Invest in Short-Term Rentals in Manhattan, KS

 

Investing in short-term rental properties in Manhattan, Kansas, offers a unique opportunity for steady income in a high-demand market. With a diverse pool of potential guests, from Kansas State University visitors to families of Fort Riley personnel, Manhattan has neighborhoods that are prime for rental properties.

 

To get started, it’s crucial to understand the market and identify neighborhoods with strong visitor appeal, such as those near Downtown and the university. Next, set a budget that includes initial investment costs like down payments and renovations, and explore financing options like conventional or FHA loans. Property types vary—single-family homes are ideal for families, while condos near popular areas work well for shorter stays. Familiarize yourself with local regulations and tax requirements to ensure compliance and avoid unexpected challenges.

 

Once you’ve selected a property, calculate revenue potential based on local occupancy rates and average nightly prices, which will guide you in setting a competitive rate. Effective marketing will be key, so list your rental on popular platforms like Airbnb, and use professional photos to highlight your property’s unique features and proximity to local attractions. Maintaining high guest satisfaction should also be a priority, as positive reviews are crucial for repeat bookings. Ensure your property is clean, comfortable, and equipped with helpful local information to enhance the guest experience.

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REVIEWS

Jennifer Hayes

Kyle was so amazing at getting my house under contract 24 hours from when it was listed. He was professional and helpful every step of the way. I can’t recommend Kyle enough! Thank you Kyle for helping me sell my home from thousands of miles away and taking such good care of every detail no matter how small it may have seemed.

Emily Perryman

A friend recommended Kyle for our Realtor when we first moved back to Kansas, but we realized we weren’t ready at that time. Fast forward a year later and Kyle was still willing to help us! He was very patient with us and was able to explain the entire process to us as first time homebuyers in a way we could understand! He knew what we were looking for and lined up showing after showing until we found THE house. Throughout the entire process he was honest and gave his opinion when we needed it! Highly recommend Kyle, he is so knowledgeable! He is the best!!

Grace Dull

We worked with Kyle over the years to rent, buy, and eventually sell our house. I can truly say that Kyle went out of his way to help us find exactly what we wanted. He is extremely knowledgeable on the VA loan and that added to the simplicity of the whole buying process. And when it came time to sell, he couldn’t have made it any easier. It was such a busy time for us and surprisingly enough, selling our house was the easy part thanks to him. He always had great advice for us and was very communicative throughout the entire process, always answering our questions in a timely manner. I will always recommend Kyle Powers to anyone I know moving to the Manhattan area!