Copper Harbor Michigan Vacation Rental Managers
Income Estimates And Tips To Run a Successful Short Term Rental in Copper Harbor, Updated December 2023
Short-term rentals services like Airbnb, VRBO and HomeAway have changed the way people travel and vacation. While there are concerns about safety and privacy, these services provide a flexible option that allows people to travel at their own pace. And Copper Harbor is a popular destination for those looking for a great deal on a short-term rental. Overall, Copper Harbor has an inventory of 869 vacation rentals, which represents a vacancy rate of 3.3 percent. And those who choose to rent out their Copper Harbor home through short-term rental platforms are finding success. The median price per night on Airbnb is $129, and the median price on HomeAway is $220. Either way, you’re getting a great deal on your Copper Harbor home!
When partnering with RedAwning for your property management needs, we can make sure your Copper Harbor rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Positive vacation rental trends in Copper Harbor, Michigan are: Copper Harbor’s location on Lake Superior and the St. Marys River makes it a popular destination for boaters, kayakers, and kayak enthusiasts. Copper Harbor is also a popular destination for fishing and bird-watching. The Copper Harbor area offers a variety of recreational opportunities, including biking, hiking, bird-watching, boating, fishing, hiking, and golfing. The Copper Harbor area offers a variety of recreational opportunities. The thriving downtown area features art galleries and artisan shops. Since Copper Harbor is located at the mouth of the St. Marys River, it’s often used as a backdrop for movies and television shows. It’s also home to one of the largest shipbuilding industries in North America. The town is also known for its annual “Hogfest” celebration of the annual fall harvest.
When looking to rent out your Copper Harbor home or cabin, it is important to consider the positives and negatives of doing so. While there are many benefits to renting out your Copper Harbor property when you want to make some extra money, there are also some potential pitfalls to be aware of. One of the most important factors to consider when deciding whether or not to rent out your Copper Harbor home is the local economy. Copper Harbor is a small town in Michigan’s Upper Peninsula, so it can sometimes be hard for residents to find work, especially if the local economy is struggling. If you decide to rent out your Copper Harbor home, you should be prepared for a slower rental season and higher vacancy rates. Another important factor to consider when renting out your Copper Harbor property is taxes. Many short-term rental platforms collect a fee from guests who stay at your Copper Harbor home, so you will have to pay taxes on those earnings yourself. Finally, one of the biggest downsides of renting out your Copper Harbor property as a short-term rental is loss of privacy. If you rent out your Copper Harbor home for multiple days during the week, then people may notice when they see cars or people coming and going at all hours of the day and night.
RedAwning takes the guess-work out of Copper Harbor property management, and we work with you to ensure your Copper Harbor 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 Copper 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.
If you are a speculative home buyer or have another home in Michigan, check out our other Michigan Vacation Rental Management reports in Ann Arbor, 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, Onaway, Thompsonville, West Bloomfield Township, Birmingham, East Tawas, Farwell, Southfield, Pontiac, Fennville, Saginaw, Kewadin, Ludington, Taylor, Harbor Point, Honor, Boyne City, Brownstown Charter Township, Fenton, Harrison, Hamtramck, Brooklyn, Caledonia, Erie, Farmington, Dowagiac, Alanson, and Elmira, Michigan or view all of our vacation rental market reports