Airbnb & VRBO Performance in Harbor Point Michigan.

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Harbor Point, Michigan: Airbnb & VRBO Vacation Rental Market Overview

Harbor Springs, Michigan, presents a promising opportunity for short-term rental investments, with a Return on Investment (ROI) Score of 64 out of 100 and a structured licensing program to ensure seamless integration with the local community.

Market overview

Thriving Short-Term Rental Market in Harbor Springs, Michigan

Harbor Springs, Michigan, is experiencing a robust performance in the short-term rental market, making it an attractive destination for both travelers and investors. Despite the absence of specific 2024 data for Harbor Springs in the sources, historical trends and nearby market analyses suggest promising outcomes. For instance, in similar coastal and tourist-friendly areas, occupancy rates have been impressive, with some locations like Indialantic, Florida, projected to achieve occupancy rates of up to 70% in 2023.

While exact figures for Harbor Springs are not provided, the city's stringent licensing process and ordinances indicate a well-structured and growing short-term rental sector. The Rabbu ROI Score for Harbor Springs stands at 64 out of 100, indicating a decent return on investment potential. With its charming local environment and tourist appeal, Harbor Springs is poised to continue attracting travelers, thereby maintaining a healthy occupancy rate and average daily rates that are competitive with other popular vacation spots.

Short Term Regulations

Short-Term Rental Regulations in Harbor Springs, Michigan for 2024

Licensing and Compliance

  • Short-term rentals are permitted for residential properties on a short-term basis (30 days or less), but require a licensing process to be in place. Fines may be levied on unlicensed properties.
  • Property owners with multiple short-term rental properties must fill out an application for each rental unit.

Local Ordinances

  • The City of Harbor Springs has an ordinance (Ordinance No. 437, modified by Ordinance No. 439) that governs short-term rentals, ensuring they align with the city's values.

Safety and Insurance Requirements

  • While specific safety measures are not detailed in the Harbor Springs ordinance, state-level bills propose requirements such as listed escape plans, local first responder numbers, fire extinguishers, smoke alarms, and carbon dioxide alarms. Additionally, a $1 million liability insurance requirement is suggested at the state level.

Local Regulation Powers

  • Cities, including Harbor Springs, are allowed to regulate short-term rentals, including limiting their number and enforcing zoning laws. Local governments can also revoke short-term rental permits for violations of local ordinances or zoning laws.

State-Level Proposals (Pending)

  • A proposed 6% excise tax on short-term rentals used up to and over 15 days, in addition to the existing 6% use tax. This tax could be added to the rental’s occupancy charge.
  • Hosting platforms like Vrbo and Airbnb may be required to pay a $100 annual registration fee per listing, capped at $50,000.

Registration and Database

  • Proposed state regulations include the requirement for short-term rentals to be registered with the Michigan Department of Licensing and Regulatory Affairs (LARA) and included in a short-term rental database.
Neighborhood Performance

Top Neighborhoods for Airbnb Revenue in Harbor Springs, Michigan

While the specific query mentions Harbor Point, the provided sources primarily focus on Harbor Springs, which is a nearby and more extensively covered area. Here are the top neighborhoods or areas in Harbor Springs that are likely generating significant Airbnb revenue, along with reasons why they are appealing to guests:

Downtown Harbor Springs

  • Appeal: Central location, historical charm, proximity to Main St., restaurants, and shops. Properties like "The Bird’s Nest" loft, which is highly rated for its historical charm and modern amenities, make this area highly attractive.

Crooked Lake Area

  • Appeal: Waterfront properties, access to an all-sports lake, and amenities such as beaches, kayaks, and boat slips. The "Cozy Lakefront Condo" and "Waterfront Condo on Crooked Lake" are popular choices due to their scenic views and recreational opportunities.

Farm and Rural Areas

  • Appeal: Scenic views, farm settings, and proximity to outdoor activities like skiing, golf, biking, and hiking. The "Harbor Springs Farm Apartment" is a favorite for its panoramic views and private living space.

Boyne Highlands and Nubs Nob Areas

  • Appeal: Close proximity to renowned ski resorts and golf courses. Properties like the "Private 2BR Centrally Located Loft" and "Mountain Cabin overlook Boyne near Nubs W/ Hot Tub" are popular for their easy access to these attractions.

Petoskey State Park and Tunnel of Trees Areas

  • Appeal: Natural beauty, easy access to Petoskey State Park, and the scenic Tunnel of Trees. Properties such as the "Cozy In-Law Suite" and "Harbor Home on Hill" are favored for their location near these natural attractions.

These neighborhoods are appealing due to their unique blend of natural beauty, recreational opportunities, and convenient access to local attractions, making them highly sought after by Airbnb guests.

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Design Tips

Tips for Furnishing and Designing an Inviting Airbnb in Harbor Point, Michigan

Understand the Local Style

  • Harbor Point, Michigan, is known for its coastal charm and natural beauty. Incorporate a blend of modern comfort and coastal elements, such as nautical themes, natural materials, and soft color palettes to create a refreshing atmosphere.

Choose Statement Pieces

  • Invest in statement pieces like couches, coffee tables, credenzas, and dining room tables that define the space. These pieces should be of high quality and reflect the local style to make a lasting impression.

Select Comfortable and Stylish Furniture

  • Opt for large, comfortable seating options that are both stylish and functional. This will ensure guests feel at home and can relax in the space.

Add Local and Artisanal Touches

  • Incorporate local craftsmanship and vintage finds that reflect the area's heritage. This adds unique character to the space and makes it more appealing to guests.

Enhance with Plants and Greenery

  • Adding a few plants here and there can significantly liven up the space and create a welcoming atmosphere.

Focus on Key Areas

  • Determine which areas of the home to splurge on. Typically, the living room is the showpiece, but consider the dining room or kitchen as well, depending on your target guests' needs.

Provide Well-Equipped Kitchens

  • Ensure the kitchen is well-equipped with modern appliances and necessary utensils. This is crucial for guests who plan to cook during their stay.

Include Family-Friendly Features

  • If targeting families, include amenities like cribs, high chairs, and games to enhance the attractiveness of the listing.

Utilize Outdoor Spaces

  • If the property has outdoor areas, make sure they are spacious and well-maintained. Features like hot tubs, pools, and recreational equipment can be major selling points.

Maintain Consistency in Decor

  • Avoid mixing too many different styles. Stick to a cohesive theme that reflects the local charm and ensures a harmonious living space.

Pay Attention to Details

  • Use high-quality linens, mirrors, jars, and containers to add a touch of elegance and completeness to the space. Small details can make a significant difference in guest satisfaction.
Insider Tips

Discovering Harbor Springs, Michigan: Local Attractions and Insider Tips

Local Attractions

Outdoor Activities

  • Little Traverse Wheelway: A scenic paved trail from Harbor Springs to Charlevoix, perfect for biking and walking with stunning views of Lake Michigan.
  • Thorne Swift Nature Preserve: A 30-acre nature preserve with trails, boardwalks, and a beach area ideal for bird-watching and enjoying local flora and fauna.
  • North Country Trail: Part of the longest National Scenic Trail in the U.S., offering challenging hikes through diverse terrains near Harbor Springs.
  • Zorn Park Beach: A sandy beach in downtown Harbor Springs, great for swimming, sunbathing, and picnicking with lifeguards on duty during peak season.
  • Petoskey State Park: Just a short drive away, offering beautiful beaches, dunes, and hiking trails.

Cultural and Historical Sites

  • Andrew J. Blackbird Museum: Dedicated to the history and culture of Native American tribes, featuring insightful exhibits and educational programs.
  • Harbor Springs Historical Society and Museum: Provides a rich history of Harbor Springs through exhibits, artifacts, and guided tours.
  • Crooked Tree Arts Center: Located in nearby Petoskey, hosting rotating art exhibits, performances, and workshops showcasing local and regional talent.

Downtown Harbor Springs

  • Main Street: Explore the charming downtown area filled with boutique shops, art galleries, and cafes within historic buildings.
  • Hanni Gallery: Showcases work from Michigan artists, including jewelry, pottery, and textiles.
  • American Spoon: A local gourmet shop offering artisanal jams, sauces, and other culinary delights.

Scenic Drives and Nature

  • Tunnel of Trees (M-119 Heritage Route): A scenic drive from Harbor Springs to Cross Village, especially renowned for its fall colors.
  • Deer Park: A fun spot for families to see deer up close.

Festivals and Events

  • Harbor Springs Festival of the Book: A literary festival held in September with author readings, book signings, and workshops.
  • Bay Harbor Arts Festival: An annual summer event featuring local and regional artists, live music, food vendors, and activities for all ages.
  • Waterfront Wine Festival: Enjoy local and regional wines, gourmet food, and live entertainment on the waterfront.
  • Harbor Springs Pumpkin Festival: Celebrates the fall season with pumpkin carving, hayrides, and autumnal treats.

Insider Tips

Dining

  • Stafford's Pier Restaurant: Offers waterfront dining with a menu highlighting local fish and produce.
  • POUR Kitchen & Bar: Known for its sandwiches and perfect for a quick, delicious meal.
  • Vernales: A blend of upscale dining and a comprehensive wine list.

Nightlife

  • The Paper Station: A vibrant bar scene with craft beers, wines, and creative cocktails.
  • Bar Harbor: A laid-back local bar serving a variety of drinks alongside bar snacks and pub fare.
  • Pierson’s Grille & Spirits: Known for its extensive drink menu, friendly atmosphere, live music, and seasonal events.

Seasonal Activities

  • Summer: Enjoy sailing, kayaking, beach activities, and the Fourth of July Parade and fireworks.
  • Fall: Take in the spectacular fall foliage, drive the Tunnel of Trees, and participate in the Harbor Springs Pumpkin Festival.
  • Winter: Engage in snowmobiling, downhill and cross-country skiing, snowshoeing, and attend the February Ice Fest.
  • Spring: Experience the wild trillium blooming, morel mushroom hunting, and the Zoo-de-Mack bike event from Boyne Highlands to Mackinac Island.

Additional Tips

  • Little Traverse Conservancy: Explore over 8 nature preserves protected by the conservancy, ideal for hiking, photography, and other recreational activities.
  • Harbor Point Golf Club: Offers beautiful walking paths and scenic views in addition to golfing.
  • Sunshine Charters: Provides sailing experiences and lessons for all skill levels, allowing guests to enjoy the stunning views of Lake Michigan.

By sharing these local attractions and insider tips, you can help your Airbnb guests make the most of their visit to Harbor Springs, Michigan.

Practical Tips

Practical Tips to Run a Successful Short Term Rental Business in Harbor Springs, Michigan

To ensure a smooth and profitable short-term rental business in Harbor Springs, Michigan, several practical tips can be implemented:

Noise Regulations and Guest Communication

Inform guests about noise regulations and quiet hours through clear communication in the rental agreement and a digital or physical house manual. This helps maintain a good neighbor policy, as emphasized by local ordinances, and prevents potential fines for noise violations.

Comprehensive House Manual

Create a detailed digital and physical house manual that includes essential instructions, Wi-Fi passwords, and other important information. This manual should be easily accessible to guests, ensuring they have all the necessary details to enjoy their stay without needing constant support.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with a unique access code and detailed instructions on how to enter the property. Additionally, include parking instructions with photos to avoid any confusion and ensure a smooth arrival experience.

By following these tips, you can enhance guest satisfaction, comply with local regulations, and maintain a well-organized and profitable short-term rental business in Harbor Springs.

Local Vendors

Here is a brief list of house cleaning, repair, or maintenance providers in or around Harbor Springs, Michigan, which includes the Harbor Point area:

House Cleaning Services

  • Harbor Shores Cleaning Company: Offers residential, deep clean, commercial, and vacation home cleaning services. They serve Harbor Springs, Petoskey, Charlevoix, and surrounding areas.
  • Crystal Clean & Professional Services: Provides recurring residential cleaning, vacation rental cleaning, and office cleaning with a focus on client-specific needs and attention to detail.

Other Services

  • Harbor Point USA Service Department: While primarily focused on marine services, they also offer interior cleaning, which could be relevant for some maintenance needs.

Additional Options

  • Bay Area Clean Care: Although primarily known for damage restoration and mold remediation, they also provide various cleaning services and might be a consideration for more specialized cleaning needs in the Petoskey and Little Traverse Bay area.

For more specific and affordable house cleaning services, you can also check local listings on platforms like Care.com.

Management fees

Short-Term Rental Management Fees in Harbor Point, Michigan: A Comprehensive Guide

Managing short-term rentals in Harbor Point, Michigan, involves a range of fees that can vary significantly based on the level of service provided. Typically, management fees for short-term rentals range from 10% to 30% of the rental revenue. Full-service management companies, which handle everything from guest communication and marketing to maintenance and repairs, usually charge on the higher end of this spectrum, often between 20% to 30% of the rental income.

For property owners who require only basic services, the fees can be lower, potentially around 10% to 20%. Additionally, there may be extra fees for specific services such as cleaning, repairs, or property design and optimization. Companies like Freshwater Vacation Rentals and Holiday Vacation Rentals offer flexible commission-based models, where they only earn money when the property is rented, motivating them to maximize bookings and revenue for the property owners. Understanding these fee structures is crucial for property owners to make informed decisions about managing their short-term rental properties effectively.

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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 Harbor Point 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 Harbor Point.

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 Michigan