Airbnb & VRBO Performance in Gaffney South Carolina.

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Gaffney, South Carolina: Airbnb & VRBO Vacation Rental Market Overview

While specific data for Gaffney, South Carolina, is limited, the broader context of South Carolina's thriving tourism industry and steady demand for short-term rentals suggests that Gaffney could benefit from its proximity to attractive destinations, making it a promising area for short-term rental investments with potential for consistent rental income.

Market overview

Current Short-Term Rental Performance in Gaffney, South Carolina: A Promising Outlook

Despite the broader national trends in the vacation rental market, Gaffney, South Carolina, is positioning itself as a viable and attractive destination for short-term rentals. While specific data for Gaffney is not as detailed as for other major South Carolina destinations like Myrtle Beach or Charleston, the overall state's thriving tourism industry suggests a positive outlook. South Carolina's short-term rental market continues to thrive, driven by high demand from vacationers seeking a mix of coastal and inland experiences.

Although exact occupancy and average daily rates for Gaffney are not available, the state's year-round appeal and relatively low property taxes make it an ideal spot for investors. Given the national context where late fall travel seasons are showing signs of recovery with occupancy pacing ahead of last year, it is reasonable to anticipate that Gaffney could benefit from this trend as well. With its unique blend of small-town charm and proximity to larger attractions, Gaffney offers a promising environment for short-term rental investments.

Short Term Regulations

Short-Term Rental Regulations in Gaffney, South Carolina for 2024

While specific regulations for Gaffney, South Carolina, are not detailed in the provided sources, the following general guidelines and common regulations in South Carolina can be applied:

Licensing and Permits

  • Business License: Short-term rental property owners must obtain a business license issued by the local authorities. This license is typically valid for one year and requires the payment of an annual fee based on the gross revenue from the rental property.
  • Short-Term Rental Permit: Many cities in South Carolina, including potentially Gaffney, require a short-term rental permit. This permit involves submitting specific documents and paying associated fees.

Registration and Taxes

  • Tax Registration: Owners must register to pay taxes at the state, county, and city level.
  • Accommodations Tax License: An annual Accommodations Tax License is required, and owners must remit accommodations taxes as applicable.

Zoning and Land Use

  • Zoning Compliance: Property owners must ensure their property is zoned for short-term rentals. Regulations can vary by location, with some areas allowing STRs in commercial zones and restricting them in residential zones.

Safety and Health Regulations

  • Fire Safety: Properties must have working fire safety devices, and in some cases, undergo inspections to ensure compliance.
  • Health and Sanitation: Compliance with health and sanitation regulations is mandatory.

Operational Requirements

  • Emergency Contact: An emergency contact must be available to take phone calls at all times.
  • Guest Records: Keep records of guest information, including names and phone numbers, for a specified period (often two years).
  • House Manual: Provide a house manual to each guest with emergency contact numbers, owner's or responsible local representative's name and contact information, and house rules.

Insurance

  • Liability Insurance: A comprehensive insurance policy covering property damage and general liability is recommended.

HOA/POA Compliance

  • If the property is within a homeowners' association (HOA) or property owners' association (POA), owners must comply with any specific rules or restrictions outlined in the association’s governing documents.

Local Ordinances

  • Notification of Neighbors: In some areas, owners may need to notify adjacent households and neighborhood associations that the property is being operated as a short-term rental.
  • Parking Requirements: Ensure compliance with local parking regulations, which may include providing a specified number of parking spaces.

Enforcement

  • Fines and Penalties: Failure to comply with registration, licensing, and other regulations can result in fines and penalties.

For precise and up-to-date regulations specific to Gaffney, it is advisable to contact the local city or county government.

Neighborhood Performance

Top Airbnb Revenue-Generating Neighborhoods in Gaffney, South Carolina

While specific neighborhood-level Airbnb data for Gaffney, SC, is limited, we can infer the potential of various neighborhoods based on general real estate investment trends and rental yield data in the area.

Neighborhoods with High Rental Yields

The following neighborhoods in Gaffney are known for their high rental yields, which can be indicative of their potential for generating significant Airbnb revenue:

Hamrick Mills

  • Average Rental Yield: 10%+
  • Appeal: Hamrick Mills is attractive due to its high rental yields, suggesting strong demand and potentially high occupancy rates. Guests may be drawn to its convenient location and the overall appeal of a neighborhood with robust rental income potential.

Wilkinsville

  • Average Rental Yield: 8.5%
  • Appeal: Wilkinsville offers a balance of affordability and profitability, making it an appealing choice for both investors and guests. The neighborhood's strong rental yield indicates consistent demand, which can translate to higher Airbnb revenue.

Grassy Pond

  • Average Rental Yield: 7%
  • Appeal: Grassy Pond's moderate to high rental yield suggests a stable and in-demand neighborhood. Guests might appreciate the area's amenities and the overall value it offers compared to other neighborhoods.

Thicketty

  • Average Rental Yield: 6%
  • Appeal: Thicketty, while having a slightly lower rental yield, still presents a viable option for Airbnb investments. The neighborhood's appeal could lie in its local amenities, community feel, and the potential for consistent guest bookings.

Corinth

  • Average Rental Yield: 5%
  • Appeal: Corinth, with its lower but still respectable rental yield, may offer a more affordable entry point for investors. Guests could be attracted to the neighborhood's charm, local services, and the value it provides relative to other areas in Gaffney.

General Appeal of Gaffney Neighborhoods

  • Growing Population and Job Market: Gaffney's growing population and diverse employment opportunities create a favorable environment for real estate investments, including short-term rentals.
  • Diverse Property Types: The availability of various property types, such as single-family homes, townhouses, and multi-family apartments, caters to different investor strategies and guest preferences.
  • Rising Demand: The rising demand for different property types in Gaffney indicates a strong market that can support high occupancy rates and revenue for Airbnb hosts.

While specific Airbnb data for these neighborhoods is not provided, their high rental yields and overall real estate market conditions suggest they could be lucrative areas for Airbnb investments in Gaffney, SC.

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Design Tips

Crafting an Inviting Airbnb in Gaffney, South Carolina: Tips for Furnishing and Design

Embrace the Peach Theme

  • Incorporate peach-inspired colors and motifs, such as soft pinks, oranges, and yellows, to reflect Gaffney's status as the "Peach Capital of South Carolina."
  • Use peach-themed decor, like peach-shaped pillows, wall art, or a peach-colored accent wall.

Historic Charm

  • Incorporate elements of the city's rich history, such as antique furniture pieces or reproductions that mimic the style of the 19th century.
  • Display local historical artifacts or prints, especially those related to the Revolutionary War and the city's founding by Michael Gaffney.

Local Art and Culture

  • Feature local artwork and crafts in the space to highlight Gaffney's vibrant arts scene.
  • Include books or guides about the city's history and attractions, such as the "Peaches" series available at the Gaffney Visitors Center.

Comfortable Southern Hospitality

  • Use plush furnishings and cozy textiles to create a warm and inviting atmosphere, reflecting the city's Southern charm.
  • Add comfortable outdoor seating areas to enjoy the local climate and scenic views.

Nod to the Textile Industry

  • Incorporate textiles and fabrics that pay homage to Gaffney's textile industry heritage, such as vintage quilts or locally woven materials.
  • Use industrial-chic decor elements, like old looms or textile machinery parts, as unique decorative pieces.

Outdoor Integration

  • Since Gaffney is surrounded by natural beauty and national parks, bring the outdoors in by using natural materials and earthy tones in your decor.
  • Provide information and guides on nearby outdoor activities, such as the Overmountain Victory National Historic Trail and Kings Mountain National Military Park.

Community Flair

  • Support local businesses by featuring products from the Gaffney Station Farmers Market or the Gaffney Outlet Marketplace in your decor or as welcome gifts.
  • Highlight local events, such as the South Carolina Peach Festival and the First Friday Food Truck parties in Historic Downtown Gaffney.

Family-Friendly Touches

  • Include family-friendly amenities and decor, such as a game room or a cozy reading nook, to cater to families visiting the area.
  • Provide recommendations for family-friendly activities, like visiting the Peach Haven campground or exploring the city's parks and playgrounds.
Insider Tips

Discovering Gaffney, South Carolina: Local Attractions and Insider Tips

Local Attractions

Historical Sites

  • Cowpens National Battlefield: Explore the site of a pivotal Revolutionary War battle and visit the visitor center, battlefield, and picnic area.
  • Kings Mountain National Military Park: Commemorates the first major Patriot victory in the South and offers trails and scenic views.
  • Cherokee County History and Arts Museum: Learn about the history and cultural development of Cherokee County, with exhibits on geology, Native Americans, and more.
  • Michael Gaffney Log Home: Visit the historic log home of the city's founder.

Arts and Entertainment

  • Gaffney Little Theatre: Enjoy theatrical productions in downtown Gaffney.
  • Gaffney Visitors Center and Art Gallery: Features rotating exhibits of local and visiting artists, and is a stop on the Overmountain Victory National Historic Trail.
  • Limestone University Arts and Music Departments: Attend performances and exhibitions hosted by the university.

Shopping

  • Gaffney Outlet Marketplace: Shop at a village-style outlet mall with designer and brand name stores.
  • Unique Stores in Historic Buildings: Explore shops housed in historic buildings in downtown Gaffney.

Outdoor Activities

  • City Parks: Visit any of the eight city parks, including a skatepark and children's playgrounds.
  • 150-Acre Lake: Enjoy recreational activities at the lake.
  • Cherokee Ford River Trail: Take a walk or hike along this scenic trail.

Landmarks

  • Peachoid Water Tower: Admire the iconic 135-foot water tower shaped like a peach.
  • Glymph Memorial Garden: A serene spot to relax and enjoy nature.

Insider Tips

Dining

  • Local Eateries: Try Harold's Restaurant, a diner featured on Food Network's Diners, Drive-ins, and Dives.
  • Farmers Market: Visit the Gaffney Station Farmer's Market at the Gaffney Visitors Center & Art Gallery.

Events

  • Annual Festivals and Concerts: Attend events like the Christmas Laser Light Show at Jolly Park, Summer Concerts at Jolly Park, and the Carnival at the Gaffney Premium Outlet Marketplace.
  • Revolutionary War Celebrations: Participate in historical reenactments and celebrations.

Hidden Gems

  • Freightliner Factory Tour: Take a tour of the Freightliner factory for a unique industrial experience.
  • Peach Picking: Enjoy fresh peaches right off the tree at local farms.

Practical Information

  • Transportation: Use the Gaffney Cab Company for public transit, and note the proximity to Greenville–Spartanburg International Airport and Charlotte Douglas International Airport.
  • Healthcare: Know that Cherokee Medical Center and Gibbs Cancer Center are available for medical needs.

By sharing these attractions and tips, you can help your guests make the most of their visit to Gaffney, South Carolina.

Practical Tips

Practical Tips to Run a Successful Short-Term Rental Business in Gaffney, South Carolina

To ensure the success and smooth operation of a short-term rental business in Gaffney, South Carolina, several practical tips can be implemented:

Noise Regulations and Guest Communication

Inform your guests about quiet hours and local noise regulations to maintain a peaceful environment and avoid potential complaints or fines. Include this information in both your digital and physical house manual to ensure clarity.

Comprehensive House Manual

Create a detailed digital and physical house manual that includes essential instructions, Wi-Fi passwords, and other important details about the property. This manual should be easily accessible to guests, either through a welcome packet or a digital link provided upon check-in.

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 to help them navigate any specific steps.

Parking Instructions

Include detailed parking instructions with photos in your house manual to help guests understand where and how to park. This can prevent confusion and ensure that guests comply with local parking regulations.

By following these tips, you can enhance the guest experience, reduce potential issues, and maintain a positive reputation for your short-term rental business in Gaffney, South Carolina.

Local Vendors

Here is a brief list of house cleaning providers in Gaffney, South Carolina:

House Cleaning Providers in Gaffney, SC

Sparkling and Beyond

  • A professional cleaning company using state-of-the-art equipment with years of experience.

Shiny Homes Co

  • Offers residential, commercial, Airbnb, and post-construction cleanup services.

Local Cleaning Services via Angi

  • A list of the top 10 best house cleaners in Gaffney, with varying costs based on house size and services needed.

Local Cleaning Services via HomeAdvisor

  • Provides a list of the 5 best maid services in Gaffney, with cost estimates and reviews.

Care.com Cleaning Services

  • Offers a list of 39 affordable cleaning ladies in Gaffney, with rates starting at $15.00/hr.

Note that the list does not include repair or maintenance providers, as the sources primarily focus on cleaning services.

Management fees

Short-Term Rental Management Fees in Gaffney, South Carolina: A Guide to Costs and Services

In Gaffney, South Carolina, short-term rental management fees typically range from 10% to 30% of the rental revenue, varying significantly based on the level of service provided. Full-service management, which includes comprehensive tasks such as guest communication, marketing, and property maintenance, tends to be on the higher end of this spectrum. In contrast, basic services that may only include rent collection and minimal oversight can be more affordable. Additionally, property owners may incur extra fees for services like cleaning, repairs, and design enhancements, which can further impact the overall cost of managing a short-term rental property. Understanding these fee structures is crucial for maximizing revenue and ensuring the smooth operation of a short-term rental in Gaffney.

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Why choose RedAwning

RedAwning is a tech leader in full-service short-term rental management, powered by our exclusive, unmatched tools.
Other property managers
Cost
Starting at 10%
25-40%
Guest communications
5-15 mins / 24 hours a day
1 hour+
Host communications
Dedicated phone and text line with no time on hold
Chat bots, hold lines and email threads
Insurance
Robust liability and dwelling coverage for every reservation
Spotty coverage with low claim approval rates
Contract
No cancellation fees
No contract lock-in
Just 90 days notice to cancel
Cancellation penalties
Number of Channels Your Listing is On
50+
2-4

Experience in numbers

Rest well knowing your property is managed by an experienced team powered by world-class technology.
+10-30%
in gross revenue
4.8 stars
guest rating
14+ years
managing STRs

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Find out how much your property in Gaffney should generate as a short term rental and look at the performance of properties around yours.

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Furnishing checklist

This comprehensive checklist ensures that your rental is guest-ready with all the essentials to create a comfortable and memorable experience in Gaffney.

Living Room
Seating: Sofa, armchairs, and ottomans
Coffee Table
Entertainment: Smart TV (with streaming apps) and remote control
Decor: Area rug, wall art, plants, and throw pillows
Lighting: Floor lamp or table lamps
Charging Stations: Power strips or outlets with USB ports
Bedrooms
Beds: High-quality mattress with mattress protector
Linens: At least two sets of sheets per bed
Pillows: Hypoallergenic pillows (2-4 per bed)
Blankets: Extra throw blankets or quilts
Nightstands: With lamps or charging docks
Closet or Storage: Hangers, dresser, or luggage rack
Blackout Curtains or Shades
Bathrooms
Towels: Bath towels, hand towels, washcloths (2 sets per guest)
Shower Curtain & Liner
Toiletries: Shampoo, conditioner, body wash, hand soap
Bathroom Essentials: Toilet paper, tissues, trash bin
Hairdryer
Mirror: Full-length or wall mirror
Dining Area
Dining Table: Seating for the maximum number of guests
Place Settings: Placemats or tablecloths
Centerpiece: Vase with flowers or decorative piece
Kitchen
Appliances: Refrigerator, microwave, toaster, coffee maker, kettle
Cookware: Pots, pans, baking trays
Utensils: Forks, knives, spoons, spatulas, tongs
Dinnerware: Plates, bowls, glasses, mugs (2 sets per guest)
Cutting Board & Knives
Basic Spices & Condiments: Salt, pepper, oil
Cleaning Supplies: Sponge, dish soap, paper towels, trash bags
Outdoor Space (if applicable)
Seating: Outdoor chairs, benches, or lounges
Table: For outdoor dining or drinks
Lighting: String lights or outdoor lanterns
Grill: With necessary utensils and instructions
Outdoor Trash Bin
Extras to Elevate Guest Experience
Welcome Basket: Snacks, water bottles, or wine
Guidebook: Local recommendations and house rules
Board Games or Books: Entertainment for guests
Umbrella & Flashlight
Iron & Ironing Board
Laundry: Washer, dryer, and detergent (if available)
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⇤ Airbnb Statistics for South Carolina