Furnished apartments for business travellers

Companies relocating staff, contractors and project crews, travelling nurses, insurance claimants and visiting professionals.

Nightly, weekly or monthly rates, usually discounted for longer stays, plus cleaning fees. Revenue shown is before rent, utilities and cleaning costs.

• Reliable customer service
• Organising cleaners and maintenance
• Basic budgeting and pricing
• Building relationships with employers and agencies

• Rules differ by municipality and province, and some places limit or ban short-term rentals, so check with your municipality
• If you lease, get the landlord's permission in writing, as subletting without it can end your lease
• Commercial liability or specialist short-term rental insurance, and check what your landlord's or condo's policy covers
• In Quebec, check registration and French-language requirements
• You may need to collect GST/HST or accommodation taxes, so check with the CRA and your province
• Empty weeks and winter slowdowns can make rent hard to cover

Startup costs are estimates, typically around $8,000 to $30,000, depending on how many units you run, how you furnish them and whether you own or lease. Monthly revenue is typically estimated at around $2,000 to $9,000.

Rules differ by municipality and province, and some places limit or ban short-term rentals, so check with your municipality. If you lease, get the landlord's permission in writing. Also check insurance, GST/HST or accommodation taxes, and Quebec registration and French-language requirements.

Estimates suggest monthly revenue typically around $2,000 to $9,000 for one to three units, depending on location, pricing and how often units are booked. Empty weeks and winter slowdowns can make rent hard to cover, so plan for gaps.