Rent Your Vacation Home or Condo in Palm Bay, Florida

When people think of short-term vacation rentals, they often think of the popular Airbnb and VRBO platforms. However, there are a number of other options available. When you rent out your Palm Bay home as a short-term vacation rental, you have the option to rent your property both short-term (e.g. 5 nights) and long-term (e.g. 1 year). While this may be less lucrative than renting out an entire house for 30 days at a time, it can be an attractive option for homeowners who do not want to deal with the hassle of long-term tenants or who want to generate some extra income from their Palm Bay property during the off season. As with any type of rental property, there are certain things that you should consider when deciding whether or not to rent out your Palm Bay home as a short-term vacation rental. These include: 1. Location – Ideally, you want to choose an area where you know someone, so that you can build up a rapport with potential guests before they arrive, making it easier for them to feel at home in your Palm Bay home during their stay.br />2. Cleanliness – Make sure that your property is clean and well maintained before listing it with a vacation rental platform.br />3. Pricing – It’s important to know what kind of price range you can expect when

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

Current Vacation Rental Trends in Palm Bay

During the month of October, Miami, for example, is projected to generate over $201/night for a 2 bedroom vacation rental, on average! There were 13,170 vacation active rental properties in Palm Bay.  11,277 are renting the entire place, and 1,893 are shared rooms.  On average, during the month of October 2022, each vacation rental property in Miami is booked 62% of the time, and most hosts are projected to generate $2,656 or more during the month of October! Is your home in Palm Bay and areas including , Palmetto Bay, or another neighborhood in Palm Bay, Florida? See how much you could earn with your Palm Bay vacation rental.
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$201.00 Per Night*

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61% Occupied*

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$2,656.00 Per Month*

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

Vacation Rentals in Palm Bay 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 Palm Bay, Florida

With the recent increase in popularity of Airbnb and other online services for booking vacation rentals, the number of people looking for short-term vacation rentals in Palm Bay has increased. Short-term vacation rentals are perfect for travelers who want to stay somewhere other than a hotel, but who aren’t ready to commit to an extended stay. Additionally, short-term rental owners can choose from a variety of amenities, while visitors can enjoy the comfort of their own home. While short-term rentals have many benefits, they also have some potential drawbacks. For example, some local residents may not be thrilled by the idea of strangers renting out their homes during their vacation time without paying them a fee or a steady rate. And because short-term rentals are less regulated than hotels, it’s harder for renters to find out if their property is safe and secure.

A vacation home doesn't have to be a complicated investment. It can be an asset that brings in passive income, is a great way to spend quality time with family, and is a way to save money on the long term. There are a few things to keep in mind when considering this option. First, make sure your property is well maintained. Second, do your research before you list your rental property for vacation rental. Talk to other owners and see what their experiences were like. Third, make sure you treat your guests like family. Treat them like royalty and they will feel it and be more likely to return to give you referrals for future vacations or vacation rentals. Fourth, try not to be pushy about renting out your property for short term rentals. This could ruin the experience for your guests and decrease the likelihood of them wanting to rent from you again.

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

See how much your Palm Bay vacation rental could earn:

Revenue Projections for Vacation Rentals in Miami/Palm Bay, Florida during November, 2022

Based on a 2 bedroom, which is the most common Palm Bay 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 Palm Bay vacation rental is available during these days.
 
$26376%1st
 
$26576%2nd
 
$27977%3rd
 
$31878%4th
 
$32078%5th
 
$28376%6th
 
$26776%7th
 
$26776%8th
 
$26876%9th
 
$28276%10th
 
$31777%11th
 
$32177%12th
 
$28776%13th
 
$26875%14th
 
$26875%15th
 
$27075%16th
 
$28775%17th
 
$33076%18th
 
$33576%19th
 
$29076%20th
 
$27575%21st
 
$27875%22nd
 
$29376%23rd
 
$31976%24th
 
$35476%25th
 
$35676%26th
 
$31176%27th
 
$29475%28th
 
$29576%29th
 
$32376%30th
 

Average Daily Price & Percent Occupied Next Month In Palm Bay

Note: These averages are based on a 2 bedroom home in Miami. 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 Palm Bay, 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 HillMelborneFort 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 BeachLake PlacidShalimarPort St. LucieWinter HavenOcala,  and Pensacola, Florida or view all of our vacation rental market reports

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