The U. S. Sunbelt states have a well known history of attracting large numbers of domestic and international tourists.

These tourists have several available options when it comes to their choice of accommodations. Everything from trailer homes in RV Communities, hotels and motels to the luxury condominiums and resorts along the U. S. coastline

Central Showplace is featuring short term rentals of two, three and four bedroom furnished condominiums and homes that are located in the heart of tourist hotspots and that are ideally suited for families who want to vacation together.

These Short Term Vacation Rental Programs typically offer accommodation by the week or by the month and are generally located in the heart of vacation destinations which have access to local amenities and attractions like the beaches that line the coast of the Carolinas or the Gulf Coast as well as the vacation hot spots like Orlando’s Disneyland Resort or Galveston’s Moody Gardens.

Instead of renting a hotel room for mom and dad, a room for the kids and a room for the grand kids, the extended family rents a three or four bedroom vacation home. When you do the math for three or four hotel rooms, diners out and add a collection of rental cars, it is easy to see how quickly the costs jump up and how attractive a $3,500 a week vacation home can become.

The demand for short term furnished rentals has created an industry that now manages and leases these properties by the tens of thousands. It is an industry that is now widely accepted and the accommodations are sought after.

Central Showplace has reached out to a number of the U.S. developers and property managers that are actively involved in this industry and offered them an opportunity to display their properties in our Expo right here in Toronto and we are pleased to confirm that we expect to have a wide assortment of properties for you to view over the next few months.

Owning a well located, professionally managed, short term furnished vacation property provides an excellent opportunity for Canadians to enter into the US Real Estate market. The fact that the lease term is short and that the stay is being compared to hotels and resorts increases rents to a point where properties can break even when they are only rented out half a year or so.

This is the ideal situation for a Canadian that would like to rent out their property in the summer in the high season and vacation down south in the winter avoiding the sleet and snow of our winters. They will quite often be able to manage a scenario where they will be able to stay for a few months for free.

There are other concerns of course, such as filing a U.S. tax form if you rent your property, but when all is said and done, Canadians would have to claim rental income on a Canadian cottage property, so there isn’t all that much difference. However, know that there is enough of a difference that a Canadian should consult with a tax expert who understands the intricate details of a Canadian owning a place in the sun before they take the plunge so that the required tax planning and proper steps are taken.

Harold Green

Central Showplace