Vacation Property Managers in Ocean City

About the Ocean City Short-Term Rental Market

The Ocean City short-term rental market is a highly competitive and lucrative market for vacation rental managers. Ocean City is a popular beach destination on the Maryland coast, attracting millions of visitors each year. The city's vacation rental market is well-established, with a wide range of properties available for rent, from beachfront condos to large vacation homes.

Performance Benchmarks for Ocean City Vacation Rental Managers

The Ocean City vacation rental market is highly competitive, with a large number of rental properties available. According to data from Comparent, the average occupancy rate for vacation rentals in Ocean City is around 70%, with an average daily rate of $200-$300 during the peak summer season. Airbnb and VRBO are the two dominant vacation rental platforms in the area, with a significant number of listings on both sites.

The top-performing vacation rental managers in Ocean City typically achieve occupancy rates of 80-90% and average daily rates of $250-$350 during the peak season. These managers often have a strong online presence, with well-optimized listings on Airbnb and VRBO, as well as a user-friendly website and effective digital marketing strategies.

How Competitive is the Ocean City Property Management Market?

The Ocean City property management market is highly competitive, with a large number of companies vying for a share of the market. According to Comparent's market overview, there are over 50 vacation rental management companies operating in the Ocean City area, ranging from small, locally-owned businesses to larger, national companies.

The top property management companies in Ocean City typically offer a comprehensive suite of services, including professional photography, dynamic pricing, 24/7 customer support, and enhanced property care. These companies often have a strong online presence, with well-optimized websites and a significant social media following.

Key Players in the Ocean City Rental Market

Some of the key players in the Ocean City vacation rental market include:

Coastal Life Vacations

Coastal Life Vacations is a locally-owned and operated property management company that specializes in vacation rentals in Ocean City and the surrounding area. The company offers a range of services, including professional photography, dynamic pricing, and 24/7 customer support.

Century 21 New Horizon

Century 21 New Horizon is a well-established real estate company that also offers vacation rental management services in Ocean City. The company has been locally owned and operated for over 35 years and is known for its personalized service and attention to detail.

Ocean City Resort Rentals

Ocean City Resort Rentals is a leading vacation rental management company in the area, offering a wide range of properties and a comprehensive suite of services. The company is known for its strong online presence and effective digital marketing strategies.

Shore Property Management

Shore Property Management is a full-service property management company that specializes in vacation rentals in Ocean City and the surrounding area. The company offers a range of services, including property maintenance, guest services, and revenue management.

Casago

Casago is a national vacation rental management company with a strong presence in the Ocean City market. The company offers a range of services, including dynamic pricing, professional photography, and 24/7 customer support.

Overall, the Ocean City vacation rental market is a highly competitive and lucrative market, with a wide range of property management companies vying for a share of the market. To succeed in this market, vacation rental managers need to offer a comprehensive suite of services, maintain a strong online presence, and implement effective digital marketing strategies.