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Bessemer, Michigan is a small town located in the Upper Peninsula, known for its natural beauty and outdoor recreation opportunities. As a popular vacation destination, Bessemer has seen a growing demand for short-term rental properties in recent years. The town's scenic landscapes, proximity to Lake Superior, and abundance of hiking trails and ski resorts make it an attractive option for travelers seeking a peaceful, nature-filled getaway.
According to data from vacation rental platforms like VRBO and Airbnb, the Bessemer vacation rental market has seen steady growth and strong performance in recent years. On VRBO, Bessemer vacation rentals have an average nightly rate of $200, with occupancy rates hovering around 70% during peak seasons. [1] Similarly, Airbnb listings in Bessemer have an average nightly rate of $175 and an average occupancy rate of 65%. [2] These performance metrics indicate a healthy and active vacation rental market in the Bessemer area, presenting opportunities for property owners and management companies to capitalize on the demand for short-term accommodations.
The Bessemer property management market is relatively competitive, with several established companies vying for a share of the vacation rental and long-term rental segments. Some of the key players in the Bessemer rental market include Watts Realty Company, Frank Poe Real Estate, and Birmingham Property Leasing & Acquisitions. [3,4,5] These companies offer a range of property management services, including marketing, tenant screening, maintenance, and financial reporting, catering to both vacation rental owners and long-term residential landlords.
Watts Realty Company is a well-known property management firm in the Bessemer area, with a strong focus on both residential and commercial properties. The company's Bessemer property management services include comprehensive marketing, tenant screening, maintenance coordination, and financial reporting. [3]
Frank Poe Real Estate is another prominent player in the Bessemer rental market, offering property management services that emphasize customer satisfaction for both owners and tenants. The company's Bessemer-based team handles all aspects of property management, from advertising and tenant placement to maintenance and accounting. [4]
Birmingham Property Leasing & Acquisitions (BPLA) is a full-service property management company that serves the Bessemer area, in addition to other parts of the Birmingham metropolitan region. BPLA specializes in both residential and commercial property management, catering to a diverse client base of investors and landlords. [5]
These key players in the Bessemer rental market offer a range of services and expertise, providing property owners with options to effectively manage their vacation rentals and long-term rental properties. For more information on the Bessemer vacation rental market, please refer to the Market Overview section. [1,2]