Boston Massachusetts Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Boston, Updated March 2023
Rent Your Vacation Home or Condo in Boston, Massachusetts
Positive vacation rental trends in Boston, Massachusetts when you considering renting out your Boston home as a short-term rental are: However, there are negative vacation rental trends in Boston, Massachusetts when you consider renting out your Boston home as a short-term rental too. These negative vacation rental trends in Boston, Massachusetts include: Uncertainty around the city’s Airbnb rules and regulations Risk of negative publicity due to complaints from neighbors or the media The possibility of losing long-term investment value if it is not rented out on an ongoing basis Uncertainty around finding a renter who will value your property appropriately and pay you a fair price for it Unfortunately, there are also negative vacation rental trends in Boston, Massachusetts when you consider renting out your Boston home as a short-term rental that go beyond these. These negative vacation rental trends in Boston, Massachusetts include: Negative impacts on surrounding property values due to increased traffic and noise levels for neighboring homeowners and property managers Increased risk of liability for any damages caused by guests Higher homeowner costs for utility bills In addition to these general negatives, there are more specific negatives to consider too when renting out your home as a short-term rental in Boston:
When partnering with RedAwning for your property management needs, we can make sure your Boston rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Current Vacation Rental Trends in Boston
During the month of February, Boston and areas including Back Bay, Downtown, Fenway/Kenmore, South End, South Boston, East Boston, Beacon Hill, Chinatown, North End, Theater District, West End, Downtown Crossing, Financial District, Government Center, and Leather District are projected to generate over $221/night for a 1 bedroom vacation rental, on average! There were 1,626 vacation active rental properties in Boston. 1,388 are renting the entire place, and 238 are shared rooms. On average, during the month of February 2023, each vacation rental property in Boston is booked 60% of the time, and most hosts are projected to generate $3,122 or more during the month of February! See how much you could earn with our free vacation rental income calculator.
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$221.00 Per Night*
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60% Occupied*
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$3,122.00 Per Month*
* Based on the median average of all vacation rentals in the Boston area.
Get a free estimate for your home or condo.
Get a free estimate for your home or condo.
Featured Boston Vacation Rental Generating Record Profits With RedAwning
Beautiful, Modern 3BR with a home office & patio in JP close to major hospitals Starting at $110 to $445 per night!
Beautiful, modern, furnished 3BR in Jamaica Plain with 1.5 bathrooms & a large patio. The apartment also has a really nice office for working or studying remotely. It's in a converted bedroom with a huge desk, a very comfortable gamer chair, an external monitor that you can hook up your laptop to, and a massive whiteboard. High-speed internet with many features of a smart home like a security system, Nest thermostat, smart locks and other devices. There are also a crock-pot and... Read More
This Boston 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 Boston.
Successful short-term vacation rentals in Boston, Massachusetts
Positive vacation rental trends in Boston, Massachusetts when you considering renting out your Boston home as a short-term rental Boston is one of the most popular tourist destinations in the world and there are hundreds of accommodation options to choose from. Short-term rentals include vacation homes, apartments and houses that are available to rent on a short-term basis. Vacation rentals have become more popular in recent years due to their convenience, affordability and flexibility. In addition, many people prefer renting to a local owner rather than a hotel chain or an impersonal hotel. If you are planning to use your Boston home for short-term rental purposes, make sure it is well maintained and in good condition to ensure that it is suitable for short-term rental tenants. You should also check with the local authorities about any additional requirements such as business licenses and licenses required for short-term rentals on the premises.
Positive vacation rental trends in Boston, Massachusetts when you considering renting out your Boston home as a short-term rental Short-term rentals have become a popular way to earn extra income during high season. This is especially true for residents of Boston, who are currently experiencing an apartment shortage. But there are several things to keep in mind before renting out your home. First, check with your municipality to find out if short-term rentals are allowed. Second, make sure that you have all required licenses and permits in place. Finally, consider the additional costs associated with running a short-term rental property, such as maintenance and real estate taxes. If you decide to rent out your home, be sure to follow these tips to avoid any problems.
RedAwning takes the guess-work out of Boston property management, and we work with you to ensure your Boston short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
See how much your Boston vacation rental could earn:
Revenue Projections for Vacation Rentals in Boston, Massachusetts during March, 2023
Based on a 1 bedroom, which is the most common Boston 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 March. Higher bars below can command higher prices, if your Boston vacation rental is available during these days.
$20169%1st
$20669%2nd
$22370%3rd
$22670%4th
$20867%5th
$21166%6th
$21166%7th
$21467%8th
$21667%9th
$22967%10th
$23470%11th
$24168%12th
$23666%13th
$22165%14th
$22565%15th
$23766%16th
$25067%17th
$24866%18th
$22563%19th
$22461%20th
$22561%21st
$23062%22nd
$24763%23rd
$25665%24th
$25464%25th
$22962%26th
$22461%27th
$22561%28th
$22861%29th
$23461%30th
$24161%31st
Average Daily Price & Percent Occupied Next Month In Boston
Note: These averages are based on a 1 bedroom home in Boston. 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 Boston, Massachusetts?
If you are a speculative home buyer or have another home in Massachusetts, check out our other Massachusetts Vacation Rental Management reports in Barnstable, Lexington, Plymouth, and Shrewsbury, Massachusetts or view all of our vacation rental market reports
