Short-term rentals in Rancho Cordova, California, are performing well, with an average 48% occupancy rate, a $153 daily rate, and a monthly revenue of $10,666, indicating a robust and lucrative market for hosts.
Thriving Short-Term Rentals in Rancho Cordova, California
Rancho Cordova, California, is witnessing a robust performance in its short-term rental market, driven by a combination of favorable regulations and strong demand. As of the latest data, short-term rentals in the area are boasting an impressive 48% occupancy rate, indicating a high level of attractiveness to travelers and temporary residents. The average daily rate for these rentals stands at $153, contributing to a substantial monthly revenue of $10,666. These figures highlight the city's success in balancing hosting opportunities with the maintenance of neighborhood quality of life, making Rancho Cordova an appealing destination for both hosts and guests alike.
Short-Term Rental Regulations in Rancho Cordova, California for 2024
Permit and Licensing Requirements
- A permit from the city's Business Licensing Division is mandatory to operate a short-term rental. The permit fee is $175.00.
Primary Residence Requirement
- The property must be the primary residence of the host, with the host required to live in the house for at least six months of the year.
Property Use
- Short-term rentals must remain an "accessory use" to the property, meaning the property cannot be used exclusively for short-term rentals.
Documentation and Authorization
- Proof of residency and, if applicable, written authorization from the property owner or a family member, are required as part of the permit application.
Transient Occupancy Tax
- Hosts must collect and remit transient occupancy taxes to the city, similar to what hotels charge.
Liability Insurance
- Hosts are required to maintain liability insurance to cover potential risks associated with short-term rentals.
Occupancy Limits
- There are specific occupancy limits based on the number of bedrooms in the property.
Noise and Parking Regulations
- Hosts must comply with noise and parking regulations to ensure minimal disruption to neighboring residents.
Business License
- In addition to the short-term rental permit, hosts must also obtain a general business license from the Department of Finance.
Registration for Tax Purposes
- Hosts must register with the Tax Collector’s Office to pay transient occupancy taxes.
Enforcement
- Rancho Cordova actively enforces its short-term rental regulations to ensure compliance and maintain neighborhood quality of life.
Top Neighborhoods for Airbnb Revenue in Rancho Cordova, California
1. Neighborhoods Near the American River Parkway and Lake Natoma
These areas are highly appealing to guests due to their proximity to outdoor recreation spots. The American River Parkway and Lake Natoma offer beautiful scenery, hiking trails, and water activities, making them ideal for visitors seeking to engage in outdoor activities.
2. Neighborhoods with Access to Public Transportation
Neighborhoods that provide easy access to public transportation are in high demand. This convenience allows guests to explore not only Rancho Cordova but also the broader Sacramento area without the need for a car.
3. Quiet and Safe Neighborhoods
Guests often prioritize quiet and safe neighborhoods, which Rancho Cordova is known for. These neighborhoods offer a peaceful and secure environment, making them attractive for both short-term and long-term stays.
4. Neighborhoods Near Shopping, Dining, and Entertainment Options
Areas close to shopping centers, restaurants, and entertainment venues are highly sought after. Guests appreciate the convenience of having these amenities within walking distance or a short drive, enhancing their overall stay experience.
5. Business Districts and Areas with High Commuter Traffic
Given that Rancho Cordova is a significant employment sub-center with over 50,000 commuters, neighborhoods near business districts are also lucrative. These areas attract business travelers and those visiting for work-related purposes, especially during the off-peak seasons.
These neighborhoods are appealing due to their combination of natural beauty, convenience, safety, and access to amenities, making them prime locations for generating significant Airbnb revenue in Rancho Cordova.
Furnishing and Design Tips for an Inviting Airbnb in Rancho Cordova, California
Embrace the Outdoor Spirit
- Incorporate Natural Elements: Use materials like reclaimed wood, stone, and plants to bring the outdoors in, reflecting Rancho Cordova's proximity to the American River and Lake Natoma.
- Large Windows and Doors: Maximize natural light and views to connect guests with the scenic surroundings.
Celebrate Local History and Culture
- Gold Rush Accents: Add decorative items such as vintage mining tools, old maps, or historical photographs to nod to the city's Gold Rush heritage.
- Vineyard Inspiration: Incorporate elements like wine barrels, grapevine motifs, and earthy color schemes to honor the region's vineyard history.
Reflect the City's Modern Vibrance
- Contemporary Comfort: Balance historical elements with modern furnishings to create a cozy and inviting atmosphere.
- Local Art and Crafts: Display local artwork, crafts, and handmade items to showcase the community's creative spirit.
Cater to Outdoor Enthusiasts
- Storage for Gear: Provide ample storage for guests' outdoor gear, such as bikes, kayaks, or hiking equipment.
- Outdoor Spaces: If possible, create an inviting outdoor area with seating, a BBQ, and plants, perfect for relaxing after a day of exploring.
Highlight the Barrel District Vibe
- Craft Beverage Station: Set up a beverage station with local craft beers, wines, and spirits, along with glasses and tasting notes.
- Industrial-Chic Decor: Use industrial-chic decor elements like metal accents, exposed brick, or wooden barrels to reflect the Barrel District's atmosphere.
Ensure Family-Friendly Amenities
- Family-Oriented Spaces: Design spaces that are family-friendly, including a play area for children and comfortable seating for family gatherings.
- Local Guides and Tips: Provide guides and tips on family-friendly activities in Rancho Cordova, such as the Sacramento Children’s Museum and the American River Bike Trail.
Climate Considerations
- Cooling and Heating Solutions: Ensure the space is well-equipped with cooling and heating solutions to accommodate the hot-summer Mediterranean climate.
- Seasonal Decor: Update decor seasonally to reflect the changing weather and local events.
Community Connection
- Local Recommendations: Leave a guidebook with recommendations for local restaurants, breweries, and attractions to help guests feel connected to the community.
- Community Events Calendar: Provide a calendar of local events and festivals to encourage guests to participate in community activities.
Discovering Rancho Cordova: Local Attractions and Insider Tips
Outdoor Adventures
- American River and Lake Natoma:
- Enjoy family-friendly rafting, kayaking, and fishing. For more adrenaline, head to the American River’s South Fork, Middle Fork, or North Fork for whitewater rafting.
Explore the Sacramento State Aquatic Center for rowing, stand-up paddle boarding, sailing, and kayaking.
Jedediah Smith Memorial Trail:
This 32-mile paved bike trail runs from Folsom to Sacramento, perfect for cycling, walking, or running. It also features a gravel shoulder for those who prefer a softer surface.
Prairie City State Vehicle Recreation Area:
- Ideal for motocross enthusiasts, with top events and daily tracks for amateurs.
Historical and Cultural Sites
- Folsom Historic District:
Visit Pioneer Village to learn about Gold Rush and pioneer history. Kids can pan for gold and explore a real Southern Pacific Railroad caboose.
Marshall Gold Discovery State Historic Park:
Located near the spot where James W. Marshall first found gold in 1848. You can still pan for gold in the river here.
California State Capitol Museum:
- Take a guided tour or explore at your own pace. Don’t miss the 40-acre park with the World Peace Rose Garden and various memorials and monuments.
Parks and Community Activities
- Hagan Community Park:
An 80-acre park with a dog park, fishing lagoon, grills, picnic tables, playgrounds, and winding trails. Perfect for a family day out.
Soil Born Farms:
Learn about local agriculture and participate in events and hands-on demonstrations. Also, visit the nearby farmers' markets to connect with the community.
Village Green Park:
- Enjoy free moonlight movies in June and free live concerts in August, along with food trucks and family-friendly activities.
Food, Drink, and Entertainment
- Barrel District:
Explore six breweries, two distilleries, one meadery, and a wine-tasting room. Highlights include Claimstake Brewing, Shorebirds Brewing Company, and Movement Brewing Company.
Local Favorites:
- Dine at Famous Burgers & Brew, Formaggio Taverna and Patio, or Rudy’s Hideaway Lobster House & Bar. Don’t miss the farmers’ markets at Sunrise Station Market and Soil Born Farms.
Insider Tips
- Seasonal Events:
Check the local calendar for events like the Hangtown Motocross Classic, horse and dog shows at the Murieta Equestrian Center, and the California Capital Air Show.
Free Activities:
Take advantage of free Friday nights in the summer for movies and concerts at Village Green Park, and visit the Crocker Art Museum on the third Sunday of each month for pay-what-you-wish admission.
Dog-Friendly:
- Many local hotels, tasting rooms, and parks are dog-friendly, making Rancho Cordova a great destination for pet owners.
By sharing these attractions and tips, you can help your Airbnb guests make the most of their visit to Rancho Cordova.
Practical Tips to Run a Successful Short Term Rental Business in Rancho Cordova, California
To ensure a successful and compliant short-term rental business in Rancho Cordova, California, several key practices should be implemented:
Noise Regulations and Guest Communication
Inform your guests about the city's noise regulations and quiet hours to avoid any potential issues with neighboring residents. Including this information in your listing and in a welcome message can help 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 likelihood of misunderstandings.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide clear instructions on how to use the smart locks, and consider adding a video tutorial to your house manual.
Parking Instructions
Ensure that you provide detailed parking instructions, including photos of designated parking areas. This helps guests understand where they can park and avoids potential parking issues that might disturb the neighborhood.
By following these tips, you can enhance the guest experience, maintain compliance with local regulations, and contribute to a positive reputation for your short-term rental business in Rancho Cordova.
Here is a brief list of house cleaning providers in Rancho Cordova, California:
House Cleaning Services
Aloha Maids
- Offers deep cleaning, kitchen cleaning, bathroom service, living area cleaning, move-in/move-out cleaning, and other customized services.
- Provides residential house cleaning with the option for weekly, bi-weekly, or one-time services.
A Better House Cleaning Company LLC
- Provides custom residential cleaning services, including deep cleaning, sanitizing, real estate clean-up, move-in/move-out cleaning, and post-construction clean-up.
- Guarantees satisfaction with their services and offers regular maintenance cleaning.
Other Providers
West Coast Residential & Commercial Cleaning
- Listed on Thumbtack, offers residential and commercial cleaning services, including deep cleaning and standard house cleaning.
Rise and Shine Maid Services
- Also listed on Thumbtack, known for their high-rated services and various cleaning options.
Individual Cleaners
- Several individual cleaners are listed on platforms like Care.com, including Erin N., Karla S., and Theresa S., offering affordable house cleaning services starting at $20.93/hr.
Short-Term Rental Management Fees in Rancho Cordova, California
In Rancho Cordova, California, managing short-term rentals 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, which includes comprehensive tasks such as guest communication, marketing, and maintenance, tends to fall on the higher end of this spectrum, often between 20% to 30% of the rental income.
For hosts opting for more basic services or a la carte options, the fees can be lower, usually around 10% to 15%. Additionally, there may be extra fees for services like cleaning, repairs, or design enhancements, which can further impact the overall cost. Understanding these fee structures is crucial for hosts to ensure they are getting the right level of service while maintaining profitability in the short-term rental market.