Private Cottage Rentals Valuable to Economy Reports CottageLINK Rental Management

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In a response to calls in some Ontario cottage country communities for tough new regulations on private cottage rentals, CottageLINK Rental Management (http://www.clrm.ca), an Ontario cottage rental management company, has written a paper explaining how private cottage rentals are important to the economy.

We felt it was important to take a stand and let the general public and their government representatives know just how much private cottage rentals contribute to the economy.

Cottage rental bans are a hot button issue right now in several Ontario cottage country areas. With occupancies down at some commercial tourist resort properties, some resort operators are claiming that private cottage rentals are to blame and that private rental cottages should be restricted, or even banned. Craig White of CottageLINK Rental Management (http://www.clrm.ca), an Ontario private cottage rental management company, strongly disagrees. He maintains that private cottages rentals do not take clientele away from resorts, and further, private rental cottages are important to the economy.

In response to the debate in cottage country over private cottage rentals and whether they should be regulated through zoning changes or banned outright, CottageLINK Rental Management has written an article titled Facts You May Not Know About Cottage Rentals, in the hopes of dispelling myths surrounding cottage rentals and the impact they have on their communities. “We felt it was important to take a stand and let the general public and their government representatives know just how much private cottage rentals contribute to the economy,” states Craig White. Heather Bayer (co-owner of CLRM) commented, “This issue is not isolated to Ontario – it is a concern across North America as vacation rentals become a mainstream choice for travelers. However, in areas where outright bans or restrictions on short term rentals have been proposed, the economic advantage of rentals to the communities involved has overridden the arguments against.”

Facts You May Not Know About Cottage Rentals

Renting Helps to Maintain Property Values:
A great many people rent out in order to fund their cottage purchases. We speak with people all the time who are considering a cottage purchase but will only be able to afford it if they rent several weeks of the year. Without the ability to rent, these buyers will leave the market, with the accompanying downward pressure on cottage price/value. Additionally, many cottage owners are second or third generation owners who have been ambushed by rapidly rising tax rates. These owners often resort to renting a few weeks a year in order to afford the taxes. Without this ability, they may be forced to sell, or worse, neglect necessary repairs to vital functions such as septic systems. Either way, the end result is also downward pressure on values.

Rentals Support the Local Economy
Visitors who are in the area for only one or two weeks of the summer will inject more money into the local economy. They are more likely to take in the museums and attractions that owners will have already experienced long ago. They will rent boats, use the marinas, buy souvenirs and take tours. Savvy owners, free from the burden of having to pack their clothing supplies each week, will often bring groceries from the city where they can be purchased more cheaply. Renters require a more densely packed car and thus are required to stock up locally. Owners typically spend less than 30% of high season at their cottage. If the cottage sits vacant during the other 70%, no money is flowing onto local businesses at that time. With rental activity, businesses are supported throughout the tourist season. If the local businesses cannot be supported, your may find that once-convenient services begin to disappear. Without these, you could find yourself with a double whammy of decreasing property values and increasing tax rates as municipalities scramble to make up the shortfall left by business closings.

Rental Properties are Maintained and Cleaned Regularly
As an agency, we are meticulous with our owner community that property standards be met and maintained - it is only fair to guests who are paying substantial amounts of money to stay there. Cottages must be kept clean, facilities must be kept in working order and generally the cottage must have an aesthetic appeal. In addition, rental income is often used to improve the property so that future rental activity is assured. Those nagging required fixes that may linger for years in unrented cottages cannot be left in that state in today's rental market. It simply is not acceptable.

Private Cottage Rentals do not take Business away from Resorts
Many resort operators are concerned that their market is being unfairly usurped by private cottage rentals. We have not found this to be the case. We find that our clientele, typically a family of 4-8 people, are looking for the personal, private cottage experience. They ask specifically about privacy and quiet, often shunning the more social aspect of resorts. There is a market for both types of vacations, but in our experience they do not cross over.

Responsible Renting
Agencies and owners who rent responsibly will ensure that cottages are occupied with guests that have been educated in subtleties of life at the cottage. They will know not to make noise at night, have proper respect for the environment and waterfront and generally be friendly temporary neighbours. In fact, you might find that rental guests may occasionally encourage permanent owners to respect the sanctity of the lake.

Renting is a Deterrent to Theft
Theft is an all-too-common occurrence in the isolated environment of cottage country. Sadly, thieves understand that sparsely populate areas make for easy targets. An occupied property means that potential thieves are likely to pass not only that cottage, but any cottages nearby as well....Criminals tend to be very risk-averse, and the rental group next door may be the perfect watchdogs for your cottage and not even be aware of it.

Build Awareness of Cottage Country
This sounds like it might be a "soft" point, but in reality it could be one of the most important. In Ontario and Quebec, we have something that is truly, truly unique in the world. If you peruse the world using Google Earth or similar tool, you will find no other place on the planet that offers the abundance of lakes, rivers and wilderness that we are fortunate enough to enjoy. Cottage rentals let families experience this environment first hand, building impressions that will last a life time. We cannot overstate the importance of ensuring that as many people as possible have a stake in protecting this amazing gift we have been given!

About CottageLINK Rental Management: Searching for the ideal rental cottage in Ontario or Quebec? Look no further than CottageLINK Rental Management, one of Canada’s leading cottage rental management companies with an extensive inventory of beautiful lakefront rental cottages in Muskoka, Haliburton, Kawarthas, Parry Sound, Georgian Bay, Lake Huron, Almaguin and Eastern Ontario. Chose from a wide selection of company inspected, Ontario rental vacation properties, listed with comprehensive descriptions and photos. In minutes, you can search, find and reserve the perfect vacation home, lakefront cottage, ski chalet or cabin online. For cottage owners, list your vacation home with CottageLINK Rental Management and they will manage the entire rental process, taking care of all the details and eliminating the hassle of renting your cottage yourself. To book your next cottage rental vacation or to learn how CottageLINK Rental Management’s can professionally market and management the rental of your vacation property, visit their website: http://www.clrm.ca, or call toll free: 1.866.323.6698.

Contact Information:
Craig White or Heather Bayer
CottageLINK Rental Management
Wychwood House
FR11 #79
Havelock ON K0L 1Z0
Local: 705.778.2768
Toll Free: 1.866.323.6698
craig(at)clrm(dot)ca
info(at)clrm(dot)ca
http://www.clrm.ca

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