Rent Your Vacation Home or Condo in Lake Placid, Florida

The Lake Placid area has plenty of things to offer renters, from active recreation to natural beauty and a low cost of living. While the area is not necessarily known for its vacation rentals, there are a few things that you can do to increase your chances of renting out your home as a vacation rental. The most important thing is to make sure that your property meets both local and state regulations. Make sure that your pool is able to be used by all guests and that you have the appropriate permits in place. You can also add some personal touches to make your Lake Placid rental stand out from others. A little bit of personalization goes a long way. People who plan on renting out their home as a short-term rental should also keep in mind the costs associated with operating a vacation rental property. Renting out your home could end up costing you more than just covering your mortgage payment. You will have to pay for additional taxes and fees such as real estate agent fees, cleaning costs, and utilities.

When partnering with RedAwning for your property management needs, we can make sure your Lake Placid rental is set up correctly and ready to generate the most amount of revenue possible per stay.

Current Vacation Rental Trends in Lake Placid

During the month of October, Lake Placid is projected to generate over $217/night for a 3 bedroom vacation rental, on average! There were 205 vacation active rental properties in Lake Placid.  204 are renting the entire place, and 1 are shared rooms.  On average, during the month of October 2022, each vacation rental property in Lake Placid is booked 53% of the time, and most hosts are projected to generate $2,830 or more during the month of October! See how much you could earn with our free vacation rental income calculator.
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$217.00 Per Night*

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52% Occupied*

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$2,830.00 Per Month*

* Based on the median average of all vacation rentals in the Lake Placid area.
Get a free estimate for your home or condo.

Featured Lake Placid Vacation Rental Generating Record Profits With RedAwning

Beautifully Remodeled Lake Placid Residence- Access to Saltwater Pool, Clubhouse & Tennis Courts! Starting at $61 to $150 per night!

Welcome to our  Lake Placid home - the perfect spot for your next vacation to this lovely community in Central Florida.

The home has recently been remodeled and features an open and spacious kitchen with brand new appliances and lots of counter and storage space. You'll find basic cooking and kitchen utensils so you can easily make your own homecooked meals. Inside there is a small table that can seat two guests, and out back we have a lovely garden area with a picnic table which... Read More

This Lake Placid 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 Lake Placid.

Successful short-term vacation rentals in Lake Placid, Florida

There are many advantages to allowing people to rent your vacation home while you’re away. Your pool, hot tub, and backyard will be fully utilized. You’ll get a chance to meet new people and make new friends. And you might even make some money! It’s important to note that short-term rentals can come with some risks. If the renter doesn’t follow the rules, damage might occur to the property. Also, there may be an increase in trash around the property if guests leave food and beverages behind. There are also a few things you should keep in mind when considering renting out your Lake Placid home as a short-term rental. First, consider whether it makes sense for you. Will you be able to cover the costs of hosting this guest during your absence? Second, remember that short-term rentals are not covered under most homeowner insurance policies, so you need to cover any damages that may occur. And lastly, remember that it takes time to build a solid rental history, so take your time and do things right before you start accepting bookings.

While short-term vacation rentals are a growing trend in the vacation rental industry, there are some things you should know before offering your home for rent. For example, you should make sure that your property is in good shape and that it meets all local regulations. You should also be prepared to deal with potential problems that may arise, such as high rental demand or unexpected issues with guests. With these factors in mind, renting out your Lake Placid vacation home could be a rewarding experience during your next getaway to Lake Placid.

RedAwning takes the guess-work out of Lake Placid property management, and we work with you to ensure your Lake Placid short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.

See how much your Lake Placid vacation rental could earn:

Revenue Projections for Vacation Rentals in Lake Placid, Florida during November, 2022

Based on a 3 bedroom, which is the most common Lake Placid 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 November. Higher bars below can command higher prices, if your Lake Placid vacation rental is available during these days.
 
$21659%1st
 
$21859%2nd
 
$21760%3rd
 
$22360%4th
 
$22360%5th
 
$21961%6th
 
$21760%7th
 
$21359%8th
 
$21158%9th
 
$21460%10th
 
$22361%11th
 
$22460%12th
 
$21857%13th
 
$21558%14th
 
$21458%15th
 
$21759%16th
 
$21859%17th
 
$22861%18th
 
$23161%19th
 
$23161%20th
 
$24264%21st
 
$23966%22nd
 
$24171%23rd
 
$25472%24th
 
$25572%25th
 
$24570%26th
 
$23663%27th
 
$22660%28th
 
$21856%29th
 
$22058%30th
 

Average Daily Price & Percent Occupied Next Month In Lake Placid

Note: These averages are based on a 3 bedroom home in Lake Placid. 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 Lake Placid, Florida?

If you are a speculative home buyer or have another home in Florida, check out our other Florida Vacation Rental Management reports in Bradenton BeachBradentonBrooksvilleCape CanaveralCaptivaClearwater BeachClearwaterClermontCocoa BeachDade CityDaniaDavenportDaytona BeachEnglewoodFort LauderdaleFort MyersHaines CityHollywoodJacksonville BeachJacksonvilleJensen BeachKey WestKissimmeeMarathonMarco IslandMiami BeachOrlandoMiamiNaplesNavarreNew Port RicheyNorth Weeki WacheePalm BeachPompano BeachPunta GordaSaint PetersburgSanibelSarasotaSatellite BeachSt. AugustineSt. PetersburgStuartSurfsideTampaVero BeachWest Palm BeachFt. WaltonDestinPanama City BeachMiramarSiesta KeyPalm CoastFlagler BeachGeorgetownDatona BeachNew Smyrna BeachOak HillMelbornePalm BayFort PierceDelray BeachBoca RatonBrunswickHudsonVeniceBoca GrandeBonita SpringsEverglades CityOkaloosa IslandCape CoralDaytonaPort St. JoeCrystal RiverGainesvilleFort Myers BeachFort Walton BeachFernandina BeachSanta Rosa BeachHolmes BeachCape HazeSaint AugustineMiramar BeachTreasure IslandAnna MariaInlet BeachNavarre BeachInvernessChampions GateHollywood BeachSunny IslesPlacidaSeacrest BeachRosemary BeachHainesSunny Isles BeachIndian Rocks BeachDaytona Beach ShoresOkeechobeeLongboat KeyReunionPalm HarborProvidenceLake Buena VistaHernandoCortezOakland ParkMelbourneSeagrove BeachFour CornersFt Myers BeachOrmond BeachPanama CityCrescent CityLargoDavnportBlue Mountain BeachSaint Augustine BeachPanama Beach CityChampion GateSt. Pete BeachPlantationKissimmieeKissimmeMarco IsandPalmettoMarcoMirimar BeachSt AugustineHallandale BeachSeminoleIndian ShoresDvenportDeltonaDunedinFt. Myers BeachRotonda WestLauderdaleHainescityEastpointGrayton BeachSeasidePensacola BeachShalimarPort St. LucieWinter HavenOcala,  and Pensacola, Florida or view all of our vacation rental market reports

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