Your Top Questions Answered
When will I receive payment for bookings?
Payment is collected upon booking, and Airbnb deposits funds into your account within 24 hours of guest check-in. Please allow up to 7 days for the transaction to clear.
How is the money deposited into my account?
Airbnb directly disperses and deposits funds into the owner's and manager's accounts.
Do I need to pay taxes?
Turnkey Stays recommends consulting with a CPA for tax advice. While GST is collected by Airbnb, the Alberta Tourism Levy is charged to guests by Airbnb and remitted by Turnkey Stays.
Is insurance provided?
Airbnb includes Aircover insurance, offering $3M USD in damage protection and $1M USD in liability coverage.
Who is responsible for property damage?
Airbnb's insurance coverage provides substantial protection against damages caused by guests to the property and belongings.
How is inventory tracked?
Turnkey Stays maintains a detailed record of each item purchased for short-term rentals, regularly updating the inventory log with quality checks after each guest checks out.
Who handles maintenance?
Turnkey Stays manages all maintenance, unless otherwise agreed upon with the property owners.
Do I need additional insurance?
The City of Calgary requires homeowners to have specific insurance for short-term rentals. While not mandatory outside Calgary, additional coverage is highly recommended.
How are guests vetted?
Thorough house rules and policies are set, and guests must agree to them upon booking. Failure to comply may result in fines or immediate eviction. Turnkey Stays ensures guests are verified on Airbnb and have positive reviews from previous hosts.
We Make It Happen ⎯
Let's Build Your Vision,
Together.
