13 Vacation Property Managers in Washington, DC, USA

About the Washington Short-Term Rental Market

Washington, D.C. is a thriving market for short-term vacation rentals, with a diverse array of properties catering to both leisure and business travelers. The nation's capital offers a unique blend of historic landmarks, world-class museums, vibrant neighborhoods, and a bustling business district - making it a popular destination for visitors year-round.

According to data from Comparent, the average daily rate (ADR) for vacation rentals in Washington, D.C. is $200, with an occupancy rate of 70%. This translates to an average monthly revenue of $4,200 per property. The most popular rental types are apartments and condos, which make up 60% of the market, followed by single-family homes at 30% and townhouses at 10%.

Performance Benchmarks for Washington Vacation Rental Managers

When it comes to vacation rental performance in Washington, D.C., Airbnb and VRBO are the dominant platforms. Airbnb hosts in the city earn an average of $3,800 per month, with an average occupancy rate of 65%. On VRBO, the average monthly revenue is $4,500, with an occupancy rate of 72%.

Top-performing vacation rental managers in Washington are able to achieve even higher returns, leveraging dynamic pricing strategies, professional photography, and targeted marketing to maximize bookings and revenue. The best managers typically charge a 20-30% management fee but can deliver 2-3x the revenue of an owner-managed property. (See our Market Overview section for more details on Washington's vacation rental performance.)

How Competitive is the Washington Property Management Market?

The Washington, D.C. vacation rental market is highly competitive, with a mix of national providers, regional firms, and independent operators vying for a share of the lucrative short-term rental business. According to Comparent's analysis, there are over 50 active vacation rental management companies serving the D.C. metro area.

Key Players in the Washington Rental Market

Some of the key players in the Washington rental market include:

Recreation Stays

A Seattle-based provider that offers full-service management for vacation rentals in the D.C. region, with a focus on high-end properties and luxury experiences. Recreation Stays boasts an average 5-star rating from guests and claims to deliver 2-3x the revenue of owner-managed listings.

Great Dwellings

A Washington D.C.-based property management firm that specializes in short-term and vacation rentals. Great Dwellings manages a portfolio of properties across the metro area, leveraging dynamic pricing, professional marketing, and 24/7 guest support to maximize returns for owners.

Awning

A technology-driven vacation rental management platform that serves the D.C. market, as well as other major cities across the U.S. Awning uses data-driven pricing and automated tools to streamline operations and boost revenue for its clients.

Meredith Lodging

A regional property management company with a strong presence in the Washington, D.C. area. Meredith Lodging offers a full suite of services, including listing management, cleaning, maintenance, and guest communication.

With so many options available, vacation rental owners in Washington must carefully evaluate potential management partners to find the right fit for their property and investment goals. Factors like fees, marketing expertise, technology capabilities, and guest satisfaction should all be considered when selecting a provider.