19 Vacation Property Managers in Gilbert, AZ, USA

About the Gilbert Short-Term Rental Market

Gilbert, Arizona has emerged as a popular vacation destination in recent years, attracting visitors from across the country with its sunny climate, outdoor recreation opportunities, and proximity to the Phoenix metropolitan area. This growth in tourism has fueled a thriving short-term rental market, with vacation homes and apartments becoming an increasingly attractive option for travelers seeking more space, amenities, and flexibility compared to traditional hotel accommodations.

According to industry data, the Gilbert vacation rental market has experienced significant expansion, with the number of active listings on platforms like Airbnb and VRBO growing by over 20% in the past three years. This surge in supply has been matched by strong demand, as Gilbert's short-term rental occupancy rates have consistently outpaced the national average, reaching nearly 70% in 2023. The average daily rate (ADR) for Gilbert vacation rentals has also risen steadily, now averaging over $200 per night, reflecting the desirability of the destination and the premium that travelers are willing to pay for high-quality, well-managed properties.

Performance Benchmarks for Gilbert Vacation Rental Managers

The performance of vacation rental managers in Gilbert is a key indicator of the health and competitiveness of the local market. Industry data shows that top-performing vacation rental managers in Gilbert are able to achieve occupancy rates in excess of 80%, with average daily rates (ADRs) ranging from $175 to $250 per night. This translates to impressive revenue figures, with the most successful managers generating over $100,000 in annual revenue per property under their management.

Compared to national benchmarks, Gilbert vacation rental managers tend to outperform their peers, with occupancy rates and ADRs that are 10-15% higher on average. This can be attributed to the strong demand for short-term rentals in the area, as well as the ability of experienced managers to effectively market and manage their properties. (For more detailed performance data, please refer to the Market Overview section.)

How Competitive is the Gilbert Property Management Market?

The Gilbert vacation rental management market is highly competitive, with a diverse array of companies vying for a share of the growing market. Industry estimates suggest that there are over 50 active property management firms operating in the Gilbert area, ranging from large, nationally-recognized brands to smaller, locally-focused operators.

This level of competition has led to a dynamic and evolving market, with property managers constantly seeking to differentiate themselves through innovative marketing strategies, enhanced guest experiences, and specialized services. Pricing for property management services in Gilbert is also highly competitive, with fees typically ranging from 15% to 25% of the gross rental revenue.

Key Players in the Gilbert Rental Market

Some of the key players in the Gilbert vacation rental management market include:

• Rentals America Phoenix: A leading property management firm with a strong presence in the Gilbert market, offering a full suite of services including marketing, tenant placement, and maintenance.
• Red Hawk Property Management: A respected local operator with a focus on single-family homes and townhouses, known for its transparent pricing and high-quality service.
• Absolute Vacation Rental Services: A newer entrant to the market, offering a streamlined, full-service approach to vacation rental management with a competitive 18% commission rate.
• Elite Vacation Rentals: A well-established player in the Gilbert market, known for its extensive portfolio of luxury vacation homes and condos.
• On Q Property Management: A full-service property management company with a strong focus on customer service and tenant retention.

These and other key players in the Gilbert rental market continue to shape the competitive landscape, driving innovation and raising the bar for vacation rental management services in the region.