Airbnb & VRBO Performance in Payson Arizona.

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Payson, Arizona: Airbnb & VRBO Vacation Rental Market Overview

In Payson, Arizona, short-term rentals are performing well, with an average occupancy rate of 52%, an average daily rate of $164, and annual revenues of around $32,200, making it a promising market for investors and hosts.

Market overview

Thriving Short-Term Rental Market in Payson, Arizona

Payson, Arizona, is experiencing a robust short-term rental market, making it an attractive destination for both hosts and guests. The city boasts an average occupancy rate of 52%, indicating a steady demand for vacation rentals.

On average, short-term rentals in Payson command a daily rate of $164, contributing to an annual revenue of approximately $32,200 per property. This strong performance is supported by a growing number of active listings, with a total of 121 listings currently available.

These metrics highlight Payson's potential for significant revenue generation through short-term rentals, making it a promising investment opportunity for property owners and managers in the area.

Short Term Regulations

Short-Term Rental Regulations in Payson, Arizona for 2024

General Requirements

  • Permit Requirement: Short-term rental operators must obtain an annual, nontransferable county permit for each unit, with a $250 fee per permit.
  • License Requirement: Operators must also obtain an annual Town of Payson license for each property.

Operational Requirements

  • Emergency Point of Contact: Designate an emergency point of contact who can be available 24 hours a day and respond in person within one hour when requested by public safety personnel.
  • Neighbor Notification: Notify nearby neighbors in advance that they intend to operate a short-term rental property.
  • Advertisement Requirements: Include the permit number on any advertisements or listings for the rental property.

Health and Safety

  • Occupancy Limits: Limit guest occupancy to two guests per bedroom.
  • Insurance: Maintain liability insurance coverage of at least $500,000, unless coverage is provided through an STR marketplace.
  • Health and Safety Standards: Follow health and safety rules for trash disposal, smoke alarm/carbon monoxide detectors, pest control, and parking.
  • Posting Requirements: Post county ordinances and fire escape plans, including a map of the rental’s floor plan marked with emergency exit routes and fire extinguisher locations.

Compliance and Enforcement

  • Background Checks: Run sex-offender background checks on guests and keep background check records for a year.
  • Prohibited Uses: Short-term rentals may not be used for nonresidential activities, including special events, that would otherwise require a county or state permit.
  • Penalties: Operators who violate the regulations may face fines starting at $250, and the county can revoke permits after three verified violations within a year.

Tax Compliance

  • State and Local Taxes: Collect and remit state transaction privilege tax (TPT) and county excise tax from guests. The state TPT license number must be included in all advertisements.
Neighborhood Performance

Top Airbnb Revenue-Generating Neighborhoods in Payson, Arizona

Why Payson is Appealing for Guests

Payson, Arizona, is a lucrative market for Airbnb investors due to its:- Proximity to outdoor recreational activities such as hiking, fishing, and camping.- Popularity as a weekend getaway destination for residents of nearby cities.- Attractions like Tonto Natural Bridge State Park, Shoofly Village Ruins, and Green Valley Park.

Top Neighborhoods for Airbnb Revenue

1. Woodland Meadows

  • This neighborhood is appealing due to its charming community setting and convenient location.
  • Properties here, such as those on Foothill Drive, offer a mix of comfort and scenic views, attracting guests with a median occupancy rate and average daily rates that contribute to significant annual revenue.

2. Rim Country

  • Known for its picturesque views and proximity to natural attractions, Rim Country is a favorite among tourists.
  • Properties like the ones on Caballero Road and Hogan Drive, with their rustic charm and mountain views, generate high cash on cash returns and are highly rated by guests.

3. Golf Course Areas

  • Neighborhoods bordering the golf course, such as Fairway Lane, are popular for their scenic views and recreational amenities.
  • These properties often include guest houses, making them ideal for larger groups and families, which can drive up the average daily rate and annual revenue.

4. Central Payson

  • The central area of Payson is close to various local attractions and amenities, making it a convenient choice for guests.
  • Properties here, such as those on Aero Drive and Sunset Drive, offer a balance of comfort and accessibility, contributing to their profitability.

5. Pine Trailhead Area

  • This area is attractive due to its proximity to hiking trails and natural beauty.
  • Properties near the Pine Trailhead, such as the highly-rated cabins, are sought after for their location and amenities, leading to higher occupancy rates and revenue.

These neighborhoods in Payson, Arizona, are highly appealing to guests due to their combination of natural beauty, recreational opportunities, and convenient locations, making them prime areas for generating significant Airbnb revenue.

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Design Tips

Furnishing and Design Tips for an Inviting Airbnb in Payson, Arizona

Understanding the Local Aesthetic

  • Payson, Arizona, is known for its natural beauty and rustic charm. Incorporate elements that reflect the local mountainous and pine forest surroundings, such as rustic, wooden pieces and Southwestern or Native American-inspired designs.

Choosing the Right Furniture

  • Opt for sturdy, comfortable, and easy-to-clean furniture. Solid beds with storage, such as beds with drawers, can provide extra space for laundry and linens.
  • Consider sofa beds to increase the number of guests you can accommodate, which can also justify higher rental rates.
  • Use dining tables that are tough and resistant to wear and tear, and complement them with tablecloths, runners, and decorative items.

Enhancing Functionality and Comfort

  • Incorporate space-saving furniture with big functionality, such as folding tables, ottomans with hidden storage, and wall hooks for coats and pegboards in the kitchen.
  • Ensure the kitchen is well-equipped with essentials like a coffee maker, microwave, toaster, and kettle.

Creating a Welcoming Atmosphere

  • Use mirrors to make the space feel bigger and brighter. This can also help in reflecting natural light and enhancing the overall ambiance.
  • Add plants and greenery to liven up the space and create a cozy atmosphere.

Accessibility and Inclusivity

  • Consider making your Airbnb accessible to guests with disabilities by incorporating features like ramps, wide doorways, and grab bars in bathrooms.

Reflecting Local Charm

  • Incorporate local art and natural elements into the design to resonate with visitors' appreciation for the surrounding beauty. This can include vintage and contemporary elements mixed with rustic accents.

Outdoor Spaces

  • Since Payson is known for its outdoor activities, ensure your Airbnb has appealing outdoor spaces such as large decks, patios, or fire pits. These areas should be designed to facilitate guest comfort and outdoor entertaining.

High-Speed Amenities

  • Provide modern amenities like high-speed internet access to cater to guests who may need to work remotely during their stay.

Seasonal Comfort

  • Ensure the space is comfortable in all seasons by including features like heated floors, air conditioning, and other climate-control measures.

Community and Cultural Touches

  • Highlight the local culture by incorporating elements that reflect the community's spirit, such as decorative items that celebrate seasonal changes and local events.
Insider Tips

Discovering Payson, Arizona: Local Attractions and Insider Tips

Local Attractions

1. Mogollon Rim

  • A dramatic geological feature with a 2,000-foot drop, offering stunning views, hiking trails, and horseback riding opportunities. It's a must-visit for its natural beauty and historical significance.

2. Tonto Natural Bridge State Park

  • Home to the largest known natural bridge in the world, this park features unique trails and the breathtaking Tonto Natural Bridge. Don't miss the Gowan Trail and the Waterfall Trail.

3. Rim Country Museum and Zane Grey Cabin

  • Learn about the history of Northern Gila County and explore the replica of Zane Grey's hunting lodge. Admission is $5 for adults, and free for children 12 and under.

4. Green Valley Park

  • A 43-acre park with three lakes, walking paths, a playground, and an amphitheater. Perfect for family outings, kayaking, fishing, and relaxing in a lush green environment.

5. Payson Farmer’s Market

  • Held every Saturday from late May to early September, this market features local vendors selling organic produce, live music, food stands, and handmade goods. A great place to start your day.

6. Creekside Jeep Tours

  • Explore the rugged terrain of Payson with guided jeep tours that offer a unique perspective on the area's natural beauty.

7. Kohl’s Ranch Stable

  • Go on a guided horseback ride through the National Forest trails. Pony rides are also available for younger children.

8. Woods Canyon Lake

  • Enjoy camping, fishing, and boating in this picturesque lake surrounded by the Tonto National Forest.

9. Rancho Tonto Catch a Trout

  • A family-friendly spot where you can fish for rainbow trout and grill your catch on-site. Perfect for a date or family outing.

10. Shoofly Indian Ruins

  • Explore ancient Native American ruins and learn about the historical significance of the area.

Insider Tips

Forest Closures and Restrictions

  • Always check with the Tonto National Forest Service for any forest closures or restrictions before planning your outdoor activities.

Local Events

  • Payson hosts several unique events, including the World's Oldest Continuous Rodeo, the Arizona State Old Time Fiddlin' Championship, and free outdoor concerts in the summer.

Shopping and Dining

  • Support local businesses by visiting the Payson Farmer’s Market and enjoying meals at local restaurants like The Pinon Café.

Recreational Activities

  • Take advantage of the numerous hiking trails, such as the Cypress/Boulders trail system and the Horton Creek trail. Also, enjoy biking, fishing, kayaking, and wildlife watching in the area.

Western Heritage

  • Experience Payson's deep Western heritage by attending a rodeo or visiting the Hashknife Pony Express stop.

Stargazing

  • Due to the minimal light pollution, Payson is an excellent spot for stargazing. Find a quiet spot away from town to enjoy the night sky.

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

Practical Tips

Practical Tips to Run a Successful Short Term Rental Business in Payson, Arizona

To ensure the success and smooth operation of a short-term rental business in Payson, Arizona, several practical tips can be implemented:

Noise Regulations and Guest Information

Inform guests about quiet hours and noise regulations to maintain a peaceful environment for both the guests and the neighbors. This can be included in a digital and physical house manual, which should also outline other important house rules and regulations.

Comprehensive House Manual

Create a detailed house manual that includes instructions on how to use various appliances, Wi-Fi passwords, and other essential information. This manual should be easily accessible both digitally and in physical form within the rental property.

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 and detailed parking instructions to avoid any confusion.

Additional Compliance

Ensure compliance with local regulations, such as obtaining the necessary short-term rental license from the Town of Payson and adhering to specific requirements like neighbor notification and posting license information on the property.

By following these tips, you can enhance the guest experience, reduce potential issues, and maintain a well-organized and profitable short-term rental business in Payson, Arizona.

Local Vendors

Here is a brief list of house cleaning services and related providers in Payson, Arizona:

House Cleaning Services

  • Care.com: Offers house cleaning services starting at $21.00 per hour, with options to search by rates, reviews, and experience.
  • Angi: Lists top house cleaners with average costs between $30 and $50 per hour, varying by house size and number of bedrooms and bathrooms.
  • HomeAdvisor: Provides a list of top-rated cleaning services with real reviews and ratings.

Specialized Cleaning Services

  • Turno: Specializes in vacation rental and Airbnb cleaning, offering features like auto-scheduling, digital checklists, and photo documentation.

General Service Platforms

  • Care.com and HomeAdvisor also serve as platforms where you can find various other home maintenance and repair services, though they are primarily known for their cleaning services.
Management fees

Payson, Arizona: Understanding Short-Term Rental Management Fees

In Payson, Arizona, managing a short-term rental property often involves fees that can vary significantly based on the level of service provided. Typically, property management fees for short-term rentals range from 10% to 30% of the rental revenue. Full-service management, which includes comprehensive services such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum. In contrast, basic services that may only cover essential tasks like rent collection and property oversight can be less expensive. Additionally, property owners may incur extra fees for services like cleaning between guest stays, repairs, and design or renovation work. It is crucial to clarify with the property management company what services are included in the fees and what additional costs may be incurred to avoid unexpected expenses.

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

35,000+ Properties
Hosts stay with RedAwning
1,000,000,00 Nights Booked
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50+ Top Booking Channels
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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 Payson.

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