Airbnb & VRBO Performance in Conway Arkansas.

Short-Term Rental Regulations in Conway, Arkansas for 2024

Licensing and Permit Requirements

• All short-term rentals must obtain and maintain a Short-Term Rental License to operate within Conway city limits, as per Ordinance O-21-94 effective January 2022.

Application and Documentation

• Applications and related documents must be submitted to the Conway City Clerk’s office. These can be downloaded from the city's website.

Annual Fee

• An annual fee of $100 must be paid to the City of Conway.

Local Designated Representative

• A local designated property representative must be available 24/7 to respond within one hour to complaints regarding the condition, operation, or conduct of occupants of the Short-Term Rental.

A&P Tax Permit

• The property must have an A&P Permit number assigned to it, and A&P taxes must be collected and remitted.

Compliance and Penalties

• Failure to comply with regulations, including payment of taxes, can result in penalties, including a 5% penalty for each month past due up to 35% in aggregate, plus simple interest at the rate of 10% per annum from the delinquency date.

Reporting Requirements

• A report must be filed even if there is no tax due.

Top Neighborhoods for Airbnb Revenue in Conway, Arkansas

1. Downtown Conway

• Appeal: Downtown Conway is highly appealing due to its proximity to shopping, restaurants, and local coffee shops. Properties like the "Old Town Charmer" and "Downtown Charmer" are highly rated for their location, cleanliness, and modern amenities. Guests can easily walk to favorite shops and eats, making it an ideal location for those who want to be in the heart of the action.

2. Old Town Conway

• Appeal: Old Town Conway is favored for its charming, renovated homes such as the "Old Town Charmer." These properties offer a blend of historic charm and modern comforts, including smart TVs, refurbished claw foot tubs, and comfortable mattresses. The area's central location and short walk to downtown amenities make it a guest favorite.

3. University of Central Arkansas (UCA) Area

• Appeal: The area around UCA is popular due to its convenience for students, families, and business travelers. Properties like "The Farris House" and "Remodeled Cozy Apartment Blocks From UCA" are highly rated for their central location, modern amenities, and proximity to the university and Conway Regional Hospital. These rentals often include fully equipped kitchens, dedicated workspaces, and other modern comforts.

4. Lake Beaverfork Area

• Appeal: For those seeking a quieter getaway, the Lake Beaverfork area is appealing. Rentals such as "Relax by the Lake" offer beautiful views of the lake, a quiet deck, and easy access to parks, boat launches, and swimming areas. This area is perfect for guests looking to balance relaxation with proximity to city amenities.

5. Gold Creek and Lake Conway Area

• Appeal: The Gold Creek and Lake Conway area attracts guests with its natural beauty and recreational opportunities. Properties like the "Gold Creek Cabin On Lake Conway" feature docks, kayaks, and stunning views of the lake. This area is ideal for those interested in fishing and outdoor activities.

These neighborhoods are highly sought after due to their unique blend of convenience, amenities, and scenic beauty, making them top generators of Airbnb revenue in Conway, Arkansas.

Furnishing and Design Tips for an Inviting Airbnb in Conway, Arkansas

Understanding the Local Vibe

• Conway, Arkansas, is known for its charming downtown, scenic parks, and a vibrant college town atmosphere. Reflect this in your design by incorporating elements that resonate with the local culture and natural surroundings.

Choosing the Right Furniture

• Opt for Durable and Easy-to-Clean Furniture: Select furniture that is sturdy and easy to maintain, such as sofas with washable covers and dining tables that are resistant to wear and tear.
• Space-Saving Furniture: Use furniture with big functionality, like sofa beds, folding tables, and ottomans with hidden storage compartments to maximize space.

Layout and Storage

• Measure and Plan Your Space: Ensure there is plenty of space to move around and that natural light sources are not blocked. Use smart storage solutions like beds with drawers, wall hooks, and stackable containers to keep the space tidy.
• Provide Ample Storage: Offer guests designated spots for their personal items, such as luggage racks and shelves or cabinets for toiletries and other essentials.

Comfort and Amenities

• High-Quality Bedding: Invest in solid beds with memory foam mattresses, which are more durable and easier to replace than spring mattresses. Use mattress covers and opt for white bedding for a hotel-like feel.
• Essential Amenities: Equip your kitchen with essentials like a coffee maker, microwave, toaster, and kettle. Also, provide a hairdryer, basic toiletries, and a first-aid kit.
• Comfortable Seating: Choose comfy, lightweight chairs that are easy to move around and consider darker chairs to hide stains better.

Decor and Style

• Reflect Local Style: Incorporate a blend of modern, rustic, and bohemian styles that reflect the local vibe of Conway. Consider adding local art and craftsmanship to enhance the property's appeal.
• Use Mirrors: Mirrors can make your Airbnb feel bigger and brighter. Choose mirrors with cool frames for added style and ensure there is a power socket nearby for hair dryers and straighteners.

Accessibility and Inclusivity

• Accessibility Features: Make your Airbnb accessible to guests with disabilities by including features like ramps, wide doorways, and grab bars in bathrooms.

Seasonal Considerations

• Update During Off-Season: Plan furniture updates during the off-season or short gaps between bookings to minimize disruption and keep your place in top shape for guests.

Outdoor and Communal Spaces

• Outdoor Spaces: Provide outdoor areas such as patios or balconies where guests can enjoy the pleasant Arkansas weather. These spaces are highly sought after by guests.
• Communal Spaces: Ensure communal spaces are comfortable and inviting. This includes living areas, game rooms, and dining spaces that can be dressed up with tablecloths, runners, and decorative items.

By following these tips, you can create an inviting and functional Airbnb space in Conway, Arkansas, that reflects the city's unique charm and meets the needs of a diverse range of guests.

Practical Tips to Run a Successful Short-Term Rental Business in Conway, Arkansas

To ensure a smooth and profitable short-term rental business in Conway, Arkansas, several practical tips can make a significant difference in guest satisfaction and compliance with local regulations.

Noise Regulations and Quiet Hours

Inform your guests about the quiet hours and noise regulations in Conway to avoid any complaints or penalties. Include this information in both your digital and physical house manual, and consider posting a notice in the rental property as a reminder.

Comprehensive House Manual

Create a detailed digital and physical house manual that includes 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 neighbors.

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 ensure they have all necessary access codes before their arrival. This not only enhances guest convenience but also reduces the likelihood of check-in issues.

Parking Instructions with Photos

Include detailed parking instructions in your house manual, accompanied by photos to help guests identify the correct parking areas. This is particularly important if the property has specific parking rules or limited parking spaces, helping to avoid confusion and potential parking violations.

By implementing these strategies, you can enhance the guest experience, reduce potential issues, and ensure your short-term rental business in Conway, Arkansas, operates smoothly and successfully.

Here is a brief list of house cleaning services in Conway, Arkansas:

House Cleaning Services in Conway, AR

1. Molly Maid of Greater Little Rock

• Provides professional cleaning services to residents in Conway, AR.

2. All Clean By Anabelle

• Offers trusted house cleaning services with a focus on reducing hassle and stress.

3. Various Providers Listed on Care.com

• Includes 28 affordable house cleaning options in Conway, AR, with rates starting at $15.58/hr.

4. Providers Listed on Angi

• Features a list of the top 10 best house cleaners in Conway, AR, with real reviews and ratings.

5. Providers Listed on Thumbtack

• A definitive list of house cleaning services in Conway, AR, rated by the local community.

Short-Term Rental Management Fees in Conway, Arkansas: A Breakdown of Costs

In Conway, Arkansas, the fees for managing short-term rental properties can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management companies, which handle comprehensive tasks such as guest communication, marketing, booking management, cleaning, and maintenance, tend to charge on the higher end of this spectrum, often starting at around 15% of the revenue.

Basic service packages, which may include fewer services, can be more economical but still incur additional fees for specific tasks like cleaning, repairs, or design enhancements. These extra fees can add up, so it's crucial for property owners to review the management agreement carefully and understand all the costs involved to ensure they are maximizing their rental income efficiently.