In Chandler, Arizona, short-term rentals are thriving, with average daily rates of over $218, 55% occupancy, and significant revenue growth, making it an attractive and lucrative market for property owners and investors.
Thriving Short-Term Rental Market in Chandler, Arizona
Chandler, Arizona, is experiencing a robust and lucrative short-term rental market, driven by strong demand and favorable trends. According to recent data, short-term rentals in Chandler are boasting an average daily rate of $218 and an impressive 55% occupancy rate.
This performance is further bolstered by the city's growing population and the abundance of amenities, making it an attractive destination for visitors. The average monthly revenue for these rentals stands at $17,861, highlighting the significant income potential for property owners. With a diverse range of rental options, from entire homes to private rooms, and a high demand for short-term stays, Chandler continues to be an excellent location for investors and homeowners looking to capitalize on the short-term rental market.
Short-Term Rental Regulations in Chandler, Arizona for 2024
Licensing and Registration
- Short-Term Rental License: All short-term rental owners and operators must obtain a license from the City of Chandler. This requirement is effective as of August 1, 2023.
- Transaction Privilege Tax (TPT) License: Hosts must obtain a TPT license from the Arizona Department of Revenue.
- Maricopa County Registration: Register the rental property with the Maricopa County Assessor's Office.
Application and Documentation
- Short-Term Rental Application: Complete a short-term rental application for each property location, providing detailed information about the property, owner, and operational plan.
- Neighbor Notifications: Notify neighbors around and adjacent to the rental property before beginning operations. The city provides a sample notification form and resources to help locate neighbor addresses.
Operational Requirements
- Emergency Contact Information: Display emergency contact information inside the rental unit and ensure it is up-to-date.
- Compliance with Safety Standards: Ensure the rental property adheres to safety standards and neighborhood guidelines.
- Response to Complaints: Hosts must be able to respond to any complaints received by the police department in a timely manner, including arriving on-site within an hour if called by police or code enforcers.
Tax Obligations
- State and City Taxes: Pay state transaction privilege tax and any applicable city taxes. The total tax rate includes a Chandler Hotel/Motel rate of 4.40% and a State of Arizona rate of 7.27%, totaling 11.67%.
Zoning and Usage
- Zoning Compliance: Review and comply with Chandler's zoning requirements, which may limit where short-term rentals can operate.
- Residential Use Only: Short-term rental properties must be used only for residential purposes and cannot be used for nonresidential purposes like events or parties.
Homeowner's Associations (HOAs)
- HOA Restrictions: Homeowner's associations may have the authority to set specific rules that restrict or govern the use of properties for short-term rentals, depending on their bylaws.
Penalties for Non-Compliance
- Civil Penalties: Operating a short-term rental without a license can result in civil penalties, including a fine of up to $1,000 per month.
Renewal and Fees
- Annual License Fee: The short-term rental license must be renewed annually, with fees prorated based on the business start date during the calendar year.
- Renewal Deadline: Annual renewal fees are due by the last business day in June.
Top Neighborhoods for Airbnb Revenue in Chandler, Arizona
1. Downtown Chandler
- Average Daily Rate: $162
- Occupancy Rate: 74%
- Downtown Chandler is highly appealing due to its walkable area, proximity to restaurants, shops, and entertainment venues. Guests praise the location for its convenience and the vibrant atmosphere.
2. North Mountain
- While specific daily rates for North Mountain are not provided, this area is notable for its waterfront properties and scenic views.
- Guests appreciate the relaxing waterfront oases, excellent access to amenities, and convenient locations near hiking trails and sports stadiums.
3. Chandler Fashion Square Area
- This area is popular for its fully equipped condos and proximity to Chandler Fashion Square, entertainment options, and freeways.
- Guests enjoy the rigorous cleaning standards, convenient location, and the beautiful lake community surroundings.
4. Ocotillo Area
- Known for its golf course views and remodeled homes, Ocotillo is a favorite among families and those seeking a desert oasis.
- The area offers spacious homes with multiple bedrooms, private pools, and golf course views, making it ideal for family vacations and relaxation.
5. Camelback East (adjacent areas)
- Although not exclusively in Chandler, adjacent areas like Camelback East offer highly rated rentals with amenities such as SMART TVs, heated pools, and luxurious furnishings.
- Guests appreciate the central location, comfortable beds, and access to Old Scottsdale, Tempe Marketplace, and other nearby attractions.
These neighborhoods are appealing due to their combination of convenient locations, high-quality amenities, and the overall cleanliness and comfort of the rentals, making them highly rated and in-demand among Airbnb guests.
Furnishing and Design Tips for an Inviting Airbnb in Chandler, Arizona
Measuring and Layout
- Start by measuring your rooms to determine the best layout, ensuring there is plenty of space to move around and that natural light sources are not blocked.
Theme and Style
- Adopt a theme that reflects Chandler's unique blend of modern comfort and southwestern charm. Use earthy tones, rustic textures, and vibrant local art to create a welcoming ambiance.
Furniture Selection
- Choose sturdy, durable furniture that can withstand frequent use. Opt for sofas with washable covers and avoid real or faux leather.
- Select a solid bed with a mattress that is at least 8 inches thick, preferably a memory foam mattress for durability and ease of maintenance.
- Use space-saving furniture like sofa beds, folding tables, and ottomans with hidden storage compartments to maximize functionality.
Lighting and Mirrors
- Ensure good lighting throughout the property, and consider adding mirrors to make the space feel bigger and brighter.
Kitchen and Dining
- Equip the kitchen with essentials like a coffee maker, microwave, toaster, and kettle. Include basic cookware, utensils, and dinnerware. Add extras like a good blender and sharp knives.
- Choose a durable dining table and comfy, lightweight chairs that are easy to move around. Darker chairs can hide stains better.
Storage and Organization
- Incorporate smart storage solutions such as beds with drawers, wall hooks, pegboards in the kitchen, and stackable containers to keep the space tidy.
Comfort and Amenities
- Provide high-quality, durable towels in neutral colors and ensure enough storage for guests' toiletries and personal items. Include a hairdryer, basic toiletries, and a first-aid kit.
- Consider adding comfort-oriented features like cozy fireplaces, spa-like bathrooms, and outdoor spaces such as heated pools or spacious backyards.
Technology and Workspaces
- Ensure high-speed internet and consider a Wi-Fi booster for larger properties. Provide a sturdy desk, a comfy chair, and good lighting for guests who need to work.
Accessibility and Safety
- Make your Airbnb accessible to guests with disabilities by including features like ramps, wide doorways, and grab bars in bathrooms. Install smoke detectors, carbon monoxide detectors, and a first aid kit.
Local Touches
- Incorporate elements that reflect the local culture, such as southwestern motifs and vibrant local art, to create an inviting and unique atmosphere.
Maintenance and Durability
- Use mattress covers to protect the mattress, and opt for white linens for a hotel-like feel that can be easily bleached. Avoid mixing whites from different brands for consistency.
- Choose furniture that is easy to clean and maintain, such as sofas with washable covers and high-quality, durable towels.
Local Attractions and Insider Tips for Chandler, Arizona
Top Attractions
Chandler Center for the Arts
- A vibrant arts center hosting a diverse range of performances, including rock and roll legends, GRAMMY® Award winners, and emerging artists.
- Tip: Plan to dine at one of the over 30 local eateries, cocktail bars, and wine lounges within a five-minute walk in Downtown Chandler.
Veterans Oasis Park
- A 100-acre park featuring wetlands, desert habitats, hiking and biking trails, urban birding, fishing, and picnic areas.
- Tip: Explore the self-guided Chandler Solar System Walk and enjoy the Sonoran Sunset concert series from October to March. Ideal for all ages and abilities.
Chandler Museum
- A museum campus with locally produced and nationally traveling exhibits on culture, history, and art. Includes the historic McCullough-Price House.
- Tip: Visit on Saturdays for family activities and grab a meal at one of the many restaurants near the Chandler Fashion Center mall.
Arizona Railway Museum
- An outdoor museum showcasing the history of railroads in Arizona and the Southwest, with restored train cars and original rail company artifacts.
- Tip: Open from Noon to 4:00 PM on Saturdays and Sundays from Labor Day to Memorial Day. Nominal admission fee applies.
Downtown Chandler
- A hub for arts, culture, shopping, gallery hopping, nightlife, and a thriving restaurant scene.
- Tip: Enjoy a stroll through the charming downtown area and explore the various local eateries and shops.
Chandler Fashion Center
- A family-friendly shopping destination with a wide range of stores and dining options.
- Tip: Combine shopping with a visit to the nearby Chandler Museum, located on the outer ring road of the mall.
San Marcos Golf Course
- Arizona’s first grass golf course, offering a historic and challenging golfing experience.
- Tip: Book a tee time in advance to ensure availability, especially during peak golfing seasons.
Crayola Experience
- An interactive attraction where visitors can create their own Crayola products and enjoy various colorful activities.
- Tip: Great for families with children looking for a fun and creative outing.
SanTan Gardens
- A combined brewery and distillery offering tours and tastings.
- Tip: Check the schedule for tours and plan to spend an afternoon sampling local craft beverages.
Escape Chandler
- An escape room facility providing challenging and entertaining puzzles for groups.
- Tip: Book in advance to ensure availability, especially for larger groups or special events.
Additional Tips
- Outdoor Activities: Chandler offers numerous outdoor activities such as hiking, world-class golfing, horseback riding, and hot air ballooning over the Sonoran desert.
- Local Events: Check the local event calendar for concerts, festivals, and other community events that might be happening during your guests' stay.
- Dining: Chandler boasts a diverse dining scene with options ranging from Italian, Asian, pub grub, to premium steakhouses. Recommend exploring Downtown Chandler for a variety of culinary experiences.
By providing these attractions and insider tips, your Airbnb guests can fully enjoy the rich cultural, historical, and recreational offerings of Chandler, Arizona.
Practical Tips to Run a Successful Short Term Rental Business in Chandler, Arizona
To ensure a smooth and successful short-term rental business in Chandler, Arizona, several practical tips can be implemented. First, it is crucial to adhere to noise regulations by informing guests about quiet hours through clear communication in the rental agreement and a digital or physical house manual. This manual should also include essential instructions, Wi-Fi passwords, and other pertinent details to enhance the guest experience.
A simplified check-in process can be achieved by utilizing smart locks, eliminating the need for physical key exchanges and reducing the likelihood of lost keys. Additionally, provide detailed parking instructions accompanied by photos to avoid any confusion and ensure guests can park conveniently.
By proactively addressing these aspects, hosts can build positive relationships with neighbors, comply with local regulations, and offer a seamless and enjoyable experience for their guests, ultimately leading to higher occupancy rates and positive reviews.
Here is a brief list of house cleaning providers in Chandler, Arizona:
House Cleaning Providers in Chandler, AZ
Tidy Casa
- Offers premium customized cleaning services, including standard home cleaning, move-in/move-out, deep spring cleaning, and hourly services.
- Background-checked cleaners and a 200% happiness guarantee.
- Easy online booking and flexible scheduling.
Queen of Maids
- Provides house cleaning and maid services with background-checked and skill-tested cleaners.
- Offers a 100% happiness guarantee and easy online booking.
- Services include standard cleaning, add-on services, and coverage in surrounding areas like Phoenix and Scottsdale.
The Cleaning Authority - East Valley
- Specializes in detailed cleaning using their Detail-Clean Rotation System.
- Offers green cleaning services, flexible scheduling, and a satisfaction guarantee.
- Fully bonded and insured, with services covering Chandler, Mesa, Tempe, and other East Valley areas.
eMaids
- Offers residential and commercial cleaning services, including flat rate and hourly options.
- Provides move-in/move-out cleaning, deep cleaning, and post-construction cleaning.
- All maids are background checked, insured, and bonded, with a 100% satisfaction guarantee.
Chandler, Arizona: Understanding Short-Term Rental Management Fees
In Chandler, Arizona, 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. For instance, companies like Guestable and PURE Property Management offer extensive services that include analytical and hospitality-driven approaches, which can command fees closer to 30% of the rental income.
On the other hand, basic services that may only include listing and tenant placement could cost less, often around 10% to 15% of the rental revenue. Additionally, property owners may incur extra fees for services like cleaning, repairs, or design enhancements, which can further impact the overall cost of managing a short-term rental property in Chandler. Understanding these fee structures is crucial for property owners to effectively manage their expenses and maximize their rental income.