In Irvington, Virginia, short-term rentals are performing well, with an average occupancy rate of 45-49% and generating significant monthly revenue of around $30,077.
Thriving Short-Term Rental Market in Irvington, Virginia
Irvington, Virginia, is experiencing a robust short-term rental market, highlighting the area's appeal to travelers. As of recent data, short-term rentals in Irvington boast an impressive average occupancy rate of 45-49%, indicating a strong demand for these accommodations. Additionally, these rentals are generating significant revenue, with an average daily rate of $338 and a monthly revenue of approximately $30,077. These metrics underscore the viability and attractiveness of Irvington as a destination for both hosts and guests, making it an excellent choice for those looking to invest in or enjoy short-term rentals in the region.
Short-Term Rental Regulations in Irvington, Virginia for 2024
Registration and Licensing
- Annual Registration: Short-term rental operators must register annually by completing and submitting the registration form to the Town of Irvington by March 1st. A $50 fee is required.
- Conditional Use Permit (CUP): New owners or operators must obtain a CUP from the Town Zoning Administrator before submitting the registration form. This process involves a fee and can take 2-3 months.
Tax Requirements
- Transient Occupancy Tax: Operators must pay a 4% Occupancy Tax on the amount received for lodging. The tax must be filed by the 20th day of the month following the receipt of lodging revenue.
Operational Requirements
- Unique Transient Occupancy Tax Number: This number must be included in any advertisement, offering, or written statement about the short-term rental.
- Certificate of Occupancy: First-time registrants must provide a copy of the Certificate of Occupancy or ensure it is on record at the Town Office. If not available, a formal determination from the Zoning Administrator is required.
Compliance and Inspections
- Life-Safety and Structural Inspections: While specific inspection requirements are not detailed for Irvington, it is common in Virginia for short-term rentals to undergo annual life-safety inspections and structural safety inspections every three years.
Advertising and Signage
- Required Signage: Operators must post a sign identifying the property as a short-term rental and providing the phone number of the Short-Term Rental Hotline.
Other Regulations
- Liability Insurance: Operators are typically required to hold liability insurance with at least $1,000,000 in coverage, although this is not explicitly stated for Irvington, it is a common requirement in Virginia.
- Noise and Waste Management: Operators must adhere to noise regulations and ensure proper waste management, including placing refuse in automated refuse receptacles.
- Maximum Occupancy: Specific occupancy limits may apply, but for Irvington, this is not explicitly detailed. However, in other areas, limits such as three individuals per bedroom between 11 P.M. and 7 A.M. are common.
Statewide Regulations
- Statewide Registry: As of 2024, Virginia is establishing a statewide short-term rental registry, requiring accommodations providers and intermediaries to register and provide specific information, including a unique numerical identifier for each property.
Top Neighborhoods for Airbnb Revenue in Irvington, Virginia
Why They Are Appealing to Guests
1. Downtown Irvington
- Appeal: Downtown Irvington is highly appealing due to its walkability to favorite restaurants, shops, and local attractions. Guests praise the convenience and charm of staying in the heart of the town.
- Revenue: Properties in this area tend to have higher occupancy rates and daily rates, contributing significantly to the overall Airbnb revenue.
2. Hills Quarter and Surrounding Cul-de-sacs
- Appeal: These neighborhoods offer charming homes in private cul-de-sac locations, providing a quiet and peaceful stay. Guests appreciate the well-appointed homes, private bedrooms, and amenities like screened porches and fireplaces.
- Revenue: The high ratings and repeat bookings for properties in these areas indicate strong revenue generation.
3. Waterfront and Lakefront Areas
- Appeal: Waterfront properties, such as those on Lake Independence, are highly sought after for their scenic views and access to water activities like kayaking and SUPs. Guests love the combination of natural beauty and available amenities.
- Revenue: These unique stays often command higher daily rates and maintain high occupancy levels, contributing substantially to Airbnb revenue.
4. Areas Near Tides Inn and Local Landmarks
- Appeal: Properties located near popular landmarks like Tides Inn are favored for their proximity to dining, entertainment, and recreational activities. Guests appreciate the stylish and well-maintained homes in these areas.
- Revenue: The strategic location of these properties ensures consistent bookings and higher revenue.
Key Statistics
- Occupancy Rate: Irvington's short-term rentals average a 45% occupancy rate.
- Daily Rate: The average daily rate is $338.
- Monthly Revenue: Properties in Irvington can generate up to $30,077 in monthly revenue.
These neighborhoods are particularly appealing due to their unique combination of location, cleanliness, and amenities, which consistently attract high ratings and repeat bookings from guests.
Creating an Inviting Airbnb in Irvington, Virginia: Design and Furnishing Tips
To craft an Airbnb in Irvington, Virginia, that is both inviting and reflective of the city's unique style, consider the following tips:
Entryway
- Design the entryway to make a strong first impression. Ensure it feels welcoming and special.
- Provide amenities such as a welcome note, local goodies, and any other small touches that make guests feel appreciated.
Living Room
- Lighting Control: Incorporate lamps and dimmer switches to create a versatile and comfortable lighting environment.
- Comfortable Seating: Include soft, clean blankets and pillows with different fill options to cater to various preferences.
- Functional Layout: Ensure the room layout encourages conversation and provides ample space for guests to relax. Consider adding poufs, occasional tables, and swivel chairs.
- Cozy Nooks: Create cozy reading nooks with lamps directly over chairs for a relaxing experience.
Bedroom
- Quality Bedding: Offer high-quality bedding options and provide extra layers in the closet for guest convenience.
- Pillow Variety: Provide two sleeping pillows per guest with different fill options, such as foam-filled or down alternative.
- Temperature Control: Install ceiling fans or other temperature control measures to ensure guest comfort.
- Bedside Amenities: Include bedside tables and lamps for each guest, with features like USB ports or wireless charging.
- Blackout Shades: Use blackout shades to cater to different sleep preferences.
General Amenities
- Local Touches: Add local goodies, such as jams, soaps, and snacks, to give guests a taste of the area.
- Family-Friendly: If targeting families, include family board and card games, and ensure the space is clean and well-stocked with essentials like toiletries and laundry detergent.
- Cleanliness and Organization: Maintain a spotlessly clean environment and organize linens and other essentials for easy access and cleaning.
Outdoor Spaces
- Utilize Outdoor Areas: If the property has outdoor spaces like a screened porch or hot tub, ensure they are well-maintained and inviting. These can be significant selling points for guests.
Personalized Experience
- Personalized Welcome: Offer personalized welcome gifts and notes to make guests feel special.
- Flexible Check-Out: Consider offering flexible check-out times when possible to enhance the guest experience.
By incorporating these elements, you can create an Airbnb in Irvington, Virginia, that not only reflects the city's unique charm but also provides a luxurious and inviting space for your guests.
Practical Tips to Run a Successful Short Term Rental Business in Irvington, Virginia
To ensure the success of your short-term rental business in Irvington, Virginia, several practical tips can make a significant difference in guest satisfaction and compliance with local regulations.
Noise Regulations and Guest Communication
Inform your guests about quiet hours and noise regulations to maintain a peaceful environment for both the guests and the neighbors. Include this information in your digital and physical house manual to avoid any misunderstandings.
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 in the property or via a digital link provided upon booking.
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, along with photos and videos to ensure a smooth arrival experience.
Parking Instructions
Include detailed parking instructions with photos in your house manual. This helps guests understand where they can park and how to navigate any parking restrictions, reducing the likelihood of parking-related issues.
By implementing these strategies, you can enhance the guest experience, reduce potential conflicts, and ensure compliance with local regulations, such as those outlined by the Town of Irvington regarding short-term rentals.
Here is a brief list of house cleaning, repair, or maintenance providers in Irvington, Virginia:
House Cleaning Services
- Sparkling and Beyond: Offers professional cleaning services for residential and commercial properties.
- Clarke's Cleaning & General Maintenance Inc: Provides house cleaning and general maintenance services.
- Clean 4 U: Offers house cleaning services.
- The Bride and Groom Cleaning Services: Specializes in house cleaning.
- Dependable Cleaning: Provides reliable house cleaning services.
General Maintenance
- Clarke's Cleaning & General Maintenance Inc: Also offers general maintenance services in addition to house cleaning.
Short-Term Rental Management Fees in Irvington, Virginia
In Irvington, Virginia, the management fees for short-term rentals can vary significantly based on the level of service provided. Typically, these fees range from 10% to 30% of the rental revenue. Full-service management, which includes comprehensive services such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often ranging between 20% to 30% of the rental income. In contrast, basic services that offer fewer amenities may incur lower fees, generally around 10% to 15%. Additionally, property managers may charge extra fees for specific services like cleaning, repairs, or design, further impacting the overall cost for the property owner.