Airbnb & VRBO Performance in Onaway Michigan.

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Onaway, Michigan: Airbnb & VRBO Vacation Rental Market Overview

In Onaway, Michigan, short-term rentals are performing robustly, with an average daily rate of $190, a 44% occupancy rate, and generating significant monthly revenue of around $15,299.

Market overview

Thriving Short-Term Rentals in Onaway, Michigan: A Booming Tourism Sector

Onaway, Michigan, is experiencing a robust performance in its short-term rental market, reflecting the area's growing appeal to tourists. According to recent data, short-term rentals in Onaway boast an impressive 44% occupancy rate, indicating a strong demand for these accommodations. The average daily rate for these rentals stands at $190, contributing significantly to the local economy. With monthly revenues averaging $15,299 per rental, Onaway's vacation rental sector is not only thriving but also playing a crucial role in supporting local businesses and enhancing the overall tourist experience.

Short Term Regulations
Neighborhood Performance

Top Airbnb Revenue-Generating Neighborhoods in Onaway, Michigan

While specific neighborhood data for Onaway, Michigan, is not extensively detailed in the sources, we can infer some key points about the appeal and performance of the Onaway Airbnb market as a whole, which can be applied to its various neighborhoods.

General Appeal of Onaway

  • Natural Beauty: Onaway is located near the stunning shores of Northern Michigan, offering scenic views, outdoor recreational activities, and proximity to natural attractions.
  • Outdoor Activities: The area is popular for activities such as hiking, skiing, boating, and other outdoor pursuits, making it a favorite among nature lovers and adventure seekers.

Key Metrics

  • Occupancy Rate: Onaway short-term rentals have an average occupancy rate of 44%, indicating a steady demand for accommodations.
  • Average Daily Rate: The average daily rate is $190, which is competitive and attractive for guests looking for a mix of affordability and quality.
  • Monthly Revenue: The average monthly revenue for short-term rentals in Onaway is $15,299, suggesting a lucrative market for investors.

Neighborhoods (Generalized)

Since specific neighborhood data is not available, here are some generalized insights into why Onaway as a whole is appealing:

1. Lakefront and Waterfront Areas

  • These areas are highly appealing due to their scenic views and direct access to water activities. Guests are drawn to the tranquility and recreational opportunities provided by lakefront properties.

2. Areas Near Popular Attractions

  • Neighborhoods close to popular attractions such as state parks, hiking trails, and local landmarks tend to attract more guests. The convenience and proximity to these attractions make them highly desirable.

3. Residential Areas with Amenities

  • Neighborhoods that offer amenities like internet, TV, and parking are more appealing to guests. These areas often provide a comfortable and convenient stay, which is reflected in higher occupancy rates and revenue.

Why They Are Appealing

  • Natural Attractions: Onaway's natural beauty, including its lakes, forests, and outdoor recreational opportunities, makes it a magnet for guests seeking a nature-filled getaway.
  • Year-Round Activities: The area offers a range of activities across different seasons, from skiing and snowboarding in winter to boating and hiking in summer, ensuring a steady stream of guests throughout the year.
  • Affordability and Quality: The balance between competitive pricing and the quality of accommodations makes Onaway an attractive destination for travelers looking for value.

While specific neighborhood names are not provided, these factors contribute to the overall appeal of Onaway as a lucrative Airbnb market.

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Design Tips

Creating an Inviting Airbnb in Onaway, Michigan: Design and Furnishing Tips

To design an Airbnb in Onaway, Michigan, that is both inviting and reflective of the city's unique style, consider the following tips:

General Design Principles

  • Balance Budget and Quality: Mix mid-range and budget-friendly furniture to avoid a space that looks cheap. Investing in a few higher-quality pieces can significantly enhance the overall feel.
  • Texture and Dimension: Combine different textures to add depth to the space. For example, pair smooth surfaces with handmade or textured elements like a textured tile backsplash or linen and wool pillows.

Entry and Living Areas

  • First Impressions: Ensure the entryway is welcoming with thoughtful touches such as a clean and organized space, possibly with a small decorative piece or a welcoming note.
  • Lighting Control: Use lamps and dimmer switches to create a cozy and adjustable lighting environment. This can greatly enhance the ambiance of the living room.
  • Comfortable Seating: Include soft surfaces like rugs, plush blankets, and comfortable chairs or poufs to add warmth to the space.
  • Functional Layout: Design the living room to facilitate conversation and guest interaction. Consider adding occasional tables and swivel chairs for flexibility.

Kitchen

  • Textured Backsplash: Use a handmade textured tile for the kitchen backsplash to contrast with smooth cabinets and add visual interest.
  • Unique Hardware: Add unique brass hardware to the cabinetry to create additional dimension and style.

Bedrooms

  • Clean and Inviting Bedding: Use white bedding to give a clean and fresh appearance. Invest in a full and fluffy duvet insert to ensure the bed looks inviting.
  • Layered Bedding: Offer extra bedding layers stored in the closet, making it easy for guests to customize their comfort level without adding extra work for turnovers.
  • Multiple Pillows: Provide two sleeping pillows per guest with different fill options (e.g., foam-filled, down alternative) for added comfort.
  • Bedside Amenities: Ensure each guest has a bedside table and lamp, ideally with USB ports or wireless charging features.
  • Blackout Shades: Install blackout shades to cater to different sleep preferences and ensure a restful environment.

Additional Touches

  • Local Elements: Incorporate elements that reflect the local style of Onaway, Michigan, such as using natural materials, highlighting the outdoors with large windows or nature-inspired decor, and adding local artwork or crafts.
  • Attention to Detail: Pay attention to small details that make guests feel pampered, such as providing clean, soft blankets and ensuring all needs are thoughtfully met.

By following these tips, you can create an Airbnb in Onaway, Michigan, that is not only inviting but also reflective of the city's unique charm.

Insider Tips

Discovering Onaway, Michigan: Local Attractions and Insider Tips for Guests

Local Attractions

Outdoor Adventures

  • Onaway State Park: Explore the lush trails, enjoy camping, and take in the stunning natural landscapes of this state park.
  • Black Lake Golf Club: A great spot for golf enthusiasts, offering a scenic and challenging course.
  • Awakon Park: Another outdoor destination for recreation and relaxation.

Racing and Events

  • Onaway Speedway: Catch thrilling stock car races and special events at this 1/4 mile high-banked asphalt track.
  • Onaway Antique Tractor Show: An annual event celebrating the area’s agricultural heritage with vintage tractors, tractor pulls, and more.

Historical and Cultural Sites

  • Onaway Historical Museum: Learn about the town's history through artifacts, photographs, and exhibits.
  • Onaway Courthouse and Historical Sites: Explore preserved buildings to understand the region's architectural history and cultural significance.

Community Events

  • Community Picnic and Concert Series: Enjoy summer evenings with good food, live music, and a warm community atmosphere.

Shopping and Crafts

  • Onaway Gift Shop: Find unique souvenirs, local crafts, and handmade items in the heart of downtown.
  • Northern Lights Trading Post: Specializing in Michigan-made products, including handcrafted candles, soaps, and wooden crafts.

Insider Tips for Guests

Getting Around

  • Nearest Airports: Use Alpena County Regional Airport, Cherry Capital Airport (Traverse City), or Pellston Airport for convenient travel to Onaway.

Dining and Local Flavor

  • Local Cuisine: Savor the unique dining experiences available in Onaway, which offer a taste of the town's rich culinary heritage.

Seasonal Activities

  • Lake Sturgeon Viewing: Visit the lake sturgeon streamside rearing facility on the Black River to see these magnificent fish up close.

Community Engagement

  • Local Newspapers and Media: Stay informed with local news through publications like the Onaway Outlook and Presque Isle County Advance.

Tips for First-Time Visitors

  • Check Event Schedules: Plan your visit around the various events and festivals that Onaway hosts throughout the year to make the most of your stay.
  • Explore Natural Beauty: Take advantage of the numerous state parks, campgrounds, and natural sites surrounding Onaway.

By sharing these local attractions and insider tips, you can help your Airbnb guests have a memorable and enriching experience in Onaway, Michigan.

Practical Tips

Practical Tips to Run a Successful Short-Term Rental Business in Onaway, Michigan

To ensure a smooth and enjoyable experience for both you and your guests in Onaway, Michigan, several key strategies can be implemented:

Noise Regulations and Guest Communication

Inform your guests about quiet hours and local noise regulations to maintain a peaceful environment and avoid potential fines. Include this information in your digital and physical house manual, and consider posting a reminder in a visible area of the property.

Comprehensive House Manual

Create a detailed digital and physical house manual that includes essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also outline the property's rules and regulations, including noise restrictions.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with clear instructions on how to access the property, along with photos of the smart lock and any other relevant entry points.

Parking Instructions

Include detailed parking instructions in your house manual, accompanied by photos to help guests understand where and how to park. This can help prevent confusion and ensure that guests comply with local parking regulations.

By implementing these practical tips, you can enhance the guest experience, reduce potential issues, and maintain a positive reputation for your short-term rental business in Onaway, Michigan.

Local Vendors

Here is a brief list of house cleaning providers in Onaway, Michigan:

House Cleaning Services in Onaway, MI

Locke's Housekeeping

  • Offers cleaning services including construction cleans, deep cleans, spring cleans, and general cleans.

Sparkling and Beyond

  • A professional cleaning company using state-of-the-art equipment with years of experience in the industry.

Various Providers Listed on Angie's List

  • Includes multiple house cleaning services in Onaway, MI, with real reviews and ratings available.

Providers Listed on Care.com

  • Offers a list of affordable house cleaning options in Onaway, MI, with details on rates, reviews, and experience.

Illumination Window Cleaning (via HomeAdvisor)

  • While primarily a window cleaning service, they are accredited by the Better Business Bureau and may offer related maintenance services.
Management fees

Onaway, Michigan Short-Term Rental Management Fees: A Comprehensive Guide

In Onaway, Michigan, short-term rental management fees can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management, which includes guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often falling between 20% to 30% of the rental income. In contrast, basic services that may only cover essential tasks can cost less, usually around 10% to 15%. Additionally, property owners may incur extra fees for services such as cleaning, repairs, or design enhancements, which can further impact the overall cost of managing their short-term rentals.

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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

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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 Onaway.

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