Covington Kentucky Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Covington, Updated April 2024
Rent Your Vacation Home or Condo in Covington, Kentucky
Covington, Kentucky is an excellent destination to consider when you want to spend some time away from home. Whether you need a place to relax, or you want to take part in some outdoor activities, this city has plenty of things to offer. One of the biggest draws is its proximity to several popular attractions and natural areas. The area is also home to several museums and botanical gardens, so there are plenty of places for visitors to explore. If you’re looking for a place with lots of activities, Covington is a great choice. Along with that, Covington is also home to many beautiful historic neighborhoods, as well as some charming parks and plazas. You’ll be sure to find something that suits your taste in this city, no matter what your interests are.
When partnering with RedAwning for your property management needs, we can make sure your Covington rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Current Vacation Rental Trends in Covington
During the month of November, Covington is projected to generate over $148/night for a 2 bedroom vacation rental, on average! There were 260 vacation active rental properties in Covington. 249 are renting the entire place, and 11 are shared rooms. On average, during the month of November 2023, each vacation rental property in Covington is booked 63% of the time, and most hosts are projected to generate $2,122 or more during the month of November! See how much you could earn with our free vacation rental income calculator.
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$148.00 Per Night*
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62% Occupied*
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$2,122.00 Per Month*
* Based on the median average of all vacation rentals in the Covington area.
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Featured Covington Vacation Rental Generating Record Profits With RedAwning
The Retreat Covington, KY Mainstrasse- Cincinnati Starting at $64 to $784 per night!
Check out this gorgeous, modern, brand-new interior design sweet little retreat close to the Historical Riverside District in Covington within walking distance of downtown Cincinnati across the river.
This home away from home has everything you'll need, including a washer and dryer for extended stays. Comfortably sleeps 3 people with one queen bed, one super comfy sofa bed, and high-end bedding.
Stroll locally to some of the best bars and restaurants in the... Read More
This Covington 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 Covington.
Successful short-term vacation rentals in Covington, Kentucky
It's never been easier to rent out your Covington vacation home. More travelers are looking for short-term rental options and there are more Airbnb hosts in Covington than ever before. If you're looking to make some extra money renting out your Covington home, you'll find there are plenty of benefits to doing so. You can save money on your mortgage payment, reduce your utility bill and enjoy the freedom of having full control over when and how much you rent out your Covington home. There are a few things to keep in mind when renting out your Covington home as a short-term rental, however. First off, it's important to take good care of your property while it's being rented out. Make sure to clean it regularly, fix any broken items and replace worn furniture or appliances. Also, consider the impact that renting out your Covington home has on your neighbors' quality of life. Make sure to follow local laws and regulations when renting out your Covington home as a short-term rental.
Growing demand for short-term rentals has led to a significant increase in opportunities for homeowners to rent out rooms or their entire homes. With the right strategy, renting out a room or your entire home can be a lucrative investment. However, there are several things you should keep in mind before you decide to rent out your Covington home: Short-term rental regulation varies by state and city, so it’s important to do your research before deciding how to use your property. In addition, make sure you’re comfortable with the short-term rental regulations in your area before listing your Covington home on sites like Airbnb. While short-term rentals can help homeowners make extra money, it’s important to remember that they can also lead to increased traffic and noise. Make sure you have a plan in place to address any potential problems before putting your Covington home on the market as an Airbnb rental.
RedAwning takes the guess-work out of Covington property management, and we work with you to ensure your Covington short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
See how much your Covington vacation rental could earn:
Revenue Projections for Vacation Rentals in Covington, Kentucky during December, 2023
Based on a 2 bedroom, which is the most common Covington 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 Covington vacation rental is available during these days.
$17974%1st
$17676%2nd
$14667%3rd
$14567%4th
$14367%5th
$14368%6th
$14568%7th
$19175%8th
$20481%9th
$15869%10th
$14162%11th
$14063%12th
$14062%13th
$14362%14th
$17268%15th
$17968%16th
$15765%17th
$14262%18th
$14161%19th
$14061%20th
$14562%21st
$18963%22nd
$19666%23rd
$18866%24th
$17666%25th
$17167%26th
$16967%27th
$17465%28th
$20467%29th
$20367%30th
$18665%31st
Average Daily Price & Percent Occupied Next Month In Covington
Note: These averages are based on a 2 bedroom home in Covington. 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 Covington, Kentucky?
If you are a speculative home buyer or have another home in Kentucky, check out our other Kentucky Vacation Rental Management reports in Bardstown, Bowling Green, Lexington, Louisville, Newport, Owensboro, Paducah, Shelbyville, Williamstown, Bellevue, Finley, Wilsonville, Glasgow, Richmond, Pomeroyton, Lakeview Heights, Gillmore, Calvary, Simpsonville, and Maud, Kentucky or view all of our vacation rental market reports
