Ohio Vacation Rental Management & Short Term Property Manager Tips & Trends
Revenue Expectations for Your Short Term Rental Property In 2023
Short-term vacation rental trend in Ohio is growing due to rising demand among travelers. The number of short-term vacation rentals in the state increased from 2017 to 2018, as more people are choosing to rent a place while they are on vacation. Almost 1,000 new short-term vacation rentals have been added to the market since 2012. The overall growth rate of short-term vacation rentals in the state has been increasing over the past five years. However, there are some limitations when it comes to short-term rental regulations in the state. The law requires that all properties that are rented out for less than 30 days need to be registered and licensed with the local authorities. The law also limits the occupancy of short-term vacation rentals to six unrelated persons at a time, unless otherwise permitted by local authorities.
As the economy continues to improve in Ohio, so does the demand for short-term vacation rentals. Since many people are looking for ways to save money on their travels, short-term vacation rentals provide an excellent opportunity to do so. Moreover, as many Americans are opting to travel more often these days, short-term vacation rentals are becoming an increasingly popular option as well. As a result, there has been a significant increase in the number of short-term vacation rental companies in Ohio over the past few years. In fact, it is estimated that there are more than 1,000 short-term vacation rental companies operating in the state today. Thus, it is clear that short- term vacation rentals are becoming increasingly popular in the state today.
Short-term vacation rental (STRV) is a popular option for vacationing families and couples. STRVs offer short-term rentals of between one week and several months. This type of vacation rental can be found all over the world, but the United States is a particularly hot spot. Why do people choose to rent short-term? There are many reasons why people choose to rent short-term. Perhaps they want to travel cheaply or have a flexible schedule. Perhaps they want to avoid crowds on holiday weekends or need a place where their kids can run around unsupervised. Whatever the reason, there’s no shortage of options for STRVs in the U.S. Some reasons why people might choose to rent longer-term are: more privacy, better location, better amenities, etc. It’s important to consider what you want from your vacation home when deciding whether to rent long-term or short-term.