6 Vacation Property Managers in Kent, WA, USA

About the Kent Short-Term Rental Market

Kent, Washington is a popular destination for short-term rentals, particularly Airbnb and VRBO properties. Located midway between Seattle and Tacoma, Kent offers travelers an affordable and convenient base to explore the greater Puget Sound region. With its proximity to major highways, the airport, and public transportation, Kent attracts a diverse mix of visitors, from leisure travelers to business professionals.

The short-term rental market in Kent is quite robust, with Airbnb properties in the area seeing an average occupancy rate of 65% and an average daily rate (ADR) of $150. On VRBO, Kent rentals have an average occupancy of 58% and an ADR of $175. This translates to an average annual revenue of $35,000 for Airbnb hosts and $40,000 for VRBO hosts in Kent.

Seasonality plays a significant role in the Kent short-term rental market. The peak season runs from June through August, when the weather is warm and outdoor activities are in full swing. During this time, occupancy rates can reach as high as 85% and ADRs can climb to $200 or more. The off-season, from December to February, sees occupancy rates dip to around 45% and ADRs drop to $120 on average. However, Kent's location between Seattle and Tacoma ensures a steady stream of business and leisure travelers throughout the year.

Performance Benchmarks for Kent Vacation Rental Managers

Professionally managed vacation rentals in Kent tend to outperform their unmanaged counterparts across key metrics. Managed properties in Kent see an average occupancy rate of 72%, compared to just 58% for unmanaged rentals. The average daily rate for managed properties is $165, while unmanaged rentals average $145 per night.

This translates to a significant difference in annual revenue. Managed vacation rentals in Kent generate an average of $45,000 in annual revenue, compared to just $32,000 for unmanaged properties. The higher occupancy rates, premium pricing, and professional management services provided by vacation rental management companies in Kent are key factors in driving this performance gap.

For more detailed information on the Kent short-term rental market, including Airbnb and VRBO performance data, please refer to the Market Overview section.

How Competitive is the Kent Property Management Market?

The Kent property management market is highly competitive, with numerous companies vying for a share of the lucrative short-term rental market. There are currently over 20 property management firms operating in the Kent area, ranging from small, locally-focused companies to larger, national providers.

The level of service offered by these companies varies significantly. Some provide full-service management, handling everything from marketing and bookings to cleaning and maintenance, while others offer more limited services, such as just listing management or occasional check-ins. Pricing also varies, with management fees ranging from 15% to 40% of the rental revenue.

The most successful property management companies in Kent are those that offer a comprehensive suite of services, leverage data-driven pricing and marketing strategies, and maintain a strong reputation for guest satisfaction and owner communication.

Key Players in the Kent Rental Market

Some of the top property management companies operating in the Kent, Washington short-term rental market include:

Awning - A national vacation rental management company that offers full-service management, including marketing, dynamic pricing, and 24/7 guest support. Awning's management fees start at 15% of rental revenue.

Bell-Anderson & Associates - A local property management firm with over 30 years of experience in the Kent market. Bell-Anderson provides a range of services, from residential and apartment management to condo and HOA management, with fees starting at 25% of rental income.

GoSummer - A technology-driven property management company that leverages data and automation to optimize pricing and occupancy for its clients. GoSummer charges management fees between 20-30% of rental revenue.

Full Service Property Management - A full-service property management company serving the Kent area, with a focus on hands-on management and personalized service. Fees range from 25-35% of rental income.

These are just a few of the key players in the Kent short-term rental market. Prospective hosts should carefully evaluate the services, fees, and track record of any property management company before entrusting them with their vacation rental investment.