Short Term Rental Trends

Indiana Airbnbs & STRs

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RedAwning offers vacation rental property management for busy vacation rental owners and Airbnb hosts. Starts at 10% of revenue.
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Current Vacation Rental Performance in Indiana

Market Overview

Indiana's vacation rental market is experiencing significant growth, making it an attractive option for investors and travelers alike. The state's blend of urban excitement and natural beauty, coupled with its cost-effective living and robust economy, attracts a diverse range of visitors.

Key Trends and Factors

  • Economic Growth and Tourist Attractions: Indiana's economic stability and notable tourist attractions, such as the Indianapolis Motor Speedway and the scenic beauty of Brown County, drive demand for vacation rentals.
  • Affordability: Indiana stands out as an affordable destination for both purchasing vacation rentals and for travelers seeking budget-friendly accommodations.
  • Rental Types and Locations: Popular rental types include traditional homes for families and groups, as well as unique Airbnb experiences. Urban offerings in Indianapolis and lakeside properties in areas like Monticello are particularly noteworthy.

Demand and Supply

  • Growing Demand: The market is characterized by rising demand, particularly in areas with low inventory and increasing home prices. This trend fuels a thriving rental market.
  • Supply and Amenities: Properties equipped with amenities such as pools, full kitchens, and modern design, as well as pet-friendly accommodations, are in high demand. Additional services like breakfast options, access to streaming services, and personal touches can enhance the guest experience.

Regional Performance

  • South Bend: Known for its proximity to the University of Notre Dame, South Bend experiences consistent demand, especially during sports seasons and university-related events. Rentals that can accommodate groups perform well in this area.
  • Other Regions: Areas such as Evansville, Lafayette, and Elkhart also offer diverse prospects for vacation rental investments, each with their unique attractions and opportunities.

Investment Opportunities

Indiana's vacation rental market presents a compelling opportunity for investors due to its growth, affordability, and diverse range of attractions. Effective rental management, customer satisfaction, and the inclusion of desirable amenities are key to success in this market.

Current Airbnb & VRBO Trends by City

No state available.

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FAQ

What does your pricing structure look like?
Our prices start at 10% of revenue. You can check out our pricing page for more information.
What types of vacation rental properties do you manage?
We manage a wide range of vacation rental properties, including single-family homes, condos, apartments, and luxury villas. Our services are tailored to meet the unique needs of each property type.
How do you handle guest support?
Our team provides 24/7 guest support, handling all inquiries, booking assistance, and any issues that may arise during a guest's stay. This ensures a seamless experience for your guests.
What is included in your damage waiver?
Our damage waiver provides $3,000 in coverage per booking, protecting you from accidental damages without the need for security deposits. This coverage is automatically included with every booking.
How does the payment process work?
We handle all aspects of the payment process, including processing payments, managing declined cards, and providing chargeback protection. Funds are deposited directly into your account, ensuring a smooth and secure transaction.
Can I still use my own booking website?
Absolutely! We offer a direct booking website service that allows you to showcase your property and accept bookings directly, bypassing the fees charged by major booking sites.
How do I get started with RedAwning?
Getting started is easy! Simply contact us for a free consultation, and our team will guide you through the onboarding process to ensure a smooth transition to our platform.
Why is RedAwning better than other property management companies?
RedAwning sets itself apart from other property management companies with a technology-driven, cost-effective approach that offers both full-service and partial management options, catering to vacation rental owners who value flexibility and control. Unlike competitors like Vacasa or AvantStay, which focus solely on full-service management with fees ranging from 25-50% of income, RedAwning provides a choice: comprehensive oversight including marketing, reservations, guest support, and maintenance, or a partial-service model emphasizing marketing and bookings across 50+ platforms like Airbnb, Vrbo, and Booking.com, potentially increasing bookings compared to narrower-channel options like Evolve. RedAwning's fees start at 10%. Having served the industry for 15 years, RedAwning combines experience with lower fees and rapid onboarding—listing properties in an afternoon—appealing to hosts who want efficiency without losing decision-making power, though it may not suit those needing extensive local support like Vacasa provides. Its scale (20,000+ properties across 10,000 destinations) and data-driven pricing give it an edge over Evolve’s simpler approach, making it a versatile choice for tech-savvy hosts seeking tailored management solutions.