Albuquerque New Mexico Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Albuquerque, Updated March 2023
When you’re ready to rent out your Albuquerque home, there are a few things you should know. First, short-term rental trends in Albuquerque show that there’s a growing demand for vacation rentals. This is great news for travelers looking to save money on their lodging costs or for homeowners looking to make some extra income from the rental income of their Albuquerque home. One of the biggest challenges when it comes to renting out your Albuquerque home as a vacation rental is that people often confuse short-term rental with vacation home rentals. While these two types of rentals are both popular in Albuquerque, they have different rules and regulations. For example, short-term rental regulations limit the number of days per year you can rent your Albuquerque home, while vacation home regulations only apply if you live in the house too.
When partnering with RedAwning for your property management needs, we can make sure your Albuquerque rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Positive vacation rental trends in Albuquerque highlight that the location, amenities and a good deal are most important. Albuquerque is a great vacation destination with many things to do and see. There are also many home rentals to choose from in Albuquerque. There are both short-term rentals (for up to 30 days) and long-term rentals (for up to 180 days) available in Albuquerque. Most short-term rental listings are on Airbnb, HomeAway and VRBO, while long-term homes can be found through sites like Realtor.com and Trulia. There are also a number of other options for renting out your Albuquerque home such as home sharing, vacation cottages and bed & breakfasts.
Positive vacation rental trends in Albuquerque, New Mexico when you considering renting out your Albuquerque home as a short-term rental include: When it comes to short-term property rentals, there is no shortage of options. There are vacation rental sites like VRBO, Airbnb and HomeAway to name a few. You can also find homes on Craigslist and in newspapers. As with any type of rental, there are both pros and cons to consider. For instance, you have the convenience of having a home ready whenever you need it, but you give up the security of knowing that your guests are staying in a legally zoned property. At the same time, renting out your home on Airbnb can be one of the best ways for you to make some extra money. In addition to looking for properties that are well-kept and within your price range, you should also consider how much time you will be spending on the property during your stay. If you plan on doing most of your sightseeing in Albuquerque instead of at the house, then perhaps a short-term rental is not the best fit for you.
RedAwning takes the guess-work out of Albuquerque property management, and we work with you to ensure your Albuquerque 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 Albuquerque. 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 New Mexico, check out our other New Mexico Vacation Rental Management reports in Santa Fe, Taos, Cloudcroft, Raton, and Farmington, New Mexico or view all of our vacation rental market reports