2 Vacation Property Managers in Redmond, OR 97756, USA

About the Redmond Short-Term Rental Market

Redmond, Oregon is a thriving vacation destination located in the heart of Central Oregon's high desert region. With its stunning natural beauty, outdoor recreation opportunities, and proximity to popular attractions like Smith Rock State Park and the Cascade Mountains, Redmond has become an increasingly popular choice for travelers seeking a scenic and adventurous getaway. This growth in tourism has fueled a robust short-term rental market, with vacation homes, condos, and cabins offering visitors a wide range of accommodation options.

Performance Benchmarks for Redmond Vacation Rental Managers

The Redmond vacation rental market has seen impressive performance in recent years. According to data from vacation rental platforms like Airbnb and VRBO, the average daily rate (ADR) for Redmond short-term rentals has climbed steadily, reaching over $300 per night in peak seasons. Occupancy rates have also remained strong, with many properties achieving 70-80% occupancy throughout the year. This is due in part to Redmond's year-round appeal, with visitors drawn to the area's outdoor activities, festivals, and events in every season.

Top-performing Redmond vacation rental managers have been able to leverage these market conditions to deliver exceptional returns for their property owners. The leading companies in the market have reported average annual revenue of $50,000 or more per property, with some high-end homes generating over $100,000 in annual rental income. (For more detailed market data, please refer to the Redmond Market Overview section.)

How Competitive is the Redmond Property Management Market?

The Redmond vacation rental market is highly competitive, with a growing number of property management companies vying for a share of the lucrative short-term rental business. While the market was once dominated by a few established players, new entrants have been drawn to the region's strong performance and growth potential.

According to industry analysis, there are now over 20 active property management companies serving the Redmond area, ranging from small, locally-focused firms to larger, regional operators. This competition has driven innovation and raised the bar for service quality, as companies strive to differentiate themselves and attract both property owners and guests.

Key factors that influence a property management company's competitiveness in Redmond include their local market expertise, marketing capabilities, revenue management strategies, and the quality of their guest services. Top-performing companies have been able to leverage these strengths to build a loyal client base and maintain high occupancy rates for their managed properties.

Key Players in the Redmond Rental Market

Some of the leading property management companies serving the Redmond vacation rental market include:

• Arrived - A regional operator with a strong presence in Central Oregon, Arrived offers a full suite of vacation rental management services, including marketing, revenue optimization, and 24/7 guest support.
• Awning - A technology-driven property management company that leverages data analytics and dynamic pricing to maximize returns for its Redmond clients.
• Meredith Lodging - A locally-focused firm with deep roots in the Redmond community, Meredith Lodging offers personalized service and a strong emphasis on guest satisfaction.
• Davis Property Management - A full-service property management company with a diverse portfolio of Redmond vacation rentals, ranging from cozy cabins to luxury homes.
• RealWise Property Management - A boutique firm that specializes in high-end Redmond vacation rentals, offering tailored services and a focus on maximizing revenue for its clients.