Airbnb & VRBO Performance in Grand Prairie Texas.

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Grand Prairie, Texas: Airbnb & VRBO Vacation Rental Market Overview

In Grand Prairie, Texas, short-term rental operators are thriving under clear and enforced regulations, ensuring a compliant and profitable environment for hosts while providing a wide range of convenient and well-maintained accommodations for guests.

Market overview

Thriving Short-Term Rental Market in Grand Prairie, Texas

Grand Prairie, Texas, is experiencing a robust and vibrant short-term rental market, driven by its attractive amenities and stringent yet supportive regulatory environment. Despite the city's strict enforcement of short-term rental regulations, including the requirement for an annual permit and a 7% hotel occupancy tax, operators are finding success. The market caters to a diverse range of guests, from digital nomads and business travelers to vacationers, with fully furnished rentals that include essential amenities like kitchens, WiFi, and dedicated work spaces.

While specific occupancy rates for short-term rentals in Grand Prairie are not provided, the city's enforcement and regulatory framework ensure compliance and quality, attracting reliable and satisfied guests. The average price range for short-term rentals in the area is between $1,241 and $2,061 per month, indicating a healthy demand for these flexible and convenient housing options.

Overall, Grand Prairie's short-term rental market is thriving, offering a win-win scenario for both hosts and guests, with its blend of comfort, convenience, and strict adherence to safety and regulatory standards.

Short Term Regulations

Short-Term Rental Regulations in Grand Prairie, Texas for 2024

Permit Requirements

  • All short-term rental operators must obtain an annual permit from the City of Grand Prairie.
  • The permit application must be completed online through the City of Grand Prairie's Short-term Rental Permit portal.
  • A nonrefundable permit fee of $480 is required with the online application.

Inspection and Approval

  • The permit application includes an inspection of the property to ensure compliance with minimum health and safety requirements.
  • The permit is valid upon approval and after the property passes inspection.

Occupancy Limits

  • The occupancy limit is one person per 200 square feet with a maximum of 12 persons.

Safety Equipment

  • Smoke and carbon monoxide detectors with alarms are required in accordance with adopted codes.
  • The short-term rental must have at least one working Type A fire extinguisher that meets the City’s current fire code for annual inspection.

Parking Requirements

  • The maximum number of motor vehicles allowed is limited to the number of available off-street parking spaces. No parking on the street is allowed.
  • A site plan identifying the location of parking spaces must be uploaded with the permit application.

Tax Obligations

  • Short-term rental operators are responsible for paying hotel occupancy taxes on taxable receipts.

Informational Brochure

  • Each owner or operator must provide a brochure to occupants with information such as a 24/7 contact person and emergency contact numbers.

Notification to Neighbors

  • Operators must send a notification to neighbors within 200 feet of the property advising that a permit has been issued for the short-term rental property.

Renewal and Updates

  • The Short-Term Rental Permit expires on the last day of the month one year after the date it was issued. Renewal requires a new application and inspection.
  • Any changes in ownership, operator, or local contact information must be updated with the City of Grand Prairie Code Compliance office within ten days of the change.

Enforcement and Fines

  • Violations of the regulations can result in fines starting at $500 per day.
  • The city tracks all short-term rental locations on an online map and actively enforces compliance.
Neighborhood Performance

Top Neighborhoods for Airbnb Revenue in Grand Prairie, Texas

1. North Arlington

  • Appeal: This area is highly attractive due to its proximity to major attractions such as the Dallas Cowboy stadium, Texas LIVE!, the new Rangers Ballpark, Six Flags, and Hurricane Harbor. Easy access to I-30 and SH 360 makes it convenient for travelers to reach Dallas, Fort Worth, and DFW Airport. The presence of amenities like screened and covered patios overlooking community pools adds to the appeal.

2. Central Grand Prairie

  • Appeal: Located in the heart of the DFW metroplex, this area offers easy access to freeways, making it a midpoint between Dallas and Fort Worth. Guests appreciate the large floor plans, multiple surrounding attractions like AT&T Stadium, Rangers Ballpark, and Six Flags, as well as nearby grocery shopping and other amenities.

3. Nottingham Area

  • Appeal: This neighborhood is popular for its family-friendly and pet-friendly homes, often featuring amenities like swimming pools, game rooms, fire pits, and ping-pong and billiards tables. The area's nice neighborhoods and proximity to major attractions like the Cowboys and Rangers stadiums make it a favorite among guests.

4. Lower Greenville (though technically in Dallas, it's a nearby draw)

  • Appeal: Although not in Grand Prairie proper, Lower Greenville's proximity and vibrant atmosphere make it a significant draw. Guests love the cozy and updated condos, King-size beds, recently renovated decor, and the neighborhood's eclectic dining scene, live music, and local boutiques.

5. Grand Prairie Neighborhoods near Joe Pool Lake

  • Appeal: These areas are appealing due to their peaceful and family-friendly environments. Guests enjoy the natural light, beautiful decorations, and amenities like premium surround sound. The proximity to Joe Pool Lake, AT&T Stadium, and other local attractions adds to the neighborhood's charm.

These neighborhoods are highly rated for their convenient locations, cleanliness, and a wide range of amenities that cater to various guest preferences, making them top generators of Airbnb revenue in Grand Prairie, Texas.

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Design Tips

Tips for Furnishing and Designing an Inviting Airbnb in Grand Prairie, Texas

Understand Local Preferences and Style

  • Grand Prairie, Texas, attracts a diverse range of guests, including families, vacationers, and business travelers. Opt for a blend of modern and rustic aesthetics that celebrate Texan culture, such as ranch-style decor and vintage touches.

Choose Comfortable and Functional Furnishings

  • Invest in high-quality, aesthetically pleasing furniture that creates a comfortable and inviting atmosphere. Focus on modern finishes and durable materials that can withstand frequent use.

Highlight Outdoor Spaces

  • Properties with outdoor spaces, such as backyards with grills, pools, and patios, are highly sought after. Ensure these areas are well-maintained and equipped for leisure and relaxation.

Equip with Modern Amenities

  • Include modern amenities like fully equipped kitchens, high-speed internet, smart TVs, and other functional features that enhance guest comfort and convenience.

Select Neutral Color Palettes with Vibrant Accents

  • Use neutral color palettes combined with vibrant accents to create inviting and welcoming spaces. This approach helps in appealing to a wide range of guests.

Add Unique and Local Touches

  • Incorporate unique, eye-catching items such as local artwork or vintage pieces to give your space character and a sense of place. This can include photographs from local artists or other regional decor.

Prioritize Guest Essentials

  • Ensure the property is well-stocked with essentials like linens, towels, toiletries, and kitchenware. These details contribute significantly to guest satisfaction and positive reviews.

Consider the Neighborhood

  • Choose furnishings that fit the specific neighborhood's style. For example, areas near Bear Creek Park might benefit from more family-friendly and outdoor-oriented decor, while properties in the Keller Town Center might require a more vibrant and modern approach.

Plan Ahead for Delivery and Setup

  • When furnishing from a distance, pre-order key items like beds and sofas, and schedule deliveries to coincide with your availability. Consider hiring local services for delivery and setup of larger items.

Ensure Safety and Compliance

  • Make sure all furnishings and amenities comply with local safety regulations and short-term rental requirements. This includes maintaining insurance and adhering to zoning and occupancy rules.
Insider Tips

Discover Grand Prairie, Texas: Local Attractions and Insider Tips

Local Attractions

Outdoor and Recreational Activities

  • Loyd Park and Lynn Creek Park: Enjoy camping, swimming, water skiing, and boat rentals at Joe Pool Lake. These parks also feature beaches, group picnic sites, and playgrounds. Don't miss the annual Prairie Lights display at Lynn Creek Park.
  • Turner Park: Known for its disc golf course, one of the top in North Texas. This park is also Grand Prairie's first heritage park.
  • Epic Waters Indoor Waterpark: One of the largest indoor waterparks in Texas, featuring various water slides and attractions. It is ranked as the third best in the nation by USA Today.

Sports and Entertainment

  • Lone Star Park: A thoroughbred horse racing track that also hosts the Lone Star Music Series with national acts. It's a great place to enjoy horse racing and live music.
  • The Ballpark in Grand Prairie: Although the Grand Prairie AirHogs ceased operations, the ballpark still offers a unique experience with its playground, pool, and bar and grill.
  • Grand Prairie Stadium: Home to the Texas Super Kings major league cricket team, offering exciting cricket matches.

Shopping and Markets

  • Traders Village: The largest flea market in Texas, open on weekends, featuring carnival rides, food, and a wide range of shopping options.
  • Grand Prairie Premium Outlets: Over 100 stores offering daily discounts on designer wear.

Unique Attractions

  • Louis Tussaud's Palace of Wax & Ripley's Believe It Or Not: A wax museum and odditorium with interactive exhibits and a 7D movie theater.
  • The Theatre at Grand Prairie: A venue hosting concerts and other events. Previously known as the Verizon Theatre at Grand Prairie.
  • Uptown Theatre: A historic playhouse and venue for live performances, restored to its former glory.

Other Highlights

  • GPX Skate Park/Alliance Skate Park: A skate park that has hosted X Games trials and offers facilities for skaters of different skill levels.
  • Tangle Ridge Golf Club: A highly-rated public golf course with challenging holes and well-manicured greens.

Insider Tips

Getting Around

  • Via Grand Prairie: Use the city's on-demand, shared public transportation service, which connects to DART's West Irving station.

Dining and Nightlife

  • Firehouse Gastro Park: A unique dining experience with a variety of food options and a lively atmosphere.
  • Chicken N Pickle: A fun spot for food, drinks, and entertainment, including pickleball courts.

Seasonal Events

  • Prairie Lights: A seasonal display featuring over three million lights on more than 500 lighted displays. It's a must-see during the holiday season.

Local Insights

  • Belt Line Road: A major thoroughfare that can help you navigate the city. It is dual-labelled as FM 1382 south of Main Street.
  • Joe Pool Lake: A great spot for water activities and relaxation, located within Loyd Park and Lynn Creek Park.

By sharing these attractions and tips, you can ensure your guests have a memorable and enjoyable stay in Grand Prairie, Texas.

Practical Tips

Practical Tips to Run a Successful Short Term Rental Business in Grand Prairie, Texas

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

Noise Regulations and Quiet Hours

Inform your guests about quiet hours to maintain a peaceful environment for both the guests and the neighbors. Include this information in your digital and physical house manual, and consider posting reminders in the rental property.

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 link or app) and physical (a printed copy available in the rental property). Ensure it covers all aspects of the property, including safety equipment locations and how to use appliances.

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 consider sending a welcome message with all the necessary details before their arrival.

Parking Instructions with Photos

Given Grand Prairie's strict parking regulations, it is crucial to provide clear parking instructions. Include photos of the designated parking spaces in your house manual and ensure guests understand that street parking is not allowed. Upload a site plan identifying the location of parking spaces as part of your Short-Term Rental Permit application to comply with city requirements.

By implementing these tips, you can ensure a smooth and enjoyable experience for your guests while adhering to the local regulations in Grand Prairie, Texas.

Local Vendors

Here is a brief list of house cleaning services and related providers in Grand Prairie, Texas:

House Cleaning Services

Aloha Maids

  • Offers deep cleaning, kitchen cleaning, bathroom service, living area cleaning, move-in/move-out cleaning, and more.
  • Customizable services, including weekly, biweekly, or one-time cleanings.
  • Referral agency with experienced and vetted cleaners.

Merry Maids of Ft. Worth

  • Provides personalized house cleaning services, including apartment cleaning, detailed cleaning, holiday cleaning, and move-in/out cleaning.
  • Uses eco-friendly cleaning products and offers a 100% satisfaction guarantee.
  • Services include deep cleaning, disinfection, and organizational services.

Love My Maids

  • Offers recurring maid services (weekly, biweekly, monthly), one-time deep cleanings, move-in/out cleanings, and vacation rental turn over services.
  • Provides professional disinfecting services and participates in the nonprofit "Cleaning For a Reason."
  • 24-hour cleaning warranty and a focus on community service.

General Cleaning and Maintenance Platforms

Care.com

  • Lists multiple house cleaning services in Grand Prairie, allowing users to compare rates, reviews, and experience.
  • Average rate of $19/hr as of October 2024.

HomeAdvisor

  • Connects homeowners with various maid services and cleaning professionals in Grand Prairie.
  • Provides reviews, cost estimates, and information on services such as pressure washing, window cleaning, and gutter cleaning.
Management fees

Grand Prairie, Texas: Understanding Short-Term Rental Management Fees

In Grand Prairie, Texas, 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, which includes comprehensive tasks such as guest communication, marketing strategies, and maintenance, tends to be on the higher end of this spectrum, often ranging between 20% to 30% of the rental income.

Basic services, which may include only essential management tasks, can be less expensive, falling closer to the 10% to 15% mark. Additionally, property owners may incur extra fees for services like cleaning, repairs, or design enhancements, which can further impact the overall cost of managing their short-term rental properties. Ensuring compliance with Grand Prairie's strict short-term rental regulations, including obtaining necessary permits and paying hotel occupancy taxes, is also a critical aspect of the management process.

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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

Short Term Rental Calculator

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

35,000+ Properties
Hosts stay with RedAwning
1,000,000,00 Nights Booked
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50+ Top Booking Channels
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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 Grand Prairie.

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 Texas