Columbus Ohio Vacation Rental Report
Success Stories & Vacation Rental Trends, Updated October 2022
Positive vacation rental trends are on the rise in Columbus, Ohio. Whether you’re renting out your home for short-term vacation rentals or long-term rentals, there are a number of things to keep in mind if you’re hoping to attract guests who will want to stay longer than just a weekend. First and foremost, it pays to be familiar with the laws that pertain to short-term rentals in Columbus, Ohio. Aside from just being aware of the rules and regulations surrounding short-term rentals in Columbus, you should also be prepared to handle any potential security concerns that come up while your property is occupied. If you’re able to rent out your home as a short-term rental without any issues, then this can definitely help increase the likelihood that you’ll receive future bookings and have an easier time attracting new guests.
As Columbus, Ohio continues to grow in popularity and reach new heights, there are many benefits that come along with the growth. One of the biggest is the influx of tourism. As more people flock to the area to enjoy everything it has to offer, they leave their homes empty and looking for places to stay. While it may be tempting to take advantage of this opportunity and rent out your home, there are a few things you need to keep in mind. First, it’s important to remember that short-term rental laws differ from state to state. While some states have laws in place that protect tenants from unfair eviction practices, others do not. To make sure you’re protected, it’s important to research the laws in your area and make sure you comply with them before renting out your home. Second, it may be hard to find tenants who are willing to pay the same amount you would for a regular rental. This can put a bit of a strain on your budget, so be sure you have enough money saved up before you start looking for tenants.
When you consider renting out your Columbus home as a short-term rental, there are plenty of things to keep in mind. First, is your property well maintained? If it isn’t, this could potentially lead to issues when guests arrive. Second, do you know your neighbors? You don’t want to end up with a situation where someone is complaining about noise or other issues. Finally, how much time do you have to put into the rental? If you only have a few days available for the rental, things could get crowded quickly. Because of these factors, it’s important to consider them before committing to a short-term rental in Columbus.
Note: These averages are based on a 2 bedroom home in Columbus. 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 Ohio, check out our other Ohio Vacation Rental Management reports in Cincinnati, Cleveland, and Logan, Ohio or view all of our vacation rental market reports