21 Vacation Property Managers in New York, NY, USA

About the New York Short-Term Rental Market

New York City is one of the most sought-after vacation destinations in the world, attracting millions of visitors each year. With its iconic landmarks, world-class dining, and vibrant cultural scene, the city has a thriving short-term rental market that continues to grow in popularity. According to data from Comparent, the New York short-term rental market is a powerful and resilient one, with demand for vacation rentals showing no signs of slowing down.

The size of New York City and its diverse neighborhoods contribute to the strength of the short-term rental market. While the downtown core sees the highest demand due to its proximity to top attractions, there is also strong occupancy in other areas of the city that offer a more residential experience for travelers. This balanced supply and demand across the city's various neighborhoods ensures consistent occupancy for vacation rental hosts, regardless of location.

Seasonality is a key factor in the New York short-term rental market, with the summer months typically seeing the highest demand as tourists flock to the city. The summer season, which runs from May to October, generates the majority of vacation rental bookings due to increased tourism, conferences, and events. During the winter months, some hosts may opt to offer monthly executive rentals to provide more stable income and occupancy levels.

Regulations around short-term rentals in New York City are an important consideration for vacation rental managers. The city requires that all short-term rental platforms, including Airbnb and VRBO, obtain consent from hosts to share their hosting and listing data with the city. Hosts who do not want to share this data can choose to offer rentals of 30 nights or longer, which are exempt from the data-sharing requirement.

Performance Benchmarks for New York Vacation Rental Managers

The New York short-term rental market is highly competitive, with vacation rental managers vying for a share of the lucrative market. According to data from Comparent, top-performing vacation rental managers in New York City can achieve occupancy rates of over 80% on platforms like Airbnb and VRBO, with average nightly rates ranging from $200 to $500 depending on the size, amenities, and location of the property.

Revenue per available night (RevPAN) is a key metric for evaluating the performance of vacation rental managers in New York. The top-performing managers in the city can achieve RevPAN of $150 or more, indicating their ability to maximize occupancy and pricing to drive optimal financial returns for their clients. (For more detailed market overview information, please refer to the Comparent market overview section.)

How Competitive is the New York Property Management Market?

The New York vacation rental management market is highly competitive, with a large number of providers vying for a share of the lucrative market. According to Comparent's analysis, the top 5 vacation rental management companies in New York City account for approximately 30% of the overall market, with the remaining 70% split among a multitude of smaller providers.

The high demand for vacation rentals in New York has attracted a diverse array of management companies, ranging from large, well-established firms to nimble, technology-driven startups. This competitive landscape has driven innovation in the industry, with managers constantly seeking to differentiate their offerings through enhanced guest experiences, data-driven pricing strategies, and specialized services tailored to the unique needs of New York City's vacation rental owners.

Key Players in the New York Rental Market

Some of the key players in the New York vacation rental management market include:

Home Sweet Hudson - A full-service luxury vacation rental management company serving the Hudson Valley region, including New York City. Home Sweet Hudson offers a range of services, including channel management, dynamic pricing, housekeeping, guest communications, and concierge services.

Guestable - A vacation rental property management company that specializes in Airbnb and short-term rental management in New York City. Guestable offers a comprehensive suite of services, including listing optimization, guest screening, and 24/7 support.

Awning - A technology-driven vacation rental management platform that serves New York City and other major markets. Awning's offerings include automated pricing, smart home integrations, and data-driven performance insights.

Vibe Vacation Rental Management - A boutique vacation rental management company focused on the New York City market. Vibe offers personalized services, including custom property design, guest experience management, and revenue optimization.

Casago - A national vacation rental management company with a strong presence in New York City. Casago provides a full suite of services, including marketing, housekeeping, and maintenance, to help owners maximize the performance of their vacation rentals.