Olympia Washington Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Olympia, Updated September 2023
Positive vacation rental trends in Olympia, Washington when you considering renting out your Olympia home as a short-term rental include: One of the most positive vacation rental trends in Olympia is the steady increase in people renting out their homes for vacation. Between 2012 and 2016, there was an increase of more than 27% in Airbnb listings alone. This trend is driven in part by the new, affordable options for lodging. However, the rising cost of housing and skyrocketing rent prices are also contributing to this trend. With so many people choosing to stay in hotels or Airbnb over longer periods of time, it’s important to keep your home clean and well-maintained. It’s also important that you check in with your guests if they need anything.
When partnering with RedAwning for your property management needs, we can make sure your Olympia rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Positive vacation rental trends in Olympia, WA when you considering renting out your Olympia home as a short-term rental include: There are many positive aspects to short-term vacation rentals in Olympia. Most people are looking for affordable housing and easy access to the outdoors. The city is also a popular tourist destination and many visitors want to be within walking distance of restaurants and shops. As a result, there is a demand for short-term accommodation from both locals and tourists. If you have an extra room or suite to rent out, you can earn some extra money by renting it out on Airbnb or VRBO. You can also earn money by renting out your property if you have a backyard pool or deck available to rent. There are many fantastic vacation rental properties in Olympia that could be perfect for your next vacation rental.
The growing popularity of Airbnb and other short-term vacation rental services has made it easier than ever to rent out your property in Olympia, Washington. With these services, you can earn extra money by renting out your home to travelers who are looking for somewhere to stay while they are on vacation in the area. There are a number of things you need to consider before making the decision to rent out your home through an online service like Airbnb. First, make sure that the home is well maintained and in good condition before you list it for rent. Second, make sure that there is enough space for guests to stay comfortably. Third, make sure that you have all of the necessary permits in place before you begin accepting reservations through Airbnb.
RedAwning takes the guess-work out of Olympia property management, and we work with you to ensure your Olympia 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 Olympia. 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 Washington, check out our other Washington Vacation Rental Management reports in Chelan, The Gorge, Quincy, Cashmere, Leavenworth, Blaine, Seattle, Spokane, North Bend, Westport, Glacier, Maple Falls, White Salmon, Lyle, Deming, Renton, Sedro Woolley, Des Moines, Carson, Bingen, Greenbank, Kent, Orting, Stevenson, Enumclaw, Tacoma, Coupeville, Port Orchard, Bellevue, Lacey, Gig Harbor, Skokomish, Tulalip Bay, Orcas, Lopez Island, Lilliwaup, Ronald, Walla Walla, Bothell, Oak Harbor, Arlington, Lynnwood, Vancouver, Bellingham, Sequim, and Kennewick, Washington or view all of our vacation rental market reports