Vancouver 2010. Who is coming? Where will they stay? Are you going to be one of the lucky home owners to cash in on lucrative rental deals for your home?

Everyone is talking about potential rental incomes of $10,000 to $30,000 but are these figures realistic? There are potential concerns in the Olympic community that if the rents appear too high, some visitors may forego the games. However, there is no way of knowing until the Olympics start.

Based on a look at properties being listed for rent through various websites, it is evident that there are a variety of options, including complete houses, condos, apartments, self contained suites in private homes, and single rooms.

Currently there is no official rental program set up to list or monitor private rental accommodation for the 2010 Olympics. There is no way to monitor whether landlords are achieving their rent asked. One strategy is to offer your property below the average asking price. This may generate some interest in your property.

While many websites are listing home rental properties, there are also some full service organizations that will take care of all the details, should you wish to make your home rental as hassle free as possible. For example, visit the website: www.VanAccom.com to view a full service site. VanAccom will not only list your property on a fully optimized website, but will actively seek out renters, handle the details and return your property to you at the end of the rental term, in the condition you left it.

With 1.6 million event tickets available, 80+ participating countries and over 10,000 media people expected to come to Vancouver for the Games, there should be lots of interest in available housing, despite the economic downturn. Perhaps the $30,000 pay off for a month’s rental seems out of line in tough economic times. Like most markets, this one will fluctuate with each passing month. As the home owner you will have to decide on the right rental price for your property.

Many of the large corporate sponsors, athletes, National Olympic and Paralympic Committee members, broadcasters have already locked up their accommodation needs; there remains plenty of opportunity to offer accommodation to other Olympic visitors. Throughout the summer and up until Games time, the demand for Vancouver accommodation should ramp up. Will your home be on the “rented” list?