Airbnb & VRBO Performance in Girdwood Alaska.

Short-Term Rental Regulations in Anchorage, Alaska (Including Girdwood) for 2024

Although the specific regulations for Girdwood are not fully isolated from the broader Anchorage regulations, here are the key points that apply to short-term rentals in the area:

Licensing Requirements

• Short-term rental owners must obtain a city license, which is renewable every two years.
• The annual license fee is $400 per short-term rental unit, with possible waivers of up to $50 for certain conditions (e.g., if the unit is part of the owner’s primary residence or rented for more than 180 days in the preceding 12 months).

Insurance and Emergency Contact

• Owners must provide proof of property liability insurance of at least $500,000, which can be through a rental platform.
• A 24/7 on-call manager or an alternate contact must be available to respond within 24 hours.

Compliance with Municipal Codes

• Short-term rental owners and guests must abide by all applicable municipal noise, housing, public health, trash storage and disposal, and fire and safety ordinances.

Taxation

• Hosts must collect and remit a 12% room tax for stays under 30 days. This tax is automatically collected and remitted by Airbnb, but hosts using other platforms are responsible for handling this tax themselves.

Operational Rules

• Short-term rentals are defined as units rented to any person for less than 30 consecutive days.
• Sleeping areas for guests must be in a finished living space, and short-term rentals cannot be in commercial or industrial spaces or recreational vehicles.

Fines and Penalties

• Despite the mayor's veto, the original ordinance proposed fines of $300 per night for operating a short-term rental without a license, $300 for an advertising violation, and $75 for an owner or manager failing to respond to complaints or concerns.

Specific Considerations for Girdwood

• There are discussions and amendments aimed at restricting short-term rentals in certain areas, such as prohibiting them on multi-family lots in Phase I of Girdwood developments.
• Future developments, like those planned by Alyeska Resort, may include restrictions on short-term rentals, particularly in areas designated for workforce housing and community purposes.

Note on Current Status

• The licensing program was approved by the Anchorage Assembly but vetoed by Mayor Dave Bronson, making the implementation of these regulations uncertain as of now.

Top Airbnb Revenue-Generating Neighborhoods in Girdwood, Alaska

Why Girdwood is Appealing

Girdwood, Alaska, is a highly attractive destination for Airbnb investors and guests due to its proximity to popular ski resorts and a plethora of outdoor activities such as skiing, hiking, and glacier sightseeing.

Neighborhoods Generating the Most Airbnb Revenue

1. Alyeska Resort Area

• Appeal: This area is centrally located near the Alyeska Resort, making it ideal for skiers and snowboarders in the winter and hikers in the summer.
• Revenue Potential: Properties here can generate significant revenue due to high demand during peak seasons. For example, cabins and chalets near the resort can command high average daily rates (ADRs) of around $207, with an occupancy rate of 62.4%, translating to an annual revenue of approximately $29,000.

2. Girdwood Town Square

• Appeal: This neighborhood is close to local amenities such as the Girdwood Brewing Company, shops, and restaurants, making it convenient for guests.
• Revenue Potential: The proximity to town square and the resort ensures a steady stream of guests, contributing to a solid return on investment (ROI) of 5% and an average annual revenue similar to those near the Alyeska Resort.

3. Winner Creek Trail Area

• Appeal: This area is popular for its easy access to hiking trails and scenic views, appealing to nature lovers and outdoor enthusiasts.
• Revenue Potential: Properties here benefit from the high demand for accommodations near popular hiking trails, contributing to the overall high occupancy rates and revenue in Girdwood.

4. Upper Girdwood

• Appeal: Known for its scenic mountain views and quieter atmosphere, Upper Girdwood is a favorite among families and those seeking a more relaxed stay.
• Revenue Potential: The area's appeal for families and those looking for a peaceful retreat ensures a consistent occupancy rate, contributing to the annual revenue of around $29,000 per property.

These neighborhoods in Girdwood are particularly appealing due to their proximity to outdoor activities, local amenities, and the Alyeska Resort, making them highly lucrative for Airbnb investors.

Crafting an Inviting Airbnb in Girdwood, Alaska: Design and Furnishing Tips

Embrace the Alaskan Aesthetic

• Incorporate natural materials such as wood, stone, and leather to reflect the rustic charm of Alaska.
• Use earthy color palettes like greens, browns, and grays to blend seamlessly with the surrounding environment.

Modern Amenities with Rustic Touches

• Combine modern amenities like high-end appliances and smart TVs with rustic design elements such as log cabin walls, wooden beams, and vintage decor.
• Ensure that the space is well-lit, using a mix of natural light and warm, cozy lighting fixtures.

Cozy and Comfortable Spaces

• Include plush furnishings, comfortable bedding, and warm textiles like blankets and throw pillows to create a cozy atmosphere.
• Add features like fireplaces, hot tubs, and fire pits to enhance the warmth and comfort of the space.

Highlight Local Culture and Adventure

• Decorate with local artwork, maps, and guides to highlight Girdwood's outdoor activities and cultural attractions.
• Provide guests with information on local hiking trails, ski resorts, and other adventure opportunities.

Functional and Spacious Layouts

• Design the layout to be functional and spacious, especially for families or groups. Include features like large kitchens, dining areas, and game rooms.
• Ensure there is ample storage for guests' gear, such as ski equipment and hiking gear.

Outdoor Integration

• If possible, include outdoor spaces like decks, patios, or gazebos that offer stunning mountain views.
• Provide outdoor furniture and amenities like BBQs and hot tubs to extend the living space outdoors.

Attention to Detail

• Pay attention to small details such as providing board games, vinyl records, and other entertainment options that enhance the guest experience.
• Include amenities like fully equipped kitchens, laundry facilities, and high-speed WiFi to make the stay convenient and comfortable.

Family and Pet-Friendly Considerations

• For family-friendly rentals, include amenities like game rooms, kid-friendly activities, and spacious living areas.
• For pet-friendly rentals, ensure there are pet beds, toys, and easy access to outdoor spaces.

Seasonal Adaptability

• Design the space to be adaptable to different seasons. For example, include winter-specific amenities like ski storage and summer-specific amenities like hiking guides.
• Ensure the space is well-insulated and equipped with heating and cooling systems to maintain a comfortable temperature year-round.

Discover Girdwood, Alaska: Local Attractions and Insider Tips

Local Attractions

Alyeska Aerial Tram

• Take a panoramic ride from the base of Alyeska Resort to the top of Mount Alyeska, offering stunning views of Turnagain Arm, glaciers, and the Chugach Mountains.
• Access hiking, biking, and downhill skiing trails at the top, along with the Seven Glaciers restaurant and The Roundhouse Museum.

The Roundhouse Museum

• Located at the summit of Mount Alyeska, this historic octagonal building now serves as a museum and interpretive center, showcasing the history of skiing and mining in the area.

Dog Sledding

• Experience summer dog sledding by taking a helicopter to a glacier for a thrilling tour through the snow. Enjoy a bird’s-eye view of snow-capped peaks and glacier country.

Gold Panning at Crow Creek Gold Mine

• Try your hand at gold panning at this historic mine, established in 1896. Explore the mine’s historic buildings and receive expert tips and equipment.

Flightseeing Tours

• Take a helicopter tour to see the unspoiled wilderness of Girdwood, including glaciers, mountain peaks, and unique geologic features. Spot wildlife with the help of experienced pilots.

Alaska Wildlife Conservation Center

• Visit this center to meet and learn about various Alaskan animals, including bears, moose, and bison.

Girdwood Bike Park

• Rent bikes at Powder Hound and explore the trails suitable for all skill levels. Alyeska Resort also offers guided e-bike tours to Bird Point.

Local Festivals and Events

• Attend the Girdwood Forest Fair, a family-friendly festival held every July, or enjoy live music, New Year’s Eve festivities, and the 4th of July Parade.

Insider Tips

Dining and Shopping

• Enjoy gourmet dining at the Seven Glaciers restaurant at the top of Mount Alyeska.
• Explore local shops like Girdwood Center for Visual Arts, Mother Hubbard’s Co., and Slack Tide Gallery for unique souvenirs and gifts.

Outdoor Activities

• Hike to the top of Mount Alyeska and take the tram down for free if you prefer not to hike back down.
• Consider rafting, fishing, or snowmobiling with local tour operators like Glacier City Rafting & Hiking Tours and Chugach Adventures.

Festivals and Community Events

• Check the local calendar for events like the Slush Cup at the end of the ski season, a fun and chilly event for participants and spectators alike.

Practical Information

• Girdwood is about 45 minutes south of Anchorage, accessible via the Seward Highway.
• The town offers a variety of lodging options, including B&Bs, restaurants, and shops, making it an excellent base camp for activities in Southcentral Alaska.

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

Practical Tips to Run a Successful Short Term Rental Business in Girdwood, Alaska

To run a successful short-term rental business in Girdwood, Alaska, several practical tips can enhance the guest experience and ensure compliance with local regulations.

Noise Regulations and Guest Communication

Inform your guests about quiet hours to maintain a peaceful environment for both them and the neighbors. Include this information in your digital and physical house manual, ensuring that guests are aware of the noise regulations from the outset.

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 helps guests navigate the property easily and reduces the likelihood of misunderstandings or issues.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide clear instructions on how to use the smart locks, and consider adding a video tutorial to your house manual for added clarity.

Parking Instructions with Photos

Ensure that guests know where to park by providing detailed parking instructions accompanied by photos. This helps prevent confusion and potential parking violations, especially in areas with limited parking options.

By implementing these strategies, you can create a welcoming, well-organized, and compliant short-term rental environment that enhances guest satisfaction and minimizes potential issues.

Here is a brief list of house cleaning providers in or near Girdwood, Alaska:

House Cleaning Providers in Girdwood, AK

Reliable House Cleaners

• Listed as one of the top house cleaning services in the area.

RSVP Maid Service

• Offers residential and possibly commercial cleaning services.

Alicia's Residential and Commercial Janitorial Service

• Provides cleaning services for both residential and commercial clients.

Girdwood Cleaning Service

• Based in Anchorage, AK, but serves the Girdwood area. Offers a range of cleaning services for residential and commercial properties.

A Affordable Cleaning By Diane's Service

• Although primarily based in Anchorage and Eagle River, they may serve the broader area including Girdwood. Specializes in environmentally friendly cleaning services, including move-in and move-out cleaning.

Short-Term Rental Management Fees in Girdwood, Alaska: A Comprehensive Guide

In Girdwood, Alaska, managing a short-term rental property can incur management fees that typically range from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management companies, such as Awning and RedAwning, offer a comprehensive range of services including guest communication, marketing, and maintenance, and these services usually fall on the higher end of the fee spectrum, often starting at 15% of revenue and varying based on factors like property size, type, and location.

Basic services, which might include only the essential tasks like booking management, may cost less. Additionally, property owners may incur extra fees for services such as cleaning, repairs, or design and furnishing, which can be billed separately or included in the overall management fee. Understanding these fee structures is crucial for property owners to ensure they are maximizing their rental income while adhering to local regulations and maintaining a high standard of property management.