Financial Matters Managing Your Vacation Rental

Handling Payments from our Northern Neighbors

Written by Joan Talmadge
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canada moneyHomeowners report to us that they get more interest from Canadian vacationers than from any other foreign country.  In a previous blog post, we detailed the preferred methods of payment for international guests, including PayPal and bank transfers.  But here’s some advice specifically geared to Canadian tenants.

If you decide to have your guests pay you with a bank draft or money order, be sure to have them draw it in U.S. dollars, not Canadian dollars.  They will pay a small fee, but there will be none for you.

The other suggestion is to have the Canadian renter send you their payment by courier, such as FedEx or UPS, rather than the postal service.  Not only will it be much quicker and more reliable, but it will provide both parties with a tracking number.

Do you have any other tips to ease the international payment process?

About the author

Joan Talmadge

Joan Talmadge - My husband Jeff and I created in 1997, shortly after buying our Cape home. My background includes teaching fifth grade for 8 years and writing and editing educational publications for 15. I get great joy from helping fellow homeowners successfully rent their homes. Jeff and I are proud to have two of our three grown children working for, truly a family-run business. For me, the Cape and Islands are magical all times of the year -- whether it's walking on Nauset Beach, playing golf, or enjoying family and friends. Email Joan