Copper Harbor, Michigan, is experiencing robust short-term rental performance, with a low vacancy rate of 3.3 percent and median nightly prices of $129 on Airbnb and $220 on HomeAway, making it a lucrative destination for property owners and an attractive option for vacationers.
Thriving Short-Term Rentals in Copper Harbor, Michigan
Copper Harbor, Michigan, is experiencing a robust short-term rental market, making it an attractive destination for both hosts and guests. With an inventory of 869 vacation rentals, the area boasts a remarkably low vacancy rate of just 3.3 percent. This high occupancy is driven by the area's diverse recreational opportunities, including boating, kayaking, fishing, hiking, and biking, as well as its vibrant downtown with art galleries and artisan shops. The median nightly rates are impressive, with $129 on Airbnb and $220 on HomeAway, indicating strong demand and lucrative potential for property owners. This combination of high occupancy and favorable pricing makes Copper Harbor an ideal location for those looking to maximize their short-term rental revenue.
Short-Term Rental Regulations in Copper Harbor, Michigan for 2024
While the specific regulations for Copper Harbor, Michigan, are not detailed in the provided sources, we can infer some general regulations and considerations from nearby areas and state-level proposals. Here is a list of regulations that might apply or be relevant:
Zoning Restrictions
- Short-term rentals may be restricted to commercial and business zones only, similar to the ordinance in Lake Township.
Registration and Licensing
- Properties offered as short-term rentals must be registered with the Michigan Department of Licensing and Regulatory Affairs (LARA) and included in a short-term rental database.
Safety and Insurance Standards
- Short-term rentals must comply with safety and insurance standards set by the state, including potential requirements for building, electrical, fire, and MIOSHA inspections.
Local Regulations
- Local units of government may impose additional regulations on short-term rentals, such as restrictions on the number of rentals, occupancy levels, and other local zoning ordinances.
Taxation
- A 6% tax may be levied on units rented for 15 or more days in a year.
Hosting Platform Requirements
- Hosting platforms must have a current and valid registration on file with LARA, pay an annual registration fee, and agree to obtain written consent from owners for the disclosure of required records.
Penalties for Non-Compliance
- Violators may face fines of up to $1,000 for short-term rental owners and up to $5,000 for hosting platforms. Local units of government will receive these fines.
Community Impact Considerations
- Regulations may aim to address issues such as noise, overcrowding, and the impact on long-term housing availability, as seen in other areas like Keweenaw County.
Transitional Period
- Property owners may be given a transitional period, such as until the end of 2024, to comply with new regulations, similar to the approach in Lake Township.
Top Neighborhoods for Airbnb Revenue in Copper Harbor, Michigan
1. Copper Harbor Town Area
- This area is highly appealing due to its proximity to the town's amenities, including historic Fort Wilkins, quaint gift shops, local cuisine, and easy access to outdoor activities. The "Garden Cabin on Lake Fanny Hooe" is a prime example, with a 4.98 out of 5 rating and 236 reviews, highlighting its popularity for being right on the beachfront and within walking distance to town attractions.
2. Lake Fanny Hooe
- This neighborhood is favored for its scenic lakefront properties. Guests love the cabins and homes here for their full kitchens, washer/dryer facilities, and access to shared docks and endless decks to enjoy the outdoors. The tranquil setting and direct access to the lake make it a top choice for those seeking a peaceful vacation.
3. Toivola Area
- Located near Sandy Lake, this area attracts guests with its charming homes and abundant outdoor activities. The "Home in Toivola" with a 4.84 out of 5 rating and 188 reviews, offers amenities like a fire pit, grill, kayaks, and paddleboats, making it ideal for families and outdoor enthusiasts.
4. Hancock and Surrounding Areas
- While not directly in Copper Harbor, nearby Hancock is a popular choice due to its prime location near trails and local attractions. Homes like the "Lovely Place in Prime Location/Near Trails/Hot Tub" with a 5 out of 5 rating and 65 reviews, offer hot tubs and easy access to trails, making them highly appealing for guests looking for a mix of relaxation and adventure.
5. Marquette and L'Anse Areas
- These areas, though slightly further from Copper Harbor, are still popular due to their scenic views and access to local attractions. Properties like "Martha’s Bay View" in L'Anse and "The Perfect Marquette Escape Near Sugarloaf" in Marquette, offer high ratings and reviews, indicating their appeal for guests seeking a broader range of activities and scenic experiences.
Why These Neighborhoods Are Appealing
- Proximity to Local Attractions: Guests appreciate the easy access to historic sites, local cuisine, and outdoor activities.
- Scenic and Natural Settings: Properties located on or near lakes and trails offer a serene and adventurous experience.
- Full Amenities: Homes and cabins equipped with full kitchens, washer/dryers, and other amenities ensure a comfortable stay.
- Outdoor Activities: Access to kayaks, paddleboats, snowmobile and ATV trails, and other outdoor activities makes these areas ideal for families and adventure seekers.
- High Ratings and Reviews: Consistently high ratings indicate a high level of guest satisfaction, further attracting more visitors.
Crafting an Inviting Airbnb in Copper Harbor, Michigan: Design and Furnishing Tips
Embrace the Natural Beauty
- Incorporate Local Materials: Use natural materials such as wood, stone, and copper to reflect the area's mining and wilderness heritage.
- Bring the Outdoors In: Add elements like potted plants, natural fiber rugs, and large windows to blur the lines between indoors and outdoors.
Celebrate the Region's History
- Historical Decor: Incorporate historical artifacts, vintage mining tools, and local artwork to honor Copper Harbor's rich mining history.
- Vintage Accents: Use antique furniture and decor that evoke the era of the copper boom to add a touch of nostalgia.
Reflect the Scenic Views
- Color Palette: Choose a color scheme inspired by Lake Superior and the surrounding landscape, such as blues, greens, and earth tones.
- Nature-Inspired Art: Hang local artwork and photographs that capture the beauty of the Keweenaw Peninsula.
Cozy and Welcoming Atmosphere
- Warm Lighting: Use warm lighting fixtures and candles to create a cozy atmosphere, especially during the colder months.
- Comfortable Textiles: Provide plush blankets, comfortable seating, and soft bedding to ensure guests feel at home.
Functional and Practical Design
- Outdoor Gear Storage: Include storage for outdoor gear such as bikes, kayaks, and hiking equipment to cater to adventure-seeking guests.
- Local Guides and Maps: Provide guides, maps, and brochures highlighting the best trails, attractions, and local spots to explore.
Respect the Local Environment
- Eco-Friendly Choices: Opt for eco-friendly furnishings and cleaning products to align with the community's emphasis on environmental stewardship.
- Sustainable Practices: Encourage guests to follow sustainable practices by providing recycling bins and information on local conservation efforts.
Unique Touches
- Local Crafts and Gifts: Display local crafts, such as agates, gemstones, and copper specimens, to add a personal touch.
- Community Stories: Share stories and history of the area through a guestbook or informational pamphlets to engage guests with the local culture.
By incorporating these elements, you can create an Airbnb that not only reflects the unique style of Copper Harbor but also provides a welcoming and inviting space for your guests.
Discovering Copper Harbor, Michigan: Local Attractions and Insider Tips
Local Attractions
Historical Sites
- Copper Harbor Lighthouse: Explore the historic lighthouse, rebuilt in 1866, and learn about its role in navigating Lake Superior. Accessible via a short boat ride from the Copper Harbor Marina.
- Fort Wilkins Historic State Park: Visit this restored U.S. Army base built in 1844 to experience the daily life and hardships of frontier military service.
- Bammert Blacksmith Shop, Central Mine, Eagle Harbor Lighthouse, Eagle River Museum & Phoenix Church and Museum: These sites, part of the Keweenaw County Historical Society, offer a glimpse into the area's rich mining, nautical, and cultural history.
Natural Wonders
- Brockway Mountain: Enjoy scenic views of the Keweenaw wilderness and Lake Superior from this 1,300-foot peak. Ideal for biking, hiking, and birdwatching, especially during the spring hawk migration.
- Estivant Pines Nature Sanctuary: Explore this 570-acre sanctuary featuring some of the oldest and largest white pine trees in Michigan, with trails for hiking and nature observation.
Outdoor Activities
- Copper Harbor Trails: With over 37 miles of singletrack trails, Copper Harbor is an IMBA Silver Level Ride Center. Perfect for mountain biking, with options for downhill tracks, flow trails, and cross-country riding.
- Kayak Tours and Sunset Cruises: Experience the scenic beauty of Lake Superior with guided kayak tours or relaxing sunset cruises.
- Isle Royale Queen IV: Take a 3-hour ferry ride to Isle Royale National Park, offering a unique adventure across Lake Superior.
Other Attractions
- Keweenaw Mountain Lodge: Built under the Works Progress Administration in 1934, this lodge offers fine dining, gourmet coffee, hiking trails, and a nine-hole golf course with stunning views of Brockway Mountain.
- Hunter's Point: A flat point running into Lake Superior, known for its flora, fauna, and as a stop for migratory birds.
- Lake Fanny Hooe: A scenic lake near Fort Wilkins, known for its historical significance and natural beauty.
Insider Tips
Dining and Local Treats
- Jamsen’s Fish Market & Bakery: Don’t miss the thimbleberry doughnuts, a local favorite, especially when heading to Isle Royale National Park.
Activities for All Ages
- Copper Harbor School Playground: A state-of-the-art playground with multiple slides, climbing rings, a dome, and swings, divided into sections for different age groups.
- Mini-Golf and Golfing: Enjoy a round of golf or play 18 fun holes at the local mini-golf course.
Seasonal Experiences
- Fourth of July Fireworks: Witness the locally notable fireworks show on the Keweenaw Peninsula.
- Birdwatching: Brockway Mountain is a key stop during the spring hawk migration, offering spectacular views of raptors.
Exploring the Area
- Cemeteries and Ghost Towns: Visit local cemeteries with headstones from the early 1800s and explore ghost towns for a historical and eerie experience.
- Scenic Drives: Traverse the winding highways and rustic roads to enjoy breathtaking landscapes and shorelines along Lake Superior.
By sharing these attractions and insider tips, you can help your guests make the most of their visit to Copper Harbor, Michigan.
Practical Tips to Run a Successful Short Term Rental Business in Copper Harbor, Michigan
To ensure a smooth and profitable short-term rental business in Copper Harbor, Michigan, several practical tips can be implemented:
Noise Regulations and Quiet Hours
Inform your guests about local noise regulations and quiet hours to maintain a peaceful environment for both the guests and the neighbors. Clearly outline these rules in your digital and physical house manual to avoid any misunderstandings.
Digital and Physical House Manual
Create a comprehensive house manual that includes essential instructions, Wi-Fi passwords, and other important details. This manual should be both digital (accessible via a shared document or app) and physical (a printed copy available in the rental property).
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 access the property, along with photos of the smart lock and any other relevant entry points.
Parking Instructions with Photos
Include detailed parking instructions in your house manual, accompanied by photos to help guests identify the correct parking areas. This can prevent confusion and potential issues with neighbors or local authorities.
By implementing these strategies, you can enhance the guest experience, reduce potential issues, and maximize your rental revenue in Copper Harbor. Partnering with experienced property management companies, such as RedAwning or Freshwater Vacation Rentals, can also help in managing these aspects efficiently.
Here is a brief list of house cleaning, repair, or maintenance providers in or around Copper Harbor, Michigan:
House Cleaning Services
- Harbor Shores Cleaning Company: Although primarily based in Harbor Springs, they serve surrounding areas and offer residential, commercial, and vacation home cleaning, including sanitizing services.
Biohazard Cleaning Services
- Biotrauma: Provides 24/7 biohazard cleaning services, including homicide, suicide, unattended deaths, and other biohazard situations in Copper Harbor.
General House Cleaning Services
- Various Providers Listed on Porch: Porch.com lists several house cleaning services in Copper Harbor, including reviews, costs, and licensing information.
Air Duct Cleaning Services
- Smile Air Duct Cleaning: Offers air duct cleaning services by trained and professional technicians in Copper Harbor.
Short-Term Rental Management Fees in Copper Harbor, Michigan: A Guide to Costs and Services
Managing a short-term rental in Copper Harbor, Michigan, involves various fees that can range from 10% to 30% of the rental revenue, depending on the level of service chosen. Full-service management companies, such as RedAwning and Freshwater Vacation Rentals, offer comprehensive services including guest communication, marketing, and maintenance, which typically fall on the higher end of this fee spectrum, often between 20% to 30% of the rental income.
Basic services, which might include only listing management and rent collection, can be less expensive, potentially starting at around 10% to 15%. Additionally, property owners may incur extra fees for cleaning services, repairs, and design or furnishing of the property. These additional costs are usually separate from the management fee and can vary based on the specific needs of the property. Understanding these fees is crucial for property owners to maximize their revenue and ensure a smooth rental experience.