Acworth, Georgia, presents a promising opportunity for short-term rental investments, with a moderate ROI score of 50, peak booking months in July, and a variety of fully furnished and amenity-rich rentals catering to diverse needs, including digital nomads and travelers.
Thriving Short-Term Rental Market in Acworth, Georgia
Acworth, Georgia, is experiencing a robust short-term rental market, making it an attractive destination for investors and travelers alike. With an ROI score of 50 out of 100, as per Rabbu's data, Acworth indicates a promising return on investment for short-term rentals.
The area sees a peak in bookings during July, suggesting strong summer demand. While specific occupancy rates for short-term rentals are not provided, the overall rental residence occupancy rate in Acworth is 36.2%, which is on par with national averages.
In terms of revenue, the average annual revenue for Airbnb listings in the 30101 zipcode is projected to be substantial, although exact figures are not specified. The presence of 58 active Airbnb listings in this area and the availability of fully furnished rentals with amenities like WiFi, dedicated work spaces, and pet-friendly options further enhance the appeal of short-term rentals in Acworth.
Overall, Acworth's short-term rental market offers a compelling opportunity for both investors and travelers, with its favorable conditions and amenities making it a desirable choice.
Short-Term Rental Regulations in Acworth, Georgia for 2024
Key Regulations
Registration and Licensing
- All short-term rental properties must be registered and obtain a business license, which includes an annual fee.
Zoning Compliance
- Hosts must adhere to zoning laws that may restrict the ability to rent out homes in certain residential areas.
Occupancy Limits
- There are occupancy limits based on the size and number of rooms in the property.
Tax Compliance
- Hosts are responsible for collecting and remitting the appropriate amount of local occupancy tax (hotel/motel tax) on the rental income they earn.
Permit Requirements
- Hosts must obtain a short-term rental permit in addition to the business license.
Guest Management
- Hosts or their agents must ensure that the short-term rental does not disturb the neighbors and must post necessary rules in the rental unit.
Emergency and Maintenance
- Hosts or their management companies must have a system in place to handle emergencies and maintenance issues promptly.
Compliance and Penalties
- It is crucial to stay updated on these regulations as non-compliance can result in fines or other penalties.
High-Revenue Neighborhoods for Airbnb in Acworth, Georgia
Neighborhoods Generating Significant Airbnb Revenue
1. Lake Allatoona Area
- This area is highly appealing due to its proximity to Lake Allatoona, which offers boating, fishing, and other water activities. Properties here often feature lakefront or lake-view amenities, making them highly desirable for guests seeking outdoor recreational activities.
2. Downtown Acworth
- Downtown Acworth is attractive for its charming shops, restaurants, and coffee shops. Guests appreciate the walkability and the quaint, peaceful atmosphere of the area. Properties here are often praised for their convenient location and easy access to local amenities.
3. LakePoint Sports Area
- This area is popular due to the numerous sporting events hosted at LakePoint Sports, attracting families and team gatherings. Properties nearby benefit from the steady stream of guests attending these events and appreciate the convenient access to sports facilities.
4. Neighborhoods Near Local Parks and Historical Sites
- Areas close to Acworth's parks and historical sites are favored for their recreational opportunities and historical charm. These neighborhoods offer a blend of natural beauty and cultural experiences, making them appealing to a diverse range of guests.
Why These Neighborhoods Are Appealing
- Outdoor Activities: Proximity to Lake Allatoona and other outdoor recreational spots makes these neighborhoods ideal for nature lovers and families.
- Convenient Amenities: Easy access to downtown shops, restaurants, and local attractions enhances the guest experience.
- Events and Festivals: The area's frequent events, such as lake-related activities and local festivals, attract a steady stream of guests throughout the year.
- Unique Amenities: Properties offering unique features like lake views, outdoor spaces, cozy fireplaces, and pet-friendly amenities are highly sought after by guests.
- Modern Conveniences: High-quality furnishings, fitness areas, and other modern amenities add a touch of luxury and comfort, making these properties more attractive and Instagrammable.
Creating an Inviting Airbnb in Acworth, Georgia: Design and Furnishing Tips
Understanding Acworth's Unique Style
- Acworth, GA, is known for its outdoor appeal, particularly its proximity to Lake Allatoona and various recreational activities. Reflect this in your design by incorporating elements that resonate with nature and outdoor enthusiasts.
Key Features and Amenities
- Outdoor Spaces: Include decks, pools, or other outdoor areas to capitalize on the city's outdoor appeal.
- Modern Conveniences: Provide fitness areas, high-quality furnishings, and other modern amenities to add a touch of luxury.
Design and Furnishing Tips
Entryway
- Create a welcoming first impression with thoughtful entryway decor. Ensure guests feel special and well-thought-of upon arrival.
Living Room
- Lighting Control: Use lamps and dimmer switches to create a versatile and inviting atmosphere.
- Comfortable Seating: Include soft, clean blankets and pillows. Consider adding a pouf or swivel chairs for a cozy and interactive space.
- Occasional Tables: Ensure each guest has a place to put their drinks and other items.
- Layout: Design the room to evoke conversation and consider adding a cozy reading nook.
Bedroom
- Bedding: Offer high-quality bedding options and provide extra layers in the closet for guest convenience.
- Pillows: Provide multiple pillow options, such as foam-filled and down alternative pillows.
- Temperature Control: Install ceiling fans or other temperature control features.
- Bedside Tables and Lamps: Ensure each guest has a bedside table and lamp, ideally with USB ports or wireless charging features.
- Blackout Shades: Layer windows with blackout shades to cater to different sleep preferences.
Decor Style
- Rustic and Farmhouse Aesthetics: These styles are popular in Acworth as they resonate with the area’s natural surroundings.
- Modern Touches: Incorporate minimalist decor and functional furniture to create a welcoming and stylish environment.
- Local Art and Colors: Add charm with bright colors and local art to make the space unique and memorable.
Additional Amenities
- Pet-Friendly Features: Include amenities that cater to pets, such as pet beds or treats, to attract pet owners.
- Cozy Elements: Add features like fireplaces to enhance the comfort and appeal of the rental.
Neighborhood Considerations
- Lake Allatoona and Local Attractions: Invest in properties near Lake Allatoona and attractions like LakePoint Sports for higher rental income.
- Convenient Amenities: Choose neighborhoods with parks, shopping, and vibrant community features to attract a diverse range of guests.
Practical Tips to Run a Successful Short-Term Rental Business in Acworth, Georgia
To ensure the success and smooth operation of a short-term rental business in Acworth, Georgia, several practical tips are essential. First, it is crucial to comply with local regulations, including noise regulations. Inform your guests about quiet hours through clear communication in both digital and physical house manuals. These manuals should also include essential instructions, Wi-Fi passwords, and other pertinent information to enhance guest convenience.
A simplified check-in process can significantly improve guest satisfaction. Utilize smart locks to eliminate the need for physical key exchanges and provide detailed parking instructions accompanied by photos to avoid any confusion. Additionally, ensure that your property is well-maintained and adheres to local zoning laws and occupancy limits, as outlined by Cobb County regulations.
By focusing on these aspects, you can navigate the competitive market in Acworth effectively, maximize occupancy and revenue, and maintain high guest satisfaction, which is vital for positive reviews and repeat business.
Here is a brief list of house cleaning providers in Acworth, Georgia:
House Cleaning Services in Acworth, GA
Molly Maid of Cherokee County, Kennesaw & Marietta
- Offers residential and commercial cleaning services, including one-time, recurring, move-in, and move-out cleanings.
- Customized cleaning plans based on your needs and preferences.
MaidPro
- Provides weekly, bi-weekly, or one-time house cleaning services tailored to your schedule.
- Customizable maid services to fit your needs.
My Cleaning Angel
- Offers highly recommended house cleaning services with a focus on customer satisfaction.
- Provides various cleaning packages to suit different needs.
Care.com House Cleaning Services
- Lists multiple affordable house cleaning options in Acworth, with rates starting at $17.38/hr.
- Allows you to search and compare local cleaners based on rates, reviews, and experience.
Angie's List House Cleaners
- Compiles a list of top-rated house cleaners in Acworth, GA, with real reviews and ratings.
- Helps you pick the right house cleaners based on user feedback.
Short-Term Rental Management Fees in Acworth, Georgia: A Range of 10%-30% of Rental Revenue
In Acworth, Georgia, the fees for managing short-term rental properties, such as those listed on Airbnb, can vary significantly based on the level of service provided. Full-service management, which includes comprehensive services like guest communication, marketing, and maintenance, typically ranges from 15% to 30% of the rental revenue. For instance, companies like Awning and Summer charge starting fees of 15% and 20%, respectively, with the final pricing adjusted based on factors such as property location, size, and performance.
On the other hand, basic or half-service management, where the property owner handles some of the tasks themselves, can be more cost-effective, starting as low as 10% of the rental income, as seen with companies like Evolve. Additional fees may also apply for services such as cleaning, repairs, or design and furnishing, which can further impact the overall cost of management. Understanding these fee structures is crucial for property owners to make informed decisions about how to manage their short-term rental investments effectively.