Las Vegas Nevada Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Las Vegas, Updated January 2023
As a short-term rental property owner, you should consider the following positive trends in Las Vegas for renting out your home as a short-term rental property: One of the biggest advantages to short-term vacation rentals is that they are different from other residential properties. People looking to rent out their homes are typically looking to part with them for a week or two, and not years. This makes them more attractive to potential renters looking for something different. Another advantage is that short-term rental properties are more likely to be well-maintained, which speaks well to the homeowner's pride in the property. Another positive trend is that there are now more owners willing to rent out their homes in Las Vegas, which further shows that the market is strong. Finally, short-term rental properties can be an excellent way to generate extra income if you're looking for something flexible and financially rewarding.
When partnering with RedAwning for your property management needs, we can make sure your Las Vegas rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Welcome to Las Vegas! This awesome 4 bedroom, 3 bathroom home in Las Vegas is the perfect luxurious getaway just miles from all the excitement of the Las Vegas Strip, UNLV and Las Vegas airport. Make yourself at home and enjoy a gourmet kitchen, HDTV w epic sound, pool table, sparkling swimming pool in the backyard and more! You are going to have a great time here!
Fun in the sun awaits you in this 2,197 square feet newly upgraded Vegas home! Featuring 4 bedrooms and 3... Read More
This Las Vegas 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 Las Vegas.
Las Vegas is enjoying a major economic boom, and short-term rentals are becoming more popular as an affordable alternative to hotels. These are great options for those looking to make some extra money or for visitors who want to experience the city’s unique culture. There are a number of rental options in Las Vegas, including Airbnb and VRBO, as well as hotels that offer short-term rentals. Here are some positive trends in short-term vacation rental: There is demand for short-term rentals in Las Vegas, with occupancy rates of 12% in 2017. This is a big increase from 2015 when occupancy rates were only 6%. Short-term vacation rentals can help reduce strain on the housing market. These properties tend to be smaller and cheaper than traditional hotels, which means they can attract different kinds of visitors. Many homeowners see short-term rental income as another way to make their home more attractive. They can repaint the exterior or install new furniture, giving them a chance to show off their best side to potential buyers.
Positive vacation rental trends in Las Vegas, Nevada when you considering renting out your Las Vegas home as a short-term rental include: The popularity of short-term rental services has been on the rise since they began in the late 2000s. More homeowners are choosing to rent out their houses and apartments around the holidays, spring break, and summer months due to the increase in demand for short-term rentals. Renting out your house is a great way to make extra money during slow months. And it’s also a great way to give back to the community by helping people pay for their housing during these times. It’s also a great way to meet new people!
RedAwning takes the guess-work out of Las Vegas property management, and we work with you to ensure your Las Vegas 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 3 bedroom home in North Las Vegas. 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 Nevada, check out our other Nevada Vacation Rental Management reports in Carson City, Reno, Incline Village, Stateline, and North Las Vegas, Nevada or view all of our vacation rental market reports