Short Term Rental Management in Newark, New Jersey

Short Term Rental Management in Newark

Awning offers full-service vacation rental property management for busy vacation rental owners and Airbnb hosts in Newark, New Jersey. Starts at 15% of revenue.

Newark, New Jersey

Newark, New Jersey is an ideal location for Airbnb hosts because of its proximity to New York City, diverse cultural scene, and thriving business community. People stay at Airbnb's here to explore the city's attractions, attend events and conferences, and visit family and friends.

Newark experienced significant growth in guest arrivals, with its proximity to New York City being a key factor driving appeal as it's located just a short train ride from Manhattan. The market benefits from consistent business travel due to Newark Liberty International Airport and corporate presence, creating steady year-round demand. Peak periods align with major NYC events, conventions, and tourist seasons when visitors seek more affordable accommodations than Manhattan hotels. Holiday seasons and summer months see increased leisure travel, while the airport location drives continuous business traveler demand. The market experiences less seasonal variation than pure tourist destinations due to its business travel foundation and transportation hub status.

STRs allowed only in qualifying principal residences (e.g., condos), and require an annual permit ($250) from Department of Engineering under Chapter 18:14. Fire & safety compliance also mandated.(eCode360, Newark City Government, BNB Calc, newarknjstr.munirevs.com, Airbtics | Airbnb Analytics)

Managing an Airbnb in Newark can be challenging due to the competition in the market and the need to comply with local and state regulations. A professional Airbnb management company can help by providing services such as marketing, guest communication, and property maintenance. They can also ensure that hosts stay in compliance with all regulations and laws.

The most sought-after amenities in Newark include proximity to public transportation to New York City, access to cultural events and attractions such as the Newark Museum of Art and the New Jersey Performing Arts Center, and convenient parking. Prime locations for Airbnb properties include those in the downtown area, which offers a variety of shops and restaurants, and those close to public transportation.

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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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Newark, New Jersey

Newark is New Jersey's largest city with a population of approximately 311,000 and serves as a major transportation hub and cultural center in the New York metropolitan area. Located just eight miles from Manhattan, Newark offers visitors access to world-class cultural institutions, diverse neighborhoods, and significant historical sites while providing a more affordable alternative to New York City. The city has a rich history dating back to 1666 and has been home to many notable figures in business, arts, and politics. Newark's economy is built around transportation (including Newark Liberty International Airport), healthcare, education (Rutgers University), and finance, while recent revitalization efforts have brought new investment, cultural venues, and residential development to the downtown area.

Rental Seasonality

Newark experienced significant growth in guest arrivals, with its proximity to New York City being a key factor driving appeal as it's located just a short train ride from Manhattan. The market benefits from consistent business travel due to Newark Liberty International Airport and corporate presence, creating steady year-round demand. Peak periods align with major NYC events, conventions, and tourist seasons when visitors seek more affordable accommodations than Manhattan hotels. Holiday seasons and summer months see increased leisure travel, while the airport location drives continuous business traveler demand. The market experiences less seasonal variation than pure tourist destinations due to its business travel foundation and transportation hub status.

Top Neighborhoods & Attractions

The downtown area features the New Jersey Performing Arts Center and Prudential Center, while the Ironbound district (also known as Down Neck) offers authentic Portuguese and Brazilian culture with excellent restaurants and markets. The University Heights area surrounding Rutgers University provides collegiate atmosphere, while neighborhoods like Forest Hill showcase beautiful early 20th-century architecture. Key attractions include the New Jersey Performing Arts Center (NJPAC), one of the largest performing arts centers in the United States, the Prudential Center (home to the NHL's New Jersey Devils), and the Newark Museum of Art, which houses an impressive collection including American art, decorative arts, and a planetarium. The Cathedral Basilica of the Sacred Heart is considered one of the finest examples of Gothic Revival architecture in America, while Branch Brook Park features the largest collection of cherry blossom trees in the United States, creating spectacular spring displays. Newark's proximity to New York City via multiple transportation options makes it an excellent base for exploring the broader region while experiencing authentic urban culture and diverse communities.

Average Daily Rate

$205

Average Occupancy Rate

68%

Property Management Fees

15% to 30%

Average Annual Revenue

$30,683

Taxes & Regulations in Newark, New Jersey

Short Term Rental Regulations

STRs allowed only in qualifying principal residences (e.g., condos), and require an annual permit ($250) from Department of Engineering under Chapter 18:14. Fire & safety compliance also mandated.(eCode360, Newark City Government, BNB Calc, newarknjstr.munirevs.com, Airbtics | Airbnb Analytics)

Taxes

Hosts must register/supply taxes; platforms may remit on hosts’ behalf if applicable.(Avalara, RedAwning)

Ease of Regulation

Difficult | Permit, safety compliance, combined with state and local tax obligations, make regulation stringent.

Types of Short Term Rental Properties in Newark, New Jersey

Newark's short-term rental market serves business travelers and budget-conscious NYC visitors with a mix of modern apartments near transportation hubs, converted historic properties in revitalized neighborhoods, and business-friendly accommodations near the airport and corporate centers. The inventory includes high-rise apartments with Manhattan views, practical accommodations designed for extended business stays, and family-sized units for travelers needing multiple bedrooms. Many properties emphasize convenience to public transportation, with features like early check-in for airport travelers, business amenities for corporate visitors, and easy access to NYC while offering significant cost savings over Manhattan accommodations.

Bedrooms
Average daily rate
1 bed

$104

2 bed

$138

3 bed

$186

4+ bed

$249

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 15%
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 Newark, New Jersey

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.

Schedule a call
Call or text 415-223-2830

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 refers to the comprehensive management and operation of a short-term rental property, typically for vacationers or other transient guests. This includes managing bookings, coordinating cleaning and maintenance services, and ensuring the property meets all legal and safety requirements. A vacation rental manager is responsible for overseeing all aspects of the rental process, including marketing and advertising the property, communicating with guests, and collecting payments. They also ensure the property is fully furnished and equipped with essential amenities and supplies. A well-managed vacation rental can lead to positive guest experiences, increased bookings, and higher rental income.

How does Airbnb management work?

Airbnb management involves overseeing all aspects of an Airbnb property's operations, including managing bookings, guest communications and cleaning and maintenance services. An Airbnb management service handles the day-to-day tasks associated with renting out a property, freeing up the property owner's time and resources. Airbnb managers may also provide additional services such as professional photography, pricing optimization, and guest screening. The manager typically charges a fee or commission based on a percentage of the rental income, and the property owner retains ownership and control of the property. Effective communication between the Airbnb manager and property owner is crucial to ensure the property is managed in line with the owner's goals and preferences.

What are the benefits of a professional Airbnb manager?

Hiring a professional Airbnb manager can offer several benefits for property owners, including increased efficiency, improved guest satisfaction, and higher rental income. A professional manager can handle all aspects of the rental process, including marketing, booking management, guest communication, and property maintenance. This frees up the owner's time and resources, allowing them to focus on other priorities. An experienced manager can also optimize pricing and occupancy rates, leading to increased rental income. Additionally, a professional manager can ensure the property is well-maintained, clean, and fully equipped with essential amenities, leading to positive guest experiences, positive reviews, and ultimately, higher bookings.

What is full-service vacation rental management?

Full-service vacation rental management refers to a comprehensive property management service that handles all aspects of renting out a short-term rental property for vacationers or other transient guests. A full-service vacation rental manager provides a turnkey solution for property owners, including marketing and advertising the property, managing bookings and coordinating cleaning and maintenance services. This type of management service typically includes professional photography, pricing optimization, and guest screening to ensure the property is marketed effectively and generates maximum rental income. A full-service vacation rental manager provides a hassle-free approach to managing a short-term rental investment, enabling owners to maximize their rental income without the time and effort required to manage the property themselves.

What additional benefits are there to full-service vs half-service management?

Full-service vacation rental management offers several additional benefits compared to half-service management, including:

  • Time and effort savings: Full-service management companies handle all aspects of renting out a property, including marketing, booking management, and maintenance, freeing up the owner's time and resources.
  • Increased rental income: Full-service managers typically have extensive experience in rental property management, allowing them to optimize pricing, occupancy rates, and guest satisfaction, leading to higher rental income.
  • Professional marketing and guest screening: Full-service management companies provide professional marketing and guest screening services, resulting in more bookings, higher-quality guests, and fewer cancellations.
  • Streamlined maintenance and repairs: Full-service managers handle all aspects of property maintenance and repairs, ensuring the property is well-maintained and guest-ready, leading to higher guest satisfaction and positive reviews.

Overall, full-service vacation rental management provides a turnkey solution for property owners, providing a hassle-free approach to maximizing rental income and guest satisfaction.

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

Personal use of the property is based on the annual revenue and other considerations, book a call with an advisor to learn more. As an Airbnb management company, Awning typically provides flexibility for property owners to use their properties for personal use as desired, provided that it does not conflict with existing bookings or maintenance schedules. It's important for property owners to review the management agreement and communicate any personal use plans with the management company to ensure that there are no issues or conflicts. If the property owner has any questions or concerns about personal use policies, they should discuss these with the management company to clarify any questions or concerns.

How much are Awning property management fees? What do they depend on?

Awning property management fees typically start at 15% of revenue and vary based on several factors such as property size, type, location, and annual estimated or realized revenue. The specific management fees may vary based on the unique characteristics of the property and the level of service required. Awning provides a comprehensive range of management services, including marketing, booking management, guest communication, cleaning, and maintenance, among others. The management fees charged are a percentage of the revenue generated by the property, with a percentage ranging from 15% and higher based on the factors mentioned above.

Where is Awning Vacation Rental Management available?

Awning Vacation Rental Management is available in all 50 states. As a national vacation rental management company, Awning provides services to property owners across the United States, offering a comprehensive range of management services that include marketing, booking management, guest communication, cleaning, and maintenance. Awning has a team ofAwning Vacation Rental Management is available in all 50 states. As a national vacation rental management company, Awning provides services to property owners across the United States, offering a comprehensive range of management services that include marketing, booking management, guest communication, cleaning, and maintenance. Awning has a team of experienced vacation rental professionals who have extensive experience in managing short-term rental properties, ensuring that the properties are marketed effectively, guest satisfaction is high, and rental income is maximized. 

What services does Awning vacation rental management offer?

Awning Vacation Rental Management offers a wide range of services to property owners, including:

  • Hot Tub Maintenance
  • Pool Maintenance Service
  • Cleaning Service
  • Lawn Maintenance Service
  • Check In/Out Management
  • Marketing
  • Supplies & Restocking
  • Dynamic Pricing
  • Laundry Service
  • Home Automation
  • Messaging Service
  • Calendar Management
  • Linen Service
  • Guidebook
  • Listing Optimization

Additionally, Awning offers guests additional services that they can purchase, including design, furnishing, and installation services, as well as insurance options. The company aims to provide comprehensive, full-service vacation rental management that takes care of all aspects of property management, allowing property owners to maximize their rental income without the hassle of managing the property themselves.

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

Yes, Awning Vacation Rental Management can help property owners convert a rental property or home into an Airbnb rental. Awning provides a comprehensive range of services that include finding, analyzing, and purchasing a vacation rental property, as well as furnishing it and managing it as an Airbnb rental. The company can help property owners through every step of the process, from identifying the ideal property to purchase and preparing it for rental, to managing bookings, guest communications, and property maintenance. Awning's team of experienced vacation rental professionals can provide personalized recommendations and guidance throughout the conversion process, ensuring that the property is optimized for maximum rental income and guest satisfaction.

Does Awning manage condos on Airbnb?

Yes, Awning Vacation Rental Management manages condos on Airbnb. As a full-service vacation rental management company, Awning has extensive experience managing all types of vacation rental properties, including condos, apartments, single-family homes, and more. The company's team of experienced professionals can handle all aspects of managing a vacation rental property, from marketing and advertising to managing bookings and coordinating cleaning and maintenance services. Awning has experience managing properties in various locations and can customize its services to meet the unique needs of each property and owner. Whether you own a single condo or multiple units, Awning can help you maximize rental income and guest satisfaction.

How does Awning compare to Vacasa?

Awning offers as many services as Vacasa at a lower price point and with more transparency. Rates for Awning property management start at 15% of revenue and all of the expenses incurred in managing the property are billed directly to the owner for full transparency. 

How does Awning compare to Evolve?

Evolve is a half-service property manager. While it charges a lower rate starting at 10% it leaves the vast majority of the work for the owner of the property, like cleaning, guest communication, and property maintenance. 

How does Awning handle emergencies at the property?

Awning Vacation Rental Management handles emergencies at the property promptly and effectively. The company has a network of local professionals who can respond quickly in case of an emergency, typically within one hour or less. This ensures that any issues or emergencies are handled promptly, minimizing the impact on the guest experience and the property owner's reputation. Additionally, Awning's team is available 24 hours per day to assist guests with any issues that may arise during their stay, from maintenance issues to guest complaints. This ensures that guests are well taken care of, which can lead to positive reviews and increased rental income. Awning's commitment to providing high-quality emergency management services is one of the key reasons why property owners choose the company to manage their vacation rental properties.

Does Awning offer insurance for hosts and their properties?

Yes, Awning Vacation Rental Management offers insurance for hosts and their properties. The company provides insurance options that cover both the property and the vacation rental income, protecting the host from the financial risk of any activities on the property conducted in connection with running the Airbnb rental. The specific insurance rate may vary depending on the unique characteristics of the property and the level of coverage required. Awning can provide customized insurance solutions that meet the specific needs of each property and owner, providing peace of mind and protecting the property and the host from any unforeseen issues or liabilities. Property owners interested in learning more about Awning's insurance options can contact the company for more information.

Does Awning offer assistance with furnishing?

company provides professional design and furnishing services that are specifically tailored to meet the needs of vacation rental properties. Awning's team of experienced professionals can work with property owners to select and install furnishings and decor that are functional, durable, and aesthetically pleasing, ensuring that the property stands out in the competitive vacation rental market. By providing professional design and furnishing services, Awning enables property owners to create a unique and attractive space that is optimized for maximum guest satisfaction and rental income. The company's furnishing services are designed to save property owners time and effort, allowing them to focus on other aspects of managing their vacation rental properties.

Will Awning maintain amenities like pools and hot tubs for hosts?

Yes, Awning Vacation Rental Management will maintain amenities like pools and hot tubs for hosts. The company provides a comprehensive range of maintenance services, including pool and hot tub maintenance, lawn maintenance, cleaning services, and more. Awning's team of experienced professionals can ensure that all amenities are well-maintained and guest-ready, minimizing the risk of issues or problems that could impact the guest experience. By providing maintenance services, Awning enables property owners to focus on other aspects of managing their vacation rental properties, such as marketing, guest communication, and booking management, while ensuring that the property is well-maintained and optimized for maximum rental income.

How quickly can Awning take over management of a property?

The timeline for Awning Vacation Rental Management to take over management of a property can vary depending on the property's current state and the services required. If the property is already operating as an Airbnb, Awning can take over management within a few days, assuming that all necessary information and access is provided. For new properties that need to be set up for vacation rental management, the process can take between 1-4 weeks, depending on the specific needs of the property, such as the installation of smart locks or other amenities. For properties that require design and furnishing services, the setup process can take longer, typically 6-8 weeks to get them live. During the setup process, Awning's team works closely with property owners to ensure a smooth transition and minimize any disruption to existing bookings or rental income.

Does Awning use technology to price my home?

Yes, Awning Vacation Rental Management uses technology to price vacation rental properties. As a technology-driven company, Awning has access to the best Airbnb data, which it uses to build tools for its hosts, investors, and internal use. Pricing is handled by Awning's team of experienced professionals, who use data-driven insights to ensure that the property's revenue is maximized while minimizing risks such as property damage, canceled bookings, and wear and tear. Awning's pricing strategies are designed to be dynamic, taking into account factors such as demand, seasonality, and local events to ensure that the property is priced competitively and generates maximum rental income. By leveraging technology and data, Awning can provide personalized pricing strategies that are tailored to the specific needs and characteristics of each vacation rental property.

What is the pet policy for homes under Awning management?

The pet policy for homes under Awning Vacation Rental Management is determined by the property owner. Awning follows the desired pet policy of the property owner, which can vary depending on the owner's preferences and the specific characteristics of the property. Some property owners may choose to allow pets, while others may prefer to restrict pets or prohibit them entirely. Awning can work with property owners to establish a pet policy that meets their specific needs and goals, while also ensuring the comfort and safety of guests and the property itself. If pets are allowed, Awning can provide guidance on best practices for pet management, such as additional cleaning and maintenance services, to minimize any potential issues that may arise from having pets in the rental property.