53 Vacation Property Managers in Pigeon Forge, TN, USA

About the Pigeon Forge Short-Term Rental Market

Pigeon Forge, Tennessee, is a thriving tourist destination located in the heart of the Great Smoky Mountains. With its abundance of family-friendly attractions, outdoor adventures, and scenic beauty, the city has become a popular choice for vacationers seeking a getaway in the Smokies. This demand has fueled the growth of the short-term rental market in Pigeon Forge, with thousands of vacation homes, cabins, and condos available for rent.

According to data from AirDNA, there are currently over 4,500 active short-term rental listings in Pigeon Forge, representing a diverse range of property types and sizes. The market has seen steady growth in recent years, with a 3% increase in active listings over the past year. This expansion reflects the continued appeal of Pigeon Forge as a premier vacation destination and the increasing popularity of short-term rentals as a preferred accommodation option for travelers.

Performance Benchmarks for Pigeon Forge Vacation Rental Managers

The Pigeon Forge short-term rental market has demonstrated strong performance metrics, making it an attractive investment opportunity for property owners and vacation rental managers. According to the AirDNA market overview, Pigeon Forge short-term rentals on Airbnb and VRBO average a 58% occupancy rate, a $320 daily rate, and $45,334 in monthly revenue. [1]

When compared to the top-ranking vacation rental management companies in the area, Pigeon Forge's performance data is generally in line with or exceeds the industry benchmarks. For example, Elk Springs Resort, a leading property management company in the region, reports an average occupancy rate of 60% and an average daily rate of $325 for its managed properties. [2] Similarly, Avada Properties, another prominent player in the Pigeon Forge market, boasts an average occupancy rate of 57% and an average daily rate of $310. [3]

These performance metrics highlight the strong demand for short-term rentals in Pigeon Forge and the potential for vacation rental managers to achieve high returns on their investments. For more detailed information on the Pigeon Forge vacation rental market, please refer to the Market Overview section.

How Competitive is the Pigeon Forge Property Management Market?

The Pigeon Forge vacation rental management market is highly competitive, with a large number of property management companies vying for a share of the market. This competitive landscape is driven by the significant demand for short-term rentals in the area and the potential for high returns on investment.

According to industry data, there are over 20 property management companies actively operating in the Pigeon Forge market, ranging from small, locally-owned businesses to larger, regional or national firms. [4] These companies offer a variety of services, including property marketing, guest booking, maintenance, and financial management, all aimed at maximizing the profitability of their clients' vacation rental properties.

The competition in the Pigeon Forge market is further intensified by the presence of large, well-established property management companies, such as Elk Springs Resort, Avada Properties, and Haven Vacation Rentals. These companies have built strong reputations, extensive guest networks, and efficient operational processes, making it challenging for smaller players to compete effectively. [2,3,5]

Key Players in the Pigeon Forge Rental Market

The Pigeon Forge vacation rental market is dominated by several key players, each offering a unique set of services and expertise to property owners and investors.

Elk Springs Resort is one of the most prominent property management companies in the Pigeon Forge area, managing over 150 vacation rental properties and boasting a strong reputation for exceptional customer service and high-performing rentals. [2] Avada Properties, another major player, specializes in luxury cabin rentals and has a diverse portfolio of properties catering to a range of traveler preferences. [3]

Haven Vacation Rentals, a regional management company, has also established a significant presence in Pigeon Forge, offering a comprehensive suite of services to property owners, including marketing, maintenance, and financial management. [5] Summit Cabin Rentals and Colonial Properties are two other notable players in the market, each with their own unique strengths and specialties. [4,6]

These key players, along with a host of smaller, locally-focused property management companies, contribute to the highly competitive nature of the Pigeon Forge vacation rental market. Property owners and investors seeking to maximize the returns on their short-term rental investments must carefully evaluate the services and track records of these various management companies to find the best fit for their needs.