Canton, Ohio, presents a viable opportunity for short-term rental investments, with hosts finding the city's regulations reasonable and the market showing potential for returns, despite some stringent licensing requirements and taxes.
Thriving Short-Term Rental Market in Canton, Ohio
Canton, Ohio, is experiencing a robust short-term rental market, making it an attractive destination for both hosts and investors. While specific data on occupancy and average daily rates for Canton is not readily available in the current sources, the city's regulatory environment is evolving to support this growing sector. Hosts in Canton have found the licensing process to be straightforward and the city's rules reasonable, helping maintain the character of neighborhoods while allowing for a viable income stream.
The city's consideration of regulations to balance host interests with community needs indicates a proactive approach to managing the short-term rental market. With a moderate ROI score of 59 out of 100, as per Rabbu's analysis, Canton presents a promising opportunity for those looking to invest in short-term rentals, suggesting a stable and potentially lucrative market.
Short-Term Rental Regulations in Canton, Ohio for 2024
Licensing and Permits
- Hosts must obtain a short-term rental license from the Canton Township Zoning Department. This license must be prominently displayed at the rental property.
- The application process includes providing detailed information about the property, the owner, and the intended use for short-term rentals.
- Proof of ownership or authorization to rent the property may be required.
- Insurance details may be requested to ensure the property is adequately insured for short-term rentals.
Zoning and Land Use
- Hosts must comply with zoning regulations and obtain necessary permits from the Canton Township Zoning Department before operating a short-term rental.
- Zoning permits are required for various activities, including new construction, accessory buildings, and other property modifications.
Taxation
- Short-term rental hosts must collect a transient occupancy tax from their guests, which is a percentage of the rental rate charged.
Operational Requirements
- Hosts must designate a local responsible agent who is available 24/7 to respond to any issues or complaints within a reasonable time frame, although specific response times are not detailed in Canton regulations, this is a common requirement in similar jurisdictions.
Compliance and Penalties
- Failure to obtain the necessary zoning permits and licenses can lead to penalties, fines, and potential legal consequences.
- Non-compliance with regulations can result in permit revocation and other penalties.
Guest Registration
- While not explicitly mentioned for Canton, maintaining a register of guests is a common practice in many jurisdictions to ensure compliance with local regulations.
State and Local Considerations
- Hosts must be aware of both local and state regulations, as Ohio municipalities are allowed to implement their own short-term rental regulations that may be more restrictive than state standards.
Additional Regulations
- The State of Ohio and local municipalities like Plain Township are involved in the regulatory landscape, with proposed legislation aiming to balance income opportunities with public safety and community considerations.
Top Neighborhoods for Airbnb Revenue in Canton, Ohio
1. North Canton
- Appeal: North Canton is highly appealing due to its picturesque neighborhoods, proximity to amenities, and easy access to major attractions. For example, the area features homes located across from golf courses and is just 0.5 miles from Interstate 77 and Belden Village Mall.
- Revenue Potential: The high rating and frequent bookings of properties like the "Home in North Canton" and "Bright & Airy 1BR near Hall of Fame/Hwy/Airport" indicate strong revenue potential.
2. Downtown Canton
- Appeal: Downtown Canton is attractive for its walkability to key attractions such as the Pro Football Hall of Fame, shopping, dining, and nightlife. Properties like the "Canton HOF House" offer comfortable stays for larger groups and are highly rated for their location and amenities.
- Revenue Potential: The high demand for properties close to the Pro Football Hall of Fame and other downtown attractions suggests significant revenue potential.
3. Canal Fulton
- Appeal: Canal Fulton's historic downtown area is a draw for guests looking for a unique and charming experience. The "Brick Loft in Historic Downtown Canal Fulton" offers panoramic views of the canal and is highly rated for its comfort and inspiration.
- Revenue Potential: The loft's perfect 5-star rating and numerous reviews indicate it is a lucrative option for hosts.
4. Suburbs near Akron/Canton Airport
- Appeal: Areas near the Akron/Canton Airport, such as the suburbs of North Canton, are appealing due to their proximity to the airport, the Pro Football Hall of Fame, and other local attractions like Gervasi Vineyard. Properties like the "Condo in Canton" offer updated amenities and convenient locations.
- Revenue Potential: The high ratings and frequent bookings of these properties suggest they generate substantial revenue.
5. Cuyahoga Falls (adjacent to Canton)
- Appeal: While technically in Cuyahoga Falls, this area is close enough to Canton to be considered. It offers a spacious and wonderfully located apartment experience with easy access to the Riverfront Square and other downtown amenities.
- Revenue Potential: The high ratings and central location of properties like the "Spacious 2 Bdrm, Walk to Downtown/Riverfront Fun" indicate strong revenue potential.
These neighborhoods are popular due to their combination of convenient locations, amenities, and the unique experiences they offer, making them highly appealing to guests and lucrative for hosts.
Tips for Furnishing and Designing an Inviting Airbnb in Canton, Ohio
Understanding Local Regulations
- Before furnishing, ensure you comply with Canton's short-term rental regulations, including obtaining necessary licenses and permits from the Canton Township Zoning Department.
Budgeting and Cost Estimation
- The cost to furnish an Airbnb can vary widely, but a general estimate is $10 to $15 per square foot. For a 1,000 square foot unit, this could be between $10,000 to $15,000.
Choosing the Right Furniture
- Avoid overly common items from places like IKEA and Target, opting instead for unique pieces that reflect the local style. However, some exceptions like Target's Hearth and Hand section can be valuable for specific items like mirrors, jars, and containers.
Statement Pieces
- Invest in statement pieces such as couches, coffee tables, and dining room tables from premium retailers to define the space. These pieces are worth splurging on to create a memorable experience.
Local and Unique Touches
- Incorporate elements that reflect Canton's unique style, such as historic or modern luxuries seen in local homes. For example, adding a fireplace or a well-furnished backyard can enhance the appeal.
Mood Boards and Design Planning
- Use mood boards to plan and visualize your design. This helps in creating a cohesive look and ensuring that all elements work well together.
Essential Amenities
- Include popular amenities that guests appreciate, such as WiFi, a fully equipped kitchen, air conditioning, and free parking. These amenities can significantly enhance the guest experience.
Quality Bedding and Linens
- Invest in good quality bedding and linens. While it's tempting to save money here, 100% cotton sheets from places like IKEA can be a cost-effective and comfortable choice.
Adding Greenery
- Incorporate plants and greenery to liven up the space. World Market is a good source for plants and planters that can add a touch of warmth and hospitality.
Balancing Budget and Quality
- Choose your battles when it comes to budget. Decide which areas of the home should be the focal points and where you can make some sacrifices to stay within budget.
Compliance with Safety Standards
- Ensure the property meets safety and quality standards set by the city, including the installation of smoke detectors and fire extinguishers.
Attention to Detail
- Pay attention to small details such as a fully stocked coffee/tea/hot chocolate bar and complimentary light breakfast, which can make a significant difference in guest satisfaction.
Local Attractions and Insider Tips for Canton, Ohio
Historic and Cultural Attractions
- Pro Football Hall of Fame:
- A must-visit for football fans, featuring interactive exhibits and the annual Enshrinement Festival.
Insider Tip: Plan your visit during the Enshrinement Week for a full immersion in football history and festivities.
McKinley National Monument and Presidential Library & Museum:
- Explore the final resting place of President William McKinley and his wife, and discover a miniature 1800s town and science museum.
Insider Tip: Check out the hands-on science center and the large model train layout within the museum.
National First Ladies Library & Research Center:
- Dedicated to the lives of America's First Ladies, offering a unique historical perspective.
- Insider Tip: Take a guided tour to get the most out of your visit.
Parks and Outdoor Activities
- Atwood Lake Park:
- Enjoy camping, beach activities, hiking trails, and water sports. Rent pontoon boats, fishing boats, or kayaks at the marina.
Insider Tip: Access to the inflatable water park has an additional cost, so plan accordingly.
Sippo Lake Park:
- A great spot for outdoor activities like fishing, hiking, and picnicking.
Insider Tip: Participate in one of the many fishing derbies offered throughout the summer.
Stark Parks:
- Offers various parks and trails, including disc golf courses at Oak Ledges and Arboretum-Spiker Park.
- Insider Tip: Bring your lawn chair and enjoy the Summer Serenades outdoor concerts featuring the Canton Symphony Orchestra.
Wineries and Dining
- Gervasi Vineyard:
- Experience Italian countryside ambiance with grapevines, rolling hills, and live music. Enjoy dinner and a pitcher of sangria.
Insider Tip: Arrive early to walk the grounds and enjoy the scenery before your meal.
Maize Valley Winery:
- Host to the Meet in the Meadow Car Cruise on Thursday evenings during the summer. Enjoy live music and a festive atmosphere.
- Insider Tip: Bring your classic car or bike to join in the cruise.
Arts and Entertainment
- ArtsinStark First Friday:
- Celebrate arts, culture, unique restaurants, and live music in Downtown Canton on the first Friday of each month.
Insider Tip: Explore the local galleries and shops that stay open late for this event.
Canton Museum of Art:
- Free admission on Thursdays from 10AM-8PM. Enjoy a variety of art exhibits and collections.
Insider Tip: Check the museum's calendar for special exhibitions and events.
Canton Palace Theatre:
- Hosts free summer movies in Centennial Plaza on Wednesdays. Also, enjoy live performances and concerts throughout the year.
- Insider Tip: Arrive early to secure good seating for the free movies.
Unique Experiences
- Historic Canal Fulton Scavenger Hunt:
- Solve puzzles and complete challenges as you explore Historic Canal Fulton.
Insider Tip: Purchase the scavenger hunt package and start your adventure at any time.
Umbrella Alley:
- A colorful and Instagram-worthy spot in the heart of Canton.
Insider Tip: Visit during different times of the day to capture unique lighting effects.
Hartville MarketPlace & Flea Market:
- A 200-acre shopping destination with indoor and outdoor shopping, homestyle dining, and local vendors.
- Insider Tip: Plan your visit on a weekend to experience the full range of vendors and activities.
Festivals and Events
- Canton Greek Festival:
- Enjoy Greek cuisine, music, and culture during the first weekend of June.
Insider Tip: Try the traditional Greek dishes and desserts.
Canton Blues Fest:
- Experience live blues music in the heart of Downtown Canton in mid-July.
Insider Tip: Bring a lawn chair to enjoy the music comfortably.
Pro Football Hall of Fame Enshrinement Festival Balloon Classic & Fireworks:
- Witness over 60 hot air balloons and enjoy the fireworks display at the end of July.
- Insider Tip: Arrive early to secure a good viewing spot.
Practical Tips to Run a Successful Short Term Rental Business in Canton, Ohio
To ensure a smooth and successful short-term rental business in Canton, Ohio, several practical tips can be implemented:
Noise Regulations and Guest Communication
Inform your guests about quiet hours and noise regulations to maintain a respectful environment for both the guests and the neighbors. Clearly outline these rules in your house manual and during the check-in process to avoid any misunderstandings.
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 cover house rules, including noise regulations, to ensure guests are well-informed and compliant.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with detailed check-in instructions, including photos of the property and its amenities, to make their arrival as seamless as possible.
Parking Instructions
Include parking instructions with photos in your house manual to help guests understand where and how to park their vehicles. This can prevent confusion and potential issues with neighbors or local authorities.
By following these tips, you can enhance the guest experience, reduce potential conflicts, and ensure your short-term rental business in Canton, Ohio, operates efficiently and responsibly. Staying compliant with local regulations, such as obtaining the necessary licenses and permits, and collecting the required 3% lodging tax, is also crucial for a successful and sustainable business.
Here is a brief list of house cleaning services in Canton, Ohio:
House Cleaning Services in Canton, Ohio
Spotless Hands Cleaning Service
- Specializes in residential and commercial cleaning
- Offers services for kitchens, bathrooms, offices, childcare centers, and more
- Provides all necessary cleaning supplies
- Does not clean carpets, rugs, or furniture.
Omni Cleaning Services
- Provides professional cleaning for homes, workplaces, apartment buildings, move-in/move-out, common areas, entertaining venues, and construction sites
- Offers quick quotes and a wide range of cleaning services.
Molly Maid of Greater Akron and Canton
- Offers one-time and regular cleaning services for residential and commercial properties
- Tailors cleaning services to specific client needs
- Uses the latest cleaning techniques for effective results.
JennyCan's Cleaning
- Provides comprehensive and high-quality cleaning solutions
- Services include residential cleaning, hoarder cleaning, carpet cleaning, apartment cleaning, after renovation cleaning, wash and fold laundry, move-in/move out cleaning, small commercial cleaning, and professional organizing.
Merry Maids
- Offers comprehensive cleaning services with 40 years of experience
- Provides free estimates for their services.
The Cleaning Authority
- Serves homes in Canton, Massillon, North Canton, Uniontown, Hartville, and surrounding areas
- Provides detailed cleaning services, though specific details are not available due to access restrictions.
Short-Term Rental Management Fees in Canton, Ohio: A Guide to Costs and Services
In Canton, Ohio, managing a short-term rental property can incur management fees that typically range from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management companies, such as those offered by GoSummer and Awning, which include comprehensive services like guest communication, marketing, and maintenance, tend to charge fees on the higher end of this spectrum, often starting at 15% to 20% of the revenue.
In contrast, basic services or half-service models, like those from Evolve, may charge lower fees, starting at around 10%, but these often require the property owner to handle additional tasks such as cleaning and guest communication. Additional fees may also apply for services like cleaning, repairs, or design, which can vary based on the property's size, type, and location. Understanding these fee structures is crucial for property owners to ensure they are getting the best value for their investment while complying with Canton's specific short-term rental regulations.