Short-Term Accommodations in Victoria
With over two years buying, selling, and managing successful short-term accommodations in Downtown Victoria, Reiner has the knowledge and expertise to assist with your investment needs.
In Downtown Victoria, there are less than 20 buildings that allow short-term accommodations. These buildings were previously zoned for transient accommodations (i.e. vacation rentals) such as Airbnb and VRBO.
Although the City of Victoria has repealed this zoning, select properties may operate short-term accommodations today, so long as: (1) the building was once transient-zoned, and (2) at least one short-term accommodation is still active in the building.
Benefits of Short-Term Accommodations
A short-term accommodation (or vacation property) in Victoria offers an excellent opportunity for investors to maximize their Return on Investment (ROI).
Key benefits include:
- Unlimited flexibility with rental rates
- Ability to book for personal use
- Similar (or even lower) upfront investments than other rentals
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Ready to start your search for the perfect short-term accommodation in Downtown Victoria?
Unlock Your Investment Potential
If you are considering buying an investment property, it is crucial you compare the average month-to-month rental income to that of a short-term accommodation.
With over 2 years of experience managing, buying, and selling successful short-term accommodations in Downtown Victoria, Reiner has the knowledge and expertise to assist with your investment needs.