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Learn About the Red River Gorge, Kentucky

Articles to learn about the perfect Cabin Stay in the Red River Gorge, KY.

Let us help you grow in your Airbnb Business in the Red River Gorge, KY

Investment Potential: Red River Gorge Properties demand a high return for STR investors. Co-host with Red River Stays

by Red River Stays | Oct 23, 2023 | Red River Gorge KY Property Management, Airbnb, Campton, KY, Co-Hosting

Introduction:

If you own a property in the breathtaking Red River Gorge region of Kentucky and are considering the world of short-term rentals, you’ve come to the right place. Red River Stays is here to help you transform your property into a lucrative Airbnb investment. Let’s explore the demand for luxury cabins in this stunning area and how data can guide your investment decisions.

Exploring the Demand for Luxury Cabins

In 2022, the Campton area of the Red River Gorge saw a surge in the popularity of luxury cabin rentals. With over 200 luxury cabin listings, these properties generated an impressive $5 million in revenue. The average nightly rate for a luxury cabin in the Campton area stands at $250. However, this rate varies based on cabin size, amenities, seasonal factors, and more. Larger cabins with added amenities often command higher rates, especially during peak seasons like summer and fall.

Comparing the Campton Area to Other Markets

When comparing the Campton area to other Kentucky markets, it becomes evident that this region offers an attractive investment opportunity. While the average nightly rate for luxury cabins in Lexington, KY is $200 and in Louisville, KY is $225, the Campton area boasts a higher rate. What’s more, luxury cabins in the Campton area experienced a solid 70% occupancy rate in 2022. This means that luxury cabin owners here can anticipate renting out their properties for a substantial portion of the year.

Using Data to Make Informed Investment Decisions

The data provided by AirDNA is a valuable asset for making well-informed decisions regarding your luxury cabin investment. AirDNA utilizes real data from Airbnb services to empower investors with critical information. Here’s how it can help you:

Identify the most popular types of luxury cabins in the area.
Determine the average nightly rate for different types of cabins.
Understand the occupancy rate for different types of cabins.
Identify the best time of year to rent out a property.
Estimate the potential revenue for a property.

Example:

Imagine an investor interested in purchasing a luxury cabin within the Red River Gorge region to rent out on Airbnb. With AirDNA data, they discover that the average nightly rate for luxury cabins in the area is $250, along with an occupancy rate of 70%.

Based on this data, the investor can estimate an annual revenue of $52,500, making the following assumptions:

The cabin is available for rent 365 days per year.
The cabin is rented out 70% of the time.
The average nightly rate for the cabin is $250.

Conclusion:

The Campton area of the Red River Gorge is a hotspot for tourists, and the demand for luxury cabins continues to grow. Utilizing data from AirDNA, investors can make well-informed decisions about their luxury cabin investments. However, it’s crucial to note that, alongside data, ensuring your cabin is well-maintained and offers a unique, memorable experience for guests is equally vital. Red River Stays is here to assist you in transforming your property into a lucrative Airbnb investment. Reach out today for a free consultation and embark on a profitable hosting journey.

Property Management?

Hire us to co-host your property and get access to our direct booking site.

How Much?

Co-Host Services We Offer Short-Term Rental Cabin Owners:

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Initial Setup of Airbnb property on Aibnb and Other Listing Platforms

Our service for Airbnb properties in the Red River Gorge, KY area, we’re dedicated to providing a comprehensive solution to help your Airbnb business thrive. Our services include not only getting your property listed on Airbnb and other platforms but going the extra mile in optimization, pricing strategy, calendar management, and more, ensuring your Airbnb property stands out and attracts the guests you desire.

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Listed on our Direct Booking Webite “StayInTheGorge.com”

When Red River Gorge Stays is your Co-host, you gain access to our direct booking site, StayInTheGorge.com, where we are able to save you booking fees, increase your revenue and drive repeat business from guests as we delight them with customer service and relaxing stays!

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Booking Management

Our goal is to make your Airbnb Cohosting experience completely passive. We manager your Airbnb bookings across multiple platforms. You can block off dates for personal use or completely let us control the calendar and continue to bring revenue into your pocket.

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Pricing Strategy

We keep a constant eye on what prices are doing and adjust your Airbnb pricing accordingly to ensure that you are always priced to the market. We work hard to ensure that we get your listing the level of occupancy you deserve.

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Automatically Set and Unset Locks for Guests

We take the security of your cabin and your guests seriously. We install and set your cabin to use our special locks that allow us to set codes minutes prior to the arrival of a guest and unset the codes minutes after departure.

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Short-Term Rental Marketing

Our Airbnb cohost team in the Red River Gorge, KY is made up of experts in the field of marketing, SEO optimization, and making sure your Airbnb listing gets the most views it can. We work hard to continually optimize your listing to perform well.

Performance Reports

We treat your Airbnb Cabin rental business as though it was our own. That’s why we provide monthly reports so you can see how your property is performing as we cohost and lead the way to profitability.

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Cleaning Service

We are ready to partner with you and take the burden of having to worry about finding, hiring, managing, and inspecting your property’s cleaners. Finding the right Airbnb cleaning team in the Gorge can be really difficult, that’s why we’re here to help. Let our world class cleaners take care of your cabin.

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Listing Optimization

Our mom’s always said we have a way with words, now we’re putting that skill to work for you! We will optimize your listing to describe the beauty it entails. By the time your customer is through reading your listing, they’ll be practically begging to hit the “Reserve” button!

Guest Customer Service

Don’t worry anymore about missing a message from a guest. We will cover every communication from the initial reservation, to sending out check-in/check-out instructions all the way to answer questions about toilet paper at 1am in the morning. You just sit back relax and let us take care of the guests!

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Five Star Reviews

We use our system to encourage your guests to give your Airbnb listing five stars. We know how much your ratings matter to you and we want to make sure that you get every review you deserve.

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Digital Guest Book to Wow your Guests

We provide every one of your guests with a digital guest book that wows them and helps them have a next-level experience. We want every guest to be delighted when they leave your property.

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Post Cleaning Inspections

We believe in accountability. That’s why we have a multipoint checklist that our inspectors go over after every single clean to ensure that your property is ready for the next guest to arrive.

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Guest Email Capture

We have intentionally capture every guests email address so we can remarket to them and provide them as repeat customers in your Airbnb Cabin rental in the Red River Gorge of Kentucky.

Let Us Delight You!

Coordination* Services to make your life easy!

Let us coordinate the tasks you need to be accomplished for you. Need regular lawn maintenance, we can coordinate it for you, a handy man to fix a squeaky door or leaky toilet? We’ve got ya covered. Replacement of furniture? We can help there too. Whatever your needs are, we can coordinate!

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Professional Staging of Property

When it comes to coordinating the initial staging of your property, from setting up furniture to creating a welcoming atmosphere, we go the extra mile. In the Red River Gorge, KY area, we specialize in transforming your Airbnb property into an inviting space that appeals to the renters you’re targeting. Our approach includes careful coordination and hiring top-notch Short-Term Rental Photographers as your cohosts. We believe in making your Airbnb business thrive by bringing your property to life in a way that truly captivates potential renters.

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Coordinate Professional Photography

We go above and beyond to coordinate and hire the best Short-Term Rental Photographers as your cohosts in your Airbnb Business in the Red River Gorge, KY area to make sure your Airbnb property comes to life in a way that attracts the renters you are looking for.

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Coordinate Your Landscaping/Lawn Maintenance

Don’t have time to mow the lawn? Don’t worry, we take care of coordinating this too. Our dedicated team of lawn care professionals will manage and care for your property and ensure that each guest’s stay is top notch.

Coordinate Handyman Services

Ever worried about what to do if a toilet overflows in the middle of the night in your Airbnb Cabin? Not anymore. Let Red River Stays coordinate these repairs and take care of your worries for you. By the time you realize there is a problem, we will have already taken care of it. Sign up today!

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Coordinate Pest Control Treatments

We will coordinate regular (we recommend quarterly – but frequency is up to you) pest control treatments to ensure that your Airbnb Cabin in the Red River Gorge, KY is free from pests.

Coordinate Your Monthly Deep Cleaning

Cleaning after each guest’s departure at your Airbnb is vital, but we, as your cohosts, we can coordinate monthly (or as-needed) deep cleans to make sure that every part of your Airbnb is staying in working, clean order.

*Disclaimer: Coordinated Services, hereinafter referred to as “Services,” are offered by Red River Gorge Stays as pass-through services. We will act as an intermediary, coordinating with the respective service provider, and subsequently invoicing you, the client, for the incurred expenses related to these services. These Services are typically provided on an “as needed” basis, and they are initiated at the request of the property owner.

It is crucial to acknowledge that the property owner assumes full responsibility for all financial liabilities associated with these Services. Red River Stays disclaims any responsibility for potential damage or misrepresentation of services rendered by third-party providers. Rest assured, we will make diligent efforts to minimize risks by exclusively engaging professionals for these Services.

Understanding the Difference Between a Property Management Company and an Airbnb Co-Host: Why Having “Red River Stays” as Your Co-Host Is Better

In the dynamic world of short-term vacation rentals, property owners face critical decisions about how to efficiently manage their properties and maximize their income, especially in a beautiful location like Red River Gorge, KY. Two common options are hiring a property management company or partnering with an Airbnb co-host. While both approaches aim to simplify the rental process, there are significant differences between the two, and many property owners are discovering that having Red River Stays as their co-host can be the superior choice.

Property Management Company: The Traditional Approach

Property management companies have long been the go-to solution for property owners looking to outsource the tasks associated with short-term rentals. These companies typically offer a suite of services, including property listing, guest communication, housekeeping, maintenance, and more. While property owners can enjoy a hands-off approach to renting their space, there are some drawbacks to consider.

Pros of a Property Management Company:

Full-Service Solution: Property management companies offer comprehensive services, making them suitable for property owners who want to be completely hands-off.
Professional Expertise: They often have experienced staff who can handle various aspects of property management.

Cons of a Property Management Company:

High Costs: Property management companies typically charge high fees (25%+), which can significantly eat into your rental income (at Red River Stays, we charge a low 20% fee).
Lack of Control: You may have limited control over your property and rental decisions.
Generic Approach: Many property management companies take a one-size-fits-all approach, which might not cater to the unique needs of your property.

Airbnb Co-Host: A Modern Solution

In recent years, Airbnb co-hosts have emerged as a more flexible and cost-effective alternative to property management companies. Co-hosts are individuals or small businesses that offer specialized services tailored to Airbnb hosts. They act as a partner rather than a service provider, working closely with property owners to maximize their rental income and guest satisfaction.

Pros of an Airbnb Co-Host:

Cost-Effective: Co-hosts often charge lower fees (We charge a low 20% fee at Red River Stays) than property management companies, allowing you to retain a more significant portion of your rental income.
Personalized Service: Co-hosts provide a customized approach to property management, considering the unique features and needs of your property.
Greater Control: You maintain more control over your property and rental decisions, working closely with your co-host. We believe you’ll come to find placing your trust in our systems yields a good return.
Local Expertise: Co-hosts often have in-depth knowledge of the local market and can optimize pricing and marketing strategies accordingly.

Cons of an Airbnb Co-Host:

Varied Services: The range of services offered by co-hosts can vary, so it’s essential to find one that aligns with your needs.

Why Having “Red River Stays” as Your Co-Host Is Better

While both property management companies and co-hosts have their merits, many property owners are finding that Red River Stays offers a better overall experience. Here’s why:

1. Cost-Effective: Red River Stays typically charges lower fees ($1,000 Deposit + 20% of Revenue – we also offer coordinated services on an as needed basis), ensuring that property owners retain a more substantial portion of their rental income. This cost-effectiveness can make a significant difference in your overall earnings.

2. Personalization: Red River Stays offers a personalized approach, tailoring their services to your property’s specific requirements. This level of customization can lead to higher guest satisfaction and better reviews.

3. Greater Control: With Red River Stays, you maintain greater control over your property and rental decisions. You work closely with your co-host to make decisions that align with your goals and preferences.

4. Local Expertise: Red River Stays often has an intimate understanding of the local market, enabling them to optimize pricing, marketing, and guest experiences. This local knowledge can translate into higher occupancy rates and rental income.

In conclusion, while property management companies have been the traditional choice for vacation rental management, Airbnb co-hosts like Red River Stays are gaining popularity due to their cost-effectiveness, personalized service, and collaborative approach. Property owners seeking greater control, better earnings, and a tailored experience are increasingly turning to Red River Stays as the preferred solution for their short-term rental needs. When it comes to finding the right balance between convenience and profitability in Red River Gorge, KY, having Red River Stays as your co-host often proves to be the better choice.

Red River Stays

Luxury Red River Gorge Cabins in Kentucky.