St. Louis Missouri Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in St. Louis, Updated February 2023
While it is illegal to rent out your St. Louis home as a short-term rental without any notice, it is not uncommon for homeowners to rent their home out during certain events such as a wedding or a family reunion. These events create a strong demand for short-term rental properties in St. Louis and the surrounding area, which can result in significant profit. With that being said, there are a few things you should do when you decide to list your St. Louis home on Airbnb or VRBO: 1 > Make sure your property is clean and well-maintained before listing it online. This will help ensure that prospective renters have a positive experience while staying at your St. Louis home, which will ultimately lead to more bookings. 2 > Give clear instructions on how to access the property, such as the code to your gate. 3 > Don’t charge guests more than the original price you marked on the ad. 4 > Ask guests for references before renting out your St. Louis home. 5 > Keep accurate records of all bookings and payments made during the stay at your St. Louis home 6 > Keep an eye on how much time guests spend in your St. Louis house throughout the day - this will help you gauge if they are spending too much time in the bathroom or kitchen 7 > Look into whether or not
When partnering with RedAwning for your property management needs, we can make sure your St. Louis rental is set up correctly and ready to generate the most amount of revenue possible per stay.
This spacious three-bedroom house will make you feel like you never left home with your own private entrance. With a cozy living room and large kitchen, you'll enjoy all the space of your own apartment with top-of-the-line appliances - STAINLESS STEEL! The laundry is accessible by a stairwell in the basement and there's also a huge veranda that will give you plenty of space to sit or relax on your day off.
Immerse yourself in one of St Louis' most vibrant, walkable, and... Read More
This St. Louis vacation home is presented on every travel website, where travelers are looking to book accommodations (Airbnb, VRBO, Expedia, Google Travel, and hundreds more). And, with RedAwning's dynamic pricing, daily rates are adjusted based on seasonality and demand in St. Louis.
As the population continues to grow in St. Louis, there is a growing demand for alternative housing options. Short-term vacation rentals are an affordable and little-known way to monetize your property’s value. However, it is important to understand the location, the regulations and the potential pitfalls before taking the plunge. As with any type of rental property, you must ensure that your property meets all local regulations. You should also ensure that your property is in good condition before taking a short-term rental booking. It’s important to note that short-term vacation rentals are not allowed in most historic districts and in most areas with a high concentration of renters (such as apartments). Before getting started, it pays to do some research. There are plenty of resources available to help you get started, including websites like Airbnb, which have information on local laws and regulations as well as listings of already established short-term vacation rental operators.
Positive trends in the St. Louis, Missouri short-term vacation rental housing market include: St. Louis is seeing a rise in visitor traffic and growth in tourism due to its accessibility to the city, region, and country. This puts a strain on hotel rooms, causing potential short-term vacation renters to look for alternative accommodations. Other industries benefitting from the increase in short-term guest accommodations are health care and hospitality. Rising interest in short-term rentals among millennials can lead to increased demand for affordable options such as Airbnb-style homes that can be rented out for a few days or weeks at a time.
RedAwning takes the guess-work out of St. Louis property management, and we work with you to ensure your St. Louis 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 Saint Louis. 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 Missouri, check out our other Missouri Vacation Rental Management reports in Branson, Cape Girardeau, Carthage, Hannibal, Independence, Kansas City, Springfield, St. Charles, St. Robert, Waynesville, Branson West, Hollister, Blue Eye, Rockaway Beach, Kirbyville, Indian Point, Village Of Indian Point, Reeds Spring, and Sunrise Beach, Missouri or view all of our vacation rental market reports