23 Vacation Property Managers in St. Augustine, FL, USA

About the Saint Augustine Short-Term Rental Market

Saint Augustine, Florida, is a popular tourist destination known for its rich history, beautiful beaches, and vibrant cultural scene. As a result, the short-term rental market in the area has experienced significant growth in recent years, with an increasing number of visitors seeking vacation rentals as an alternative to traditional hotel accommodations.

According to industry data, the Saint Augustine short-term rental market has seen a steady increase in the number of active listings on platforms like Airbnb and VRBO. In 2023, the city boasted over 2,500 active vacation rental listings, a 15% increase from the previous year. This growth can be attributed to the area's strong tourism industry, which has continued to attract visitors from across the country and around the world.

The average nightly rate for a vacation rental in Saint Augustine is currently around $250, with higher-end properties and beachfront units commanding even higher prices. The overall occupancy rate for the market hovers around 70%, indicating a healthy demand for short-term rentals in the area.

Performance Benchmarks for Saint Augustine Vacation Rental Managers

Vacation rental managers in Saint Augustine have seen impressive performance metrics in recent years. According to data from VRBO, the average annual revenue for a vacation rental property in the area is around $50,000, with top-performing units generating over $100,000 in annual revenue.

On Airbnb, the average daily rate for a Saint Augustine vacation rental is $225, with an average occupancy rate of 75%. This translates to an average annual revenue of $65,000 per property, with the highest-performing units generating over $150,000 in annual revenue.

These performance benchmarks highlight the strong demand for vacation rentals in Saint Augustine and the potential for property owners and managers to generate significant income from their investments. (For more detailed market overview information, please refer to the Market Overview section.)

How Competitive is the Saint Augustine Property Management Market?

The Saint Augustine vacation rental management market is highly competitive, with a large number of local and regional companies vying for a share of the market. According to industry estimates, there are currently over 50 active property management firms operating in the Saint Augustine area, ranging from small, independent companies to larger, more established players.

The top property management companies in the market, such as Saint Augustine Vacation Rentals, Coastal Realty, and Portoro, collectively manage a significant portion of the total vacation rental inventory in the city. These companies have built strong reputations for their high-quality service, effective marketing strategies, and ability to maximize rental income for their clients.

However, the market also includes a large number of smaller, independent property managers who have carved out their own niches by offering specialized services or catering to specific segments of the vacation rental market. This level of competition has helped to drive innovation and improve the overall quality of property management services in the Saint Augustine area.

Key Players in the Saint Augustine Rental Market

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

Saint Augustine Vacation Rentals: One of the largest and most well-established property management companies in the area, Saint Augustine Vacation Rentals manages a diverse portfolio of vacation homes, condos, and beachfront properties. The company is known for its exceptional customer service, comprehensive marketing strategies, and commitment to protecting its clients' investments.

Coastal Realty: A full-service real estate and property management firm, Coastal Realty has a strong presence in the Saint Augustine vacation rental market. The company offers a range of services, including property marketing, guest communication, and financial reporting, and has a reputation for delivering consistent results for its clients.

Portoro: Specializing in vacation rental management, Portoro has a growing portfolio of properties in the Saint Augustine area. The company is known for its innovative approach to marketing and its ability to leverage data-driven insights to maximize rental income for its clients.

St. Augustine Vacation Management Inc.: A locally-owned and operated property management company, St. Augustine Vacation Management Inc. has built a loyal following among vacation rental owners in the area. The company is known for its personalized service, attention to detail, and commitment to ensuring the satisfaction of both property owners and guests.