Short Term Rental Management in Sioux Falls, South Dakota

Short Term Rental Management in Sioux Falls

Awning offers full-service vacation rental property management for busy vacation rental owners and Airbnb hosts in Sioux Falls, South Dakota. Starts at 15% of revenue.

Best Airbnb Management in Sioux Falls, South Dakota

Awning offers local Airbnb management for short-term rental owners. Get management starting at 10%.

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Awning’s Airbnb Calculator estimates the annual revenue for any address as a short-term rental.

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Sioux Falls, South Dakota

Sioux Falls, South Dakota's largest city and economic hub, presents compelling opportunities for short-term rental investments driven by its robust business sector, outdoor attractions, and growing tourism industry. The city's thriving economy, anchored by major financial services companies, healthcare systems, and agriculture businesses, generates consistent demand for corporate housing and business travel accommodations. Sioux Falls' namesake waterfalls in Falls Park, along with its vibrant downtown arts district, growing craft brewery scene, and proximity to outdoor recreation areas, attract leisure visitors year-round. The city's business-friendly environment, affordable cost of living, and continued population growth create a stable foundation for rental property investments, while major events like the annual Sculpture Walk and various festivals provide seasonal demand spikes for short-term accommodations.

Sioux Falls exhibits distinct seasonality with peak demand during summer months (June-August) when pleasant weather drives tourism to Falls Park and regional attractions, plus increased business travel. Spring and fall offer moderate demand with visitors enjoying mild temperatures for outdoor activities and hunting seasons. Winter months see reduced occupancy due to harsh weather, though some demand exists from business travelers and indoor event attendees. The market benefits from year-round business travel to corporate headquarters and medical facilities, with special events like the annual arts festival and sporting events creating demand spikes throughout the year.

As of January 1, 2024, all rental units (short- and long-term) must obtain a residential rental permit with 2-hour training; occupancy and parking standards also apply.

Managing an Airbnb in Sioux Falls can be challenging due to competition and the need to maintain a high level of guest satisfaction. A professional Airbnb management company can assist with tasks such as property maintenance, marketing, and guest communication. This can help hosts achieve higher occupancy rates and ratings, ultimately leading to greater revenue.

The most sought-after amenities for Airbnb stays in Sioux Falls include comfortable beds, fast Wi-Fi, and modern kitchen and bathroom facilities. Popular locations include downtown, near the Falls Park and Big Sioux River, and in quiet residential neighborhoods. Unique features such as private outdoor spaces and access to local attractions can also make a property stand out to potential guests.

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Market overview
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Airbnb seasonality
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Short-term rental regulations
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Airbnb property management
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Locations and amenities
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Sioux Falls, South Dakota

Sioux Falls, South Dakota's largest city and economic hub, presents compelling opportunities for short-term rental investments driven by its robust business sector, outdoor attractions, and growing tourism industry. The city's thriving economy, anchored by major financial services companies, healthcare systems, and agriculture businesses, generates consistent demand for corporate housing and business travel accommodations. Sioux Falls' namesake waterfalls in Falls Park, along with its vibrant downtown arts district, growing craft brewery scene, and proximity to outdoor recreation areas, attract leisure visitors year-round. The city's business-friendly environment, affordable cost of living, and continued population growth create a stable foundation for rental property investments, while major events like the annual Sculpture Walk and various festivals provide seasonal demand spikes for short-term accommodations.

Rental Seasonality

Sioux Falls exhibits distinct seasonality with peak demand during summer months (June-August) when pleasant weather drives tourism to Falls Park and regional attractions, plus increased business travel. Spring and fall offer moderate demand with visitors enjoying mild temperatures for outdoor activities and hunting seasons. Winter months see reduced occupancy due to harsh weather, though some demand exists from business travelers and indoor event attendees. The market benefits from year-round business travel to corporate headquarters and medical facilities, with special events like the annual arts festival and sporting events creating demand spikes throughout the year.

Top Neighborhoods & Attractions

Downtown Sioux Falls offers visitors immediate access to Falls Park, the SculptureWalk, numerous restaurants and breweries, and the Washington Pavilion arts center, making it the prime location for urban-focused travelers and business visitors. The Cathedral District features beautiful historic homes and tree-lined streets, appealing to visitors seeking a quiet residential atmosphere while remaining close to downtown attractions. Areas near Sanford USD Medical Center and Avera Health systems attract medical travelers, patients' families, and healthcare professionals requiring extended stays. Neighborhoods around the Empire Mall and Louise Avenue corridor provide convenient access to shopping, dining, and entertainment venues, while the nearby Great Bear Recreation Park area appeals to families and outdoor enthusiasts with easy access to skiing, hiking, and recreational activities.

Average Daily Rate

$134

Average Occupancy Rate

51%

Property Management Fees

15% to 30%

Average Annual Revenue

$28,313

Taxes & Regulations in Sioux Falls, South Dakota

Short Term Rental Regulations

As of January 1, 2024, all rental units (short- and long-term) must obtain a residential rental permit with 2-hour training; occupancy and parking standards also apply.

Taxes

Hosts must provide proof of state sales tax license and lodging license; may also need business licensing if revenue thresholds are exceeded.

Ease of Regulation

Moderate | City license/permit, local taxes, and basic standards; otherwise permitted.

Types of Short Term Rental Properties in Sioux Falls, South Dakota

The Sioux Falls short-term rental market features primarily single-family homes in suburban neighborhoods, with many properties being modern constructions or well-maintained split-level and ranch homes. Downtown options include converted lofts and modern apartments near the entertainment district and Falls Park. The market offers family-friendly homes with 3-4 bedrooms in residential areas, executive properties for business travelers, and some luxury homes in upscale neighborhoods. Properties often feature amenities like garages (essential for winter weather), finished basements, and outdoor spaces for warmer months, with many hosts emphasizing comfort and practicality for both leisure and business guests. In terms of amenities, 0.0% of properties have a pool, 7.8% have a hot tub and 83.0% have a washer and dryer.

Bedrooms
Average daily rate
1 bed

$80.48

2 bed

$124.59

3 bed

$165.97

4+ bed

$472.17

Why choose Awning

We have an experienced team and a suite of technology dedicated to providing the best service possible.

Awning logo
Other property managers
Cost
Starting at 10%
25-40%
Host communications
Dedicated phone and text line with no time on hold
Chat bots, hold lines and email threads
Insurance
Robust liability and dwelling coverage for every reservation
Spotty coverage with low claim approval rates
Contract
Pricing
Communication
Management
Maintenance
Reporting
Value

No cancellation fees
No contract lock-in
Just 90 days notice to cancel

Annual contracts with cancellation penalties

Awning logo
Other
Cost
Starts at 5%
25-40%
Host communications
Dedicated phone and text line with no time on hold
Chat bots, hold lines and email threads
Insurance
Robust liability and dwelling coverage for every reservation
Spotty coverage with low claim approval rates
Average guest rating

No cancellation fees
No contract lock-in
Just 90 days notice to cancel

Annual contracts with cancellation penalties

Experience in numbers

Rest well knowing your property is managed by an experienced team powered by world-class technology.

+10-30%

in gross revenue

4.8 stars

guest rating

5+ years

managing STRs

What you get with Awning in Sioux Falls, South Dakota

Taking care of your home

Awning’s team ensures your home is maintained and stocked well and always ready for its next booking.

Making guests happy

With an always available operations and support team, we’re available to take the 2am call about the toilet to make your guest happy.

Attract the most guests

We use our data and best practices to ensure your listing performs as well as possible and makes you the most money.

Unlock your home’s potential

Schedule a call to learn more about Awning’s Short Term Rental Property Management Service.

Connect with a property manager

Get in touch about full-service vacation rental management.

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FAQ

What is vacation rental management?

Vacation rental management is the full operation of a short-term rental property, including listing optimization, booking coordination, guest communication, cleaning, and maintenance to maximize revenue and satisfaction. It’s ideal for owners who want a hands-off income stream. Learn how it works with Awning’s vacation rental management services.

How does Airbnb management work?

Airbnb management covers optimizing your listing, managing bookings and calendars, messaging guests, coordinating cleaning and repairs, and adjusting pricing to drive revenue. A professional manager handles these tasks so owners can stay passive.

What are the benefits of hiring a professional Airbnb manager?

Professional Airbnb managers handle everything from guest inquiries and pricing to maintenance and compliance, resulting in higher efficiency, more consistent occupancy, and better reviews—even while you focus on other priorities. Explore more at Awning’s owner resources.

What is full-service vs half-service vacation rental management?

Full-service management covers everything from listing creation and pricing to guest support, cleaning, and maintenance. Half-service plans handle fewer operational tasks, often leaving cleaning and guest messaging to the owner. See full-service benefits.

Are there restrictions on personal use for properties under Awning management?

Owners can block dates on the calendar for personal use as long as it doesn’t conflict with existing bookings. Discuss your calendar preferences directly with your Awning advisor. Start with Awning contact & advisor scheduling.

How much are Awning property management fees?

Awning’s full-service vacation rental management fees start at 10% of monthly revenue, depending on property type, location, and services needed. This competitive pricing includes core management but may vary with additional offerings. See the full breakdown at Airbnb management fees explained.

What services does Awning vacation rental management offer?

Awning handles all key short-term rental management services, including:

  • Listing optimization & marketing
  • Dynamic pricing models
  • Guest communication & calendar management
  • Cleaning, linen, and restocking
  • Pool, hot tub & lawn maintenance
  • Smart home automation & guidebooks

Explore the full services list at Awning vacation rental management services.

Can Awning help me convert a rental property or home into an Airbnb?

Yes — Awning assists owners from property selection and furnishing to final setup and ongoing management so your home is optimized for revenue on Airbnb and other platforms. Start with Awning’s get started page.

How does Awning compare to Vacasa?

Awning delivers full-service management at a lower starting percentage and greater fee transparency than Vacasa, which typically charges higher rates with additional service costs. See Vaasa Fees explained.

How does Awning compare to Evolve?

Unlike Evolve’s half-service model, Awning provides full operational support including cleaning, pricing, and guest communication for a truly hands-off experience. More on full vs half service.

Does Awning offer insurance for hosts and their properties?

Awning provides tailored insurance options that cover property and income risks related to short-term rental activity. Ask your advisor for a tailored quote.

Will Awning maintain amenities like pools and hot tubs?

Yes — Awning coordinates maintenance for features like pools, hot tubs, and outdoor areas so amenities remain guest-ready and compliant. These are part of Awning’s property maintenance services.

What is the pet policy for properties under Awning management?

Pet policies are set by the property owner. Awning supports owner-defined pet rules and can assist with additional cleaning or maintenance plans as needed. Link to your preferences via Awning support.

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