Rent Your Vacation Home or Condo in Southwest Harbor, Maine

With a 1.4 percent vacancy rate in Southwest Harbor, you’re likely to get more people inquiring about your property than you would if you owned it yourself. This is especially true during the summer months when vacation rentals are in high demand. More people visiting your house means that more people will be learning about your home and its amenities, which can have a positive impact on your rental rates. If you decide to rent out your home as a short-term rental, make sure that you understand the tax implications and that you only list your property on sites that meet local regulations. All in all, short-term vacation rentals can be a profitable way to earn extra income, but it’s important to keep an open mind and consider all the factors before making a decision.

When partnering with RedAwning for your property management needs, we can make sure your Southwest Harbor rental is set up correctly and ready to generate the most amount of revenue possible per stay.

Current Vacation Rental Trends in Southwest Harbor

During the month of October, Southwest Harbor is projected to generate over $366/night for a 2 bedroom vacation rental, on average! There were 292 vacation active rental properties in Southwest Harbor.  262 are renting the entire place, and 30 are shared rooms.  On average, during the month of October 2022, each vacation rental property in Southwest Harbor is booked 100% of the time, and most hosts are projected to generate $8,414 or more during the month of October! See how much you could earn with our free vacation rental income calculator.
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$366.00 Per Night*

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100% Occupied*

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$8,414.00 Per Month*

* Based on the median average of all vacation rentals in the Southwest Harbor area.
Get a free estimate for your home or condo.

Vacation Rentals in Southwest Harbor 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 Southwest Harbor, Maine

On average, people who rent out their vacation home in Southwest Harbor, Maine tend to stay an average of seven days. The vast majority of these guests rent a single-family home, with only 6% renting an apartment or condo. Taking into consideration the fact that short-term vacation rentals can help you make extra money when you’re not using your house for regular living, it’s clear that this investment property is worth exploring. While the concept of renting out your house may seem daunting at first, it doesn’t have to be. There are plenty of resources available online to help you understand the process and to find practical tips for managing a short-term rental property.

As one of the top vacation rental destinations in Southwest Harbor, Maine, there is no shortage of options for you to choose from when looking for a place to rent. From vacation homes to apartments, there are plenty of options for you to choose from when looking for your next short-term rental property. One of the biggest trends that has emerged in Southwest Harbor, Maine over the last few years is the increased demand for Airbnb units. With an ever growing number of people choosing to rent out their homes on Airbnb instead of simply letting them sit vacant during the off-season, this trend shows no sign of slowing down. This means that there is sure to be plenty of competition among short-term rental property owners in Southwest Harbor, Maine when it comes time to choose a property to rent out. However, this competition also means that you have a much better chance of finding an available property that is in high demand and that will likely bring in a lot more money than if you simply let your home sit vacant all year round.

RedAwning takes the guess-work out of Southwest Harbor property management, and we work with you to ensure your Southwest Harbor short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.

See how much your Southwest Harbor vacation rental could earn:

Revenue Projections for Vacation Rentals in Southwest Harbor, Maine during November, 2022

Based on a 2 bedroom, which is the most common Southwest Harbor 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 November. Higher bars below can command higher prices, if your Southwest Harbor vacation rental is available during these days.
 
$26087%1st
 
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Average Daily Price & Percent Occupied Next Month In Southwest Harbor

Note: These averages are based on a 2 bedroom home in Southwest Harbor. 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 Southwest Harbor, Maine?

If you are a speculative home buyer or have another home in Maine, check out our other Maine Vacation Rental Management reports in Bar HarborPortlandBoothbayKennebunkportSullivan,  and Bethel, Maine or view all of our vacation rental market reports

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