Burlington Vermont Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Burlington, Updated January 2023
When you rent out your Burlington home, you can expect to see a steady increase in bookings throughout the year. In fact, short-term rental revenue has grown by 12% per year since 2012. The reason for this is simple: people love to vacation in Burlington. As a result, they’re willing to pay a premium price for rentals that are located near downtown. The most popular Burlington Airbnb rentals are condos. These units are located in old Victorian homes or historic buildings, which create an additional level of charm and character. Another benefit of renting out your condo is that it allows you to maximize your investment by renting it out on Airbnb for part of the year. As home prices continue to rise in Burlington, it’s becoming more difficult for homeowners to justify renting their property out as a short-term rental. However, if you own a condo, you have an opportunity to turn it into a profitable asset by renting it out on Airbnb for part of the year.
When partnering with RedAwning for your property management needs, we can make sure your Burlington rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Burlington, Vermont is a city located on the Canada border with Canada and is the largest city in the state of Vermont. Burlington has a population of about 42,000 and it was first settled in the 17th century by refugees from the American Revolutionary War. Burlington is known for its independent spirit and progressive politics. It was one of the first cities in the United States to pass legislation banning discrimination based on sexual orientation. Burlington also has a strong environmental movement, with many green spaces and bike paths. In 2015, Burlington was named as one of the most walkable cities in North America by Walkscore.com. In recent years, there has been a growing demand for short-term rentals in Burlington, largely due to its proximity to Montreal, Quebec and Montreal’s thriving Airbnb market. As more visitors come to experience this unique city, short-term rental platforms are offering more affordable options for visitors looking for accommodations that fit their budgets and travel style. Visitors can book short-term rentals in Burlington by searching online or directly contacting hosts through platforms like Airbnb and VRBO.
Positive vacation rental trends in Burlington, Vermont when you considering renting out your Burlington home as a short-term rental include: One of the biggest factors that could affect how much you make is whether or not you have a lot of units to rent. If you only have one or two units, it’s going to be harder to get people interested and if they choose your place they may not leave as good of a review. So if you can add more rooms to your rental, especially if they’re in a good location, that could help increase your revenue potential.
RedAwning takes the guess-work out of Burlington property management, and we work with you to ensure your Burlington 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 South Burlington. 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 Vermont, check out our other Vermont Vacation Rental Management reports in Stowe, Ludlow, Warren, Jeffersonville, Colchester, Rutland, Wilmington, Killington, Fayston, and Dover, Vermont or view all of our vacation rental market reports