Lake George Minnesota Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Lake George, Updated April 2024
Rent Your Vacation Home or Condo in Lake George, Minnesota
When you're considering renting out your Lake George home as a short-term rental, there are a few positive trends you should keep in mind. For starters, there's been a surge in interest in vacation rentals over the past few years. This is likely due to the fact that short-term rentals offer a unique opportunity for homeowners to tap into the booming tourism industry. Additionally, there's been an increase in tourists interested in exploring Lake George - both on foot and by boat. This means that there's plenty of opportunity for homeowners to earn an income from their homes while they're away. Another trend that's worth noting is the rise in Airbnb listings. With Airbnb, homeowners can easily connect with potential guests from all over the world. This means that you can be sure to find a wide variety of guests - from international tourists to people who are just looking for a relaxing weekend getaway. And if you're worried about security concerns, don't worry - Airbnb has strict safety guidelines that ensure your property is properly protected. So if you're thinking of renting out your home as a short-term rental, these are some of the trends you should keep in mind.
When partnering with RedAwning for your property management needs, we can make sure your Lake George rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Current Vacation Rental Trends in Lake George
During the month of November, Lake George is projected to generate over $78/night for a 2 bedroom vacation rental, on average! There were 10 vacation active rental properties in Lake George. 10 are renting the entire place, and 0 are shared rooms. On average, during the month of November 2023, each vacation rental property in Lake George is booked 57% of the time, and most hosts are projected to generate $1,053 or more during the month of November! See how much you could earn with our free vacation rental income calculator.
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$78.00 Per Night*
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57% Occupied*
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$1,053.00 Per Month*
* Based on the median average of all vacation rentals in the Lake George area.
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Get a free estimate for your home or condo.
Vacation Rentals in Lake George 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 Lake George, Minnesota
When you're considering whether or not to rent out your home as a short-term rental, it's important to keep in mind the trends in the market. And fortunately, there are some positive trends that suggest that this is a growing industry. For example, people are increasingly choosing to stay in rental properties rather than hotels. This is likely due to the fact that short-term rentals offer a more personal experience. Plus, renting out your home allows you to make some extra money while you're away. Another trend that's worth noting is the popularity of vacation homes. These properties are perfect for people who want to enjoy the sights and sounds of Lake George without having to deal with the stresses of everyday life. And, of course, there's always the added benefit of being able to relax and unwind during your vacation. So if you're thinking of renting out your home as a short-term rental, these trends are definitely worth considering.
When you're considering renting out your Lake George home as a short-term rental, there are a few positive trends you should keep in mind. For starters, there's been an increase in tourists and visitors to the area. This is great news for landlords, as it means more people are spending money in the local economy. Additionally, short-term rental services like Airbnb have been very popular in Lake George. This is because they offer visitors a wide variety of choices when it comes to where they can stay, and it's easy to find listings that meet your specific needs. Finally, there's been an increase in home owners taking advantage of short-term rental services to make some extra money. This is great news for landlords, as it means there's a high demand for rental homes in the area. So if you're thinking of renting out your Lake George home as a short-term rental, be sure to keep these trends in mind.
RedAwning takes the guess-work out of Lake George property management, and we work with you to ensure your Lake George short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
See how much your Lake George vacation rental could earn:
Revenue Projections for Vacation Rentals in Lake George, Minnesota during December, 2023
Based on a 2 bedroom, which is the most common Lake George 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 December. Higher bars below can command higher prices, if your Lake George vacation rental is available during these days.
$14270%1st
$14170%2nd
$11870%3rd
$11870%4th
$11870%5th
$9450%6th
$9450%7th
$10750%8th
$10450%9th
$9250%10th
$9250%11th
$9250%12th
$9450%13th
$9450%14th
$10650%15th
$11050%16th
$9250%17th
$9250%18th
$9250%19th
$9450%20th
$9450%21st
$11250%22nd
$12250%23rd
$11150%24th
$10950%25th
$10850%26th
$11750%27th
$13050%28th
$16050%29th
$16550%30th
$13750%31st
Average Daily Price & Percent Occupied Next Month In Lake George
Note: These averages are based on a 2 bedroom home in Lake George. 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 Lake George, Minnesota?
If you are a speculative home buyer or have another home in Minnesota, check out our other Minnesota Vacation Rental Management reports in Bloomington, Duluth, Minneapolis, Rochester, Rosemount, Minnetrista, Saint Paul, Whipholt, Andover, Baxter, Lake Shore, Shakopee, and Lake City, Minnesota or view all of our vacation rental market reports
