiday season strikes (from May to August), the occupancy rate in Surrey, BC can exceed 87%. Airbnb property management in Surrey might be a bit overwhelming during these hot months, yet your vacation rental business may generate the juiciest profits during the rush of holidaymakers.
Surrey’s average daily rental rates foot up to $107, but the price tends to be significantly higher during the height of the tourist season when hosts easily charge up to $150 per night. With a well-managed Airbnb property in Surrey, BC, you may be seriously tempted to quit your 9-5 job and devote yourself entirely to your short-stay hosting business.
Rental Property Sizes
One and two-bedroom homes are enjoying extreme popularity in Surrey, BC, as both types of rentals occupy 36% and 37% of the market. Investments in a quality 1-2 bedroom vacation rental in Surrey can really pay off with clever Airbnb property management.
Less popular are 3-bedroom rentals which make up around 13% of the market. Studios, 4 and 5-bedroom rental homes contribute to the remaining 14% of active rentals in the city. Obviously, tiny homes, as well as multiple-room rentals, are not heavily utilized in this area.
Popular Platforms for Airbnb Management
88% of homeowners prefer to promote their rentals through the Airbnb platform. 4% of homeowners sell their rentals using Vrbo, while the remaining 8% attempt to advertise on both portals to maximize their chances of getting bookings.
Since the tourism business has started flourishing in Surrey, British Columbia, many homeowners strive to stuff their vacation rentals with all the comforts, so that guests can easily feel homey. Practically each active Airbnb rental features Internet, a heating system, a well-equipped kitchen and a bathroom, and a parking lot.
Still, air-conditioning units are quite rare among Surrey rentals, while cable TV, swimming pools, and hot tubes are hard to be found anywhere in Surrey rentals.
30% of Surrey Airbnb hosts gravitate toward a flexible cancelation regime, allowing guests to claim a full refund upon canceling a reservation at least 24 hours before check-in.
24% of Airbnb entrepreneurs in Surrey will set a moderate cancelation standard, upon which a guest will receive a full refund if canceling a deal at least five days before the actual check-in.
A strict cancelation policy is the most preferred mode in Surrey as 36% of homeowners adhere to it. Guests can receive a full refund if a deal is canceled within 48 hours after a reservation, provided there are at least 14 days left before check-in.
Minimum Stay Requirements
42% of Surrey Airbnb hosts will require you to place a booking for at least one night. 26% of rental entrepreneurs will not conclude a deal if you stay for less than 2 nights. 12% of vacation rental managers will ask you to pay for at least 3 nights. Only 8% of rental landlords will allow you to check in if you reserve a property for at least 4-6 nights.
Profitable and Easy Airbnb Business in Surrey with HeartHomes
HeartHomes is a full-service Airbnb management company in Surrey, BC. We know how to make your vacation rental in Surrey perform at the peak of its earning capacity, saving you from the stress that running such a business may bring.
From designing your rental to promoting it across social media, from managing bookings to arranging check-ins and outs, from cleaning to maintenance – we do all these and many other jobs instead of you, while you reap all the benefits of a well-orchestrated and profitable Airbnb business in Surrey, BC.
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