Ketchum Idaho Vacation Rental Managers
Income Estimates And Tips To Run a Successful Short Term Rental in Ketchum, Updated December 2022
When it comes to vacation rentals, Ketchum is a popular destination. And with that popularity comes an increased interest in short-term rentals in Ketchum. But there are some things to keep in mind when deciding whether or not to rent out your home as a short-term rental. Here are some of the most important things to keep in mind: To make sure you’re complying with all local laws and regulations, it’s a good idea to check in with your local authorities before you begin renting out your Ketchum home.
When partnering with RedAwning for your property management needs, we can make sure your Ketchum rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Positive vacation rental trends in Ketchum, Idaho when you considering renting out your Ketchum home as a short-term rental. Ketchum is located in the beautiful Sawtooth National Recreation Area and is surrounded by beautiful mountain views. The town itself is small and cozy with a variety of local shops and restaurants to enjoy. Recent developments have seen a number of new restaurants open up, some of which are right on the main street. There are also many bars and coffee shops within walking distance to relax at after a day of sightseeing or hiking. Positive vacation rental trends in Ketchum, Idaho when you considering renting out your Ketchum home as a short-term rental.
A recent report by the National Association of Rental Property Managers (NARPM) found that short-term rental owners reported an average revenue of over $3,000 per week. The rental industry is booming in Ketchum, Idaho and there are many positive reasons why you could be a good fit to make money renting out your home. Another benefit of renting out your Ketchum home as a short-term rental is that it can provide a great way to save money on your mortgage or other expenses. Short-term rental owners have a lot of flexibility since they can rent their homes out when they need some extra cash and they can take advantage of vacations and other times when they don’t need their primary residence. Renting out your Ketchum home is also a great way to get exposure for your business. You can use your vacation property for advertising and you can create a more personal connection with guests if you host them in your own home. If you’re interested in renting out your Ketchum home as a short-term rental, be sure to contact local real estate agents and find out if there are any fees or requirements to doing so.
RedAwning takes the guess-work out of Ketchum property management, and we work with you to ensure your Ketchum short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
Note: These averages are based on a 2 bedroom home in Ketchum. 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 Idaho, check out our other Idaho Vacation Rental Management reports in Boise, Lewiston, Pocatello, Coeur D'Alene, Sun Valley, Hailey, Indianapolis, Carmel, and Kellogg, Idaho or view all of our vacation rental market reports