Lexington Kentucky Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Lexington, Updated February 2023
When it comes to vacation rentals, there are a few trends that you can keep in mind. First and foremost, you should know what kind of property you’re looking for. Are you looking for a house? An apartment? A condo? These are some of the questions that you should ask yourself before making a decision. When it comes to renting out your Lexington home as a short-term rental, there are some things that you should also know. First, make sure that your property is in good condition. Is it safe? Clean? This is especially important if kids are going to be staying at the property during their vacation. Also, make sure that your property is well-lit and has plenty of parking space. All of these factors will contribute to the success of your short-term rental in Lexington, Kentucky.
When partnering with RedAwning for your property management needs, we can make sure your Lexington rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Andrea Abode is a home away from home on a quiet street in an extremely nice neighborhood in Lexington, KY. With over 2,500 SQ ft of house on a half acre, this house is a spacious, quiet home. The Andrea Abode features a large living room; fully stocked eat-in kitchen with premium cooking utensils; comfy dining room; large game room with pool table, games, and large TV; 5 bedrooms, comfortably sleeping a total of 14, and each containing their own tv; 2 full bathrooms; and a washer/dryer. If... Read More
This Lexington 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 Lexington.
Whether you want to earn extra income or simply enjoy a relaxing vacation in the Bluegrass State, there are plenty of benefits to renting out your Lexington home on Airbnb. Some of the top benefits of renting out your Lexington home on Airbnb include: To help you decide if short-term rental is right for you, here are some positive trends you may notice when you rent out your Lexington home on Airbnb:
When it comes to renting out your home in Lexington, there are a few things you need to keep in mind. For starters, you’ll want to think about how much time you plan on spending away from the house. If you’re expecting people to stay for more than a week, you’ll need to make sure that everything is in order (i.e. your dog is fed, the house has been cleaned and organized, etc.). Another thing to keep in mind is the size of your home. While most people don’t have issues with having too many guests over, there is a limit to how many people can fit into a space. When renting out your Lexington home as a short-term rental, you should try to avoid having more than 2 or 3 guests at once. This will help ensure that everyone will have enough space so they aren’t bumping into each other or tripping over things. To help ensure that your home is being used responsibly and that it isn’t being used for illegal activities (even if it might seem like it), be sure to ask your guests if they plan on smoking inside and/or drinking alcohol while they are at your house.
RedAwning takes the guess-work out of Lexington property management, and we work with you to ensure your Lexington 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 Lexington. 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 Bardstown, Bowling Green, Covington, Louisville, Newport, Owensboro, Paducah, Shelbyville, Williamstown, Bellevue, Finley, Wilsonville, and Glasgow, Kentucky or view all of our vacation rental market reports