Our approach to Chicago short term rental property management is analytical, hospitality-driven, and owner-friendly. Guestable’s short term rental managers will ensure you and your property are in good hands.
short term rentals, and monthly executive rentals given its popularity both nationally and internationally. This popularity has experienced growth in recent years as more people choose to take short term and extended vacations in Chicago. Compared to other major population centers in the country, Chicago has a very favorable regulatory approach to vacation rentals due to the importance of tourism to its economic growth. The increase in remote work has also contributed to more people choosing to spend more time in Chicago.
Given the size of Chicago, there is demand for short term rentals throughout the many neighborhoods of the beautiful city. In neighborhoods with less demand, there tends to be a balancing effect of lower supply. This ensures 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. Outside of the downtown core, neighbourhoods where tourism isn’t popular, have a lack of hotels. However, their hosts offer great hotel alternatives on sites like Airbnb and experience strong occupancy.
In the City of Chicago, a short term rental is part or all of a home that hosts rent out to guests for temporary occupancy. The three categories of a short term rental are shared housing units, vacation rentals and bed and breakfasts. For any questions about the Chicago short term rental regulations or vacation rental license, 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 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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