Sturgis South Dakota Vacation Rental Managers
Income Estimates And Tips To Run a Successful Short Term Rental in Sturgis, Updated May 2023
First and foremost, Sturgis is a destination for motorcycle enthusiasts. For this reason, most Sturgis homes are close to the city’s motocross tracks and other rides. Second, Sturgis is a town that welcomes visitors, so it’s no surprise that there are many vacation rentals in Sturgis. Finally, Sturgis has a robust convention center and numerous hotels within a short distance of the city. These factors make it easy to find an affordable short-term rental in Sturgis. When choosing your property for short-term rental you should take into consideration: The location. Choose a location that’s close to restaurants and stores, but not so close as to be noisy or disruptive. The size of the home. If you have a large home, rent out just one room at a time. A smaller home will allow you to keep costs low while still making enough money to cover the mortgage and utilities.
When partnering with RedAwning for your property management needs, we can make sure your Sturgis rental is set up correctly and ready to generate the most amount of revenue possible per stay.
While Sturgis has a reputation for being an all-round party town, there are also a number of positive reasons why you might want to consider listing your South Dakota home as a vacation rental. One of the biggest attractions for potential guests is the low cost of lodging in Sturgis. While it’s true that prices do vary depending on where you choose to stay, it’s still possible to find a place to stay in Sturgis for as little as $60 per night. This makes it an ideal destination for budget travelers looking to save money while still enjoying all the fun activities this town has to offer. Another benefit of renting out your Sturgis home is that it can help you generate additional income while you’re away. By renting out your property through a vacation rental website like Airbnb, you can earn anywhere between $50 and $250 per night, depending on how much your property is worth and how many nights per year you rent it out. It’s also possible to make even more by charging extra for services like Wi-Fi or parking. The final reason why you might want to consider renting out your South Dakota home as a vacation rental is because there are a number of tax benefits associated with doing so. As long as you meet certain requirements, you may be able to deduct part of your mortgage interest payments from your taxable
There is a growing trend toward short-term vacation rentals, especially in areas with large convention and conference centers. In Sturgis, for example, the town draws tourists from all over the world for its annual Motorcycle Rally. Because of this, there is a high demand for short-term accommodations. However, the majority of these rentals are not located in the downtown area, where visitors have to walk several blocks to get to local attractions. Instead, they are often located in outlying areas. As a result, they tend to be cheaper than downtown rental properties and more affordable to owners who want to make extra income while they are away.
RedAwning takes the guess-work out of Sturgis property management, and we work with you to ensure your Sturgis 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 Sturgis. 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 South Dakota, check out our other South Dakota Vacation Rental Management reports in Rapid City, Sioux Falls, Newcastle, Deadwood, Silver City, Hill City, and Crazy Horse, South Dakota or view all of our vacation rental market reports