Hilo Hawaii Vacation Rental Managers
Income Estimates And Tips To Run a Successful Short Term Rental in Hilo, Updated October 2024
Rent Your Vacation Home or Condo in Hilo, Hawaii
Positive vacation rental trends in Hilo, Hawaii when you considering renting out your Hilo home as a short-term rental. These are the main things to keep in mind when renting out your home: There are many benefits to the short-term rental market, including income, flexibility and an opportunity to meet new people. Renting out your Hilo home can help cover expenses while you’re away, and it can also help build an extra source of income. But there are also risks associated with short-term rentals, such as damage to the property, strangers staying in your home and privacy concerns. It’s important to be aware of these potential issues before deciding to rent out your property.
When partnering with RedAwning for your property management needs, we can make sure your Hilo rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Current Vacation Rental Trends in Hilo
During the month of November, Hilo is projected to generate over $189/night for a 2 bedroom vacation rental, on average! There were 461 vacation active rental properties in Hilo. 339 are renting the entire place, and 122 are shared rooms. On average, during the month of November 2023, each vacation rental property in Hilo is booked 73% of the time, and most hosts are projected to generate $3,253 or more during the month of November! See how much you could earn with our free vacation rental income calculator.
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$189.00 Per Night*
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73% Occupied*
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$3,253.00 Per Month*
* Based on the median average of all vacation rentals in the Hilo area.
Get a free estimate for your home or condo.
Get a free estimate for your home or condo.
Featured Hilo Vacation Rental Generating Record Profits With RedAwning
Mauna Loa Shores #405 Starting at $145 to $465 per night!
Spacious 1/1 Condo w/ a Private Lanai with Ocean and Mountain Views. Pool use included! Next to Carlsmith Beach Park - Best Snorkeling in Hilo!
Feel right at home at this contemporary condo complete with a full kitchen and private, furnished lanai. Listen to the soft crash of the ocean waves through the trees and feel the cool ocean breezes while you relax. Steps from the beach and local shops - this condo's central location in Hilo is perfect to experience it all while still having... Read More
This Hilo 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 Hilo.
Successful short-term vacation rentals in Hilo, Hawaii
Positive vacation rental trends in Hilo, Hawaii when you considering renting out your Hilo home as a short-term rental. The first positive trend is that the number of unique visitors to Hilo, Hawaii is increasing. This means that more and more people are either visiting or moving to Hilo, Hawaii and the demand for vacation rentals in the area is on the rise. One of the other positive things about renting out your Hilo, Hawaii home as a short-term rental is that it can help you make some money while you're away. When you rent out your home through Airbnb, VRBO or HomeAway, you can earn some extra cash each month by listing it as a short-term rental property. There are also some tax benefits to renting out your home as a short-term rental. If you're renting out your property short-term during normal business hours, you'll be able to claim a portion of your rent as an expense on your taxes.
Positive vacation rental trends in Hilo, Hawaii when you considering renting out your Hilo home as a short-term rental. The popularity of vacation rentals in Hilo, Hawaii has been growing rapidly over the past few years. There are a number of benefits to renting out your Hilo home as a short-term rental, including increased revenue and exposure to new potential guests. Here are some of the most prominent reasons why people choose to rent out their Hilo home as a short-term rental: 1. Increase Revenue - One of the main benefits of renting out your Hilo home as a short-term rental is increased revenue. When you list your property on Airbnb or VRBO, you can earn an additional income by charging nightly fees or accepting payment through PayPal. Placing a high-quality listing on both sites will help attract new guests and increase overall demand for your property. 2. Exposure - Another benefit of renting out your Hilo home as a short-term rental is increased exposure. When you list your property on Airbnb or VRBO, it’s easy for potential guests to find you and book your accommodations. This can lead to new bookings and added exposure for your brand in the long run.
RedAwning takes the guess-work out of Hilo property management, and we work with you to ensure your Hilo short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
See how much your Hilo vacation rental could earn:
Revenue Projections for Vacation Rentals in Hilo, Hawaii during December, 2023
Based on a 2 bedroom, which is the most common Hilo 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 Hilo vacation rental is available during these days.
$17685%1st
$16985%2nd
$17384%3rd
$17084%4th
$16884%5th
$17385%6th
$17185%7th
$17485%8th
$18086%9th
$18184%10th
$18184%11th
$17984%12th
$17985%13th
$18087%14th
$19087%15th
$18387%16th
$19388%17th
$19487%18th
$20084%19th
$19984%20th
$20886%21st
$23690%22nd
$24091%23rd
$26892%24th
$27092%25th
$28992%26th
$29492%27th
$29092%28th
$26690%29th
$25089%30th
$25288%31st
Average Daily Price & Percent Occupied Next Month In Hilo
Note: These averages are based on a 2 bedroom home in Hilo. 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 Hilo, Hawaii?
If you are a speculative home buyer or have another home in Hawaii, check out our other Hawaii Vacation Rental Management reports in Hanalei, Hauula, Honolulu, Kahuku, Kailua Kona, Kamuela, Kaneohe, Kapaa, Kapolei, Kihei, Kilauea, Koloa, Lahaina, Laie, Lihue, Paia, Princeville, Waianae, Waikoloa, Maui, Keaau, Anahola, Pahoa, Volcano, Haena, Wailuku, Kaanapali, Napili, Hana, Kailua, Kapalua, Wailea, Pepeekeo, Kahului, Wainiha, Kahana, Papaaloa, Kona, Waialua, Kohala Coast, Kula, Keauhou, Mountain View, Honokowai, Haleiwa, Papaikou, Anini, Kehena, and Ele'Ele, Hawaii or view all of our vacation rental market reports
