Fort Lauderdale Florida Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Fort Lauderdale, Updated May 2023
If you notice that your rental property is consistently booked for short-term vacations, you could be on to something. There’s an increased demand for vacation rentals in Fort Lauderdale, FL, so there are many potential renters to choose from. If you’re considering renting out your Fort Lauderdale home as a short-term rental, you should consider the following: When it comes to short-term vacation rentals, the most important thing is to make sure that they are clean, safe and well maintained. It’s also a good idea to include all the amenities that guests will need. You can also sell some of the furniture and extra appliances so that it’s more attractive for potential renters.
When partnering with RedAwning for your property management needs, we can make sure your Fort Lauderdale rental is set up correctly and ready to generate the most amount of revenue possible per stay.
This luxury Mediterranean-style home has 26' high hand-painted dome ceilings in Ft. Lauderdale with 5 gorgeous bedrooms and private ensuite bathrooms ready for up to 12 guests. A vacation at this home will elevate you and your guests to celebrity-level amenities, including a private boat dock on the Intracoastal Waterway canal. Within a few blocks are the white sand beaches for which Florida is famous.
Step into the grand entrance of this modern-designed, appealing color pallet... Read More
This Fort Lauderdale 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 Fort Lauderdale.
Positive trends in short-term vacation rental (STR) rentals include an increase in the use of short-term rentals, particularly for long-term rentals. Short-term vacation rentals are private residences that are rented by individuals for a short period of time. Fort Lauderdale is seeing an increase in short-term vacation rentals due to its reputation as a tourist destination and the convenient location between Tampa and Miami. With a large number of tourists looking to rent out homes and apartments during their visit, there is a strong demand for these properties. There is also a growing trend of people choosing Fort Lauderdale as a place to live because it has many advantages such as no state income tax and low cost of living. Fort Lauderdale's high tourism season and location between Tampa and Miami make it a popular spot for tourists looking to rent out homes and apartments during their stay. Because there is so much demand, you can expect to receive more bookings than you can handle. However, this is a positive trend when you consider renting out your Fort Lauderdale home as a short-term rental.
A post-recession recovery in Fort Lauderdale means more people are looking for ways to spend the money they saved. Vacation rentals have become a hot topic, with more home owners offering their property up as an affordable way to enjoy the beach and sights. There are plenty of reasons why you might consider renting out your Fort Lauderdale home as a short-term rental: You’re looking to cut costs by reducing your mortgage payments You want to take advantage of the South Florida real estate market You want to provide an extra income stream You can use the rental income to pay down debt or save for a future purchase While there are plenty of benefits to renting out your Fort Lauderdale home as a short-term rental, there are also some potential risks that you should be aware of. For example, you could end up losing money if your guests don’t cancel their reservations on time or if there are any problems during their stay.
RedAwning takes the guess-work out of Fort Lauderdale property management, and we work with you to ensure your Fort Lauderdale 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 Fort Lauderdale. 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 Florida, check out our other Florida Vacation Rental Management reports in Bradenton Beach, Bradenton, Brooksville, Cape Canaveral, Captiva, Clearwater Beach, Clearwater, Clermont, Cocoa Beach, Dade City, Dania, Davenport, Daytona Beach, Englewood, Fort Myers, Haines City, Hollywood, Jacksonville Beach, Jacksonville, Jensen Beach, Key West, Kissimmee, Marathon, Marco Island, Miami Beach, Orlando, Miami, Naples, Navarre, New Port Richey, North Weeki Wachee, Palm Beach, Pompano Beach, Punta Gorda, Saint Petersburg, Sanibel, Sarasota, Satellite Beach, St. Augustine, St. Petersburg, Stuart, Surfside, Tampa, Vero Beach, West Palm Beach, Ft. Walton, Destin, Panama City Beach, Miramar, Siesta Key, Palm Coast, Flagler Beach, Georgetown, Datona Beach, New Smyrna Beach, Oak Hill, Melborne, Palm Bay, Fort Pierce, Delray Beach, Boca Raton, Brunswick, Hudson, Venice, Boca Grande, Bonita Springs, Everglades City, Okaloosa Island, Cape Coral, Daytona, Port St. Joe, Crystal River, Gainesville, Fort Myers Beach, Fort Walton Beach, Fernandina Beach, Santa Rosa Beach, Holmes Beach, Cape Haze, Saint Augustine, Miramar Beach, Treasure Island, Anna Maria, Inlet Beach, Navarre Beach, Inverness, Champions Gate, Hollywood Beach, Sunny Isles, Placida, Seacrest Beach, Rosemary Beach, Haines, Sunny Isles Beach, Indian Rocks Beach, Daytona Beach Shores, Okeechobee, Longboat Key, Reunion, Palm Harbor, Providence, Lake Buena Vista, Hernando, Cortez, Oakland Park, Melbourne, Seagrove Beach, Four Corners, Ft Myers Beach, Ormond Beach, Panama City, Crescent City, Largo, Davnport, Blue Mountain Beach, Saint Augustine Beach, Panama Beach City, Champion Gate, St. Pete Beach, Plantation, Kissimmiee, Kissimme, Marco Isand, Palmetto, Marco, Mirimar Beach, St Augustine, Hallandale Beach, Seminole, Indian Shores, Dvenport, Deltona, Dunedin, Ft. Myers Beach, Rotonda West, Lauderdale, Hainescity, Eastpoint, Grayton Beach, Seaside, Pensacola Beach, Lake Placid, Shalimar, Port St. Lucie, Winter Haven, Ocala, Pensacola, Wilton Manors, Davie, Port Richey, Ocoee, Horseshoe Beach, North Miami Beach, Margate, Lehigh Acres, Lake Panasoffkee, and Cutler Bay, Florida or view all of our vacation rental market reports