Wilmington Island Georgia Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Wilmington Island, Updated April 2024
Rent Your Vacation Home or Condo in Wilmington Island, Georgia
When considering whether or not to rent out your Wilmington Island home as a short-term rental, it's important to keep in mind the current trends in the vacation rental market. According to RENTCafé, there are several positive trends currently affecting the vacation rental market in Wilmington Island, Georgia. These trends include: 1. More people are opting to take short vacations - instead of staying in one place for an extended period of time, more and more people are choosing to take short vacations that allow them to explore different parts of the world. This is especially true for people who are busy professionals who don't have time to travel full-time. 2. More people are choosing to rent out their homes instead of staying in hotels - this is because many people find that they enjoy the convenience of being able to live in a home while they're away. Additionally, renting out a home allows you to make some extra money while you're away - something that can be very helpful during a vacation. 3. The cost of vacation rentals is going down - this is because there is a greater demand for them than ever before. This is due in part to the fact that more and more people are choosing to take short vacations instead of staying in hotels. As a result, the demand for vacation rentals has gone up, which has led to an increase in the prices of these properties. If you're considering renting out your Wilmington Island home as a short-term rental, it's important to keep these trends in mind. By doing so, you'll be able to make sure that you're getting a good deal on your property and that you're catering to the current preferences of the vacation rental market.
When partnering with RedAwning for your property management needs, we can make sure your Wilmington Island rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Current Vacation Rental Trends in Wilmington Island
During the month of November, Savannah, for example, is projected to generate over $259/night for a 2 bedroom vacation rental, on average! There were 3,401 vacation active rental properties in Wilmington Island. 3,050 are renting the entire place, and 351 are shared rooms. On average, during the month of November 2023, each vacation rental property in Savannah is booked 70% of the time, and most hosts are projected to generate $4,795 or more during the month of November! Is your home in Wilmington Island and areas including , 31410, or another neighborhood in Wilmington Island, Georgia? See how much you could earn with your Wilmington Island vacation rental.
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$259.00 Per Night*
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70% Occupied*
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$4,795.00 Per Month*
* Based on the median average of all vacation rentals in the Wilmington Island area.
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Vacation Rentals in Wilmington Island 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 Wilmington Island, Georgia
Wilmington Island is a beautiful and secluded destination that is perfect for a relaxing vacation. With its wide variety of activities and attractions, it's no wonder that short-term rental properties have been doing so well in Wilmington Island. Here are some of the most popular vacation rental trends in Wilmington Island when you're considering renting out your Wilmington Island home as a short-term rental: • Golfing: There are numerous golf courses on Wilmington Island, making it the perfect destination for golfers of all levels. • Shopping: Wilmington Island has everything you need for a shopping spree, from high-end boutiques to chain stores. • Outdoor activities: There are plenty of activities available to take advantage of outdoors, from hiking to sailing. • Restaurants and nightlife: Wilmington Island has a variety of restaurants and nightlife options to choose from, making it the perfect destination for a relaxing weekend away.
When you're considering renting out your Wilmington Island home as a short-term rental, it's important to keep in mind the latest trends in vacation rental behavior. Here are a few things to keep in mind: 1. People are increasingly choosing to stay in vacation rentals instead of hotel rooms. This is due to the fact that vacation rentals offer a more comfortable and convenient experience. 2. Wilmington Island is a popular destination for families and couples. As a result, there is a lot of demand for vacation rental properties that are designed specifically for these groups. 3. Wilmington Island homes are often well-maintained and equipped with all the amenities that guests will need. This is thanks to the fact that many Wilmington Island homeowners own their homes full time and use them as vacation rentals only part of the year. 4. Wilmington Island homes are usually well-priced, making them an excellent option for those who want to stay in a desirable location without spending a lot of money.
RedAwning takes the guess-work out of Wilmington Island property management, and we work with you to ensure your Wilmington Island short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
See how much your Wilmington Island vacation rental could earn:
Revenue Projections for Vacation Rentals in Savannah/Wilmington Island, Georgia during December, 2023
Based on a 2 bedroom, which is the most common Wilmington Island 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 December. Higher bars below can command higher prices, if your Wilmington Island vacation rental is available during these days.
$23581%1st
$23581%2nd
$19274%3rd
$18971%4th
$19171%5th
$19272%6th
$20176%7th
$23179%8th
$23078%9th
$19571%10th
$19169%11th
$18969%12th
$19069%13th
$19471%14th
$23173%15th
$22774%16th
$19571%17th
$19270%18th
$19170%19th
$19570%20th
$20571%21st
$28473%22nd
$28976%23rd
$26476%24th
$24977%25th
$24179%26th
$24680%27th
$25880%28th
$31180%29th
$32379%30th
$29377%31st
Average Daily Price & Percent Occupied Next Month In Wilmington Island
Note: These averages are based on a 2 bedroom home in Savannah. 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 Wilmington Island, Georgia?
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, St. Simons, Helen, Blairsville, Grovetown, Demorest, East Point, St. Simons Island, Toccoa, Stockbridge, Braselton, Albany, Dawsonville, Dahlonega, Hiawassee, Douglasville, Mcdonough, Fayetteville, Adairsville, Blue Ridge, East Ellijay, Kathleen, Athens, Kennesaw, Lawrenceville, Valdosta, Talking Rock, Tucker, Dunwoody, Acworth, Fairburn, Decatur, Lithia Springs, Loganville, Columbus, Metcalf, Smoke Rise, Summerville, St. Marys, Shellman Bluff, Alpharetta, Marietta, Evans, Jasper, Cherry Log, and Ranger, Georgia or view all of our vacation rental market reports
