Lawrenceville, Georgia, is experiencing robust performance in the short-term rental market, with an average 46% occupancy rate, a $144 daily rate, and $9,195 in monthly revenue, driven by high demand during peak seasons and a diverse range of attractions.
Thriving Short-Term Rental Market in Lawrenceville, Georgia
Lawrenceville, Georgia, is experiencing a robust and vibrant short-term rental market, driven by its unique blend of small-town charm and proximity to Atlanta. The city's rich history, vibrant arts scene, numerous parks, and recreational facilities, along with its growing reputation as a foodie destination, make it an attractive spot for a diverse range of travelers. Currently, short-term rentals in Lawrenceville boast an average occupancy rate of 46%, with an average daily rate of $144, translating to approximately $9,195 in monthly revenue.
This strong performance is further bolstered by seasonal peaks, particularly during late spring and summer months, when events like those at the Aurora Theatre and Gwinnett Braves games draw large crowds. Even during off-peak seasons, the city benefits from holiday events and major happenings in nearby Atlanta, ensuring a steady stream of visitors. With such favorable market conditions, hosts in Lawrenceville are well-positioned to maximize their revenue and provide exceptional experiences for their guests.
Short-Term Rental Regulations in Lawrenceville, Georgia for 2024
Registration and Licensing
- All short-term rental properties must be registered and obtain a business license, which includes an annual fee.
Zoning Compliance
- Hosts must adhere to local zoning laws, which may restrict the ability to rent out certain types of properties or in certain areas.
Occupancy Limits
- There are occupancy limits based on the size and type of the property.
Tax Compliance
- Hosts are responsible for collecting and remitting the appropriate amount of local occupancy tax on the rental income they earn.
- Short-term rentals are required to pay state sales tax (4%) and a hotel-motel fee, though specific local taxes may also apply.
Property Requirements
- No exterior evidence should indicate that the property is being used as a short-term rental, although this is more of a general guideline rather than a strict law in Lawrenceville.
Neighbor Considerations
- Hosts must ensure that the short-term rental does not disturb the neighbors, though specific notification requirements may vary.
Safety and Amenities
- Properties must meet safety standards, including the installation of necessary fire and life safety devices such as smoke detectors and carbon monoxide detectors.
Compliance and Penalties
- Non-compliance with these regulations can result in fines and penalties, so it is crucial to stay informed and up-to-date on the local laws governing short-term rentals.
Top Neighborhoods for Airbnb Revenue in Lawrenceville, Georgia
While specific neighborhood-level data for Lawrenceville, Georgia, is not extensively detailed in the sources, we can infer the appeal and revenue potential based on the overall metrics and guest preferences for the area.
General Appeal of Lawrenceville
- Central Location: Lawrenceville is strategically located, offering easy access to major attractions like the Mall of Georgia, hospitals, Gwinnett Colleges, and a short drive to Downtown Atlanta and Athens.
- Amenities and Activities: Guests appreciate the proximity to shopping areas, restaurants, markets, and cultural attractions such as the Aurora Theater.
- Variety of Accommodations: Lawrenceville offers a diverse range of vacation rentals, including homes, apartments, and guest suites, many of which are highly rated for cleanliness, location, and amenities like WiFi, pools, and dedicated workspaces.
Key Metrics Indicating Revenue Potential
- Average Daily Rate (ADR): $159.7, peaking at $175 in July, indicating strong summer demand.
- Occupancy Rate: 55%, with a peak of 59% in July, showing consistent guest interest.
- Average Annual Revenue: $30.6K, with a maximum monthly revenue of $2.6K in July.
- Revenue per Available Room (RevPAR): $85.7, with a significant increase during weekends, highlighting weekend appeal.
Appealing Aspects for Guests
Central Lawrenceville
- Proximity to Downtown: Guests love the easy access to vibrant Downtown Lawrenceville, with its variety of dining, shopping, and entertainment options.
- Cultural Attractions: The Aurora Theater and other local arts venues are major draws.
Suburban Areas
- Peaceful Ambiance: Suburban areas offer a tranquil atmosphere, which is appealing for those seeking a relaxed stay.
- Accessibility: Close proximity to highways and major roads makes it easy for guests to travel to nearby cities like Atlanta and Athens.
Specific Listings
- Highly Rated Rentals: Properties like the "Sweet Dream Home Vacation" and "Lovely Renovated Spacious Home with Large Deck" are highly rated for their cleanliness, location, and amenities.
- Amenities: Many rentals include amenities such as pools, dedicated workspaces, and WiFi, which are highly valued by guests.
While the sources do not break down the revenue by specific neighborhoods within Lawrenceville, the overall metrics and guest preferences suggest that central and suburban areas with easy access to amenities and attractions are the most appealing and potentially lucrative for Airbnb hosts.
Furnishing and Design Tips for an Inviting Airbnb in Lawrenceville, Georgia
Understanding the Local Market and Guest Preferences
- Reflect Local Charm: Incorporate a blend of modern chic and traditional Southern charm in your design. Use bright, airy designs that highlight natural light, and incorporate warm tones and natural materials to create inviting spaces.
Essential Amenities and Features
- Outdoor Spaces: Include outdoor areas for relaxation and recreation, such as BBQ areas, decks, or access to nearby parks and recreational spaces.
- Luxurious Amenities: Provide luxurious amenities like pools, hot tubs, and well-equipped kitchens to enhance the guest experience.
- High-Speed Internet and Smart TVs: Ensure high-speed internet connectivity and smart TVs to meet the expectations of contemporary travelers.
Furniture and Decor Choices
- Stylish and Functional Furniture: Opt for stylish, functional, and durable furniture. Consider multi-use pieces like sofa beds and storage beds to maximize space and comfort.
- Neutral Color Palettes: Use neutral color palettes combined with bursts of color in decor pieces to create a warm and inviting atmosphere.
- Local Artwork and Decor: Incorporate local artwork and decor that capture the essence of Georgia to add a personal touch.
Kitchen and Dining Essentials
- Well-Equipped Kitchen: Equip your kitchen with essentials like a coffee maker, microwave, toaster, kettle, and basic cookware, utensils, and dinnerware. Additional items like a blender and sharp knives can be nice extras.
- Durable Dining Table: Choose a dining table that is tough and resistant to wear and tear. It can be dressed up with tablecloths, runners, and decorative items.
Comfort and Convenience
- High-Quality Bedding: Provide high-quality bedding, including high thread count sheets and comfortable mattresses. Consider memory foam mattresses for durability.
- Storage and Organization: Incorporate smart storage solutions like beds with drawers, wall hooks, and stackable containers to keep the space tidy and organized.
- Full-Length Mirrors and Power Outlets: Ensure there are full-length mirrors and power outlets conveniently located, especially in areas where guests get ready.
Guest-Centric Amenities
- Family-Friendly Amenities: Offer family-friendly amenities such as high chairs, travel cribs, or strollers if your property is geared towards families.
- Workspaces: Provide a sturdy desk and comfortable chair for guests who need to work, along with good lighting and easy access to power outlets.
Accessibility and Safety
- Accessibility Features: Consider making your Airbnb accessible to guests with disabilities by including ramps, wide doorways, and grab bars in bathrooms.
- Safety Equipment: Install smoke detectors, carbon monoxide detectors, and a first aid kit to ensure guest safety.
By following these tips, you can create an inviting and stylish Airbnb in Lawrenceville, Georgia, that reflects the city's unique charm and meets the expectations of your guests.
Discovering Lawrenceville, Georgia: Local Attractions and Insider Tips
Local Attractions
Gwinnett Stripers
- Catch a Minor League Baseball game at Coolray Field, home of the Gwinnett Stripers, the Triple-A affiliate of the Atlanta Braves.
Historic Courthouse
- Visit the Historic Courthouse in Downtown Lawrenceville, a landmark owned and operated by the Gwinnett County Parks and Recreation Department.
Lawrenceville Arts Center
- Explore the Lawrenceville Arts Center, featuring performance spaces, multi-purpose rooms, and outdoor areas. It is also the home of the Aurora Theatre.
Lawrenceville Ghost Tours
- Take a spooky stroll around the historic courthouse square with the Lawrenceville Ghost Tours, available annually in September and October.
Medieval Times
- Enjoy a family dinner theater experience at Medieval Times, featuring medieval-style games, sword-fighting, and jousting.
Sugarloaf Mills Mall
- Shop and dine at Sugarloaf Mills, a large single-story shopping mall located near the interchange of Interstate 85 and Highway 316.
Rhodes Jordan Park
- Spend a day outdoors at Rhodes Jordan Park, which includes a fishing lake, playground, sports facilities, swim facilities, and a 1.9-mile paved trail.
Lawrenceville Lawn
- Visit the Lawrenceville Lawn, a city park with an amphitheater, playground, volleyball courts, dog park, and walking path. It also hosts concerts and community events.
Freeman's Grist Mill
- Explore Freeman's Grist Mill, a Gwinnett County Park featuring a playground, picnic pavilion, multi-purpose trail, and the historic mill.
Insider Tips for Airbnb Hosts
Downtown Parking
- Inform your guests about the two easily accessible, centrally located free public parking lots in Downtown Lawrenceville, one block east and west of the Historic Courthouse.
Community Events
- Let your guests know about the various free community events held annually in the downtown historic district, averaging around 30 events per year.
Local Art and Culture
- Recommend visiting the public murals commissioned by the Lawrenceville Arts Commission and exploring the art gallery at the Lawrenceville Arts Center.
Historical Sites
- Suggest visiting historical sites such as the Old Seminary Building, Isaac Adair House, and the Gwinnett County Courthouse, all listed on the National Register of Historic Places.
Outdoor Activities
- Point out the Fallen Heroes Memorial & Armed Forces Monument and the Lawrenceville Heritage Trail, which follows a series of medallions dedicated to significant contributors to the city's history.
Dining and Entertainment
- Guide your guests to the various dining and entertainment options in Downtown Lawrenceville, which offers a mix of old and new places to visit and activities to enjoy.
Special Events
- Inform your guests about special events like the annual Polish Pierogi Festival in August, which includes food booths, music, and competitions.
By providing these local attractions and insider tips, you can enhance your guests' experience and help them make the most of their visit to Lawrenceville, Georgia.
Practical Tips to Run a Successful Short-Term Rental Business in Lawrenceville, Georgia
To ensure a smooth and profitable short-term rental business in Lawrenceville, Georgia, several practical tips can make a significant difference. Here are some key considerations:
Noise Regulations and Quiet Hours
Inform your guests about quiet hours and local noise regulations to maintain a peaceful environment and avoid any potential complaints or fines. Clearly outline these rules in your house manual and communicate them through pre-arrival messages.
Creating a Comprehensive House Manual
Develop both digital and physical house manuals that include essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also cover house rules, including quiet hours, to ensure guests are well-informed and respectful 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 detailed instructions on how to access the property, along with photos of the smart lock and any other relevant entry points.
Parking Instructions
Include clear parking instructions in your house manual, accompanied by photos to help guests identify designated parking areas. This can prevent confusion and ensure that guests park in the correct spots, avoiding any potential issues with neighbors or local authorities.
By implementing these strategies, you can enhance guest satisfaction, reduce potential issues, and maintain a positive reputation for your short-term rental business in Lawrenceville, Georgia.
Here is a brief list of house cleaning providers in Lawrenceville, Georgia:
House Cleaning Services in Lawrenceville, GA
Rescue My Time Cleaning Service
- Offers house cleaning, maid services, maintenance cleaning, general cleaning, deluxe cleaning, laundry and light cleaning, and move in/move out cleaning.
- Customizable services, highly-trained and vetted cleaning technicians, and affordable prices.
My Cleaning Angel
- Provides one-time cleaning, move in/move out cleaning, post construction cleaning, recurring cleaning, vacation rental cleaning, and commercial cleaning.
- Uses eco-friendly cleaning products and offers customizable cleaning packages.
Bumble Bee Cleaning Services
- Offers regular housekeeping, deep cleaning, move in/out cleaning, disinfecting and sanitizing services, carpet cleaning, post construction cleaning, and office/commercial cleaning.
- Fully insured, licensed, and bonded with a focus on customer service and eco-friendly products.
Rite Touch Maids
- Provides one-time and recurring house cleaning services, including deep cleans, spring cleans, and laundry services.
- Fully insured and bonded, with professionally trained and background-checked team members.
Short-Term Rental Management Fees in Lawrenceville, Georgia: A Range of 10%-30%
In Lawrenceville, Georgia, short-term rental management fees can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level and complexity of services 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. For instance, companies like Summer and MasterHost may charge around 20% for their full-service packages, which include services like property inspections, guest vetting, and emergency response.
On the other hand, basic services or more limited management options may incur lower fees. Additional costs can also arise from specific services such as cleaning fees, repair costs, or interior design improvements, which are often charged separately. Understanding these fee structures is crucial for property owners to manage their expenses effectively and ensure maximum return on their investment.