Alexandria Virginia Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Alexandria, Updated May 2023
Alexandria is an attractive destination with a thriving downtown, a lively arts and culture scene, and a waterfront that’s perfect for strolling, sunbathing, and watching boats sail by. There are plenty of places to eat and drink in Alexandria, as well as plenty of fun things to do. One of the top attractions in Alexandria is the Old Towne Alexandria Historic District, which includes more than 70 buildings dating from the colonial era and the Civil War. Other attractions in Alexandria include the historic sites at Mount Vernon, Fort Belvoir, the Virginia Air & Space Center, the University of Virginia, and George Washington Masonic National Memorial. If you’re looking for something to do while visiting Alexandria, you can explore the city’s many museums or take a tour of historic landmarks. You can also rent out your Alexandria home as a short-term rental to visitors who are looking for a place to stay during their visit.
When partnering with RedAwning for your property management needs, we can make sure your Alexandria rental is set up correctly and ready to generate the most amount of revenue possible per stay.
The first thing to consider when thinking about renting out your Alexandria home as a short-term rental is what type of person you think would be most interested in staying there. Do they like the idea of being in a historic old city? Are they looking for a place with lots of character? Is it close to something they want to do, like a museum or park? If you know this information up front, you can make sure that it matches up with what you’re offering. For example, if you have very large rooms with high ceilings and lots of natural light, that could be perfect for families looking for a place to spread out and relax. But if they’re looking for something smaller and more intimate, those might not be the right features. By having this information in mind ahead of time, you can set expectations with potential guests and come up with solutions that make sense for everyone.
Positive vacation rental trends in Alexandria, Virginia when you considering renting out your Alexandria home as a short-term rental include: Another trend is that cities are becoming more family-friendly. Many families now rent homes specifically for vacations because of the cost savings and ease of getting to activities that are nearby. A second trend is that homes are becoming more versatile, including having extra beds or living spaces so you can rent out one room or entire floor of your home. This makes it much easier to accommodate people who want to stay longer than the standard week or two. And finally, there are many new communities and neighborhoods popping up all over Alexandria, which offer a variety of things to do, including restaurants and bars, fitness centers and tennis courts.
RedAwning takes the guess-work out of Alexandria property management, and we work with you to ensure your Alexandria 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 Alexandria. 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 Virginia, check out our other Virginia Vacation Rental Management reports in Arlington, Charlottesville, Richmond, Virginia Beach, Mineral, Bumpass, Orange, Norfolk, Chesapeake, Suffolk, and Shadwell, Virginia or view all of our vacation rental market reports