Santa Monica California Vacation Rental Managers
Income Estimates And Tips To Run a Successful Short Term Rental in Santa Monica, Updated June 2023
Rent Your Vacation Home or Condo in Santa Monica, California
There are many advantages to renting out your Santa Monica home as a short-term vacation rental. First, it’s a way to make extra money without the hassles of full-time housekeeping. You can also rent out your home while you’re away so you can enjoy your vacation without having to worry about a messy rental or a lost key. Finally, renting out your Santa Monica home as a short-term vacation rental can increase your property value because most homeowners want to show their best side when they’re not in town. To rent out your Santa Monica home, there are several things you need to know first. First and foremost, Santa Monica isn’t the best place for short-term rentals because the city has strict regulations about how many days you can stay in your home and what types of guests you can have. For this reason, it’s best to focus on other cities with more lenient rental laws instead of Santa Monica. Second, be sure to properly prepare your home before anyone comes to stay in it. This means making sure that all the usual amenities are available (hot water, electricity, etc.) and that all of the items listed in the listing are present and accounted for. Third, if you have a pool or hot tub at your property, be sure to clean it out before any guests arrive to prevent any potential
When partnering with RedAwning for your property management needs, we can make sure your Santa Monica rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Current Vacation Rental Trends in Santa Monica
During the month of February, Santa Monica is projected to generate over $264/night for a 2 bedroom vacation rental, on average! There were 991 vacation active rental properties in Santa Monica. 768 are renting the entire place, and 223 are shared rooms. On average, during the month of February 2023, each vacation rental property in Santa Monica is booked 68% of the time, and most hosts are projected to generate $4,185 or more during the month of February! See how much you could earn with our free vacation rental income calculator.
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$264.00 Per Night*
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68% Occupied*
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$4,185.00 Per Month*
* Based on the median average of all vacation rentals in the Santa Monica area.
Get a free estimate for your home or condo.
Get a free estimate for your home or condo.
Vacation Rentals in Santa Monica are generating record profits with RedAwning.
Find out how you can exceed your revenue goals with RedAwning's property management resources.
Successful short-term vacation rentals in Santa Monica, California
Santa Monica is one of the most popular vacation destinations in the United States. From beachfront properties to luxury hotels, there are a variety of choices when renting out your Santa Monica home. Positive guest feedback can help you find new renters, while negative reviews can be stressful. Here are some key takeaways to keep in mind when renting out your Santa Monica home: To build trust with potential renters, be honest about the Santa Monica property and its amenities. For example, don’t over-promise on things like Wi-Fi or kitchen appliances. Provide clear directions to the property and make it easy for guests to find. If you choose to rent out your Santa Monica home for short-term rentals, make sure it’s clean and well-maintained.
Santa Monica is a coastal city in Southern California. It is known for being one of the most beautiful cities in the world with many popular attractions including the Santa Monica Pier, Santa Monica Beach, and Santa Monica Mountains. The city is also home to a large number of restaurants and bars. You can find everything from casual to fine dining here. There are also plenty of other things to do here. You can go on fun rides at the beach, visit museums, or just relax by the pool. If you want to experience something different, you can rent out your home on AirBnB as a short-term rental. The positive aspects of doing this include: You can make extra money by renting out your home. You can get more exposure by renting out your home to visitors. You can live in a place that feels more authentic than your own home.
RedAwning takes the guess-work out of Santa Monica property management, and we work with you to ensure your Santa Monica short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
See how much your Santa Monica vacation rental could earn:
Revenue Projections for Vacation Rentals in Santa Monica, California during March, 2023
Based on a 2 bedroom, which is the most common Santa Monica vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in March. Higher bars below can command higher prices, if your Santa Monica vacation rental is available during these days.
$30882%1st
$31583%2nd
$35283%3rd
$35082%4th
$32381%5th
$31981%6th
$31280%7th
$31380%8th
$31580%9th
$34181%10th
$34281%11th
$31580%12th
$31579%13th
$31379%14th
$31378%15th
$31778%16th
$34479%17th
$34679%18th
$31879%19th
$31878%20th
$31178%21st
$31278%22nd
$31778%23rd
$34078%24th
$33978%25th
$31178%26th
$31478%27th
$31378%28th
$31277%29th
$31778%30th
$33177%31st
Average Daily Price & Percent Occupied Next Month In Santa Monica
Note: These averages are based on a 2 bedroom home in Santa Monica. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.
Interested in learning how you can maximize your vacation rental revenue in Santa Monica, California?
If you are a speculative home buyer or have another home in California, check out our other California Vacation Rental Management reports in Anaheim, Bass Lake, Buena Park, Burbank, Camarillo, Chico, Costa Mesa, Dana Point, Huntington Beach, Joshua Tree, Laguna Beach, Los Angeles, Madera, Mammoth Lakes, Marina, Monterey, Oakhurst, Oakland, Oxnard, Palm Springs, Pasadena, Paso Robles, Redding, Redondo Beach, San Diego, San Francisco, San Luis Obispo, Santa Barbara, Santa Cruz, Sonoma, South Lake Tahoe, Stockton, Three Rivers, Tuolumne City, Ventura, Weaverville, Yucca Valley, Bear Valley, Arnold, Groveland, Truckee, Temecula, Tahoe City, Kings Beach, Olympic Valley, Carnelian Bay, Homewood, Tahoma, Tahoe Vista, Westwood, Santa Rosa, Fresno County, Big Bear Lake, Big Bear City, Pismo Beach, Newport Beach, Avila Beach, Napa, Lake Arrowhead, Sugarloaf, Solana Beach, Fawnskin, La Quinta, Kirkwood, Yosemite, Oceano, Twain Harte, Cathedral City, Gualala, Long Beach, Sky High Ranch, Northstar, La Jolla, Berkeley, Aptos, Healdsburg, The Sea Ranch, Shaver Lake, Anchor Bay, Corona Del Mar, Encinitas, Guerneville, Cold Springs, Sugar Pine, Ben Lomond, Palo Alto, Glen Ellen, Pleasanton, Twin Bridges, Dorrington, Fort Braggs, Daly City, Escondido, Forestville, Crescent City, San Rafael, Ukiah, Lee Vining, Grover Beach, El Portal, Sausalito, Alpine Meadows, Jenner, Palm Desert , Colfax, San Jose, Novato, Union City, Kernville, Arroyo Grande, Valencia, Millbrae, Sebastopol, Sea Ranch, Santa Ana, East Palo Alto, Cloverdale, Orinda, Sacramento, Indio, Porterville, Fiddletown, Irvine, El Sobrante, Turlock, and Mountain Mesa, California or view all of our vacation rental market reports
