Lincoln Nebraska Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Lincoln, Updated February 2023
Positive vacation rental trends in Lincoln, Nebraska when you considering renting out your Lincoln home as a short-term rental include: There are currently over 12,000 vacation rental properties in Lincoln, with some owners offering their homes for rent year-round. With the growing popularity of Airbnb and other short-term rental platforms, it’s becoming more common to find a property that’s available to rent for an extended period of time. This offers homeowners a chance to earn extra income by renting out their home when they’re away for a long time. It also helps to alleviate housing shortages during periods of high demand, such as during the summer months. As the demand for vacation rentals increases, so does the number of hosts who want to ensure their property is well maintained. By being proactive about maintenance and providing guests with quality service, you can make sure your property receives positive reviews online.
When partnering with RedAwning for your property management needs, we can make sure your Lincoln rental is set up correctly and ready to generate the most amount of revenue possible per stay.
There are many benefits to renting out your Lincoln, Nebraska home as a short-term rental. Some of the most obvious benefits are the extra income you receive from renting out your Lincoln home. This can be especially beneficial if you’re looking for ways to pay down debt or fund an emergency fund. On top of that, short-term rentals also give you more flexibility when it comes to vacation planning. For example, if you want to take a long weekend trip but don’t have enough time to book a hotel stay, short-term rental properties can be a great alternative. One of the biggest benefits of short-term rentals is that they can help boost the local economy. When homeowners rent out their homes, this creates demand for local services like housecleaning and gardening. And because these services are in high demand during peak season, they typically cost less during those times. In addition to all of these benefits, there are no real downsides to renting out your Lincoln home as a short-term rental. Sure, you may have to deal with some noise and strangers coming into your home for short periods of time. But these inconveniences can be easily avoided by setting clear rules about who can access your property and how long they can stay.
Positive vacation rental trends in Lincoln, Nebraska when you considering renting out your Lincoln home as a short-term rental include: In the past, short-term rentals like Airbnb have been criticized for taking housing units off the market. But according to a recent survey by Airbnb, there has been a 10% increase in Lincoln homes being listed for vacation rentals in 2017. The number of guests staying at Airbnb properties in Lincoln has grown by more than 30% from 2015 to 2016. There are also many benefits to renting out your Lincoln home as a short-term rental. By offering stays that are shorter than the typical length of a traditional rental, you can provide travelers with more flexibility and control over their travel plans. Some guests may prefer renting an entire house in order to be able to cook meals and spend time relaxing with family and friends. Others may want to stay in local neighborhoods so they can enjoy walking around and exploring their destination.
RedAwning takes the guess-work out of Lincoln property management, and we work with you to ensure your Lincoln 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 Lincoln. 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 Nebraska, check out our other Nebraska Vacation Rental Management reports in Grand Island, and Omaha, Nebraska or view all of our vacation rental market reports