Airbnb & VRBO Performance in Hammond New York.

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Hammond, New York: Airbnb & VRBO Vacation Rental Market Overview

In Hammond, New York, the short-term rental market remains robust and rewarding, with peak seasons during summer and fall attracting high occupancy rates and premium prices, driven by the area's natural beauty and thriving wine industry.

Market overview

Thriving Short-Term Rentals in Hammondsport, New York

Hammondsport, New York, continues to excel as a vibrant destination for short-term rentals, particularly driven by its renowned wine industry and stunning natural beauty. The area, recognized as the "Coolest Small Town in America" by Budget Travel, experiences robust seasonal demand, peaking during the summer and fall months. During these periods, occupancy rates are significantly higher, allowing hosts to charge premium prices for unique stays that offer a blend of comfort, convenience, and local culture. While specific average daily rates for Hammondsport are not provided, the overall trend in the U.S. short-term rental market suggests a modest increase in Average Daily Rates (ADRs) of around 2.1% in 2024. This positive outlook, combined with the area's attractive offerings, makes Hammondsport an ideal and rewarding location for short-term rental investors and hosts.

Short Term Regulations

Short-Term Rental Regulations in New York State (Relevant to Hammond, NY) for 2024

While the specific regulations for Hammond, NY, are not provided in the sources, the following are the general short-term rental regulations applicable in New York State, which would also apply to Hammond:

Statewide and NYC Regulations

Registration Requirements

  • Short-term rental hosts must register with the City of New York if operating within NYC. This registration is mandatory, and booking services cannot process transactions for unregistered listings.

Building Classifications

  • Short-term rentals are illegal in “Class A” multiple dwellings, which include most residential multifamily buildings. Exceptions may apply for owner-occupied rentals under specific conditions.

Owner-Occupied Rentals

  • Owner-occupied short-term rentals rented out for up to 14 days in a calendar year are exempt from certain regulations. However, they must still comply with other applicable laws and regulations.

Non-Owner Occupied Rentals

  • Non-owner occupied short-term rentals face more stringent regulations, including special permits in certain zones and higher fees for registration and certification.

Prohibited Buildings List

  • Co-op and condo boards can apply to register their buildings on the city's prohibited building list to ban short-term rentals, provided their governing documents specifically prohibit such rentals.

Compliance and Penalties

  • Applicants must certify compliance with applicable codes, resolutions, laws, and other legal requirements. Failure to comply can result in fines ranging from $100 to $5,000.

Booking Service Information

  • Hosts must provide booking service information for all listings on a booking service as part of the registration process.

Fees

  • Fees for registration and certification include annual registry fees, certificate application fees, and property inspection fees, which vary depending on the type of rental.

Local Restrictions

  • Local municipalities like the Village of Lake Placid and the Town of North Elba have introduced specific restrictions, such as moratoriums on new short-term rental permits and limits on the number of rental days per year.

Additional Considerations

Guest Policies

  • Short-term rentals must be offered to only one party of short-term renters at a time and cannot be rented as separate bedrooms, beds, or spaces to separate parties.

Property Inspections

  • Properties may be subject to inspections to ensure compliance with safety and other regulatory requirements.

Given that Hammond, NY, would fall under the broader New York State regulations and not under the specific NYC regulations, the key points above focus on statewide rules and any additional local regulations that might be applicable. However, for precise local regulations in Hammond, NY, it would be necessary to consult local authorities or specific local ordinances.

Neighborhood Performance

Top Neighborhoods for Airbnb Revenue in Hammond, New York

While specific neighborhood data for Hammond, New York, is not provided in the sources, we can infer the appeal of Hammond as a whole and extrapolate reasons why it might be attractive for guests, which can be applied to its various neighborhoods.

Reasons for Appeal

  • Natural Attractions: Hammond is situated near the St. Lawrence River and is part of the Thousand Islands region, making it a popular destination for boating, fishing, and other outdoor activities.
  • Scenic Beauty: The area's picturesque landscapes and waterfront properties offer guests a serene and visually appealing environment.
  • Tourist Activities: Proximity to attractions like Boldt Castle and Singer Castle, as well as other local landmarks, provides a rich cultural and historical experience for visitors.
  • Seasonal Demand: Hammond experiences a strong seasonal demand due to its summer and winter recreational opportunities, ensuring a steady stream of tourists throughout the year.

Hypothetical Top Neighborhoods

Given the general appeal of Hammond, here are some hypothetical neighborhoods that could generate significant Airbnb revenue:

1. Waterfront District

  • Appeal: Direct access to the St. Lawrence River, stunning views, and opportunities for boating and fishing.
  • Revenue Potential: High demand for waterfront properties, especially during peak summer months.

2. Downtown Hammond

  • Appeal: Central location with easy access to local shops, restaurants, and historical sites.
  • Revenue Potential: Year-round demand due to its convenience and proximity to key attractions.

3. Island View Neighborhood

  • Appeal: Panoramic views of the Thousand Islands, tranquil atmosphere, and proximity to outdoor recreational activities.
  • Revenue Potential: High occupancy rates during peak tourist seasons due to its scenic beauty.

4. Riverfront Estates

  • Appeal: Luxury properties with private river access, perfect for families and groups looking for a luxurious getaway.
  • Revenue Potential: High daily rates and strong demand for these premium properties.

5. Historic District

  • Appeal: Historic homes and buildings, charming small-town atmosphere, and proximity to local landmarks.
  • Revenue Potential: Steady demand from tourists interested in history and culture.

While these neighborhoods are hypothetical, they reflect the types of areas that would likely generate significant Airbnb revenue in Hammond, New York, based on the region's overall appeal.

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Design Tips

Creating an Inviting Airbnb in Hammond, New York: Design and Furnishing Tips

Choosing a Theme and Color Scheme

  • Select a theme that aligns with the local environment and culture of Hammond, New York. For example, a rustic or lakehouse theme could be fitting given the area's natural beauty.
  • Stick to a neutral color palette with occasional pops of color to avoid offending conservative guests and to keep the space versatile.

Local Touches

  • Incorporate local elements such as artwork by local painters, photos of the area, or decorative items that reflect the region's history and culture.

Lighting and Natural Light

  • Ensure the space is light and bright. Use mirrors to accentuate areas of light and make the rooms appear larger.
  • Utilize nightlights to provide safe navigation through the space, especially in darker areas like hallways and bathrooms.

Flooring and Storage

  • Focus on improving the flooring; consider replacing old carpets with polished floorboards, tiles, or beautiful rugs. This enhances the overall feel and cleanliness of the space.
  • Provide ample storage options such as hooks, built-in cupboards, and shoe racks to keep guests' belongings organized without cluttering the space.

Aromatherapy and Cleanliness

  • Ensure the space smells fresh and clean. Remove old mattresses, carpets, and other items that might harbor bad odors. Use air fresheners or scented candles sparingly to avoid overpowering guests with allergies or sensitivities.

Decorative Objects

  • Use 1-3 decorative objects per room to add a touch of personality without cluttering the space. These could include unique pieces of furniture, art, or rugs that match the theme.

Statement Pieces

  • Choose a statement piece for each room and design the room around it. This could be a piece of art, a unique piece of furniture, or a colorful rug.

Functional Comfort

  • Ensure each room is functional and comfortable. For smaller bedrooms, consider placing a dresser inside the closet to save space while providing ample storage.
  • Provide high-quality hangers and ensure there is enough hanging space for guests' clothing.

Attention to Detail

  • Pay attention to the small details that make a space feel welcoming, such as adding a decorative throw blanket to the bed for a finished, hotel-like look.
Insider Tips

Discover Hammond, New York: Local Attractions and Insider Tips

Local Attractions

Outdoor Activities

  • Boating and Water Sports: Rent boats from Schermerhorn Harbor, Riverbay Boat Rentals, or Aqua-Mania to explore the St. Lawrence River and surrounding islands.
  • Fishing: Enjoy fishing in the St. Lawrence River and Black Lake. Check fishing reports and forecasts, and visit Chapman's Sport & Marina for equipment and guidance.
  • Hiking and Nature: Explore the beautiful trails and parks in the area, including those in Wellesley Island State Park and Cedar Island State Park.

Historical and Cultural Sites

  • Singer Castle: Located on Dark Island, this historic castle offers a unique glimpse into the past.
  • Boldt Castle: A must-visit attraction in Alexandria Bay, known for its stunning architecture and scenic location.
  • Hammond Museum: Learn about the local history and culture at this museum in Hammond.

Golfing

  • Emerald Greens: A golf course located in Gouverneur, offering a challenging and scenic golfing experience.
  • Lake of the Isles: A golf course on Wellesley Island, known for its beautiful views and well-maintained courses.
  • Wellesley Island State Park Golf Club: Another option for golf enthusiasts, located within the state park.

Dining and Shopping

  • Local Eateries: Enjoy meals at Foster's Harbor Inn, Spicy Olive Café, The Shim Bar, Echo's on the Lake, and Ella's, which offer a range of local and international cuisine.
  • Unique Shops: Browse through family-owned shops in Hammond for handcrafted wares and artisan goods.

Insider Tips

Best Times to Visit

  • Summer: Ideal for boating, fishing, and outdoor activities. The Thousand Islands were voted the "Best U.S. Boat Ride" by USA Today Travel in 2015.
  • Fall and Spring: Great for hiking, bird watching, and enjoying the scenic beauty without the summer crowds.
  • Winter: Perfect for snowshoeing, cross-country skiing, and other winter sports.

Local Events

  • Check Local Calendars: VisitHammondNY.com and other local resources for upcoming events, festivals, and community activities.

Safety and Community

  • Support Local Businesses: Hammond is a small, friendly community; supporting local businesses helps maintain the area's charm and economy.
  • Family-Friendly: Hammond is known for its safe and welcoming environment, making it an excellent choice for family vacations.

Additional Tips

  • Nature and Wildlife: Keep an eye out for geese and other wildlife, and enjoy the serene sunrises and sunsets.
  • Explore Nearby Towns: Visit nearby towns like Alexandria Bay, Canton, and Ogdensburg for additional attractions and experiences.
Practical Tips

Practical Tips to Run a Successful Short-Term Rental Business in Hammond, New York

To ensure a smooth and enjoyable experience for both you and your guests in Hammond, New York, several practical tips can make a significant difference in the success of your short-term rental business.

Noise Regulations and Quiet Hours

Inform your guests about the noise regulations in Hammond, emphasizing quiet hours to avoid any issues with local authorities or neighboring residents. Clearly outline these rules in your digital and physical house manual to set expectations 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 should also cover local amenities, nearby attractions, and any specific rules or regulations of the 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 entrance and any other relevant areas. This ensures a hassle-free arrival and reduces the likelihood of misunderstandings.

Parking Instructions with Photos

Include detailed parking instructions in your house manual, accompanied by photos to help guests identify the correct parking areas. This is particularly important in areas where parking can be limited or regulated, helping to avoid any potential issues or fines.

By implementing these strategies, you can enhance the guest experience, reduce potential conflicts, and maintain a positive reputation for your short-term rental business in Hammond, New York.

Local Vendors

Here is a brief list of house cleaning, repair, and maintenance providers in Hammond, New York:

House Cleaning

  • Sandy Youngs - Cleaning Services: Offers cleaning services for private homes, camps, camp sites, banks, and businesses.
  • Contact: (315) 955-8969.

Repair and Maintenance

  • Henry's Heating & Plumbing: Installs and repairs oil and gas heating systems, water systems, plumbing, air conditioning, and hot tubs. Also provides heating system cleanings.
  • Contact: (315) 578-2312 or (315) 322-3762.
  • Tate's Heating & Plumbing: Provides services for heating, plumbing, electrical work, and excavation.
  • Contact: (315) 324-5380.
  • Mason Mechanicals: Offers general construction, heating, plumbing, and excavation services.
  • Contact: (315) 250-8606.
  • Northsworthy Electric: Specializes in residential and commercial electrical contracting.
  • Contact: (315) 222-5656.
Management fees

Short-Term Rental Management Fees in Hammond, New York: A Comprehensive Guide

In Hammond, New York, short-term rental management fees can vary significantly, typically ranging 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, and maintenance, tends to be on the higher end of this spectrum, often starting at around 15% to 25% of the rental income.

Basic or a la carte services, which may only include specific tasks like cleaning or guest screening, can be less expensive, sometimes starting as low as 10%. Additionally, property owners may incur other fees for services such as cleaning, repairs, or design, which can further impact the overall cost of managing their short-term rentals. Understanding these fee structures is crucial for property owners to make informed decisions and maximize their rental income.

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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 Hammond 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 Hammond.

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 New York