Airbnb & VRBO Performance in Addison Michigan.

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Addison, Michigan: Airbnb & VRBO Vacation Rental Market Overview

The short-term rental market in Addison, Michigan is thriving, with July being the peak booking month and a limited but highly sought-after inventory of active listings.

Market overview

Thriving Short-Term Rental Market in Addison, Michigan

Addison, Michigan, is experiencing a robust short-term rental market, particularly highlighted by its strong performance on platforms like Airbnb. While specific occupancy rates and average daily rates for the current period are not readily available, the area is noted for its peak booking month in July, indicating a high demand during the summer season. With only 3 active Airbnb listings, the competition is relatively low, suggesting potential for high occupancy rates for available properties. The overall positive trend in the local housing market, with a median sold price increase of 6.4% from last year, further supports the viability and attractiveness of short-term rentals in Addison.

Short Term Regulations

Proposed Short-Term Rental Regulations in Michigan for 2024

While the specific regulations may vary by local jurisdiction, the following are the key regulations proposed in the Michigan House bills that could apply to areas like Addison, Michigan, if enacted:

Registration and Licensing

  • Short-term rental owners must register their properties with the Michigan Department of Licensing and Regulatory Affairs (LARA) and include them in a short-term rental database.

Taxation

  • An additional 6% accommodations tax on top of the existing 6% use tax for short-term rentals used for 15 or more days in a year.
  • An additional 5% excise tax not imposed on hotels and motels.

Safety Regulations

  • Short-term rentals must have listed escape plans, local first responder numbers, fire extinguishers, smoke alarms, carbon dioxide alarms, and an emergency contact listing of someone within 30 miles.

Insurance Requirements

  • Rental owners must insure each rental unit with a minimum of $1 million in liability insurance.

Hosting Platform Regulations

  • Hosting platforms like Airbnb and VRBO must pay an annual registration fee of $100 per listing, capped at $50,000 per year.

Local Regulations

  • Local governments can enact and enforce reasonable regulations, including determining the number of units allowed for short-term rentals, geographical restrictions, and processes for revoking permits.
  • Local governments can enforce zoning decisions but cannot impose a total ban on short-term rentals if there is a demonstrated need for such use in the area.

Penalties

  • Civil fines of up to $1,000 for short-term rental owners who violate the act, and up to $5,000 for hosting platforms.

Additional Requirements

  • Yearly certification and compliance with local ordinances and zoning laws.
  • Hosting platforms prohibited from facilitating bookings for unregistered or unauthorized short-term rentals.
Neighborhood Performance

Top Airbnb Revenue-Generating Neighborhoods in Addison, Michigan

While specific neighborhood data for Addison, Michigan, is not extensively detailed in the sources, we can infer some insights based on the general appeal and characteristics of the area.

Waterfront and Beach Access Properties

  • These properties are highly appealing due to their proximity to water bodies and recreational activities. With an annual revenue of $44,760, waterfront and beach access properties are among the top earners.

Properties with Amenities like Hot Tubs

  • Properties featuring amenities such as hot tubs are also in high demand. These listings generate significant revenue, with an annual income of $36,846, attracting guests looking for a luxurious and relaxing experience.

General Appeal of Addison, Michigan

  • Addison, though a small area, is attractive to guests due to its natural beauty, outdoor recreational opportunities, and the charm of a rural setting. Here are some reasons why these neighborhoods are appealing:
  • Natural Beauty: The area's scenic landscapes and proximity to lakes and other water bodies make it a favorite among nature lovers and those seeking a peaceful getaway.
  • Outdoor Activities: The availability of outdoor activities such as hiking, fishing, and other recreational pursuits adds to the appeal of the region.
  • Rural Charm: The rural setting of Addison provides a serene and tranquil environment, which is often a welcome change for guests looking to escape urban life.

While the sources do not specify exact neighborhoods, the appeal of waterfront, beach access, and amenity-rich properties suggests these are the key areas generating significant Airbnb revenue in Addison, Michigan.

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Design Tips

Creating an Inviting Airbnb in Addison, Michigan: Tips for Furnishing and Design

1. Define Your Property's Aesthetic

Identify the unique style and charm of Addison, Michigan, and reflect this in your decor. Consider the local environment, such as rural landscapes or lake views, to guide your design choices.

2. Make a Plan

Before you start shopping, create a clear plan and theme for your Airbnb. Use inspiration from local architecture, nature, and cultural elements to ensure a cohesive look.

3. Stick to Neutrals

Use neutral colors as the base of your decor to create a versatile and welcoming space. This allows you to add pops of color and local flair through accessories without overwhelming the space.

4. Focus on Functionality and Comfort

Ensure that your furniture is both functional and comfortable. Guests should feel at ease in the space, so choose items that serve multiple purposes and provide a high level of comfort.

5. Shop Secondhand and Budget-Friendly

Explore thrift stores, antique malls, and online marketplaces for unique and affordable decor items. This can help you achieve a local, rustic, or vintage look without breaking the bank.

6. Use Local and Natural Elements

Incorporate local and natural elements such as wood, stone, and plants to bring the outdoors in and reflect the area's natural beauty.

7. Accessories Make the Space

Use accessories like throw blankets, rugs, and wall art to add character and personality to your space. These items can be easily swapped out to update the look seasonally or to match different themes.

8. Protect Your Furniture

Invest in furniture that is durable and easy to maintain. Consider using protective covers or stain-resistant treatments to ensure your furniture remains in good condition despite frequent use.

9. Reflect the Local Culture

Incorporate elements that reflect the local culture and history of Addison, Michigan. This could include local artwork, historical items, or decor that resonates with the community's identity.

10. Attention to Detail

Pay attention to the small details that make a space inviting, such as providing amenities like high-speed internet, comfortable bedding, and a well-equipped kitchen. These details can significantly enhance the guest experience.

Insider Tips

Discover Addison, Michigan: Local Attractions and Insider Tips

Local Attractions

Outdoor Activities

  • McCourtie Park: A nature and wildlife area perfect for hiking, picnics, and exploring the local flora and fauna.
  • Local Parks: Enjoy outdoor concerts, seasonal festivals, and sports competitions in the village's various parks.

Cultural and Historical Sites

  • Addison Community Schools Radio Station: Tune into WQAR-LP "Q95 the Panther" at 95.7 FM, a student-run radio station.
  • Historical Landmarks: While the old grist mill is no longer standing, guests can learn about Addison's rich history through local historical books and community events.

Entertainment and Shopping

  • Michigan Gypsy Boutique: A unique specialty and gift shop offering a variety of local goods.
  • Cherry Creek Cellars: A winery and vineyard where guests can taste local wines and enjoy the scenic views.

Insider Tips

Community Events

  • Outdoor Concerts and Festivals: Check the local calendar for outdoor concerts, seasonal festivals, and sports competitions that take place throughout the year.
  • Meet the Locals: Encourage guests to attend community events to meet the friendly residents of Addison.

Local Eats and Drinks

  • Recommend Local Restaurants: Provide a list of highly-recommended local restaurants and cafes where guests can enjoy authentic Michigan cuisine.
  • Visit Local Breweries and Wineries: Suggest a visit to Cherry Creek Cellars or other local microbreweries for a taste of the region's best beverages.

Exploring the Area

  • Hiking Trails: Direct guests to the nearby hiking trails and nature areas for a day of outdoor adventure.
  • Historical Tours: Offer information on self-guided historical tours of the village, highlighting key landmarks and historical sites.

Community Engagement

  • Addison Community Schools: If guests are interested in local culture, suggest attending a school event or listening to the student-run radio station.
  • Local Markets: Inform guests about any local farmers markets or craft fairs that might be happening during their stay.

By providing these local attractions and insider tips, you can help your Airbnb guests have a more immersive and enjoyable experience in Addison, Michigan.

Practical Tips

Practical Tips to Run a Successful Short-Term Rental Business in Addison, Michigan

To ensure a smooth and enjoyable experience for both hosts and guests in Addison, Michigan, several practical tips can be implemented:

Noise Regulations and Quiet Hours

Inform guests about the local noise regulations and quiet hours to avoid any potential nuisance issues. According to the Village of Addison's ordinances, excessive noise can be deemed a nuisance, so it is crucial to communicate quiet hours clearly in your rental agreement and house manual.

Comprehensive House Manual

Create both digital and physical house manuals that include essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also outline the house rules, including quiet hours, to ensure guests are well-informed and respectful of the property and its surroundings.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with detailed instructions on how to access the property, along with photos of the parking area to avoid any confusion. This approach enhances guest convenience and reduces the likelihood of issues during check-in.

Clear Parking Instructions

Include detailed parking instructions with photos in your house manual to guide guests on where to park their vehicles. This helps prevent parking violations and ensures that guests are aware of any specific parking regulations or restrictions in the area.

By implementing these strategies, you can enhance the guest experience, reduce potential conflicts, and maintain a positive reputation for your short-term rental business in Addison, Michigan.

Local Vendors

Here is a brief list of house cleaning providers in Addison, Michigan:

House Cleaning Providers in Addison, MI

Homeaglow

  • Offers house and apartment cleaning services
  • Professional, affordable, and background-checked cleaners
  • Initial 3-hour clean from $19

Green Bee Natural Cleaning

  • Specializes in residential cleaning in Addison, MI, and the surrounding area
  • Contact for more information

For a more comprehensive list, including other potential services, you may also refer to:

Get Lenawee

  • Provides a list of best cleaning services in Addison, MI, including hours, directions, and deals

Note: There are no listed providers specifically for repair or maintenance services in the given sources.

Management fees

Short-Term Rental Management Fees in Addison, Michigan: A Guide to Costs and Services

In Addison, Michigan, managing a short-term rental property comes with various fees that can significantly impact your revenue. Typically, property management fees for short-term rentals range from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management, which includes comprehensive tasks such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often ranging between 25% to 30% of the rental income. In contrast, basic services may incur lower fees, usually around 10% to 20%. Additionally, property owners may need to account for extra fees for services like cleaning, repairs, and design, which can vary based on the specific needs of the property and the services offered by the management company.

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Why choose RedAwning

RedAwning is a tech leader in full-service short-term rental management, powered by our exclusive, unmatched tools.
Other property managers
Cost
Starting at 10%
25-40%
Guest communications
5-15 mins / 24 hours a day
1 hour+
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
No cancellation fees
No contract lock-in
Just 90 days notice to cancel
Cancellation penalties
Number of Channels Your Listing is On
50+
2-4

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
14+ years
managing STRs

Short Term Rental Calculator

Find out how much your property in Addison should generate as a short term rental and look at the performance of properties around yours.

35,000+ Properties
Hosts stay with RedAwning
1,000,000,00 Nights Booked
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Furnishing checklist

This comprehensive checklist ensures that your rental is guest-ready with all the essentials to create a comfortable and memorable experience in Addison.

Living Room
Seating: Sofa, armchairs, and ottomans
Coffee Table
Entertainment: Smart TV (with streaming apps) and remote control
Decor: Area rug, wall art, plants, and throw pillows
Lighting: Floor lamp or table lamps
Charging Stations: Power strips or outlets with USB ports
Bedrooms
Beds: High-quality mattress with mattress protector
Linens: At least two sets of sheets per bed
Pillows: Hypoallergenic pillows (2-4 per bed)
Blankets: Extra throw blankets or quilts
Nightstands: With lamps or charging docks
Closet or Storage: Hangers, dresser, or luggage rack
Blackout Curtains or Shades
Bathrooms
Towels: Bath towels, hand towels, washcloths (2 sets per guest)
Shower Curtain & Liner
Toiletries: Shampoo, conditioner, body wash, hand soap
Bathroom Essentials: Toilet paper, tissues, trash bin
Hairdryer
Mirror: Full-length or wall mirror
Dining Area
Dining Table: Seating for the maximum number of guests
Place Settings: Placemats or tablecloths
Centerpiece: Vase with flowers or decorative piece
Kitchen
Appliances: Refrigerator, microwave, toaster, coffee maker, kettle
Cookware: Pots, pans, baking trays
Utensils: Forks, knives, spoons, spatulas, tongs
Dinnerware: Plates, bowls, glasses, mugs (2 sets per guest)
Cutting Board & Knives
Basic Spices & Condiments: Salt, pepper, oil
Cleaning Supplies: Sponge, dish soap, paper towels, trash bags
Outdoor Space (if applicable)
Seating: Outdoor chairs, benches, or lounges
Table: For outdoor dining or drinks
Lighting: String lights or outdoor lanterns
Grill: With necessary utensils and instructions
Outdoor Trash Bin
Extras to Elevate Guest Experience
Welcome Basket: Snacks, water bottles, or wine
Guidebook: Local recommendations and house rules
Board Games or Books: Entertainment for guests
Umbrella & Flashlight
Iron & Ironing Board
Laundry: Washer, dryer, and detergent (if available)
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⇤ Airbnb Statistics for Michigan