Bardstown Kentucky Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Bardstown, Updated May 2023
There are a number of positive trends related to short-term vacation rental property in Bardstown. Some of the most popular rentals include homes that offer an easy commute to Louisville, KY and Bardstown, KY. The location for these homes can be close to major highways such as I-65 and I-64, and there are many hotels in the area that are within walking distance of your home.
When partnering with RedAwning for your property management needs, we can make sure your Bardstown rental is set up correctly and ready to generate the most amount of revenue possible per stay.
There are many positive trends going on in the rental market when it comes to short-term rentals. Many people are choosing to rent out their homes, especially during the summer months, when they can make some extra money. This helps them pay for their vacation or stay anywhere else they want without having to worry about finding a place to stay. Another trend is that people are renting out their homes for longer periods of time, which allows them more flexibility with when they can go on vacation. This also gives them more time to enjoy the experience and take advantage of all the local attractions have to offer. There are also a lot of advantages to short-term rentals from the perspective of property owners, as well. While you might have a little less control over your property if you’re renting it out for longer periods of time, you’ll usually get more money because you’re renting it out for shorter periods of time. Also, short-term rental properties tend to be in better condition than longer-term rentals because they’re not used so much. Finally, short-term rentals can help attract new customers and promote your business by putting your property in front of more people in a more visible way.
It’s no secret that short-term rental properties, such as vacation homes and bed and breakfasts, are a booming business in the U.S. and Bardstown, Kentucky is no exception. In fact, short-term vacation rentals are especially popular among tourists who want to stay in an affordable Bardstown home close to major attractions like Bourbon Street, the Kentucky Derby and Harrodsburg. With more than $367 million in revenue reported by short-term vacation rental hosts in 2017 alone, it’s clear that this growing trend has a lot of potential. For starters, short-term rental properties can be a good source of income for homeowners eager to earn some extra cash by renting out their Bardstown home as a short-term vacation rental property.
RedAwning takes the guess-work out of Bardstown property management, and we work with you to ensure your Bardstown 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 Bardstown. 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 Kentucky, check out our other Kentucky Vacation Rental Management reports in Bowling Green, Covington, Lexington, Louisville, Newport, Owensboro, Paducah, Shelbyville, Williamstown, Bellevue, Finley, Wilsonville, and Glasgow, Kentucky or view all of our vacation rental market reports