Kennebunkport Maine Vacation Rental Managers
Income Estimates And Tips To Run a Successful Short Term Rental in Kennebunkport, Updated May 2023
One of the most prevalent trends in vacation rental homes is people renting out primary residences during the summer months. This is especially true for Maine, which is known for its temperate weather, friendly locals and beautiful scenery. If you are considering a short-term rental of your Kennebunkport home, this is one trend to keep in mind. You can also consider renting out your home during the off-season, like winter and fall when many Kennebunkport residents take extended vacations. However, you will need to be prepared for less activity during these months. Additionally, there are some other positive trends that you can look to take advantage of when you consider renting out your Kennebunkport home as a short-term rental: Renters are looking for more affordable options when it comes to vacation rentals. This means that if you’re looking to charge less than $1,000 per night, you can find potential renters who will be interested in your property.
When partnering with RedAwning for your property management needs, we can make sure your Kennebunkport rental is set up correctly and ready to generate the most amount of revenue possible per stay.
While vacation rentals provide a convenient way to enjoy time away from home, they are not without their challenges. Before you decide to rent out your Kennebunkport home, consider these positive vacation rental trends that could make your experience easier and more enjoyable: To help reduce the risk of conflicts, be sure to clearly communicate with neighbors about the rules and limitations of short-term rentals. Ensure your property is well maintained (i.e. no broken windows or doors). Keep emergency numbers up to date – this could include first aid/rescue information and fire departments.
Positive vacation rental trends in Kennebunkport, Maine are both the rising number of visitors and the growing number of vacation rentals. While Kennebunkport has always had a concentration of vacation rentals, it has recently seen an increase in visitor numbers. Additionally, the rise of online vacation rentals has made it easier for people to rent out their properties. These two factors have combined to create a situation where more people are looking for places to stay in Kennebunkport. That is good news for those who want to make money from renting out their homes. However, it also means that there is more competition for those who want to rent out their homes. If you want to be successful as a short-term rental host, you will need to stand out from the crowd.
RedAwning takes the guess-work out of Kennebunkport property management, and we work with you to ensure your Kennebunkport 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 3 bedroom home in Kennebunkport. 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 Maine, check out our other Maine Vacation Rental Management reports in Bar Harbor, Portland, Boothbay, Southwest Harbor, Sullivan, and Bethel, Maine or view all of our vacation rental market reports