Short Term Rental Trends

Washington 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 Washington

Occupancy and Demand

  • The vacation rental market in Washington is experiencing varied performance, particularly as it transitions from the summer to the late fall season. While national trends show a slight decline in occupancy rates due to increased supply and softening demand, Washington's unique destinations are maintaining a strong appeal. For instance, areas like the Olympic Peninsula, Leavenworth, and Seattle continue to attract travelers with their natural allure and urban amenities.

Regional Highlights

  • Olympic National Park: This region remains a hotspot for outdoor enthusiasts, with vacation rentals providing easy access to dense forests, mountain landscapes, and the scenic coastline.
  • Leavenworth: Known for its Bavarian experience, Leavenworth attracts visitors looking for a unique cultural and festive atmosphere.
  • Seattle: As a vibrant urban center, Seattle offers a variety of vacation rentals that cater to those seeking city life amenities, including the iconic Space Needle and Pike Place Market.

Seasonal Performance

  • Summer Season: Washington’s vacation rentals are popular during the summer, especially those offering lake and beach access, hiking opportunities, and fishing spots. However, the market is expected to see a slight pickup in the late fall season, aligning with national trends where October and November are pacing ahead of last year’s occupancy rates.

Investment and Management

  • For investors, careful consideration of location, local regulations, and demand cycles is crucial. Washington presents opportunities for prosperous vacation rental ventures, especially with the help of comprehensive vacation rental management services that handle listing creation, guest communication, maintenance, and pricing strategies.

Overall, while the national vacation rental market faces challenges such as increased supply and softening demand, Washington's diverse and attractive destinations continue to draw travelers, making it a viable market for investment and management.

Current Airbnb & VRBO Trends by City

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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.