Philadelphia Pennsylvania Vacation Rental Management

Positive vacation rental trends in Philadelphia include: In 2016, short-term rentals of homes in Philadelphia made up less than 1 percent of the total number of overnight stays in the city. Today, that number is more like 4 percent. Moreover, short-term rentals make up a significant portion of this growth. The rise of short-term rentals has been driven by several factors, including increased demand for affordable housing; the fact that Airbnb and other home-sharing platforms offer a convenient alternative to traditional hotels; and the fact that people like to try out new places without committing to long-term leases or big financial commitments. Of course, there are some drawbacks to renting out your home as a short-term rental. One of the most obvious is that you could end up losing money if your guests don't pay you on time or if they damage your property while they're staying there.

When it comes to choosing the right vacation rental for your next time away, there are a few important things to consider. While a short-term rental is a great option if you’re looking to make some extra cash, it’s important to do your research and find an Airbnb property that fits your needs. One of the biggest considerations is location. If you plan on renting out your Philadelphia home as a short-term rental, it’s important to find an area that’s convenient for guests to get around. This can be especially important if you have young children who may be unfamiliar with the area or don’t know how to navigate public transportation. Another thing to keep in mind is what amenities you need in your short-term rental. If you want guests to have access to a kitchen or bathroom, make sure those are included in the property‘s price.

RedAwning takes the guess-work out of Philadelphia property management, and we work with you to ensure your Philadelphia short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.