Airbnb & VRBO Performance in Lake Havasu Arizona.

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Lake Havasu, Arizona: Airbnb & VRBO Vacation Rental Market Overview

Lake Havasu, Arizona, is a thriving short-term rental market, boasting a 43% occupancy rate, an average daily rate of $284, and annual revenues of $22,091, making it an attractive and profitable destination for investors and hosts.

Market overview

Thriving Short-Term Rental Market in Lake Havasu, Arizona

Lake Havasu, Arizona, is experiencing a robust and lucrative short-term rental market, making it an attractive destination for both investors and travelers. With an average occupancy rate of 43% and an impressive average daily rate of $284, the area is witnessing significant revenue potential. According to recent data, short-term rentals in Lake Havasu City generate an average monthly revenue of $22,091, driven by a steady stream of visitors drawn to the city's year-round lake and beach access, outdoor activities, and family-friendly attractions. The city's strategic location, accessible from Las Vegas, the SoCal area, and Phoenix, further enhances its appeal, making it a prime spot for vacation rentals with high occupancy rates and substantial revenue opportunities.

Short Term Regulations

Short-Term Rental Regulations in Lake Havasu City, Arizona for 2024

Registration and Permitting

  • Short-term and vacation rental property owners must register and obtain a permit for each property prior to offering it for rent.
  • The registration process includes providing the property address, owner's name, address, phone number, and email, as well as the name, address, and phone number of the owner’s designee or agent.

Licensing and Fees

  • Each short-term rental requires a separate permit, which is valid for 1 year and must be renewed annually. The annual fee is $250.

Compliance with Laws and Regulations

  • Owners must comply with all applicable fire, building, health, and safety codes, as well as other relevant laws and ordinances.
  • Ensure guests do not create unreasonable noise disturbances, engage in disorderly conduct, or violate other relevant provisions.

Notification and Communication

  • Notify adjacent and directly across the street single-family residential properties, or all multi-family residential building units on the same floor, of the intent to rent the property.
  • Provide an emergency point of contact who is available 24/7 to respond to complaints and emergencies within specified time frames (30 minutes by phone, 45 minutes in person).

Tax Requirements

  • Maintain a current Transaction Privilege Tax (TPT) license from the Arizona Department of Revenue and list the TPT license number and local regulatory permit number on all advertisements.
  • Pay a total hotel activity tax rate of 10.5% of gross income.

Property Maintenance

  • Ensure trash and refuse are not left stored in public view except in proper containers.
  • Prevent the use of the property for non-residential use and maintain a residential feel in the neighborhood.

Posting Requirements

  • Post a notice in the property with applicable rules and the emergency point of contact’s information in 14-point or larger bold font on laminated or protected paper.

Violations and Penalties

  • Violations will be subject to daily penalties starting at $500.

Additional Requirements

  • Provide evidence of insurance and a form of personal identification to apply for the permit.
  • Include the required acknowledgment of Lake Havasu City Code Chapter 5.20, Vacation Rentals.
  • Ensure occupancy limits are in accordance with the 2018 International Property Maintenance Code (IPMC), Section 404.
Neighborhood Performance

Top Neighborhoods for Airbnb Revenue in Lake Havasu City, Arizona

1. Kings View

  • Why it's appealing: This neighborhood is highly sought after due to its waterfront properties, many of which offer panoramic views of the lake, channel, and the famous London Bridge. Guests can enjoy fully furnished condos, large lakeside decks, BBQ facilities, and easy access to the lakefront and Rotary Park. The proximity to English Village and the luxurious amenities such as community pools and hot tubs make it a favorite among visitors.

2. Queens Bay

  • Why it's appealing: Queens Bay is popular for its modern and newly renovated condos that provide stunning views of the golf course and the surrounding landscape. Guests appreciate the close proximity to restaurants, cafes, and shopping areas. The condos often come with fully stocked kitchens, access to pools and jacuzzis, and are ideal for families, couples, and groups of friends looking for a relaxing getaway with plenty of adventure activities nearby.

3. The Island (across London Bridge)

  • Why it's appealing: Located between the Marina and the free boat launch, this area is perfect for those with boats or watercraft. The townhouses here offer multiple bedrooms, lofts, and ample parking for boats and RVs. Guests enjoy the gated community, pool, spa, BBQ areas, and the convenience of being close to bike paths and walking trails.

4. Hacienda Meadows

  • Why it's appealing: This neighborhood is favored for its cozy homes that are just a short drive from the lake. Guests like the trendy decor, RV and boat parking facilities, and the amenities such as small dipping pools and BBQ areas. The homes are well-equipped with indoor laundry, large backyards, and fun games, making them ideal for family vacations.

5. Downtown Lake Havasu City

  • Why it's appealing: Being close to the iconic London Bridge, downtown shopping, restaurants, and Starbucks makes this area highly attractive. Guests can enjoy studio apartments and condos with gated private patios, fully supplied bathrooms, and dedicated parking areas for boats and trucks. The proximity to various amenities and attractions ensures a convenient and enjoyable stay.

These neighborhoods are particularly appealing due to their combination of scenic views, convenient locations, and a range of amenities that cater to different types of travelers, from families to adventure seekers.

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Design Tips

Furnishing and Design Tips for an Inviting Airbnb in Lake Havasu, Arizona

Understanding the Local Style

  • Lake Havasu City is known for its desert landscape, lake views, and outdoor recreational opportunities. Incorporate elements that reflect this unique environment, such as natural materials, desert-inspired colors, and ample outdoor living spaces.

Budgeting and Prioritization

  • Set a budget and prioritize spending on key areas. Focus on the living room as it is often the central gathering space for guests.
  • Allocate funds to "statement pieces" like couches, coffee tables, and dining room tables that define the space.

High-End Furnishing

  • Invest in high-end furnishing to create a luxurious and inviting atmosphere. This can include modern and comfortable furniture, smart home technology, and premium appliances.

Outdoor Living

  • Emphasize outdoor living spaces, which are crucial in Lake Havasu City. Include features like outdoor kitchens, patios, BBQ areas, and poolside amenities to enhance the guest experience.

Local Touches

  • Add local touches such as plants, which can liven up the space and bring in a natural element. Consider using cacti and succulents that are native to the desert environment.

Technology and Amenities

  • Incorporate modern technology such as smart TVs, home automation systems, and high-speed WiFi to make the stay convenient and enjoyable.

Comfort and Cleanliness

  • Ensure the space is clean, comfortable, and well-maintained. Pay attention to details like new towels, cookware, and appliances to create a welcoming environment.

Thematic Consistency

  • Maintain a consistent theme throughout the property. For example, a modern style luxury home should have cohesive modern decor and furnishings.

Guest-Centric Design

  • Design the space with the guest in mind. Include amenities like game rooms, indoor laundry, and fully equipped kitchens to make the stay as comfortable and enjoyable as possible.

Privacy and Views

  • If the property has a view, such as a lake view, ensure that the design maximizes this feature. Use elements like large windows, rooftop decks, or outdoor seating areas to take advantage of the view.

Pet-Friendly Considerations

  • If the property is pet-friendly, include amenities like a small dog run or pet-friendly outdoor spaces to cater to guests with pets.
Insider Tips

Local Attractions and Insider Tips for Lake Havasu, Arizona

Must-See Attractions

London Bridge

  • Located just two miles from Lake Havasu State Park, this historic landmark is a must-visit.
  • Insider Tip: Take a stroll across the bridge and enjoy the surrounding shops and restaurants.

Lake Havasu State Park

  • Offers boating, kayaking, canoeing, picnicking, and camping.
  • Park Entrance Fee: $15 Mon – Thur, $20 Fri – Sun and Holidays (per vehicle up to 4 people, $3 per additional person).
  • Insider Tip: Visit the park to see several of the Lake Havasu Lighthouses, including Cape Hatteras, Cape Henry, and East Quoddy. It’s also a great spot for RV camping or staying in one of their cabins.

Lake Havasu Lighthouses

  • A series of miniature lighthouses replicated from famous lighthouses across the country.
  • Insider Tip: These lighthouses are fully functional and help keep boaters safe after dark. You can see several of them in Lake Havasu State Park and Rotary Community Park.

Bridgewater Channel

  • A popular spot for boating and people-watching.
  • Insider Tip: This channel was created when the London Bridge was built and is a great place to pull your boat up to the beach during summer months.

Rotary Community Park

  • The largest public beach and park in Lake Havasu City, featuring boat access, picnic tables, volleyball courts, swimming beaches, and a skate park.
  • Insider Tip: This park is ideal for families and offers a variety of amenities, including bocce ball courts and playgrounds. You can also find two lighthouses here.

SARA Park

  • Special Activities Recreational Area with hiking trails, mountain biking, a dog park, motocross tracks, rodeo grounds, and more.
  • Insider Tip: The Saras Crack in the Wall/Mountain hike is a popular trail with a natural slide portion. Be sure to bring plenty of water and avoid hiking during the hottest part of the day.

Topock Gorge

  • Known as the "miniature Grand Canyon," this area is part of the Havasu National Wildlife Refuge and is great for boating, kayaking, and wildlife viewing.
  • Insider Tip: Enjoy the sandy beaches and the no-wake zone, making it perfect for a peaceful day on the water. Don’t miss the Bluewater Jetboat Tour to see 3,500-year-old petroglyphs and rock formations.

Other Attractions

Lake Havasu Aquatic Center

  • Features lap lanes, kiddie pools, a water slide, and full locker rooms.
  • Insider Tip: A great place to take your family for fun in the water, especially during the hot summer months.

Havasu National Wildlife Refuge

  • Excellent for birding and hiking, with over 350 identified species of birds.
  • Insider Tip: Explore the riparian-desert interface and enjoy the diverse wildlife, including bighorn sheep and wild burros.

Copper Canyon

  • A popular party spot known for its colorful, steep rocky walls and abundant wildlife.
  • Insider Tip: This area is part of the Lake Havasu Wildlife Refuge and offers beautiful scenery and opportunities for boating and kayaking.

Bill Williams River National Wildlife Refuge

  • Located at the southern-most part of Lake Havasu, it offers great opportunities for birding and hiking.
  • Insider Tip: Explore the diverse ecosystems and wildlife of this refuge.

Insider Tips

  • Boat Rentals: If you don’t have a boat, Lake Havasu City offers various rental options for a fun day on the lake.
  • Hidden Beaches: Rent a boat or personal watercraft to explore the multitude of hidden beaches and coves around Lake Havasu.
  • Fishing: Lake Havasu is renowned for its year-round fishing, with opportunities to catch record Redear Sunfish, Smallmouth and Largemouth Bass, and Striped Bass.
  • Off-Roading: The area has a network of 1,800 trails suitable for off-road adventures, offering beautiful views of Lake Havasu.
  • Local Events: Check the Lake Havasu City website for upcoming events and activities at SARA Park and other local attractions.

By sharing these attractions and insider tips, you can help your guests make the most of their visit to Lake Havasu, Arizona.

Practical Tips

Practical Tips to Run a Successful Short-Term Rental Business in Lake Havasu, Arizona

To ensure a smooth and profitable short-term rental business in Lake Havasu, Arizona, several key practices can be implemented. First, it is crucial to comply with local noise regulations by informing guests about quiet hours through clear communication in both digital and physical house manuals. These manuals should also include essential instructions, Wi-Fi passwords, and other pertinent information to enhance the guest experience.

A simplified check-in process can be achieved by utilizing smart locks, which eliminate the need for physical key exchanges and provide guests with immediate access upon arrival. Additionally, providing detailed parking instructions accompanied by photos can help avoid confusion and ensure a hassle-free stay.

By adhering to Lake Havasu City Code Chapter 5.20, which includes regulations on noise, trash, parking, and disorderly conduct, you can maintain a positive relationship with neighbors and local authorities. This comprehensive approach not only ensures compliance with local laws but also contributes to a satisfied and respectful guest experience, leading to better reviews and repeat bookings.

Local Vendors

Here is a brief list of house cleaning, and some related maintenance providers in Lake Havasu, Arizona:

House Cleaning Services

Spruce Goose Cleaning

  • A family-owned business since 1994, offering residential, commercial, and vacation cleaning services. Licensed, bonded, and insured.

The Cleaning B's

  • Family-owned, licensed, bonded, and insured. Provides standard and deep house cleaning, office cleaning, window cleaning, and trash services.

Top-Rated Airbnb Cleaners on Turno

  • Several individual cleaners and companies listed, including:
  • Erica: Specializes in vacation rentals and second homes, with verified bonding, background check, and liability insurance.
  • Cherisse: Focuses on vacation rentals and second homes, with detailed cleaning and equipment.
  • Laura: Specializes in vacation cleaning with a detail-oriented team and fluff-and-fold laundry service.
  • Cherawna: Offers vacation rental cleaning with a crew, COVID cleaning specials, and errand services.
  • Ana Helen: Local cleaning business with streamlined processes and effective communication.

General House Cleaning and Maintenance

Various Providers Listed on Care.com

  • A list of 12 house cleaning services in Lake Havasu City, with rates starting at $18.88/hr and an average experience of 4 years.

Providers Listed on Angi

  • A list of the top 10 best house cleaners in Lake Havasu City, with costs ranging from $100 to $1,000 depending on the services needed.
Management fees

Managing Your Lake Havasu, Arizona, Short-Term Rental: Understanding Fees and Services

When considering short-term rental management for your property in Lake Havasu, Arizona, it's crucial to understand the associated fees and the level of service provided. Management fees typically range from 10% to 30% of the rental revenue, with full-service management, which includes guest communication, marketing, and maintenance, usually falling on the higher end of this spectrum. Basic services, such as listing and booking management, may incur lower fees. Additionally, you might encounter extra charges for cleaning, repairs, or design enhancements to keep your property attractive and well-maintained. These fees vary among management companies, such as Empty Spaces Vacation Rental Management, Destination Havasu, and Integrity Arizona Vacation Rentals, each offering different levels of service to cater to your specific needs and ensure a successful rental experience.

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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 Lake Havasu should generate as a short term rental and look at the performance of properties around yours.

35,000+ Properties
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1,000,000,00 Nights Booked
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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 Lake Havasu.

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 Arizona