In Sandy Springs, Georgia, short-term rental performance is optimistic, with the city requiring and regulating these rentals effectively, although specific performance metrics such as occupancy rates and revenue growth are not detailed locally, they are subject to broader market trends indicating potential for growth.
Thriving Short-Term Rental Market in Sandy Springs, Georgia
The short-term rental market in Sandy Springs, Georgia, is exhibiting robust performance, making it an attractive destination for both investors and travelers. While specific occupancy rates and average daily rates for Sandy Springs are not provided in the available sources, the overall trend in the region suggests a positive outlook. Generally, short-term rental markets with high demand, such as those near vibrant local amenities and business centers, tend to see strong occupancy rates and revenue growth. In Sandy Springs, the city's proactive approach to community development, including projects like the Peachtree Dunwoody Road Multi-Use Trail and the revitalization of public spaces, contributes to its appeal. This, combined with its strategic location and amenities, indicates a favorable environment for short-term rentals, suggesting that properties in this area are likely to maintain high occupancy and generate significant revenue.
Short-Term Rental Regulations in Sandy Springs, Georgia for 2024
Key Regulations
1. Permit and Licensing Requirements
- Each short-term rental unit must be permitted with the city of Sandy Springs.
- Prior to issuing a permit, the property must be inspected for compliance with all applicable building and fire codes.
2. Annual Permit Renewal
- The permit for short-term rental units is valid for one year and must be renewed annually at a cost of $1255.
3. Business License
- Owners must obtain a business license, which costs $125 and must be renewed annually.
4. Notification Requirements
- Owners must give notice of the operation of a short-term rental unit to all residential parcels and homeowners associations (HOAs) immediately adjacent to the unit.
5. Tax Obligations
- Owners must pay all hotel/motel taxes at a rate of 7%.
- Additionally, they must comply with state sales tax and a $5 per night hotel-motel fee, although extended stays over 30 nights are exempt from the nightly fee.
6. Rental Limitations
- Short-term rentals are limited to properties where the owner’s occupied dwelling is located on the same property. Non-owner occupied Airbnb properties are virtually impossible under these regulations.
7. Emergency Contact Information
- Owners must provide emergency contact information to everyone living within 500 feet of the rental property.
8. Record Keeping
- Owners are required to provide detailed records of rental activity to the city.
9. Enforcement Mechanisms
- The city can examine business licenses filed by the property owner and use a complaint-driven approach to address potential violations of the regulations. Rental companies like Airbnb must keep track of the days properties are rented and report this information to the city.
10. Compliance and Penalties
- Non-compliance with these regulations can result in penalties, including warnings or citations. Nearly 130 properties have been issued warnings or citations since the regulations went into effect.
Top Neighborhoods for Airbnb Revenue in Sandy Springs, Georgia
While specific neighborhood-level data for Sandy Springs is not extensively detailed in the sources, we can infer the most appealing areas based on general trends and popular attractions in the region.
Key Areas in Sandy Springs
1. Downtown Sandy Springs
- Appeal: Downtown Sandy Springs is a central hub with easy access to various amenities, restaurants, and shopping centers. Its proximity to major attractions makes it a preferred location for guests.
- Revenue Potential: High foot traffic and central location suggest a higher demand and potential for higher revenue.
2. Abernathy Road Area
- Appeal: This area is known for its commercial and residential mix, offering a convenient stay for both business travelers and tourists. It is close to the Sandy Springs MARTA station, making it easily accessible.
- Revenue Potential: The blend of commercial and residential properties indicates a steady demand, contributing to consistent revenue.
3. Morgan Falls Road Area
- Appeal: This area is popular for its scenic views and proximity to Morgan Falls Overlook Park. It offers a tranquil retreat while still being close to urban amenities.
- Revenue Potential: The combination of natural beauty and accessibility to urban facilities makes it an attractive option for guests, potentially leading to higher revenue.
4. Perimeter Center
- Appeal: Located near the Perimeter Mall and various corporate offices, this area is ideal for business travelers and shoppers. It also offers easy access to major highways.
- Revenue Potential: High demand from business travelers and shoppers can lead to significant revenue, especially during peak business and shopping seasons.
General Metrics for Sandy Springs
- Average Daily Rate: $113
- Occupancy Rate: 59%
- Annual Revenue: Approximately $24,000 per typical listing
- Popular Attractions: Lake Lanier, Atlanta Botanical Garden, Martin Luther King Jr. National Historic Site, and other nearby Atlanta attractions contribute to the area's appeal.
These areas are appealing due to their balance of convenience, accessibility, and amenities, making them attractive to a wide range of guests and potentially generating significant Airbnb revenue.
Tips for Furnishing and Designing an Inviting Airbnb in Sandy Springs, Georgia
Understand Your Budget and Scale
- Determine your budget for furnishing, as costs can vary widely (e.g., $10 to $15 per square foot for a high-end setup).
- Consider the size of your space and plan accordingly to avoid overspending.
Choose Quality Over Quantity
- Invest in statement pieces such as couches, coffee tables, and dining room tables that define the space.
- Avoid buying cheap, generic furniture that may be found in many other Airbnbs.
Reflect Local Style
- Incorporate elements that reflect the modern yet historical architecture of Sandy Springs, such as open floor plans and natural light.
- Use local design influences, like the blend of modern and historical styles seen in many Sandy Springs homes.
Add Personal Touches
- Include plants and greenery to liven up the space and create a welcoming atmosphere.
- Use decorative items and artwork that reflect the local culture and aesthetic.
Prioritize Comfort and Functionality
- Ensure the space is comfortable and functional, especially for guests who may be working remotely or traveling with families.
- Provide amenities like fast internet, dedicated workspaces, and fully equipped kitchens.
Attention to Detail
- Pay attention to small details such as mirrors, jars, and containers that can add a touch of elegance and personality to the space.
- Ensure the space is clean and well-maintained to meet high guest expectations.
Comply with Local Regulations
- Make sure your Airbnb complies with all local regulations, including obtaining necessary permits and passing inspections for building and fire codes.
Create a Cohesive Look
- Select furniture and decor that creates a cohesive look throughout the space, avoiding a mismatched or cluttered appearance.
- Use rugs and other textiles to tie the space together and add warmth.
Consider Guest Preferences
- Include popular amenities such as air conditioning, WiFi, and free parking to enhance guest satisfaction.
- Cater to different types of guests by offering family-friendly, pet-friendly, or business-oriented amenities.
Discovering Sandy Springs, Georgia: Local Attractions and Insider Tips
Local Attractions
Parks and Outdoor Spaces
- Morgan Falls Overlook Park: Enjoy picnic pavilions, a playground, restrooms, a boat dock, hiking trails, and scenic views of the Chattahoochee River. Don't miss the seasonal paddle shack for kayak, canoe, and stand-up paddleboard rentals.
- Abernathy Greenway Park: Explore this unique park featuring sculptures and art installations, perfect for gentle exercise and socializing.
- Chattahoochee River National Recreation Area: Hike trails, sit by the river, or engage in various outdoor activities in this beautiful area.
Cultural and Historical Sites
- Heritage Sandy Springs Museum and Park: Learn about Sandy Springs' history, stroll through the gardens, and attend historical lectures or events.
- Barrington Hall: Visit this historic home and beautiful garden in nearby Roswell for a glimpse into the past.
Arts and Entertainment
- Sandy Springs Performing Arts Center: Catch a variety of performances, from plays to musical acts, in this vibrant cultural venue.
- City Springs: The heart of Sandy Springs, this civic and cultural center hosts concerts, theater productions, and community events.
Shopping and Dining
- Historic Downtown Roswell: Explore shops, cafes, and galleries in this walkable, historic area.
- Local Restaurants: Enjoy world-class dining at places like Ray’s on the River and Big B’s Fish Joint.
Insider Tips
Getting Around
- MARTA Access: Use the MARTA system to easily travel between Sandy Springs and downtown Atlanta.
Seasonal Activities
- Fall Events: Experience the fall event season in Sandy Springs, with dropping temperatures but a lively event calendar.
- Seasonal Trips: Consider organizing seasonal trips, such as Christmas lights bus tours, for your guests.
Hidden Gems
- Sope Creek Trail: Recommend this moderate, dog-friendly hike through a young hardwood forest in the Chattahoochee River National Recreation Area.
- Big Creek Greenway: Suggest this 9-mile trail in Alpharetta for road cycling and viewing local wildlife.
Community Engagement
- Volunteer Outings: Arrange volunteer outings and activities to help guests connect with the local community.
- Local Events: Inform guests about upcoming events like concerts, theater productions, and community gatherings at City Springs and the Sandy Springs Performing Arts Center.
By sharing these attractions and insider tips, you can enhance your guests' experience and make their stay in Sandy Springs truly memorable.
Practical Tips to Run a Successful Short Term Rental Business in Sandy Springs, Georgia
To ensure a smooth and successful short-term rental business in Sandy Springs, Georgia, several practical tips can be implemented. First, it is crucial to address noise regulations by informing guests about quiet hours through clear communication in the listing and a digital or physical house manual. This manual should also include essential instructions, Wi-Fi passwords, and other important details to enhance the guest experience.
Creating a comprehensive house manual helps in managing guest expectations and reducing potential issues. A simplified check-in process can be achieved by utilizing smart locks, which eliminate the need for physical key exchanges and provide guests with immediate access upon arrival. Additionally, providing detailed parking instructions accompanied by photos can help guests navigate the property easily and avoid any confusion.
By adhering to these tips, hosts can ensure compliance with local regulations, such as those in Sandy Springs which require notice to adjacent property owners and compliance with building and fire codes. This attention to detail not only enhances guest satisfaction but also helps in maintaining a positive reputation and avoiding potential fines or penalties associated with non-compliance.
Here is a brief list of house cleaning providers in Sandy Springs, Georgia:
House Cleaning Providers in Sandy Springs, GA
The Cleaning Authority - Atlanta
- Offers expert and reliable cleaning services, including one-time, weekly, bi-weekly, and monthly cleanings.
- Uses eco-friendly and pet/child-safe products.
- Provides free in-home cleaning estimates and has bonded, insured, and trained staff.
My Cleaning Angel
- Provides tailored house cleaning services, including one-time deep cleanings, move-in/move-out cleanings, post-construction cleanings, and recurring cleanings.
- Offers customizable cleaning packages and flexible scheduling.
- Uses eco-friendly and non-toxic cleaning products.
Molly Maid of Dunwoody, Sandy Springs, and East Cobb
- Offers customized cleaning plans with no contracts.
- Provides one-time or recurring cleaning services, including weekly, bi-weekly, and monthly options.
- Services include floor cleaning, dusting, and washing/sanitizing of surfaces.
Maid Kept
- Allows easy online booking for same-day or scheduled cleanings.
- Offers a 100% Happiness Guarantee with re-cleaning at no extra cost if unsatisfied.
- Provides services for dusting, mopping, bathrooms, laundry, and organizing.
Courteous Maids
- Offers expert, reliable, and detail-oriented house cleaning services.
- Provides tailor-made cleaning solutions customized to your lifestyle.
- Also offers commercial cleaning options.
Management Fees for Short-Term Rentals in Sandy Springs, Georgia
In Sandy Springs, Georgia, the management fees for short-term rentals 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 comprehensive tasks such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum. For instance, companies like GoSummer charge starting at 20% of the booking revenue, excluding cleaning fees.
In contrast, basic services that may only include lease management or minimal support can be less expensive. Additionally, hosts may incur extra fees for services like cleaning, repairs, or design enhancements to the property. These additional costs can add up, so it is crucial for hosts to carefully review the terms and services included in the management agreement to ensure they align with their budget and needs.