St. Simons Georgia Vacation Rental Report
Success Stories & Vacation Rental Trends, Updated October 2022
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.
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.
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.
If you are a speculative home buyer or have another home in Georgia, check out our other Georgia Vacation Rental Management reports in Atlanta, Augusta, Macon, Sandy Springs, Savannah, Helen, and Blairsville, Georgia or view all of our vacation rental market reports