How to Rent Your Vacation Home or Condo in St. Simons, Georgia

According to a recent report from HomeAway, the short-term rental market in St. Simons is on the rise. Between 2016 and 2018, there were over 10 times as many short-term rentals in St. Simons than there were just five years prior. With St. Simons’s growing popularity as a vacation destination, it’s no surprise that short-term rental sites like Airbnb have become so popular. If you want to take advantage of this trend and rent out your St. Simons home while you’re away, there are a few things you should keep in mind when it comes to renting out your home as a short-term rental. First off, you may have to pay additional taxes if your property is considered a “main residence” under the law in Georgia. You can learn more about this by reading the official rules for renting out your St. Simons home as a short-term rental . Also, keep in mind that some cities in Georgia have additional regulations for short-term rentals (such as St. Simons), so make sure to check with your local city hall before renting out your home if this is something you plan to do for an extended period of time.

Current Vacation Rental Trends in St. Simons

During the month of September, Saint Simons Island, for example, is projected to generate over $330/night for a 3 bedroom vacation rental, on average! There were 1,714 vacation active rental properties in St. Simons.  1,695 are renting the entire place, and 19 are shared rooms.  On average, during the month of September 2022, each vacation rental property in Saint Simons Island is booked 91% of the time, and most hosts are projected to generate $6,573 or more during the month of September! Is your home in St. Simons, or another neighborhood in St. Simons, Georgia? See how much you could earn with your St. Simons vacation rental.
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$330.00 Per Night*

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90% Occupied*

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$6,573.00 Per Month*

* Based on the median average of all vacation rentals in the St. Simons area.
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Vacation Rentals in St. Simons are Generating Record Profits with RedAwning

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Successful short-term vacation rentals in St. Simons, Georgia

As more and more people look to vacation on the coast, there’s a growing demand for short-term rentals in St. Simons. But while this trend is certainly exciting for property owners, it creates some challenges that must be addressed. For example, some renters may not have taken a vacation before and may struggle with unfamiliar surroundings and unfamiliar rules. Additionally, renters might take advantage of your home by discarding personal belongings or worse, breaking into your home. To make sure that these problems don’t occur, you need to communicate clearly with your potential guests and put in place strong security measures. By taking these steps, you can increase the likelihood that your home will be rented out safely and successfully.

Rather than focusing on the vacation rental trends that are negative, it’s a better idea to focus on the positive trends. For starters, there is an increasing number of people looking to rent out their homes. Secondly, there are now more vacation rental websites to choose from. And thirdly, there are more vacation rental properties available to choose from. The best part about these positive trends is that they can help you earn extra income while you’re away. In other words, if you decide to rent out your home while you’re away, then you will be able to cover your expenses and even make some extra money. So if you’re looking for a way to earn extra income when you’re away from home, then consider renting out your St. Simons home as a short-term vacation rental property.

Revenue Projections for Vacation Rentals in Saint Simons Island/St. Simons, Georgia during October, 2022

Based on a 3 bedroom, which is the most common St. Simons 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 October. Higher bars below can command higher prices, if your St. Simons vacation rental is available during these days.
 
$28379%1st
 
$27376%2nd
 
$26574%3rd
 
$26274%4th
 
$26876%5th
 
$27780%6th
 
$28884%7th
 
$30185%8th
 
$29784%9th
 
$28081%10th
 
$27779%11th
 
$26679%12th
 
$27280%13th
 
$28279%14th
 
$29077%15th
 
$27175%16th
 
$26373%17th
 
$26573%18th
 
$25973%19th
 
$26975%20th
 
$28576%21st
 
$28875%22nd
 
$27172%23rd
 
$26471%24th
 
$26671%25th
 
$28775%26th
 
$45889%27th
 
$55992%28th
 
$53891%29th
 
$34376%30th
 
$28868%31st
 

Average Daily Price & Percent Occupied Next Month In St. Simons

Note: These averages are based on a 3 bedroom home in Saint Simons Island. 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 St. Simons, Georgia?

If you are a speculative home buyer or have another home in Georgia, check out our other Georgia Vacation Rental Management reports in AtlantaAugustaMaconSandy SpringsSavannahHelen,  and Blairsville, Georgia or view all of our vacation rental market reports

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