Galena Illinois Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Galena, Updated April 2024
Rent Your Vacation Home or Condo in Galena, Illinois
There are more Galena vacation rental options available now than ever before, with the demand for short-term rentals on the rise. With so many travelers looking to use Airbnb and VRBO as a way to save money, it’s no surprise that Galena, IL is one of the most popular vacation rental locations in the country. In fact, Galena is among the top-10 cities for Airbnb hosts in America, which means it has an active inventory of available accommodations. When choosing a place to stay in Galena, make sure to consider local amenities, such as quality restaurants, shopping options, and convenient public transportation. Even if you aren’t renting out your home for any longer than two weeks, it’s important to consider whether or not there will be plenty of things to do in Galena during your visit. If you are looking for a quiet getaway with plenty of outdoor activities and beautiful scenery, then a home may be a good option to consider.
When partnering with RedAwning for your property management needs, we can make sure your Galena rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Current Vacation Rental Trends in Galena
During the month of November, Galena is projected to generate over $331/night for a 3 bedroom vacation rental, on average! There were 606 vacation active rental properties in Galena. 574 are renting the entire place, and 32 are shared rooms. On average, during the month of November 2023, each vacation rental property in Galena is booked 55% of the time, and most hosts are projected to generate $5,063 or more during the month of November! See how much you could earn with our free vacation rental income calculator.
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$331.00 Per Night*
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55% Occupied*
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$5,063.00 Per Month*
* Based on the median average of all vacation rentals in the Galena area.
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Get a free estimate for your home or condo.
Vacation Rentals in Galena 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 Galena, Illinois
When it comes to renting out your Galena home as a vacation rental, there are a number of things to keep in mind. One of the top trends right now is the rise in short-term rentals for families. These are often offered with lower rates than traditional long-term rentals, making them attractive for weekend getaways or weeklong vacations. Another big trend is the rise of VRBO (Vacation Rental By Owner). This is a great way to earn extra cash by renting out your home when you’re not there — and it can be a great way to meet new people and make some friends. And finally, stay away from properties that don’t have high ratings from past guests. If you want to make sure you’re getting good reviews, then keep an eye on TripAdvisor, VRBO or Expedia.
Positive vacation rental trends in Galena, Illinois when you considering renting out your Galena home as a short-term rental are that more people are traveling. This means that more homes are available to rent for short-term vacation rentals. Even if you don’t live in Galena, there is still demand for short-term rentals in the area. That means you can make some extra money by renting your home for vacation stays or weekend getaways. You can also choose to rent out your home for a longer period of time, like a year or even longer. You could also consider renting out your home for an entire season. This is especially true if you are looking to make some extra money on the side while you focus on other projects at the same time.
RedAwning takes the guess-work out of Galena property management, and we work with you to ensure your Galena short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
See how much your Galena vacation rental could earn:
Revenue Projections for Vacation Rentals in Galena, Illinois during December, 2023
Based on a 3 bedroom, which is the most common Galena 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 Galena vacation rental is available during these days.
$30481%1st
$30681%2nd
$26873%3rd
$26371%4th
$26171%5th
$26072%6th
$26774%7th
$31583%8th
$31784%9th
$26374%10th
$26170%11th
$25970%12th
$26070%13th
$26671%14th
$31177%15th
$31278%16th
$26772%17th
$26272%18th
$26171%19th
$26272%20th
$27475%21st
$32279%22nd
$32980%23rd
$31479%24th
$31279%25th
$30280%26th
$31785%27th
$32688%28th
$37390%29th
$39691%30th
$37690%31st
Average Daily Price & Percent Occupied Next Month In Galena
Note: These averages are based on a 3 bedroom home in Galena. 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 Galena, Illinois?
If you are a speculative home buyer or have another home in Illinois, check out our other Illinois Vacation Rental Management reports in Alton, Aurora, Champaign, Chicago, Evanston, Oak Park, Pontiac, Rockford, Springfield, Jerusalem, Belleville, Lincoln, North Aurora, Holiday Hills, O'Fallon, Bull Valley, Park Forest, Plainfield, Melrose Park, Benton, Bolingbrook, Savoy, Carlinville, Des Plaines, Peoria, and Swansea, Illinois or view all of our vacation rental market reports
