Lansing Michigan Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Lansing, Updated May 2023
When you’re planning to take your family on vacation this summer, make sure you know how much your property is worth when it comes to short-term rentals. Currently, there are no city regulations of short-term rentals in Lansing, but there are some trends that you should be aware of. There has been an increase in demand for short-term rentals in Michigan cities like Lansing and Grand Rapids. In addition to increased demand, there has also been an increase in homeowners renting out their properties as short-term rentals. This means that it’s important to know what your property is worth when you’re considering renting out your home as a short-term rental.
When partnering with RedAwning for your property management needs, we can make sure your Lansing rental is set up correctly and ready to generate the most amount of revenue possible per stay.
One of the first things to consider when trying to decide if you should rent out your Lansing home as a short-term rental is the current state of the housing market. While there are a number of factors that go into making the housing market in any given area, one of the most important things to keep an eye on is how much inventory there is in that particular area. Because access to short-term rentals is becoming more and more common, it can be harder than ever before to find a place that’s available for rent. If you’re looking to lease out your Lansing home as a short-term rental, you may have to put in extra time and effort just to find a place that’s available.
When you're looking to get out of the house, there are a few things to consider before you decide to rent your Lansing home out. First and foremost, you should make sure that the property is in good condition. It should be clean, well-lit, and in a safe neighborhood. Second, it's important to choose a place that's accessible by public transportation. If you have trouble walking or getting around on your own, you may want to look into renting an accessible home instead. Finally, if you have pets, it's best to keep them at home. While many people welcome the opportunity to host travelers with dogs, others aren't fans of having animals in their homes for short periods of time. If you're not sure about the location or accessibility of your rental property yet, it's best to check with locals first before deciding whether or not it's a good fit for your needs.
RedAwning takes the guess-work out of Lansing property management, and we work with you to ensure your Lansing 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 East Lansing. 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, 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