Airbnb & VRBO Performance in Peoria Arizona.

Short-Term Rental Regulations in Peoria, Arizona for 2024

Registration and Licensing

• Vacation Rental Permit: Short-term rental operators must obtain a no-fee permit from the City of Peoria.
• Transaction Privilege Tax (TPT) License: All short-term rental owners in Arizona, including those in Peoria, must hold a TPT license to operate.
• Maricopa County Registration: Rentals must be registered with the Maricopa County Assessor’s office.

Safety and Notification Requirements

• Emergency Contact Information: Provide emergency contact information to surrounding neighbors.
• Neighbor Notification: Notify neighbors within 300 feet of the short-term rental property.
• Liability Insurance: Hold liability insurance covering at least $500,000.

Tax Compliance

• Transient Lodging Taxes and Sales Taxes: Collect and remit all applicable state, county, and city taxes on rental revenue.

Operational Restrictions

• No Large Events: Short-term rentals cannot be used for events like parties or weddings to maintain neighborhood tranquility.
• Health and Safety Compliance: Comply with federal, state, and local laws related to public health and safety, sanitation, and solid waste.

Enforcement and Penalties

• Monitoring and Enforcement: The city has staff dedicated to monitoring listings and issuing warnings and citations to non-compliant hosts. Penalties can include fines for non-compliance.
• Potential Neighborhood Limits: Proposed changes may include decreasing the allowable percentage of short-term rentals from 3% to 1% in any given neighborhood and adding a 1,500-foot separation buffer between properties.

Additional Requirements

• Sex Offender Background Checks: Conduct sex offender background checks on bookings and notify surrounding neighbors of the short-term rental offering.
• Floor Plans: Provide floor plans as part of the permit application process.

Top Neighborhoods for Airbnb Revenue in Peoria, Arizona

Why Peoria Stands Out

Peoria, Arizona, is a lucrative market for Airbnb investors due to its strategic location, economic stability, diverse real estate market, and attractive tourist attractions. Here are some of the top neighborhoods generating significant Airbnb revenue:

Neighborhoods

1. Lake Pleasant Area

• This area is highly appealing due to its proximity to Lake Pleasant, one of Arizona's largest lakes. Guests are drawn to the luxurious waterfront homes that offer exclusive amenities and scenic views, making it an ideal spot for high-end travelers.

2. Downtown Peoria

• The downtown area is attractive for its mix of urban convenience and suburban comfort. It offers a variety of dining, shopping, and entertainment options, making it a popular choice for both business and leisure travelers.

3. Northern Peoria

• This region includes a range of more modestly priced condos and townhomes, which are particularly appealing to budget-conscious travelers or those visiting for business, education, or healthcare purposes. The affordability and practicality of these accommodations ensure steady rental income for investors.

4. Vistancia

• Known for its family-friendly environment and low crime rates, Vistancia is a safe and welcoming area that attracts families and solo adventurers. The neighborhood's community-oriented approach and effective law enforcement contribute to its appeal.

5. Arrowhead Area

• Located near the Arrowhead Towne Center and other retail hubs, this area is popular for its convenience and amenities. It attracts guests looking for a blend of shopping, dining, and recreational activities.

Key Factors

• Economic Stability: Peoria's growing economy, particularly in healthcare and education, ensures a steady demand for both short-term and long-term rentals.
• Real Estate Diversity: The variety in housing options, from luxury waterfront homes to affordable condos and townhomes, caters to a wide range of guest preferences and budgets.
• Safety and Community: Peoria's low crime rates and family-friendly environment make it a secure and welcoming destination for tourists.
• Proximity to Attractions: The city's proximity to popular attractions like Lake Pleasant and its scenic beauty enhance the appeal of Airbnb listings in the area.

Creating an Inviting Airbnb in Peoria, Arizona: Design and Furnishing Tips

Understanding Your Guest Demographic

• Peoria attracts families, sports enthusiasts, and nature lovers. Tailor your design to cater to these groups with amenities like kid-friendly features, game rooms, and proximity to outdoor activities.

Key Amenities and Features

• Outdoor Spaces: Invest in spacious outdoor areas with pools, barbecue setups, and comfortable seating to take advantage of Peoria's warm climate.
• Modern Kitchen Appliances: Equip your kitchen with high-quality, modern appliances to support longer stays and enhance guest comfort.
• Comfort-Oriented Interiors: Include air conditioning, cozy fireplaces, and spa-like bathrooms to ensure a comfortable stay.

Furniture and Decor Styles

• Modern Aesthetics and Desert Charm: Use contemporary furnishings with organic, earthy hues to create a relaxing retreat feel. Incorporate coastal decor for homes near Lake Pleasant, and rustic elements to reflect Arizona’s desert environment.
• Local Culture Touches: Add unique touches such as Southwestern art and decor to represent the local culture and create an inviting atmosphere.

Neighborhood Considerations

• Proximity to Attractions: Invest in neighborhoods close to Lake Pleasant, the Peoria Sports Complex, and vibrant shopping districts. Areas like West Wing Mountain and Vistancia are known for their family-friendly environments and amenities.

Durability and Maintenance

• Durable Furnishings: Choose durable furniture, especially for outdoor spaces, to reduce maintenance costs and extend the property's life given the warm climate and family-focused visitors.

Statement Pieces and Budgeting

• Invest in Statement Pieces: Focus on high-quality, statement pieces like sofas, coffee tables, and dining room tables that define the space. Be willing to splurge on these items while balancing your budget.

Additional Touches

• Plants and Accessories: Add plants and decorative items like mirrors, jars, and containers to liven up the space and create a welcoming atmosphere.
• Smart Home Features: Consider integrating smart home devices to enhance guest convenience and comfort.

Guest Feedback and Reviews

• Pay Attention to Guest Reviews: Use guest feedback to identify what works and what needs improvement in your design and furnishings. Positive reviews often highlight attention to detail and the overall atmosphere of the property.

Discover Peoria, Arizona: Top Attractions and Insider Tips for Your Guests

Local Attractions

Arizona Broadway Theatre

• A not-for-profit 501(c)(3) organization offering a unique blend of dining and live theater experiences. Ideal for date nights, family outings, and special celebrations.

Uptown Jungle Fun Park

• An indoor playground and trampoline park perfect for family fun. Features include trampolines, climbing walls, a spider tower, and a ninja course. Great for birthday parties and healthy activities for kids.

Peoria Sports Complex

• A multifaceted sports facility hosting spring training games for the San Diego Padres and Seattle Mariners. Also offers community events, youth baseball programs, and private event spaces for weddings and parties.

Wildlife World Zoo, Aquarium & Safari Park

• Home to over 600 species of exotic and endangered animals. Highlights include a safari park, an aquarium with over 80 exhibits, and a train ride through the park.

Old Town Peoria

• Features historic buildings, public art, and a variety of local restaurants and shops. The Peoria Center for the Performing Arts, managed by Theater Works, is a key attraction in this area.

Paloma Community Park

• Offers recreational activities such as fishing, lighted multi-purpose fields, and picnic ramadas. A great spot for outdoor activities and family gatherings.

Insider Tips

P83 Entertainment District

• Located along 83rd Avenue between Bell Road and Thunderbird Road, this district includes the Peoria Sports Complex, Arizona Broadway Theatre, Harkins Theatres, and a variety of dining options. A must-visit for entertainment and dining.

Local Events and Festivals

• Keep an eye out for community events and festivals in Peoria, such as spring training games and cultural events that showcase the city's vibrant community spirit.

Outdoor Recreation

• Peoria is close to Lake Pleasant, offering opportunities for boating, fishing, and other water sports. Also, consider guided Arizona desert tours or hot air balloon rides for a unique experience.

Public Art

• Peoria has a utility box art wrap program featuring local and student artists. Encourage guests to explore the city's parks and populated hubs to see these artistic displays.

Dining

• Recommend locally sourced coffee and wood-fired pizza spots in Old Town Peoria for a taste of the local cuisine.

By sharing these attractions and insider tips, you can help your Airbnb guests make the most of their visit to Peoria, Arizona, and enjoy a memorable and enriching experience.

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

To ensure a smooth and successful short-term rental business in Peoria, Arizona, several practical tips can be implemented:

Noise Regulations and Guest Communication

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 the house manual and communicated through pre-arrival messages to set clear expectations.

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 helps guests navigate the property easily and reduces the need for frequent host interventions.

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 videos to guide them through the process.

Parking Instructions

Include detailed parking instructions with photos in the house manual to help guests understand where and how to park their vehicles. This minimizes confusion and ensures that guests comply with local parking regulations, reducing the risk of fines or complaints from neighbors.

By implementing these strategies, you can enhance the guest experience, reduce potential issues, and ensure compliance with local regulations, such as those outlined in Peoria's Ordinance No. 2022-20.

Here is a brief list of house cleaning, repair, and maintenance providers in Peoria, Arizona:

House Cleaning Services

Mari's Professional Home Watch & Cleaning Services

• Offers residential cleaning, home watch services, and specialized cleaning for carpets, tile, grout, and upholstery.
• Serves Scottsdale, Peoria, and Phoenix areas with over 30 years of experience.

Carole's House Cleaning

• Provides house cleaning and maid services, including eco-friendly and non-toxic cleaning products.
• Offers weekly, bi-weekly, monthly, and one-time cleaning services.

Dirt Busters House Cleaning

• Award-winning professional cleaning services since 2001, with a 100% happiness guarantee.
• Customizable cleaning frequencies and add-on services available.

Individual Housekeepers

Care.com Housekeepers

• A list of individual housekeepers in Peoria, AZ, with an average rate of $20/hr and an average experience of 4 years.

Additional Resources

Angie's List House Cleaners

• A compilation of top-rated house cleaners in Peoria, AZ, with reviews and ratings to help in selecting the right service.

Short-Term Rental Management Fees in Peoria, Arizona: A Breakdown of Costs and Services

In Peoria, Arizona, managing a short-term rental property can incur management fees that typically range from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management companies, such as Awning and Home Team Vacation Rentals, offer comprehensive services including guest communication, marketing, booking management, cleaning, and maintenance, and these services usually come at the higher end of the fee spectrum, often starting at 15% to 20% of the rental revenue.

On the other hand, basic or half-service management options, like those provided by Evolve, may charge lower fees, starting at around 10%, but these services often leave more of the day-to-day tasks to the property owner. Additional fees can also apply for services such as cleaning, repairs, or design and furnishing, which may be billed separately or included in the overall management fee. Understanding these fee structures is crucial for property owners to maximize their rental income while ensuring compliance with Peoria's strict short-term rental regulations.