In Paso Robles, California, the short-term rental market is thriving, with a median occupancy rate of 55%, an average daily rate of $247, and typical host incomes reaching $48,000 annually, making it a highly stable and profitable investment opportunity.
Thriving Short-Term Rental Market in Paso Robles, California
Paso Robles, California, is experiencing a robust and profitable short-term rental market. With a median occupancy rate of 55%, indicating that typical listings are booked for 201 nights a year, the demand for short-term rentals remains strong. The average daily rate stands at $247, contributing to an average annual host income of $48,000. This stability and profitability make Paso Robles an attractive destination for investors, especially given the lenient short-term rental regulations and the potential for high monthly cash flow compared to traditional rentals.
Short-Term Rental Regulations in Paso Robles, California for 2024
General Regulations
- Ordinance Adoption: The City Council adopted Ordinance 1082 on August 6, 2019, to regulate short-term rentals.
Permit Limits and Types
- Non-Hosted Short-Term Rentals:
- Maximum of 75 non-hosted short-term rental permits in the R-1 district.
- Maximum of 325 non-hosted short-term rental permits citywide.
- Home-Share Permits:
- Can be issued for primary dwellings, second units, guest houses, and residential portions of mixed-use structures.
- Maximum of two home-share permits per legal parcel in the R-1 zoning district.
Zoning Restrictions
- Multi-Family Units: Multi-family residential apartment units (four or more dwellings per lot) may not be used as non-hosted short-term rentals.
Permit Transfer and Renewal
- Transferability: Permits are transferable only in TC1 and TC2 zones; not transferable in other T zones.
- Renewal and Inactivity: Inactive short-term rental permits may be declined upon expiration. There is a consideration for a “use it or lose it” policy for permits.
Community Notifications
- Neighborhood Notice: Neighborhood notice distance increased to 100 feet for new permits, and potentially up to 300 feet as per Planning Commission recommendations.
Operational Restrictions
- Pool and Hot Tub Use: Time and duration restrictions for swimming pools and hot tubs, limited to use between 8 a.m. and 10 p.m..
Complaint Reporting
- Short-Term Rental Hotline: A new hotline number (805) 227-7224 effective November 1, 2024, for reporting issues related to short-term rentals. Issues must be resolved within 30 minutes of the initial call.
Additional Requirements
- Annual Updates: The City Council receives annual updates on the short-term rental program.
- Public Outreach: Extensive community outreach and public meetings are conducted to formulate and update the short-term rental ordinance.
Compliance and Enforcement
- Property Owner Responsibilities: Property owners or their agents must address reported issues within 30 minutes and report back to the hotline.
- Emergency Contact: For emergencies, residents should contact 911.
Top Neighborhoods Generating Airbnb Revenue in Paso Robles, California
1. Downtown Paso Robles
- Appeal: Downtown Paso Robles is highly appealing due to its proximity to numerous wine tasting rooms, restaurants, bars, and shops. Guests can walk to the town square, enjoy local cuisine, and experience live music, making it an ideal location for those who want to be in the heart of the action.
2. Westside of Paso Robles
- Appeal: The Westside is favored for its eclectic homes, such as those with a Mid-Century Modern feel, and its walking distance to downtown amenities. This area offers a blend of hip and country vibes, making it attractive for families and friends looking to relax and explore.
3. Templeton and Surrounding Wine Country
- Appeal: Located just minutes from Paso Robles, Templeton offers stunning views of vineyards and is centered in the heart of wine country. Guests can enjoy 360-degree views, relax by the pool or fireplace, and explore nearby wineries and attractions like Sensorio Lights and Vina Robles Amphitheater.
4. Atascadero
- Appeal: Atascadero is appealing due to its convenient location, being just 15 minutes from Morro Bay, Paso Robles, and downtown San Luis Obispo. It offers amenities like heated pools, hot tubs, and game rooms, making it a great option for family vacations and staycations.
5. Hilltop and Rural Areas
- Appeal: Hilltop homes and rural areas around Paso Robles are popular for their panoramic views of the wine country, expansive properties, and resort-like amenities such as hot tubs and EV chargers. These locations offer a serene getaway while still being close to downtown Paso Robles and other attractions.
These neighborhoods are highly rated by guests for their unique blend of convenience, scenic beauty, and access to local attractions, making them the top revenue-generating areas for Airbnb in Paso Robles.
Creating an Inviting Airbnb in Paso Robles: Tips for Furnishing and Design
Reflecting the Unique Style of Paso Robles
1. Embrace the Local Culture
Incorporate elements that reflect Paso Robles' rich history, vineyards, olive orchards, farms, and ranches. Use rustic and earthy decor to evoke the down-to-earth and vibrant atmosphere of the city.
2. Mediterranean Climate Inspiration
Draw inspiration from the Mediterranean climate of Paso Robles. Use light, airy colors and natural materials such as wood, stone, and linen to create a warm and inviting space.
3. Wine Country Influence
Paso Robles is renowned for its wine country. Incorporate wine-themed decor, such as wine barrel furniture, grapevine motifs, and wine-inspired artwork to celebrate this aspect of the city.
4. Farm-to-Table Aesthetic
Highlight the local farm-to-table culture by using organic and natural materials in your decor. Consider adding a kitchen garden or a small herb garden to enhance the experience.
5. Local Art and Crafts
Feature local art and crafts to add a personal touch to your Airbnb. This could include sculptures, paintings, or handmade furniture that reflect the unique style of Paso Robles.
6. Outdoor Living
Given Paso Robles' proximity to the Pacific Ocean and its beautiful landscapes, create an inviting outdoor space. Include outdoor seating areas, BBQ facilities, and perhaps a small patio or garden.
7. Comfortable and Cozy
Ensure the space is comfortable and cozy, reflecting the warm and welcoming attitude of Paso Robles' residents. Use plush furnishings, soft lighting, and warm textiles to create a homey atmosphere.
8. Highlight the Views
If your Airbnb has views of the surrounding vineyards, olive orchards, or other scenic landscapes, make sure to highlight these with large windows or outdoor seating areas that take advantage of the views.
9. Sustainable Practices
Incorporate sustainable practices and eco-friendly materials in your design to align with the city's agricultural and natural heritage.
10. Personal Touches
Add personal touches such as local maps, guides to wineries and vineyards, and recommendations for local restaurants and attractions to make your guests feel welcome and informed about the area.
Discovering Paso Robles: Local Attractions and Insider Tips for Your Guests
Local Attractions
Wine and Spirits
- Paso Robles Distillery Trail: Explore California's only designated distillery trail, featuring craft whiskey, rum, vodka, and more. Join the Copper Card Club for VIP benefits.
- Wine Tasting Rooms: Visit numerous wineries and tasting rooms, including Sculpterra Winery and Vineyard with its Sculpture Garden.
- Happy Hour Walking Tour: A 1 hour and 15 minute tour to taste wine and olive oils while learning about the local history and people.
Outdoor Activities
- Hot Air Balloon Rides: Enjoy a bird's-eye view of Paso Robles' scenic landscape.
- Horseback Trail Rides: Ride through scenic ranchlands and vineyards with Central Coast Trailrides.
- Lake San Antonio and Lake Nacimiento: Engage in water sports, horseback riding, mountain biking, and birdwatching at these lakes.
- Ziplining: Experience Margarita Adventures' ziplining tour over valleys, mountainsides, and vineyards.
Cultural and Historical Sites
- Estrella Warbirds Museum: Explore military aircraft, vehicles, and memorabilia, and visit the Woodland Auto Display.
- Paso Robles Pioneer Museum: Learn about the town's history, including its pioneering age, old transportation, and farm equipment.
- Mission San Miguel: Discover local heritage at this historic mission.
- Carnegie Library: Visit the heart of downtown Paso Robles, home to the local Historical Society.
Family-Friendly Activities
- Scavenger Hunt: Participate in a 2-3 hour scavenger hunt through downtown Paso Robles, solving clues and exploring local landmarks.
- Paso Robles Children’s Museum: A joyful learn-through-play environment for kids.
- Downtown City Park: Enjoy the playground, Farmers Market, and Concerts in the Park program.
Unique Experiences
- Sensorio Light Art Show: A 15-acre light-art installation; book tickets in advance.
- Helicopter Wine Tours: Take a luxurious tour over the vineyards.
- Mid-State Fair: Attend this summer tradition for food, games, and entertainment in July.
Insider Tips
Getting Around
- Walkable Downtown: Explore wine-tasting rooms, antique shops, and art galleries on foot.
- Designated Drivers or Tours: Recommended for visiting wineries to avoid long wait times and high prices for rideshares.
Best Times to Visit
- Spring Release Festival: Visit in March for specialty tours, winemaker dinners, and other events.
- Fall Season: Enjoy a balance of daylight hours and cooler temperatures.
Local Events
- Concerts in the Park: Free outdoor concerts every Thursday from July to August.
- Farmers Market: Every Tuesday from 9:30 a.m. to noon in Downtown City Park.
Hidden Gems
- Tin City: Explore this urban area for craft wine, beer, spirits, artisan olive oil, and unique eateries.
- Craft Beer Walking Tour: Discover local breweries, including the acclaimed Firestone Walker Brewing Company.
By sharing these attractions and tips, you can help your guests make the most of their visit to Paso Robles and enjoy all that this charming town has to offer.
Practical Tips to Run a Successful Short-Term Rental Business in Paso Robles, California
To ensure a smooth and profitable short-term rental business in Paso Robles, California, several key practices can be implemented. Here are some practical tips:
Noise Regulations and Guest Communication
Inform your guests about the quiet hours and noise regulations in Paso Robles. The city has specific rules to maintain neighborhood peace, and violating these can result in complaints and potential penalties. Include clear guidelines on quiet hours (typically from 10 PM to 8 AM) in your digital and physical house manual to avoid any issues.
Comprehensive House Manual
Create 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 outline the house rules, including noise regulations, to ensure guests are well-informed and respectful of the property and neighborhood.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process. This eliminates the need for physical key exchanges and allows guests to access the property at their convenience. Provide detailed instructions on how to use the smart locks in your house manual.
Parking Instructions with Photos
Ensure that your guests know where to park by providing clear parking instructions accompanied by photos. This is particularly important in areas with limited parking or specific parking regulations. Including this information in your house manual can prevent confusion and potential parking violations.
By following these tips, you can enhance the guest experience, reduce the likelihood of complaints, and maintain a positive reputation for your short-term rental business in Paso Robles.
Here is a brief list of house cleaning providers in Paso Robles, California:
House Cleaning Services in Paso Robles, CA
Leticia's First Class Cleaning
- Offers residential, commercial, and vacation rental cleaning services.
- Known for detailed cleaning, including dusting and cleaning hard-to-reach areas.
- Eco-friendly house cleaning options available.
- Contact: (805) 610-7478, Mon-Sat: 7:00 am – 7:00 pm.
Kare Teem Cleaning Service
- Provides expert residential cleaning services to elevate your living space.
- Bookings available for customized cleaning needs.
- Contact: Through their website.
Cleanest House
- Renowned company offering customized cleaning services in and around Paso Robles.
- Specializes in tailored cleaning solutions for homes.
Various Local House Cleaning Services
- Care.com lists multiple local house cleaning services in Paso Robles, with options starting at $20.00/hr.
- Services include various cleaning needs and can be compared based on rates, reviews, and experience.
Paso Robles, California: Understanding Short-Term Rental Management Fees
In Paso Robles, California, 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 companies, such as Awning and RedAwning, which handle comprehensive tasks including guest communication, marketing, and maintenance, tend to charge fees on the higher end of this spectrum, often starting at 15% of revenue.
In contrast, basic or half-service management options, like those offered by Evolve, may charge lower fees, starting at around 10%, but these services often leave more of the operational responsibilities to the property owner.
Additionally, property owners may incur extra fees for services such as cleaning, repairs, and design enhancements, which can further impact the overall cost of managing a short-term rental property in Paso Robles.