Mammoth Lakes, California, is thriving in the short-term rental market, with an average daily rate of $398.9, peak rates reaching up to $493 in winter months, and a robust occupancy rate of 53%, highlighting its lucrative and in-demand tourist destination status.
Thriving Short-Term Rentals in Mammoth Lakes, California
Mammoth Lakes, California, is experiencing a robust short-term rental market, particularly as the 2024 ski season unfolds. The area boasts an average occupancy rate of 53%, with peak occupancy reaching as high as 72% in February, highlighting the strong demand for accommodations during the winter months.
Average daily rates are also impressive, standing at $398.9, and surging to $493 in December and $483 in February, reflecting the high demand for skiing and snowboarding attractions. Despite recent regulatory adjustments, including a temporary moratorium that is set to be lifted on April 22, 2024, the introduction of a "Certified Properties" program aims to enhance regulation and accountability, ensuring a stable and lucrative environment for short-term rental investors. This combination of high occupancy and lucrative daily rates makes Mammoth Lakes an attractive destination for both visitors and property owners.
Short-Term Rental Regulations in Mammoth Lakes, California for 2024
Current Regulations and Recent Changes
Zoning Restrictions
- Short-term rentals are limited to specific zones, including Commercial, Residential Multi-Family 2, Resort, and Specific Plan zones. They are generally not permitted in Residential Multi-Family 1, Residential Single Family, or Rural Residential zones.
Moratorium and Its Lifting
- A moratorium on the issuance of new short-term rental registration certificates was implemented on October 18, 2023, and extended until May 2024. However, this moratorium has been lifted as of April 22, 2024, allowing nightly rentals to resume in areas where they were previously permitted.
Certified Properties Program
- Introduced as a result of the moratorium, the Certified Properties program requires property owners to complete an authorization process, which includes a $125 fee for 2024 and a $250 annual renewal fee starting in 2025. This program aims to provide additional disclosures, ensure periodic inspections, offer emergency contact information to guests, and identify cleaning services.
Operating Requirements
- Updated municipal code sections (3.12 and 5.40) govern the operation of short-term rentals, including new operating requirements and the replacement of the existing transient occupancy tax (TOT) certificate system with the Certified Properties program.
Compliance and Oversight
- Properties must undergo a transient rental inspection every four years. The Town provides a list of approved inspectors and a checklist on its website.
- Property-specific reporting will include gross receipts, exempted revenues, taxable gross rents, and occupancy details starting with the July 2024 return.
TOT and TBID Remittances
- TOT certificates will now be held solely by property owners rather than property managers to improve the Town’s access to owners and ensure better oversight of rental activities and compliance with TOT/TBID remittances.
Application and Remittance Process
- A kiosk has been installed at the Town of Mammoth Lakes administrative offices to assist owners or operators with the new application and remittance process.
Voter Approval for Future Changes
- Any future changes to zoning regulations regarding transient rentals in single-family residential zones would require subsequent voter approval due to Measure Z passed in 2015.
Top Neighborhoods for Airbnb Revenue in Mammoth Lakes, California
1. Snowcreek
- Annual Revenue: $56,762
- Average Daily Rate: $191
- Occupancy Rate: 56%
- Appeal: Snowcreek is highly appealing due to its proximity to ski resorts and other outdoor activities. The neighborhood offers easy access to hiking trails, skiing, and other recreational facilities, making it a favorite among tourists visiting for both summer and winter sports.
2. Canyon
- While specific financial metrics for Canyon are not detailed in the sources, it is mentioned as one of the profitable neighborhoods in Mammoth Lakes.
- Appeal: Canyon is attractive for its scenic views, accessibility to dining and shopping areas, and its central location which makes it convenient for guests to explore various attractions in Mammoth Lakes.
General Appeal of Mammoth Lakes Neighborhoods
- Natural Scenery: Mammoth Lakes is surrounded by stunning natural scenery, including access to The Rainbow Falls, hiking trails, and ski resorts, making it a paradise for outdoor enthusiasts.
- Amenities: The area offers a range of amenities such as dining, shopping, and entertainment options, which enhance the guest experience.
- Accessibility: Many neighborhoods are close to key attractions and have good connectivity, making it easy for guests to navigate and enjoy the area.
- Seasonal Activities: The region's popularity during both summer and winter seasons ensures a steady stream of guests, contributing to higher occupancy rates and revenue.
Furnishing and Design Tips for an Inviting Airbnb in Mammoth Lakes, California
Understanding the Local Style
- Mountain Aesthetic: Incorporate elements that reflect the natural beauty of Mammoth Lakes, such as wood accents, stone fireplaces, and earthy color schemes.
- Cozy and Warm: Use plush furnishings, comfortable bedding, and warm lighting to create a cozy atmosphere suitable for a mountain retreat.
Practical Considerations
- Durability: Choose furniture and decor that are durable and easy to maintain, given the high turnover of guests.
- Space Optimization: Ensure that the space is well-utilized, especially in smaller units. Use multi-functional furniture and clever storage solutions.
- Safety Compliance: Adhere to local safety regulations, such as maintaining clearance around fireplaces and heaters, and ensuring proper ventilation and emergency exit routes.
Amenities and Comfort
- Fully-Equipped Kitchen: Provide all necessary utensils and appliances to make the space feel like a home. Include modern amenities like smart TVs and high-speed WiFi.
- Comfortable Sleeping Areas: Invest in high-quality beds and bedding. Consider adding extra sleeping options like sofa sleepers or bunk beds to accommodate more guests.
- Bath and Laundry Facilities: Ensure bathrooms are well-maintained and clean. Include a washer and dryer in the unit if possible to enhance guest convenience.
Aesthetic Touches
- Local Themes: Incorporate local themes and decor that reflect the mountain lifestyle, such as ski equipment, outdoor gear, or nature-inspired artwork.
- Plants and Greenery: Add plants to liven up the space and bring in a touch of natural beauty.
- Fireplace and Hot Tub: If possible, include a fireplace or access to a hot tub to enhance the cozy and relaxing atmosphere.
Attention to Detail
- Cleanliness and Maintenance: Ensure the space is meticulously clean and well-maintained. Regularly inspect for any signs of pest infestations, leaking fixtures, or other issues.
- Personal Touches: Add personal touches such as welcome notes, local guides, and small amenities like coffee and tea stations to make guests feel welcome.
Outdoor and Shared Spaces
- Private Decks and Balconies: Utilize private decks or balconies to provide guests with outdoor space to enjoy the mountain views.
- Shared Amenities: Highlight access to shared amenities like pools, saunas, and spas, which are often a major draw for guests.
By following these tips, you can create an inviting and comfortable Airbnb space in Mammoth Lakes that reflects the unique style and charm of the area.
Exploring Mammoth Lakes: Local Attractions and Insider Tips
Local Attractions
Skiing and Snow Sports
- Mammoth Mountain Ski Area: The tallest ski resort in California, offering over 3,500 acres of skiable terrain and an average of 400 feet of annual snowfall.
National Parks and Monuments
- Yosemite National Park: Only 45 minutes from Mammoth Lakes, featuring Tuolumne Meadows, Half Dome, Bridalveil Falls, El Capitan, and the Giant Sequoias. Reservations are required unless taking the bus.
- Devils Postpile and Rainbow Falls National Monument: A unique geological site with symmetrical columns of basalt and stunning waterfalls.
Lakes and Basins
- Mammoth Lakes Basin: A scenic area with several lakes, including Twin Lakes, offering hiking trails, fishing, and kayaking opportunities.
- June Lake Loop: A 14-mile scenic drive passing through June Lake, Gull Lake, Grand Lake, and Silver Lake, with great views and fishing spots.
- Convict Lake: Known for its beautiful alpine setting, prolific fishing, and scenic camping.
- Lake Crowley: A reservoir popular for boating, fishing, and camping.
Natural Wonders
- Ancient Bristlecone Pine Forest: Home to the oldest trees in the world, some over 4,000 years old. Located about 80 miles from Mammoth Lakes.
- Mono Lake: Famous for its limestone tufa towers and millions of migrating birds. No fish inhabit the lake due to its saline nature.
- Hot Creek Geological Site: A unique geothermal area with hot springs and a picturesque creek.
Scenic Drives and Hikes
- Mammoth Scenic Loop: A 10-mile drive through a secluded forest of Jeffrey Pines and the Inyo Craters.
- Minaret Vista Point: Offers stunning views of the Minarets and is a great spot to catch the sunset.
- Twin Falls Overlook: A scenic spot above Twin Lakes with hiking trails and beautiful views.
Historical Sites
- Hayden Cabin: A historic cabin with period artifacts and photographs, located in a scenic creek-side area.
- Bodie State Historic Park: A preserved gold-mining town with many original buildings and interiors still intact.
Insider Tips
Getting Around
- Yosemite Area Regional Transit (YARTS): Offers day trips to Yosemite National Park, especially useful during peak months.
- Mammoth All Weather Shuttle (MAWS): Provides guided tours to Yosemite, Bodie, Mono Lake, and the June Lake Loop, handling entrance fees and driving.
Best Times to Visit
- Yosemite National Park: Less crowded in September and October. Check road conditions before traveling.
- Ancient Bristlecone Pine Forest: Open in summer and fall; start early to explore the trails.
Activities
- Hot Springs: Visit Wild Willy’s Hot Spring, Travertine Hot Springs, or other local hot springs, but note that some are seasonal and clothing is optional.
- Fishing: Take advantage of the abundant trout fishing in high alpine lakes, reservoirs, streams, and creeks.
- Boating and Water Activities: Enjoy boating, kayaking, or paddleboarding on the various lakes in the area.
Seasonal Tips
- Summer: Ideal for hiking, biking, and water activities. Early morning is best to avoid crowds at popular spots.
- Winter: Perfect for skiing, snowboarding, cross-country skiing, and other snow sports.
By providing these insights and recommendations, you can help your guests make the most of their visit to Mammoth Lakes and enjoy the natural beauty and diverse attractions the area has to offer.
Practical Tips for Running a Successful Short-Term Rental in Mammoth Lakes, California
To ensure a successful short-term rental business in Mammoth Lakes, California, hosts should focus on compliance with local regulations and enhancing guest experiences. Noise regulations are important; informing guests about quiet hours, typically from 10 PM to 7 AM, helps maintain neighborhood peace and avoids potential fines. Creating a comprehensive house manual, available in both digital and physical formats, can provide guests with essential information such as instructions, Wi-Fi passwords, and local attractions. Additionally, implementing a simplified check-in process using smart locks can streamline arrivals, while providing clear parking instructions with photos will assist guests in navigating the property easily. By prioritizing these practical tips, hosts can foster positive guest experiences that lead to repeat bookings and favorable reviews.
Here is a brief list of house cleaning, repair, and maintenance providers in Mammoth Lakes, California:
House Cleaning Providers
Perfect Clean Inc.
- Offers turnkey cleaning solutions for vacation rentals, businesses, and residential homes.
- Services include vacation rental cleaning, business janitorial cleaning, residential home cleaning, and real estate cleaning.
- Known for unmatched customer service, consistent cleaning, and strong partnerships.
Mammoth Lakes Cleaning (MLC)
- Specializes in sanitizing working and living spaces with safer cleaning agents and state-of-the-art equipment.
- Provides commercial and residential cleaning services, including one-time, routine, and deep cleaning.
- Operates year-round within the 93546 zip code.
Mammoth King Professional Cleaning Services
- Offers thorough home cleaning at reasonable prices.
- Has a long history in the housekeeping industry with many repeat customers.
- Focuses on providing reliable and efficient cleaning services.
Property Management and Maintenance
Mammoth Property Management
- Provides professional residential and commercial cleaning services, particularly for Airbnb and VRBO properties.
- Offers additional services such as snow removal and maintenance for investment properties.
- Ensures all vendors are insured and licensed.
These providers cover a range of cleaning and maintenance needs in Mammoth Lakes, CA.
Understanding Short-Term Rental Management Fees in Mammoth Lakes, California
In Mammoth Lakes, California, short-term rental management fees typically range from 10% to 30% of rental revenue, depending on the level of service provided. Full-service management options—including guest communication, marketing, and maintenance—generally fall at the higher end of this range, while basic management services may be more economical. Additionally, hosts should be aware that extra fees for cleaning, repairs, or design services may also apply. Given the area's competitive market and specific regulations requiring permits for short-term rentals, understanding these management fees is crucial for hosts looking to navigate the rental landscape effectively while maximizing their investment returns.