in the world. New York City is a hotspot for a flourishing short-term rental with a countless and remarkable list of top attractions, such as Broadway and Times Square. Thousands of New York City hosts are acquiring a yearly income of $40,000 or more. From studio apartments to 4+ bedroom houses, the demand for vacation rentals is sky-high and shows no sign of slowing down. The New York City market is powerful and here to stay, which is a good reason why you should join Guestable’s growing community of profitable hosts today!
Given the size of New York City, there is demand for short term rentals throughout the many neighbourhoods of the beautiful city. In neighbourhoods with less demand, there tends to be a balancing effect of lower supply, ensuring consistent occupancy no matter where or when a host is renting. Demand in the downtown core is always the strongest due to proximity to restaurants, activities, and sites. Due to the lack of hotels outside of the downtown core, hosts in neighbourhoods not traditionally known for tourism offer a great hotel alternative on sites like Airbnb and experience strong occupancy.
The New York City short term rental market is a seasonal market due to variability in travel demand throughout the year. The strongest months of the year are between May to October, with the summer months being the busiest time. The summer demand is generated by increased tourism, conferences, and events. Hosts renting their homes in the winter months may decide they want monthly executive rentals to provide stable monthly income and occupancy due to lower tourism demand.
New York City requires that Airbnb and all other short term rental platforms obtain your consent to share your hosting and listing data with the City. If you don’t want to share your hosting and listing data with the City, you can always switch to hosting 30 nights or longer which are exempt from data-sharing. For any questions about the New York City short term rental regulations you can visit the city’s website or contact us.
Guestable has enabled Stephanie to rent out her home on Airbnb and other short term rental platforms without having to worry about day to day management.
Please provide more information about your rental property so we can provide you with a short term rental earnings estimate and a quote for our property management and Airbnb listing management services.
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