Ann Arbor Michigan Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Ann Arbor, Updated April 2023
Positive vacation rental trends in Ann Arbor, Michigan when you considering renting out your Ann Arbor home as a short-term rental include: There are many positive factors to consider when renting out your Ann Arbor home as a short-term rental. When you rent out your Ann Arbor home as a short-term rental, it becomes easier to schedule your week off work to coincide with the days the property is available for rent. You can also use this time to take care of any maintenance and repairs that need to be done before the property is rented. It can also be an opportunity to upgrade your property so it is more appealing to potential renters. Finally, renting out your Ann Arbor home as a short-term rental can be lucrative, especially if you are able to find repeat guests who return time after time.
When partnering with RedAwning for your property management needs, we can make sure your Ann Arbor rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Short-term rental (STR) is an increasingly popular way to make extra money by renting out your home. Whether you’re looking for a quick cash infusion or a long-term investment, renting out your Ann Arbor, Michigan home can be a smart way to earn some extra income. But before you list your home with Airbnb or any other platform, there are a few things you should know. Here are some positive vacation rental trends in Ann Arbor: There are several benefits to renting out your Ann Arbor, Michigan home as a vacation rental. First of all, it can be a great source of extra income. And second, it’s an opportunity for you to get exposure for your hometown and help attract more visitors to the city.
A study by the National Vacation Rental Marketing Association (NVRA) found that short-term rental occupancy rates rose 31% from 2015 to 2016, and that more than 49% of vacation rental properties saw an increase in bookings during the same period. There are many reasons for this new trend, ranging from increased demand from travelers looking for affordable accommodations to the increasing popularity of Airbnb and VRBO. In addition, short-term rentals offer homeowners a way to generate additional income, whether it is for a few nights a year or for an entire month. If you are interested in renting out your Ann Arbor home as a short-term rental, there are several things you should keep in mind when doing so. First, it is important to find out if there are any regulations in place regarding short-term rentals in your area. Second, make sure that you have everything you need available before guests arrive. Finally, be sure to clear the dates with your property manager well in advance and inform them about any special rules or requirements.
RedAwning takes the guess-work out of Ann Arbor property management, and we work with you to ensure your Ann Arbor 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 Ann Arbor. 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 Michigan, check out our other Michigan Vacation Rental Management reports in Bay City, Detroit, Frankenmuth, Grand Haven, Grand Rapids, Holland, Kalamazoo, Lansing, Sault Ste. Marie, Traverse City, Addison, Saugatuck, Frankfort, Douglas, South Haven, St. Joseph, Carp Lake, Copper Harbor, Onaway, Thompsonville, West Bloomfield Township, Birmingham, East Tawas, Farwell, Southfield, Pontiac, and Fennville, Michigan or view all of our vacation rental market reports