7 Vacation Property Managers in Melbourne, FL, USA

About the Melbourne Short-Term Rental Market

Melbourne, Florida and the surrounding Space Coast region have long been a popular vacation destination, attracting visitors year-round with its beautiful beaches, abundant outdoor recreation, and proximity to major attractions like the Kennedy Space Center. This has led to a thriving short-term rental market, with many homeowners and investors offering their properties as vacation rentals through platforms like Airbnb, VRBO, and others.

Performance Benchmarks for Melbourne Vacation Rental Managers

The Melbourne vacation rental market has seen strong performance in recent years. According to data from AirDNA, the average daily rate (ADR) for Airbnb listings in the Melbourne area was $178 in 2023, with an occupancy rate of 72%. For VRBO listings, the average ADR was $225 and the occupancy rate was 68%. This translates to an average annual revenue of around $45,000 per vacation rental property.

Of course, these figures can vary significantly depending on factors like the size and amenities of the property, its location, and the management strategies employed. The top vacation rental management companies in the Melbourne area are able to leverage their expertise, marketing reach, and operational efficiencies to maximize the performance of the properties they manage. (For more details on the Melbourne vacation rental market, see the Market Overview.)

How Competitive is the Melbourne Property Management Market?

The Melbourne property management market is highly competitive, with a wide range of companies vying for business from both individual homeowners and larger real estate investors. Many of these companies offer full-service management, handling everything from marketing and booking to maintenance and guest relations.

Some of the key players in the Melbourne vacation rental management space include:

Key Players in the Melbourne Rental Market

• Happy Palm Stays - A family-owned property management firm with over 20 years of experience in the Melbourne Beach/Space Coast area. They manage a portfolio of over 125 vacation rental properties.
• Awning - A full-service vacation rental management company that offers services ranging from listing optimization to maintenance and housekeeping. They have a strong presence in the Melbourne market.
• East Coast Living - A local property management company that specializes in both long-term and short-term rentals in the Melbourne area, with a focus on providing personalized service.
• Rent in Brevard - A property management firm that serves the entire Brevard County region, including Melbourne, with a range of services for both landlords and tenants.
• Blue Coast Management - A boutique Airbnb and vacation rental management company that caters to Melbourne-area homeowners, handling everything from listing optimization to guest communication.

These are just a few of the many companies competing in the Melbourne vacation rental management space. With high demand for short-term rentals in the area, it's a lucrative market that continues to attract new players. Homeowners and investors looking to maximize the returns on their Melbourne-area vacation properties would do well to research the various management options and find the right partner to help them succeed.