In Alpharetta, Georgia, short-term rentals are performing well, with a median occupancy rate of 64%, an average daily rate of $110, and annual host income reaching $25,137, making it a viable option for hosts despite some profitability challenges.
Thriving Short-Term Rentals in Alpharetta, Georgia
Alpharetta, Georgia, is experiencing a robust performance in its short-term rental market, making it an attractive destination for both travelers and investors. With an average daily rate of $211, short-term rentals in Alpharetta are generating significant revenue, totaling approximately $12,999 per month.
The occupancy rate for these rentals stands at a impressive 48%, indicating a high demand for temporary housing in the area. This strong occupancy, combined with the convenient and flexible options available, including fully furnished units and a range of amenities, makes Alpharetta an ideal location for digital nomads, traveling professionals, and those in need of temporary housing.
Short-Term Rental Regulations in Alpharetta, Georgia (As of 2024)
As of 2024, Alpharetta, Georgia, is in the process of considering and drafting regulations for short-term rentals. Here are the key points and proposed regulations based on the current discussions and public hearings:
Proposed Regulations
- Public Hearings and Community Input:
The City of Alpharetta has held public hearings to gather input from residents, owners of short-term rentals, and other stakeholders to inform the drafting of the ordinance.
Modeling After Existing Ordinances:
The initial proposed ordinance is modeled after the Forsyth County short-term rental ordinance.
Potential Restrictions and Requirements:
While the specific details are not yet finalized, it is likely that the ordinance will include requirements such as:
- Obtaining a short-term rental license or permit.
- Compliance with noise and disturbance regulations.
- Possibly limiting the number of short-term rentals in certain areas or wards.
- Ensuring adequate parking and adherence to local zoning and building codes.
Enforcement and Compliance:
- The city may establish mechanisms for enforcing the regulations, including inspections to ensure compliance with safety and other standards.
There could be penalties for non-compliance, such as fines for disturbances or failure to obtain necessary licenses.
Waiting Lists and Caps:
- Similar to other jurisdictions, there might be caps on the number of short-term rentals allowed in certain areas, with waiting lists for capped wards.
Status
- Ordinance Not Yet Finalized:
- As of the latest information, the City Council has not yet presented or approved a final version of the short-term rental ordinance. The city is still in the process of considering comments and issues raised during public hearings.
For the most up-to-date information, it is advisable to check with the City of Alpharetta's official resources or attend any scheduled public hearings and council meetings.
Top Neighborhoods for Airbnb Revenue in Alpharetta, Georgia
While specific neighborhood-level data for Alpharetta, Georgia, is not as detailed as for some other areas, here are some of the top areas and attractions in Alpharetta that are likely to generate significant Airbnb revenue, along with reasons why they are appealing to guests:
1. Avalon
- Appeal: Avalon is a upscale mixed-use development with a blend of shopping, dining, and entertainment options. It offers a vibrant and luxurious experience, making it attractive to guests looking for a high-end stay.
- Revenue Potential: The proximity to amenities and the upscale environment ensure high demand and potentially higher revenue.
2. Alpharetta City Center
- Appeal: The Alpharetta City Center is a hub of community activity, featuring parks, events, and easy access to local amenities. Guests are drawn to its central location and family-friendly atmosphere.
- Revenue Potential: The central location and community events make it a popular choice, leading to higher occupancy rates and revenue.
3. Big Creek Greenway
- Appeal: This area offers a natural retreat with walking and biking trails, making it ideal for guests seeking outdoor activities and a peaceful stay.
- Revenue Potential: The unique blend of nature and accessibility to urban amenities can attract a steady stream of guests, particularly those interested in outdoor activities.
4. North Point Mall Area
- Appeal: Located near the North Point Mall, this area provides easy access to shopping, dining, and entertainment. It is particularly appealing to guests who want convenience and a variety of amenities.
- Revenue Potential: The high foot traffic and demand for accommodations near shopping centers can drive up revenue for Airbnb hosts.
5. Verizon Amphitheatre and Ameris Bank Amphitheatre
- Appeal: These areas are popular due to the frequent events and concerts held at the amphitheaters. Guests attending events often seek nearby accommodations, making these areas highly sought after.
- Revenue Potential: The periodic surge in demand during events can significantly boost revenue for hosts in these areas.
General Appeal of Alpharetta
- Alpharetta's overall appeal lies in its balance of urban and natural environments, making it a versatile destination for various types of travelers. The area's growing popularity, especially around its central attractions and outdoor spaces, ensures a steady demand for short-term rentals.
Discover Alpharetta: Local Attractions and Insider Tips for Your Guests
Parks and Outdoor Activities
- Webb Bridge Park:
- A multi-use park featuring soccer and baseball fields, trails, tennis courts, picnic areas, and a playground.
- Tip: Perfect for families or those looking for a variety of outdoor activities.
- Big Creek Greenway:
- A 6.1-mile concrete path along Big Creek, ideal for walking, jogging, inline skating, and biking. Additional mountain bike trails are available.
- Tip: Access the greenway at various locations, including the Bethelview Trailhead, and enjoy local wildlife and natural surroundings.
- Caney Creek Preserve:
- A wooded open space with picnic facilities, a playground, a dog park, and a 1.5-mile nature trail.
- Tip: Great for nature lovers and those with pets.
- Sawnee Mt. Preserve:
- A 963-acre park known for the Indian Seats rock formation, with hiking trails and a visitor center.
- Tip: Explore the unique rock formations and enjoy the scenic views.
Historical and Cultural Sites
- Historic Mansell House:
- A restored Queen Anne style home offering walking tours of the house and gardens. It serves as a special event facility and is home to the Alpharetta Historical Society.
- Tip: Learn about Alpharetta’s rich heritage and enjoy the beautiful gardens.
- Milton Log Cabin:
- The only remaining building constructed by Future Farmers of America still in use, located on the grounds of Milton High School. It features household items and furnishings from the 19th and 20th centuries.
- Tip: A unique piece of history showcasing life in the late 19th century.
Entertainment and Dining
- Downtown Alpharetta:
- A restored historic district with widened brick sidewalks, offering dining, shopping, and historic buildings from the late 19th century.
- Tip: Visit the Downtown Alpharetta Welcome Center for complimentary brochures and information.
- Avalon:
- A multi-use development with retail space, a 12-screen Regal Cinemas theater, office space, and luxury residences. It also features shopping, dining, and live music year-round.
- Tip: Enjoy a mix of shopping, dining, and entertainment in a vibrant setting.
- Ameris Bank Amphitheatre:
- A 12,000-capacity outdoor venue hosting various acts and serving as the summer home of the Atlanta Symphony Orchestra.
- Tip: Check the schedule for concerts and events during your stay.
Family-Friendly Activities
- Andretti’s Indoor Karting and Games:
- An interactive racing and entertainment venue suitable for family members of all ages.
- Tip: A great place to take the kids for an energetic and fun day out.
- Alpharetta Family Skate Center (The Cooler):
- An ice skating rink that is also home to the Atlanta Sparks special needs hockey team.
- Tip: Enjoy ice skating and support a good cause.
Special Events and Markets
- Alpharetta Farmers Market:
- A weekly farmers' market in the downtown area, open every Saturday from April to October, featuring fresh vegetables, flowers, and edible goods.
- Tip: Visit on Saturdays for a taste of local produce and community spirit.
- Brew Moon Fest and Scarecrow Harvest:
- Annual events held in downtown Alpharetta, celebrating fall with scarecrows and live music.
- Tip: Check the calendar for these festive events if you’re visiting in October.
Other Attractions
- Original Selfie Museum | Alpharetta:
- A photography studio and event venue offering unique selfie opportunities.
- Tip: A fun and quirky spot for memorable photos.
- Horse and Buggy Rides at Crabapple Corner:
- Rent carriages and explore historic Crabapple, located less than 10 minutes from downtown Alpharetta.
- Tip: A charming way to experience the local history and scenery.
Practical Tips to Run a Successful Short Term Rental Business in Alpharetta, Georgia
To ensure the success and smooth operation of a short-term rental business in Alpharetta, Georgia, several key strategies can be implemented:
Noise Regulations and Guest Communication
Inform your guests about noise regulations and quiet hours to maintain a respectful environment for both the guests and the neighbors. Clearly outline these rules in your digital and physical house manual to avoid any misunderstandings.
Comprehensive House Manual
Create a detailed digital and physical house manual that includes essential instructions, Wi-Fi passwords, and other important information. This manual should cover everything from appliance usage to emergency contact details, ensuring guests have all the information they need at their fingertips.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with clear instructions on how to use the smart locks and include photos to help them navigate the property. Additionally, offer parking instructions with photos to ensure guests know where to park and how to access the property.
By implementing these practical tips, you can enhance the guest experience, reduce potential issues, and maintain a well-organized and efficient short-term rental business in Alpharetta, Georgia.
Here is a brief list of house cleaning providers in Alpharetta, Georgia:
House Cleaning Providers in Alpharetta, GA
Merry Maids of North Atlanta Metro
- Offers house cleaning, maid services, deep cleaning, holiday cleaning, housekeeping, green cleaning, small office cleaning, and move-in/move-out cleaning.
- Serves Alpharetta, Johns Creek, Roswell, and surrounding areas.
- Contact: (770) 676-1368.
Tina Maids
- Provides residential cleaning, regular cleaning, deep cleaning, move-in/move-out cleaning, and other customized cleaning plans.
- Serves Alpharetta, Vinings, Sandy Springs, Smyrna, Marietta, and other surrounding areas.
- No contracts or commitments required.
My Cleaning Angel
- Offers one-time cleaning, deep cleaning, move-in/move-out cleaning, post-construction cleaning, recurring cleaning, and vacation rental cleaning.
- Uses eco-friendly cleaning products and provides customizable cleaning services.
- Serves Alpharetta and surrounding areas.
The Maids
- Provides a 22-Step Cleaning Process, including one-time house cleaning, recurring maid services, and move-out cleaning.
- Uses EPA-approved disinfectants and HEPA vacuums.
- Serves Alpharetta, Milton, Roswell, and other nearby communities.
- Contact: (678) 543-9900.
The Cleaning Authority
- Uses a Detail-Clean Rotation System for thorough cleaning.
- Offers free in-home estimates, intensive employee training, and environmentally friendly cleaning products.
- Serves Alpharetta, Roswell, Johns Creek, and surrounding areas.
- Contact: (770) 212-9918.
Alpharetta, Georgia Short-Term Rental Management Fees: A Breakdown of Costs and Services
In Alpharetta, Georgia, short-term rental management fees can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management, which includes comprehensive services such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often starting at around 20% of the rental income.
Basic services, which may only include essential management tasks like rent collection and tenant screening, can be less expensive. Additionally, property owners may incur extra fees for services such as cleaning, repairs, and design enhancements. These additional fees can include mark-ups on maintenance costs, cleaning fees charged to guests, and other administrative or project management fees. Understanding these fee structures is crucial for property owners to manage their expenses and ensure profitability in the short-term rental market.