The short-term rental market in Fayetteville, Georgia, is thriving, with an average occupancy rate of 46%, a daily rate of $196, and monthly revenue of $9,931, driven by its unique blend of Southern charm, modern amenities, and proximity to popular attractions like Pinewood Atlanta Studios.
Thriving Short-Term Rental Market in Fayetteville, Georgia
Fayetteville, Georgia, is experiencing a robust and vibrant short-term rental market, driven by its unique blend of Southern charm and modern amenities. The city, located just 22 miles south of Atlanta, boasts an average occupancy rate of 46%, indicating a strong demand for short-term rentals. The average daily rate stands at $196, with monthly revenues averaging $9,931, reflecting the market's health and profitability.
The peak season, which spans from late spring through the summer months, sees a significant influx of tourists attracted to local attractions such as the Southern Hollywood Film Tour and the Fayetteville Antique Mall. Even during the off-peak season, the presence of Pinewood Atlanta Studios ensures a steady stream of guests. This balanced demand, coupled with the city's rich history, picturesque landscapes, and diverse range of rental properties, makes Fayetteville an attractive and lucrative destination for both hosts and guests.
Short-Term Rental Regulations in Fayetteville, Georgia for 2024
Registration and Licensing
- All short-term rental properties must be registered and obtain a business license.
Taxation
- Hosts are required to collect and remit a 5% hotel/motel tax on all bookings, which is not automatically collected by Airbnb.
Zoning and Residential Restrictions
- Certain residential areas may have restrictions or prohibitions on short-term rentals due to zoning laws.
- Homeowners' association (HOA) rules or lease agreements may further restrict the ability to host on Airbnb.
Permitting
- Properties must obtain a Tourist Accommodation Permit to lawfully operate. Advertising and renting must be discontinued until this permit is obtained.
Operational Requirements
- Hosts must ensure compliance with local regulations to avoid potential fines or legal issues.
Guest Management
- No special events or parties are allowed in short-term rental properties, similar to neighboring city regulations which could be indicative of local preferences.
Contact and Emergency Information
- A local contact person may be required, though specific details on this requirement are not explicitly stated for Fayetteville, it is a common practice in other areas.
Seasonal and Year-Round Compliance
- Understanding seasonal trends (peak season from late spring to summer, off-peak in winter) is crucial for optimizing pricing and occupancy rates. The presence of Pinewood Studios provides a steady stream of guests year-round.
Additional Fees
- Hosts may charge additional fees, such as a consumables fee, to cover costs like linens, toiletries, and other consumable items.
Grandfathering and Caps
- While the specifics for Fayetteville are not detailed, neighboring cities have rules that grandfather existing short-term rentals under certain conditions. Fayetteville may have similar caps or grandfathering provisions, especially given the mention of permitted short-term rentals reaching a cap.
Top Neighborhoods Generating Airbnb Revenue in Fayetteville, Georgia
1. Atlanta (Various Neighborhoods)
- Despite not being directly in Fayetteville, several neighborhoods in Atlanta are highly popular due to their proximity and amenities. Neighborhoods like Vinings, East Atlanta, Buckhead, and Midtown are favorites among guests.
- Appeal: These areas offer easy access to restaurants, shopping, and entertainment. For example, Vinings Jubilee is a walk-friendly neighborhood with numerous restaurants, festivities, and concerts, and it is close to Truist Park and other major Atlanta attractions.
2. Marietta
- Marietta is another nearby city that attracts a significant number of Airbnb guests.
- Appeal: It offers a stylish retreat with art deco influences, central location, and proximity to Marietta's popular attractions, dining spots, and cultural gems. The area is also close to I-75 and Truist Park, making it convenient for travelers.
3. Smyrna
- Smyrna is known for its family-friendly and pet-friendly rentals.
- Appeal: Rentals in Smyrna, such as the Lake Laurel Lux retreat, offer spacious accommodations, lake views, and a welcoming atmosphere for both families and pets. The area is also known for its safety and community amenities.
4. Decatur
- Decatur is a popular choice for guests looking for a comfortable and convenient stay.
- Appeal: It offers guesthouses like the Treetop Guesthouse, which is conveniently located between Emory/CDC and downtown Decatur/MARTA station. These rentals are renovated with modern amenities and provide a light-filled, spacious living area.
5. Peachtree City and Surrounding Areas
- While not exclusively in Fayetteville, nearby cities like Peachtree City and Sharpsburg are also generating significant Airbnb revenue.
- Appeal: These areas offer a mix of urban and suburban living with amenities such as patios, pools, and free parking. They are appealing due to their quieter atmosphere while still being within reach of major attractions in Atlanta.
These neighborhoods are appealing to guests due to their combination of location, cleanliness, and a range of amenities such as kitchens, WiFi, pools, and free parking. They offer a balance between convenience to major attractions and a comfortable, welcoming living environment.
Furnishing and Design Tips for an Inviting Airbnb in Fayetteville, Georgia
Choose Sturdy, High-Quality Furniture
- Opt for solid wood over particle board and select dressers with easy-to-open drawers to ensure durability and ease of use.
Select Easy-to-Clean Furniture
- Prioritize furniture that is easy to clean and maintain. For items like sofas, consider those with washable covers, and use ScotchGuard for fabric protection.
Ensure Functional and Useful Items
- Each piece of furniture should serve a purpose and be useful. Avoid unnecessary decor and focus on items that enhance guest comfort and convenience.
Reflect Local Style and Aesthetic
- Incorporate a blend of traditional southern charm and modern aesthetics, which is characteristic of Fayetteville's style. Use rustic elements alongside contemporary designs to create a cozy yet stylish atmosphere.
Optimize Space with Smart Storage
- Use beds with drawers, wall hooks, pegboards in the kitchen, and stackable containers to maximize storage and keep the space tidy. Provide designated spots for guests' personal items, such as luggage racks.
Select Space-Saving Furniture
- Choose furniture with multiple functions, like sofa beds, folding tables, or ottomans with hidden storage compartments. These pieces can transform the layout to meet different guests' needs.
Enhance with Mirrors and Lighting
- Use mirrors to make the space feel bigger and brighter. Ensure there are power sockets near mirrors for hair dryers and straighteners. Warm lighting can also add to the inviting atmosphere.
Provide Essential Amenities
- Equip your kitchen with essentials like a coffee maker, microwave, toaster, and kettle. Include a hairdryer, basic toiletries, and a first-aid kit to enhance guest comfort.
Consider Accessibility
- Make your Airbnb accessible to guests with disabilities by including features like ramps, wide doorways, and grab bars in bathrooms.
Timing of Updates
- Plan furniture updates during the off-season or short gaps between bookings to minimize disruption and keep the property in top shape for guests.
Outdoor and Additional Amenities
- Since Fayetteville is known for its outdoor activities, consider adding amenities like private pools, outdoor spaces, and well-equipped kitchens to attract more guests.
Local Art and Crafts
- Incorporate local art, vintage-inspired furnishings, or local crafts to provide guests with an authentic local experience and enhance the unique style of the rental.
Exploring Fayetteville, Georgia: Local Attractions and Insider Tips
Local Attractions
Historical Sites
- Old Fayette County Courthouse: The oldest surviving courthouse in Georgia, built in 1825, now serving as the local welcome center and housing offices for Fayetteville Main Street and the Fayette County Development Authority.
- Holliday-Dorsey-Fife House: A historic house built in 1855 by John Stiles Holliday, uncle of the western gambler John Henry "Doc" Holliday. Now a museum.
Parks and Recreation
- McCurry Park North: A popular park offering various recreational activities and scenic views.
- Lake Horton: A serene spot for boating, fishing, and other water activities.
- River's Edge Golf Club: For golf enthusiasts, this club offers a challenging and scenic golfing experience.
Cultural Points of Interest
- Margaret Mitchell Library: Named in honor of the author, this library serves as the headquarters of the Fayette County Historical Society and holds Civil War and genealogical records.
- Fayette County Library: A modern library offering a range of books, media, and community events.
Family Fun
- Fun Spot America Atlanta: An amusement and theme park with various rides and attractions.
Insider Tips
Dining and Shopping
- Downtown Fayetteville: Explore the charming downtown area for local dining, shopping, and community events.
- Fayette Pavilion Shopping Center: A convenient shopping destination with a variety of stores and eateries.
Local Events
- Check the City Calendar: Stay updated with local events, festivals, and community activities through the city's official website.
Outdoor Activities
- Starr's Mill: A historic site and popular spot for hiking and exploring the natural beauty of the area.
Education and Film
- Georgia Film Academy at Trilith: For film enthusiasts, this partnership offers educational programs and opportunities to engage with the film industry.
By providing these recommendations, your Airbnb guests can fully experience the rich history, cultural attractions, and recreational opportunities that Fayetteville, Georgia, has to offer.
Practical Tips to Run a Successful Short Term Rental Business in Fayetteville, Georgia
To ensure the success of a short-term rental business in Fayetteville, Georgia, several practical tips can be implemented:
Noise Regulations and Quiet Hours
Inform your guests about the local noise regulations and quiet hours to avoid any potential issues. Include this information in your digital and physical house manual, and consider posting reminders in the property to ensure compliance.
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 set clear expectations for your guests.
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, and include parking instructions accompanied by photos to avoid any confusion.
Additional Tips
- Ensure compliance with local regulations, such as obtaining a business license and collecting and remitting the 5% hotel/motel tax.
- Optimize your pricing and occupancy rates based on the seasonal trends in Fayetteville, with peak seasons typically occurring from late spring to summer.
- Maintain a well-equipped and comfortable property, including amenities like private pools and outdoor spaces, to attract and satisfy guests.
By following these tips, you can enhance the guest experience, reduce potential issues, and maximize the profitability of your short-term rental business in Fayetteville, Georgia.
Here is a brief list of house cleaning providers in Fayetteville, Georgia:
House Cleaning Services
My Cleaning Angel
- Offers one-time, move-in/move-out, post-construction, recurring, and vacation rental cleaning services.
- Uses eco-friendly cleaning products and provides customizable cleaning plans.
Merry Maids
- Provides residential house cleaning services in Peachtree City and Fayetteville.
- Offers services to help lighten your to-do list and allow you to relax at home.
Various Providers Listed on Care.com
- Multiple local house cleaning services available, with rates starting at $18.80/hr.
- Options include recurring and one-time cleanings, with reviews and comparisons available.
Providers Listed on HomeAdvisor
- Includes several maid services such as Cleaning with a Cause, VLM Floor Cleaning, and Expert Cleaning Services.
- Services range from one-time deep cleanings to recurring cleanings, with customer reviews and ratings provided.
Providers Listed on Angi
- A list of top-rated house cleaners in Fayetteville, with services varying by provider.
- Average cost ranges between $30 and $50 per hour, depending on house size and other factors.
Short-Term Rental Management Fees in Fayetteville, Georgia: A Range of 10%-30% of Rental Revenue
In Fayetteville, Georgia, the fees for managing short-term rental properties, such as those listed on Airbnb, can vary significantly based on the level of service provided. Full-service management, which includes comprehensive tasks like guest communication, marketing, and maintenance, typically ranges from 15% to 30% of the rental revenue. Companies like Awning and Summer charge fees starting at 15% and 20% respectively, with the final pricing dependent on factors such as property size, type, location, and annual revenue.
For more basic services or a la carte options, the fees can be lower, often starting around 10%. However, additional costs may apply for services like cleaning, repairs, or design enhancements. These extra fees can include consumables charges, separate fees for tenant placement, or costs associated with handling major maintenance issues. Understanding these fee structures is crucial for property owners to make informed decisions and maximize their rental income while minimizing operational hassles.