Shakopee Minnesota Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Shakopee, Updated October 2024
Rent Your Vacation Home or Condo in Shakopee, Minnesota
When you're thinking about taking your Shakopee home out on the market as a short-term rental, it's important to keep in mind some positive vacation rental trends in the area. For starters, there's been an increase in visitors looking for homes that are close to the Twin Cities and Minneapolis. This is because these cities offer a wealth of activities and attractions that are perfect for a weekend getaway or longer vacation. Additionally, Shakopee has a lot to offer tourists - from its natural beauty to its history and culture. So whether you're looking for a relaxing weekend getaway or something more exciting, Shakopee is a great place to consider renting out your home.
When partnering with RedAwning for your property management needs, we can make sure your Shakopee rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Current Vacation Rental Trends in Shakopee
During the month of November, Shakopee is projected to generate over $280/night for a 3 bedroom vacation rental, on average! There were 28 vacation active rental properties in Shakopee. 20 are renting the entire place, and 8 are shared rooms. On average, during the month of November 2023, each vacation rental property in Shakopee is booked 57% of the time, and most hosts are projected to generate $2,790 or more during the month of November! See how much you could earn with our free vacation rental income calculator.
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$280.00 Per Night*
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56% Occupied*
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$2,790.00 Per Month*
* Based on the median average of all vacation rentals in the Shakopee area.
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Get a free estimate for your home or condo.
Vacation Rentals in Shakopee 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 Shakopee, Minnesota
When you're considering short-term rental options for your Shakopee home, there are a few things to keep in mind. One of the most important things to consider is the average length of stay for vacation rentals. As you probably know, there are a number of different types of vacation rentals - from weeklong rentals to monthlong rentals. It's important to choose the right type of rental for your needs. If you're only looking for a short-term rental, a week or two might be ideal. If you're looking to rent out your home for a longer period of time, it might be best to opt for a month-long rental. Another important factor to consider is the price range for short-term rentals. Obviously, you'll want to find a rental that's within your budget. But you also want to make sure that the price is right for the quality of the property. You don't want to pay too much for a rental that won't meet your needs. One final thing to keep in mind when considering short-term rental options is the location of the property. You want to make sure that the property is close to major attractions and businesses. This will make it easier for guests to get around and find what they're looking for.
There are many positive vacation rental trends in Shakopee, Minnesota when you consider renting out your Shakopee home as a short-term rental. For starters, there is an increasing demand for vacation rentals that are close to city attractions. This is because many people want to be able to explore the city while they're on vacation, and they don't want to have to spend hours traveling to get to the attractions. Additionally, renters are looking for properties that are well-maintained and modernized. They want properties that have all the amenities they would need during their stay, and they don't want to have to worry about anything. Finally, renters are looking for properties that are located in scenic areas. They want properties that offer amazing views of the natural landscape, and they want to be able to enjoy all the beauty that the area has to offer.
RedAwning takes the guess-work out of Shakopee property management, and we work with you to ensure your Shakopee short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
See how much your Shakopee vacation rental could earn:
Revenue Projections for Vacation Rentals in Shakopee, Minnesota during September, 2023
Based on a 4 bedroom, which is the most common Shakopee 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 September. Higher bars below can command higher prices, if your Shakopee vacation rental is available during these days.
$43791%1st
$43791%2nd
$43791%3rd
$32873%4th
$31768%5th
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$39077%8th
$42582%9th
$33968%10th
$32364%11th
$30564%12th
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$30264%14th
$41391%15th
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$35986%17th
$35873%18th
$30264%19th
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$31768%21st
$42582%22nd
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$32164%24th
$32164%25th
$30264%26th
$30968%27th
$32873%28th
$38882%29th
$38882%30th
Average Daily Price & Percent Occupied Next Month In Shakopee
Note: These averages are based on a 4 bedroom home in Shakopee. 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 Shakopee, 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, Lake George, Saint Paul, Whipholt, Andover, Baxter, Lake Shore, and Lake City, Minnesota or view all of our vacation rental market reports
