Whatever type of host you decide to be, renting your condo on AIRBNB can be lucrative. Clearly, your place has to be clean and tidy - with essentials like clean bedding, towels, and bathroom basics. Once rented, AIRBNBÂ manages all of the financials, takes their service fee from the total, and ensures that you get paid. The company has substantial insurance coverage that protects the condo and the contents. There's also liability insurance, and of course, the option to secure extra coverage as you might from an independent service provider.Renting your condo on AIRBNB requires a serious commitment. Needless to say, the company has established standards that address safety issues, emergency procedures, fire prevention, and even privacy concerns. But as the host, you also have relevant responsibilities - like ensuring that heating and cooling are working; notifying the neighbours about the rental; and making certain that condo rules are being followed. It's also important to address miscellaneous things like pets, noise, parking, and any specific house rules that may apply. AIRBNB hosts must also ensure that tax or license requirements be accounted for (like Goods and Services Tax - now referred to as HST). Â This might include special permits or zoning regulations that require attention. And while all of this may pose administrative headaches at first, doing it right may save some bigger headaches down the line. As for income tax on a rental property, this too is the host's responsibility. In fact, if a condo has been renovated, retrofitted, or upgraded for rental purposes, there may be government cash rebates. At Rebate4U, in house specialists can help to sort out the ins and outs of HST Residential Rental Rebates. Depending on circumstances, homeowners who have purchased a condo with a view to renting out may qualify for a rebate on the HST paid when the condo was first purchased. Here, Rebate4U can help file the HST Rental Rebate Application. As it is, many condo owners don't even know that there's an HST Residential Rental Rebate available from government - and this where Rebate4U can be helpful, with the right rebate specialists. The truth is, applying for government rebates can be time-consuming and confusing, particularly when dealing with government agencies. Rebate4U has processed thousands of applications over the years, making for a process that is streamlined and stress-free. And while every situation will be different, the objective at Rebate4U is to strive for the best possible rebate for each client. The team educates CanadiansÂ about the most current rebate programs available, and services clients with the special applications and added administration. The team at Rebate4U keeps up to date with newly introduced government rules and regulations so that clients can realize the maximum in rebates that they are entitled. Clients can be assured of transparency, communication, and service excellence when dealing with the team. Customer service is personal and attentive; service reps are skilled and experienced; and everything is done under on roof. At Rebate4U, the focus is on 100% client satisfaction.

More of our Blogs

Renovations

15 April 2024

How to Cash in on Your Spring Renovations with the Ontario Rebate Program

Learn more about how you can cash in on your spring renovations with the Ontario rebate program!

View Full Post

Renovations

26 March 2024

Tips to Ensure Your Renovation is Substantial Enough for the HST Rebate on New Homes

The Harmonized Sales Tax (HST) Rebate on home renovations is a significant financial incentive for homeowners in Ontario, providing a golden opportunity to recoup a portion of the expenses involved in upgrading and enhancing their living spaces. This rebate is offered via Canada Revenue Agency, and it aims to encourage property owners to invest in their homes, not just for personal satisfaction...

View Full Post

Renting

13 March 2024

How to Claim the HST Rebate on Rental Properties

The HST rebate on rental properties or the New Residential Rental Property Rebate is an excellent opportunity for new condos and homeowners who are not planning on occupying the property to get some money back that was invested in the purchase of the new home. Choosing to rent a property is an effective secondary passive income. When paired with the HST Rebate in Ontario, a rental property can be...

View Full Post

Renting

26 February 2024

How to Find a Tenant Ahead of Your HST Rental Rebate Application

If you’re renting out a new residential property, the HST Rebate in Ontario is a great opportunity to get back some of the money you’ve invested into purchasing the condo. Available via Canada Revenue Agency, the New Residential Rental Rebate Program can mean thousands of dollars back. To qualify for this rebate program in Ontario, you must meet the criteria set out by Canada Revenue...

View Full Post

Renovations

10 February 2024

3 Stand-Out Benefits of Applying for HST Rebate on Home Renovations

Home renovations are a great way to revitalize your existing property to transform it into your dream home. Working with the best contractors you can make large-scale upgrade plans that rebuild your home from the ground up. With programs like the New Home HST Rebate in Ontario, the cost of these significant upgrades can be mitigated. By working with the experts at Rebate4U you can assess your...

View Full Post

Renovations

31 January 2024

Why Turn Repairs into Renovations with the Home Renovation HST Rebate

Whether you’ve recently purchased a new home that needs a lot of work or are ready to upgrade your existing home, renovations and remodels can rack up quite the bill. But for homeowners in Ontario, the HST rebate on home renovations is a viable option that can help you get more return from your investment. Read on for more information!

View Full Post

HST housing rebate

18 January 2024

Which Part of Your Home Renovations Are Subject to HST in Ontario?

Like with the transaction of any good or service in the province, there is a 13% tax (Harmonized Sales Tax) added to every purchase, including the sale properties. When buying a home, this tax can add up to a substantial amount. In Ontario, the HST Rebate program is offered to residential property buyers as a way to offset the cost of new home purchases.

View Full Post

Condos

15 December 2023

What to Do When You're Not Ready to Move Into Your New Condo

If you’ve bought a new condo and want more insight into your rebate options, from the HST Rebate on new homes to the New Residential Rental Property Rebate, contact the experts at Rebate4U for more insight and personal guidance.

View Full Post

Newly built homes

27 November 2023

So You Built a New Home, Now What?

If you’ve recently finished building your new property in the last two years, you may be eligible for money back with the HST rebate in Ontario. The program allows homeowners to recover a portion of their HST spent on construction.

View Full Post

Rebate Blog

17 October 2023

Signs You'll Benefit from the HST Rebate in Ontario

The HST Rebate in Ontario is a valuable and beneficial program available to homeowners in Ontario. Unfortunately, many new home buyers or even long-time homeowners are unaware of the program’s existence or their eligibility. The new home HST Rebate can be nuanced, but with the guidance of an experienced, trusted, and knowledgeable professional like the team at Rebate4U,...

View Full Post