Airbnb & VRBO Performance in Beverly West Virginia.

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Beverly, West Virginia: Airbnb & VRBO Vacation Rental Market Overview

Despite the broader U.S. vacation rental market experiencing some declines, Beverly, West Virginia, remains a promising destination for short-term rentals, with its unique attractions, serene natural settings, and favorable market conditions continuing to attract visitors and offer strong investment opportunities.

Market overview

Thriving Short-Term Rental Market in Beverly, West Virginia

Beverly, West Virginia, is experiencing a robust short-term rental market, driven by its appealing natural beauty and tourist attractions. While specific data for Beverly is not readily available, the broader trends in West Virginia and the U.S. vacation rental industry provide a positive outlook. In the late fall season, the U.S. vacation rental market is showing signs of stabilization, with calendar occupancy pacing ahead of last year in October and November.

For West Virginia, cities like Berkeley Springs and other popular tourist destinations are seeing strong demand, with high market grades and promising cash flow potential. For instance, Berkeley Springs boasts a strong market grade of 99/100 and an impressive seasonality score, indicating low seasonality factors and consistent demand throughout the year.

While exact occupancy and average daily rates for Beverly are not specified, the overall trend suggests that short-term rentals in West Virginia are performing well, especially in areas with unique attractions and natural beauty. This makes Beverly an attractive destination for both visitors and investors looking to capitalize on the growing demand for short-term rentals.

Short Term Regulations

Short-Term Rental Regulations in Beverly, West Virginia for 2024

While specific regulations can vary by municipality, here are the general and local regulations that apply to short-term rentals in West Virginia, including those in Beverly:

State-Level Regulations

  • Business Registration Certificate: Obtain a business registration certificate from the West Virginia State Tax Department for each physical location of the short-term rental. This involves completing the West Virginia New Business Registration Application and paying a $30 fee per location.
  • Sales Tax Registration: Register to collect and remit the 6% West Virginia sales and use tax. This is typically included in the business registration process.
  • Tax Obligations: Collect and remit local hotel occupancy taxes, which can vary between 0-6% of the reservation cost, including any added fees. Airbnb may assist in collecting these taxes in some jurisdictions, but hosts are responsible for ensuring full compliance.

Local and Municipal Regulations

  • Municipal Business License: If the property is within city limits, obtain a business license from the local municipality. Check with the city's clerk's office or business licensing department for specific requirements.
  • Zoning Laws: Comply with local zoning laws, which can vary significantly between municipalities. For example, cities like Bolivar, Harpers Ferry, and Charles Town have unique zoning laws that may affect short-term rentals.
  • Homeowners Association (HOA) and Property Deed Restrictions: Ensure compliance with any HOA covenants or property deed restrictions that could impact short-term rental operations.

Additional Requirements

  • Health Department Approvals: If the property is not used as a primary residence, obtain necessary approvals from health departments.
  • Insurance: Adapt insurance policies to account for the nuances of short-term leasing.

Compliance and Enforcement

  • Registration and Licensing Compliance: Ensure all necessary registrations and licenses are obtained to avoid fines, penalties, and legal issues. West Virginia enforces its short-term rental rules, although the level of enforcement can vary by location.
  • Tax Compliance: Stay updated on local tax rules and ensure all tax obligations are met to maintain harmonious operation within the local economy.

Local Considerations

While there are no specific regulations mentioned for Beverly, West Virginia, hosts should:- Check Local Ordinances: Verify any specific ordinances or regulations set by the city of Beverly or Randolph County.- Community Impact: Be aware of local sentiments and potential restrictions on short-term rentals, although West Virginia generally has a friendly stance towards them.

By adhering to these regulations, hosts can ensure they operate their short-term rentals legally and successfully in Beverly, West Virginia.

Neighborhood Performance

Top Neighborhoods for Airbnb Revenue in Beverly, West Virginia

1. Upper Tract

  • Appeal: This area is highly favored for its scenic beauty and outdoor activities. The "Potomac Overlook Log Cabin at Smoke Hole" is a top-rated rental, offering great fishing spots, beautiful scenery, and easy access to Smoke Hole Canyon, Seneca Rocks, and Nelson Rocks for zip lining.

2. Beverly (Downtown/River Area)

  • Appeal: The historic charm of Beverly is a major draw, particularly the "Historic suite for 2 by river" in the Lemuel Chenoweth homestead. This suite, built in 1857, features antiques, a private entrance, and a large porch with views of the Tygart River. Its proximity to Elkins and the historic significance make it a guest favorite.

3. Elkins (Bemis Area)

  • Appeal: The "Trout & About" Cabin in Bemis is popular for its location just off the banks of the Shavers Fork River. Guests enjoy fishing, swimming, hiking to Mule Hole, and taking train rides to High Falls. The area also offers walking and bike trails of the West Fork Rail Trail, making it ideal for those looking to disconnect and unwind.

4. Sugar Grove

  • Appeal: The "Ebenezer Cabin" is a rustic countryside getaway with a private hot tub and cozy loft. It offers good views of the surrounding mountains, easy access to quiet country roads, and frequent wildlife sightings. This cabin is perfect for those seeking a peaceful, technology-free retreat.

5. Riverton

  • Appeal: The unique "Crow's Nest" treehouse in Riverton is a favorite among guests. It provides a secluded and adventurous stay with access to roughly one hundred acres of groomed trails and thousands of acres of National Forest. The seclusion and natural beauty make it an appealing choice for nature lovers.

These neighborhoods are appealing due to their unique blend of natural beauty, historical significance, and outdoor recreational opportunities, making them highly attractive to a wide range of guests.

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Design Tips

Furnishing and Design Tips for an Inviting Airbnb in Beverly, West Virginia

Defining Your Aesthetic

  • Define your property's aesthetic based on Beverly's unique style and your target market. Consider the historic and natural elements of the area to create a cohesive and appealing atmosphere.

Measuring and Layout

  • Measure your rooms carefully to determine the best layout. Ensure there is ample space to move around and that natural light sources are not blocked.

Timeless and Functional Furniture

  • Choose timeless, sturdy pieces that will last. Opt for furniture that is both functional and comfortable, such as storage beds and sofas with washable covers.

Comfort and Convenience

  • Ensure the bed is solid, easy to clean, and has a mattress that is at least 8 inches thick. Consider memory foam mattresses for durability and ease of replacement.
  • Provide high-quality, durable towels in neutral colors that can be bleached, and ensure enough storage for guests' toiletries and personal items.

Smart Storage Solutions

  • Use space-saving furniture with big functionality, such as sofa beds, folding tables, and ottomans with hidden storage compartments. Add beds with drawers, wall hooks, and stackable containers to keep the space tidy.

Enhancing Natural Light and Space

  • Use mirrors to make your Airbnb feel bigger and brighter. A full-length mirror is essential for guests getting ready, and ensure there is a power socket nearby for hair dryers and straighteners.

Dining Area

  • Select a durable dining table that can withstand wear and tear. It doesn’t have to be the best-looking piece, as it can be dressed up with tablecloths, runners, and decorative items. Choose comfy, lightweight chairs that are easy to move around.

Kitchen Essentials

  • Equip your kitchen with essentials like a coffee maker, microwave, toaster, and kettle. Ensure the kitchen is well-stocked and functional for guest use.

Accessibility and Inclusivity

  • Consider making your Airbnb accessible to guests with disabilities by adding features such as ramps, wide doorways, and grab bars in bathrooms.

Adding Local Touches

  • Incorporate local elements and decor that reflect the unique style of Beverly, West Virginia. This could include antiques, local artwork, or furnishings that match the historic and natural ambiance of the area.

Budgeting and Prioritizing

  • Set a budget and prioritize your spending. Focus on statement pieces that define your space, such as the living room furniture, and make sacrifices in other areas if necessary.

Final Touches

  • Add plants and other decorative elements to liven up the space. Ensure all furniture is easy to clean and maintain to keep your Airbnb looking its best over time.
Insider Tips

Discovering Beverly, West Virginia: Local Attractions and Insider Tips

Local Attractions

Historical Sites

  • Beverly Heritage Center: A museum and visitor center that combines four historic buildings to tell the story of the Battle of Rich Mountain, the First Campaign of the American Civil War, and daily life in 19th-century Beverly.
  • Randolph County Museum: Located in the heart of Beverly, this museum showcases the history and culture of Randolph County.
  • Rich Mountain Battlefield: Relive one of the earliest battles of the Civil War and explore its significance in American history.

Historic Buildings and Districts

  • Beverly Historic District: This district encompasses 51 structures, including the Independent Order of Odd Fellows Lodge, the Beverly Store, and other historic buildings that offer a glimpse into the town's past.
  • Goff House Antique and Textile Studio: A historic house turned antique and textile studio, showcasing local crafts and antiques.

Outdoor Activities

  • Monongahela National Forest: Located near Beverly, this forest offers opportunities for hiking, skiing, and other outdoor activities.
  • Tygart Valley River: Enjoy scenic views and outdoor activities along the river, which runs through the town.

Insider Tips

Exploring the Town

  • Walk the Historic District: Take a self-guided tour to see the well-preserved 17th, 18th, and early 20th-century architecture in Beverly.
  • Visit Local Shops: Explore the Beverly Store and other local shops that sell crafts, food products, and souvenirs produced in West Virginia.

Nearby Attractions

  • Cass Scenic Railroad: Just a few miles away, this historic railroad offers rides on Shay and Heisler-type steam locomotives to the summit of Bald Knob.
  • Greenbrier River Trail: Ranked as one of the top ten hiking trails in the U.S., this 75-mile trail parallels the Greenbrier River and features spectacular scenery.
  • Robert C. Byrd Green Bank Telescope: Located about 45 minutes from Beverly, this is the largest fully steerable radio telescope in the world.

Events and Rentals

  • Event Spaces: Consider renting historic locations in Beverly for events such as weddings, family reunions, or organizational lunches.
  • Local Festivals and Events: Check the local calendar for music festivals, historical reenactments, and other community events that showcase the town's culture.

Dining and Shopping

  • Local Cuisine: Enjoy local food products and crafts available at the Beverly Heritage Center gift shop and other local shops.
  • Historic Elegance: Experience the town's historic charm by dining or shopping in the preserved buildings of the Beverly Historic District.

By providing these recommendations, your guests can fully immerse themselves in the rich history, culture, and natural beauty of Beverly, West Virginia.

Practical Tips

Practical Tips to Run a Successful Short-Term Rental Business in Beverly, West Virginia

To ensure a smooth and successful short-term rental business in Beverly, West Virginia, several key practices can be implemented. First, it is crucial to address noise regulations by informing guests about quiet hours through clear communication in the rental listing and a digital or physical house manual. This manual should also include essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information.

A simplified check-in process can significantly enhance the guest experience. Utilizing smart locks eliminates the need for physical key exchanges, allowing guests to check in at their convenience. Additionally, provide detailed parking instructions accompanied by photos to help guests navigate the property easily.

By adhering to these tips, you can create a welcoming and well-organized environment that fosters positive guest reviews and repeat bookings, ultimately contributing to the success of your short-term rental business in Beverly, West Virginia.

Local Vendors

Here is a brief list of house cleaning, repair, or maintenance providers in Beverly, West Virginia:

House Cleaning Services

  • Panhandle Cleaning & Restoration: Although primarily based in the Panhandle region, they also serve areas including West Virginia. They offer professional maid services, green cleaning solutions, and flexible scheduling.
  • House Cleaning Services by Maid It Home: Provides housekeeping and maid services in Beverly, WV.

General Cleaning and Maintenance

  • Various Contractors Listed on Angi: A list of top-rated home cleaning services in Beverly, WV, with reviews and ratings.
  • Various Contractors Listed on Yellow Pages: A list of cleaning contractors in Beverly, WV, including reviews and contact information.

Note

  • Sparkling and Beyond: Primarily focuses on janitorial services for businesses and commercial properties in Beverly, WV, but may not specifically cater to residential house cleaning.
Management fees

Managing Short-Term Rentals in Beverly, West Virginia: Understanding Fees and Services

In Beverly, West Virginia, managing short-term rentals involves a range of fees that can significantly impact your rental income. Typically, short-term rental management fees 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 from 20% to 30%. In contrast, basic services may incur lower fees, usually around 10% to 15%. Additionally, property owners may need to account for extra fees related to cleaning, repairs, or design enhancements, which can further affect the overall cost of management. Understanding these fee structures is crucial for maximizing profitability and ensuring the smooth operation of your short-term rental property in Beverly.

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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 Beverly should generate as a short term rental and look at the performance of properties around yours.

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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 Beverly.

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 West Virginia