Skip to Content

The Top Vacation Rental Property Investment Trends of 2023: What to Look Out For

vacation rentalAre you considering investing in a vacation rental property in Michigan in 2023? With the right investment strategy, it could be a lucrative venture. But what are the top vacation rental property investment trends to look out for? Read on to learn more.

  • Increased Demand for Unique Properties

In 2023, travelers will continue to seek unique and memorable vacation experiences. This means that vacation rental properties that offer unique features or amenities will be in high demand. Consider investing in properties with features like lakefront access, hot tubs, or private beaches.

  • Increased Emphasis on Safety and Security

Additionally, safety and security will remain a top priority for travelers. Consider investing in properties with security features like smart locks, security cameras, and alarm systems to provide guests with peace of mind.

  • Growing Popularity of Pet-Friendly Properties

Another trend to look out for is the rise of pet-friendly vacation rentals. More and more guests are traveling with their furry friends, and properties that accommodate them are in high demand. Consider investing in properties with pet-friendly amenities such as fenced yards and easy-to-clean floors to appeal to this growing market.

  • Rise of Sustainable and Eco-Friendly Properties

Further, guests are increasingly conscious of their environmental impact and are looking for properties that align with their values. Consider investing in properties with energy-efficient features, such as solar panels and smart thermostats, to appeal to this growing market.

  • Continued Emphasis on Technology

Lastly, the use of technology in vacation rental properties will continue to be a major trend in 2023. Consider investing in properties with features like keyless entry, smart home systems, and high-speed internet to cater to tech-savvy travelers.

In conclusion, investing in a vacation rental property in Michigan can be a profitable venture. However, it’s important to stay on top of the latest trends to ensure success. Incorporating these trends into your rental property can help you attract more guests and stand out in a competitive market. Reach out to Real Property Management Instant Equity Michigan to learn more!

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.

The Neighborly Done Right Promise

The Neighborly Done Right Promise ® delivered by Real Property Management, a proud Neighborly company

When it comes to finding the right property manager for your investment property, you want to know that they stand behind their work and get the job done right – the first time. At Real Property Management we have the expertise, technology, and systems to manage your property the right way. We work hard to optimize your return on investment while preserving your asset and giving you peace of mind. Our highly trained and skilled team works hard so you can be sure your property's management will be Done Right.

Canada excluded. Services performed by independently owned and operated franchises.

See Full Details