Beaver Creek Colorado Vacation Rental Managers
Income Estimates And Tips To Run a Successful Short Term Rental in Beaver Creek, Updated June 2023
Positive vacation rental trends in Beaver Creek, Colorado when you considering renting out your Beaver Creek home as a short-term rental. One of the greatest benefits of renting a vacation home in Beaver Creek is that it opens up the possibility for you to enjoy an extended vacation. Instead of having to plan and pack for just a few days or weeks, renting allows you to travel for an entire month or longer. If you’re looking to be closer to the mountains and want to avoid crowds along the ski slopes, renting a vacation home in Beaver Creek could be a good option. It’s also likely that you’ll be able to find a more affordable vacation home than if you were staying at a hotel. Another positive vacation rental trend in Beaver Creek, Colorado when you consider renting out your home is that it may help save money in the long run. By staying in a vacation rental instead of a hotel, you’ll be able to save on the cost of lodging while still enjoying all the amenities of home. You’ll also have more flexibility in terms of where you can stay, allowing you to explore new parts of town or find nearby attractions that are less crowded during peak times.
When partnering with RedAwning for your property management needs, we can make sure your Beaver Creek rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Before COVID-19 most guests didn't really pay attention how clean their vacation rental properties were at the time of making their reservation.
One of the perks of staying with Elevation Accommodations is the level of our cleaning and sanitization process. We have always taken cleaning seriously by carefully selecting products and processes that exceed industry standards. In addition, our housekeeping staff goes through rigorous training and afterwards an inspector checks to... Read More
This Beaver Creek vacation home is presented on every travel website, where travelers are looking to book accommodations (Airbnb, VRBO, Expedia, Google Travel, and hundreds more). And, with RedAwning's dynamic pricing, daily rates are adjusted based on seasonality and demand in Beaver Creek.
Positive vacation rental trends in Beaver Creek, Colorado include: Significant growth in short-term rentals, which have been rising steadily since 2014. A surge in short-term rentals has caused demand to outstrip supply and created an imbalance between supply and demand that is pushing prices up. According to Zumper, the average monthly rent for a one-bedroom apartment in Beaver Creek rose by $250 between January 2017 and January 2018. There is also a shortage of available space, especially in desirable neighborhoods like downtown and Cherry Creek. This occupancy rate translates into higher rents. As a result, the median price of a one-bedroom apartment in Beaver Creek is $1,275, up from $1,000 during the same period last year. Longer-term rentals are not as affected by short-term rentals because they typically command higher prices. However, longer-term rentals can also be affected by an influx of tourists because they are more susceptible to higher prices due to supply and demand.
It’s easy to see why Beaver Creek has become one of Colorado’s top vacation destinations. Located along the foothills of the Rocky Mountains, this small town offers a variety of outdoor activities, including hiking, biking, skiing and more. In addition to its natural beauty, Beaver Creek is also known for its high quality of life. The town has a thriving arts and culture scene as well as a number of restaurants and shops. It is also a very dog-friendly community, with nearly one in five households owning at least one canine. As a result, there is an abundance of pet-friendly rentals in the area. Below are some positive trends that you can expect to encounter when renting out your home in Beaver Creek:
RedAwning takes the guess-work out of Beaver Creek property management, and we work with you to ensure your Beaver Creek short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
Note: These averages are based on a 2 bedroom home in Avon. 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.
If you are a speculative home buyer or have another home in Colorado, check out our other Colorado Vacation Rental Management reports in Alamosa, Aspen, Breckenridge, Cortez, Denver, Durango, Estes Park, Fort Collins, Glenwood Springs, Grand Junction, Gunnison, Loveland, Montrose, Pagosa Springs, Snowmass Village, Telluride, Crested Butte, Vail, Avon, Copper Mountain, Keystone, Winter Park, Mountain Village, Frisco, Dillon, Steamboat Springs, Silverthorne, Edwards, Fraser, Grand Lake, Granby, Eagle Vail, Cabo San Lucas, Silvethorne, Leawood, Snowmass, Wildernest, West Vail, Jefferson, Sliverthrone, Tabernash, Silverthone, Glen Haven, Silverthrone, Eagle, and Colorado Springs, Colorado or view all of our vacation rental market reports