Knoxville Tennessee Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Knoxville, Updated May 2023
Holiday and vacation rentals are growing in popularity, with more than 40% of Americans now saying they have rented out a home or apartment at least once. This is especially true for travelers who prefer to stay in a familiar place during their travels. There are several reasons why you might want to consider renting your home out to a guest. For example, if you need some extra cash during the year, you could rent the place out and earn some money without having to leave your day job. Or if you’re planning a longer trip and don’t want to deal with all the maintenance and cleaning, it could be a good option. However, there are also some disadvantages of short-term rental. You may not get as much money from a short-term rental as you would from a long-term rental because long-term renters tend to pay more. Also, since short-term rentals are typically only available for a limited amount of time (e.g., weekdays), it can be difficult to find one that suits your needs. So what are the pros and cons of renting out your home? To figure that out, you need to know the industry trends in Knoxville, Tennessee.
When partnering with RedAwning for your property management needs, we can make sure your Knoxville rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Built in 1835 the Boyd Harvey House has a history rich in southern agriculture, commerce, and traditions. It is a beautiful architectural example of a pre-Civil War, brick, Federal-style, farmhouse and represents one of the 12 pre-Civil War brick homes still standing in Knoxville. Inspired by living in this unique home, the beautiful East Tennessee area, and from growing up in Asheville, NC, current owner, Anne Tillotson White allowed the perfect synergy between preservation and... Read More
This Knoxville vacation home is presented on every travel website, where travelers are looking to book accommodations (Airbnb, VRBO, Expedia, Google Travel, and hundreds more). And, with RedAwning's dynamic pricing, daily rates are adjusted based on seasonality and demand in Knoxville.
There are many positive trends when you decide to rent out your home as a short-term rental property in Knoxville, Tennessee. First, you can make money! When people stay in your home, they spend money on food and entertainment. This is great for your wallet as well as your income. Second, it is a great way to meet new people. When guests come to your home, they get to know you. You get to know them and have new friends for life! And third, it is a great way to travel the world. If you like to travel, renting out your home in Knoxville can be a great way to go!
When you’re planning your Knoxville vacation rental, there are a number of positive trends you can look for to ensure it’s a success. Here are a few: 1. Location - Location is key when it comes to short-term rentals, and it’s also important when you’re planning your vacation home in Knoxville. The property should be close to the attractions you want to visit. This will make it easier for guests to get to, and will also save you on transportation costs. 2. Size - When renting out a large house, it can be hard to find guests who are interested in staying in your short-term rental. It’s better to book smaller properties that can fit more people at one time.
RedAwning takes the guess-work out of Knoxville property management, and we work with you to ensure your Knoxville 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 Knoxville. 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 Tennessee, check out our other Tennessee Vacation Rental Management reports in Chattanooga, Gatlinburg, Memphis, Nashville, Sevierville, Townsend, Asheville, Pigeon Forge, Cosby, Tellico Plains, Dandridge, Newport, Butler, Pigeon Fore, Jacksboro, and Bartlett, Tennessee or view all of our vacation rental market reports