Airbnb & VRBO Performance in Thompsonville Michigan.

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Thompsonville, Michigan: Airbnb & VRBO Vacation Rental Market Overview

Thompsonville, Michigan, is experiencing robust short-term rental performance, with high occupancy rates, average daily rates of $371, and significant revenue growth, particularly driven by peak seasons around winter sports and summer outdoor activities.

Market overview

Thriving Short-Term Rentals in Thompsonville, Michigan

Thompsonville, Michigan, is experiencing a robust short-term rental market, driven by its appealing natural attractions and outdoor activities. The area boasts an average occupancy rate of 41%, indicating a strong demand for vacation rentals throughout the year.

The average daily rate for short-term rentals in Thompsonville stands at $371, with monthly revenues averaging $37,385. This financial performance is complemented by a growth in active listings, with an 8% increase over the past year. The peak seasons, which include winter sports from late November to March and summer activities from June to August, contribute significantly to these positive metrics. With a wide range of amenities such as fire pits, BBQ grills, and direct access to hiking and skiing trails, Thompsonville's vacation rentals continue to attract a high volume of guests, making it an excellent destination for both visitors and investors.

Short Term Regulations

Short-Term Rental Regulations in Thompsonville, Michigan for 2024

Licensing and Registration

  • Short-term rental hosts must obtain a license to operate their properties.
  • Properties must be registered, although specific state registration requirements are pending legislation (e.g., House Bill 5438).

Insurance and Liability

  • Hosts must provide proof of general liability insurance coverage for the premises.
  • Insurance options that cover both the property and the vacation rental income are available through management companies.

Local Contact and Management

  • The owner must designate a Local Contact Person who is available 24 hours a day and can respond to complaints within one hour.
  • The Local Contact Person's phone number must be provided to adjacent neighbors.

Property Use and Maintenance

  • All lodging must be exclusively within a dwelling unit; camping or use of temporary shelters on the property is prohibited.
  • Only one dwelling unit may be used as a short-term rental on any parcel, unless the parcel lawfully contains more than one dwelling unit, each of which must be separately licensed.
  • Properties must be well-maintained, and hosts are responsible for ensuring this.

Taxes and Fees

  • Hosts are responsible for collecting and remitting local use taxes related to short-term rentals.
  • A license fee set by the local government must be paid, and this fee is not pro-rated for licenses issued for less than a full calendar year.
  • Additional fees may be imposed under proposed state legislation, including a 6% tax for units rented 15 or more days in a year.

Zoning and Geographical Restrictions

  • Local zoning ordinances can determine the number of units allowed to be used as short-term rentals and establish geographical restrictions.
  • Local governments can enforce reasonable regulations to safeguard public health, safety, and welfare, but cannot impose a total ban on short-term rentals.

Compliance and Enforcement

  • Hosts must comply with all local regulations and provide guests with information about these regulations.
  • Local governments can revoke a short-term rental permit for violations of local ordinances or zoning ordinances.

Guest Management

  • Hosts or their management companies must manage guest expectations, provide clear communication about the location and available amenities, and have protocols in place to resolve any immediate guest issues.

Additional Requirements

  • Hosts may need to comply with additional rules if their property is part of a Homeowners Association (HOA).
  • Renewal applications for licenses must be submitted annually by November 1st to avoid being treated as new applications subject to potential denial based on local limits.
Neighborhood Performance

Title: High-Revenue Neighborhoods for Airbnb in Thompsonville, Michigan: Attractions and Guest Appeal

Neighborhoods Generating Significant Airbnb Revenue in Thompsonville, Michigan

While specific neighborhood names are not explicitly mentioned in the sources, here are some key areas and their appealing features that contribute to their popularity and revenue generation for Airbnb in Thompsonville, Michigan:

1. Areas Around Crystal Mountain Resort

  • Appeal: This area is highly sought after due to its proximity to Crystal Mountain Resort, a popular ski resort that attracts ski enthusiasts during the winter months. Properties here offer easy access to skiing, snowboarding, and other winter sports, making them highly desirable during the peak winter season.

2. Lakefront and Hiking Trail Areas

  • Appeal: Neighborhoods near the beautiful lakes and hiking trails of Benzie County are popular during the summer months. Guests are drawn to these areas for outdoor activities such as hiking, biking, boating, and swimming. Properties with amenities like kayaks, BBQ grills, and outdoor seating areas are particularly appealing.

3. Proximity to Traverse City

  • Appeal: Areas that are conveniently located near Traverse City offer guests the best of both worlds: the seclusion of a rural setting and easy access to urban amenities. This balance makes these neighborhoods attractive to a wide range of guests, from families to solo adventurers.

4. Interlochen and Surrounding Areas

  • Appeal: Neighborhoods near Interlochen, known for its cultural and natural attractions, are also popular. These areas provide access to Interlochen Center for the Arts and are close to other attractions like Sleeping Bear Dunes, making them appealing for guests looking for a mix of culture and outdoor adventure.

Why These Neighborhoods Are Appealing

  • Outdoor Amenities: Properties that offer outdoor amenities such as fire pits, BBQ grills, and direct access to hiking or skiing trails are highly sought after due to the area's natural beauty and recreational opportunities.
  • Indoor Comforts: Indoor amenities like fireplaces, heated floors, and cozy living spaces are also highly valued, especially during the cold winter months.
  • Family-Friendly: Neighborhoods that cater to families with children, offering amenities like board games, cribs, and spacious living areas, tend to perform well in this market.
  • Accessibility: The convenience of being near urban amenities while still offering a secluded, small-town charm enhances the appeal of these neighborhoods.

These factors combined make Thompsonville, Michigan, a robust and competitive Airbnb market, with certain neighborhoods standing out for their unique blend of natural attractions, outdoor activities, and comfortable living conditions.

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Design Tips

Crafting an Inviting Airbnb in Thompsonville, Michigan: Tips for Furnishing and Design

Embrace the Natural Beauty

  • Incorporate elements of the outdoors, such as reclaimed wood, stone, and earthy color palettes, to reflect Thompsonville's scenic landscapes and natural beauty.
  • Use large windows and sliding glass doors to bring in natural light and offer stunning views of the surrounding forests and the Betsie River.

Celebrate Local History and Culture

  • Decorate with artifacts and memorabilia that highlight Thompsonville's rich history, such as vintage railroad items, lumber industry relics, and local artwork.
  • Include books, maps, and guides about the area's history and attractions to educate and engage your guests.

Cozy and Welcoming Atmosphere

  • Opt for comfortable, rustic-chic furniture that evokes a sense of warmth and hospitality, perfect for a small-town retreat.
  • Add plush textiles, such as wool blankets and natural fiber rugs, to create a cozy and inviting ambiance.

Reflect the Outdoor Lifestyle

  • Furnish your space with outdoor-inspired decor, including elements like antlers, pinecones, and nature-themed artwork.
  • Provide amenities like hiking gear, ski equipment storage, and fishing rods to cater to outdoor enthusiasts.

Highlight Local Art and Craftsmanship

  • Feature local artwork and sculptures, similar to those found at the Michigan Legacy Art Park, to add a unique touch to your space.
  • Incorporate handmade crafts and furniture pieces created by local artisans to support the community and enhance the local feel.

Seasonal Decor

  • Update your decor seasonally to reflect the changing activities and landscapes of Thompsonville. For example, add winter sports gear and warm lighting for winter, and floral arrangements and outdoor furniture for summer.
  • Use seasonal colors and themes to keep the space fresh and relevant throughout the year.

Modern Amenities with a Rural Touch

  • Balance modern amenities like Wi-Fi, smart TVs, and fully equipped kitchens with rustic touches to maintain the charm of a rural retreat.
  • Ensure that the technology is seamlessly integrated into the decor to avoid disrupting the cozy atmosphere.

Community and Local Flair

  • Stock your space with local products, such as artisanal foods, craft beers, and wines from nearby distilleries like Iron Fish Distillery.
  • Provide recommendations and guides to local attractions, restaurants, and events to help guests immerse themselves in the community.
Insider Tips

Discover Thompsonville, Michigan: Local Attractions and Insider Tips

Local Attractions

Outdoor Adventures

  • Crystal Mountain Resort:
  • Renowned for skiing and snowboarding with 58 downhill slopes, terrain parks, and trails for all skill levels. Offers ski rentals, lessons, and après-ski activities.
  • Features the Crystal Mountain Adventure Course with a zip line, climbing walls, and rope courses.

  • Hiking and Biking Trails:

  • Betsie Valley Trail: A scenic 22-mile trail from Thompsonville to Frankfort, perfect for biking and walking.
  • Crystal Mountain Hiking Trails: Numerous trails ranging from easy walks to more challenging hikes.
  • Betsie River Pathway: A 10-mile trail connecting to the Crystal Mountain trail system.

  • Water Activities:

  • Fishing and water sports on the Betsie River.

Cultural and Historical Sites

  • Michigan Legacy Art Park:
  • An outdoor sculpture park within Crystal Mountain Resort featuring over 50 sculptures and exhibits integrated into a 30-acre forested park. Guided tours and educational programs available.
  • Thompsonville Historical Museum:
  • A small museum preserving the history of Thompsonville and the surrounding area, with artifacts, photographs, and displays about the local history, including the lumber industry and railroad heritage.

Nearby Attractions

  • Sleeping Bear Dunes National Lakeshore:
  • Located about 40 miles northwest of Thompsonville, offering activities like the Dune Climb, Pierce Stocking Scenic Drive, and various hiking trails.
  • Point Betsie Lighthouse:
  • A historic lighthouse built in 1857-58, offering guided tours and stunning sunset views.

Seasonal Festivals and Events

  • Winter Festivals: Snowman Scramble, Snowshoe and Ski races, and holiday-themed events at Crystal Mountain.
  • Summer Events: Annual summer music festivals, farmers markets, and art fairs.
  • Fall Activities: Harvest festivals, apple picking, and scenic fall color tours.

Insider Tips for Airbnb Hosts

Local Favorites

  • Iron Fish Distillery: Recommend a visit to this local distillery for a unique tasting experience.

Dining and Nightlife

  • Local Restaurants: Provide recommendations for the best local eateries, cafes, and pubs in Thompsonville and nearby areas.

Practical Information

  • Bike Rentals: Inform guests about local shops and resorts that offer bike rentals for exploring the trails.
  • Trail Rules: Advise guests on pet rules and regulations for various hiking trails in the area.

Community Events

  • Check Local Calendars: Encourage guests to check local event calendars for festivals, markets, and other community activities during their stay.

Transportation

  • Directions and Maps: Provide detailed directions and maps to popular attractions, including Sleeping Bear Dunes National Lakeshore and Point Betsie Lighthouse.

By sharing these local attractions and insider tips, you can enhance your guests' experience and help them make the most of their visit to Thompsonville, Michigan.

Practical Tips

Practical Tips to Run a Successful Short-Term Rental Business in Thompsonville, Michigan

To ensure the success of a short-term rental business in Thompsonville, Michigan, several practical tips can be implemented. First, it is crucial to comply with local noise regulations by informing guests about quiet hours through clear communication in both digital and physical house manuals. These manuals should also include essential instructions, Wi-Fi passwords, and other pertinent information to enhance guest convenience and satisfaction.

A simplified check-in process can be achieved by utilizing smart locks, which eliminate the need for physical key exchanges and provide guests with seamless access to the property. Additionally, providing detailed parking instructions accompanied by photos can help guests navigate the area more easily, reducing potential issues.

By focusing on these aspects, hosts can manage guest expectations effectively, particularly in a rural area like Thompsonville, where clear communication and convenient amenities are key to maintaining high occupancy rates and guest satisfaction.

Local Vendors

Here is a brief list of house cleaning providers in Thompsonville, Michigan:

House Cleaning Providers in Thompsonville, MI

1. Orchard Cleaning Services

  • Offers eco-friendly, healthy cleaning services, including top-to-bottom cleans, general maintenance cleans, and rental make-ready cleans. They also partner with Cleaning For a Reason to help cancer patients.

2. Sparkling and Beyond

  • Provides professional deep cleaning services for houses, businesses, and commercial properties in Thompsonville, MI.

3. Blue Storm Cleaning

  • A professional cleaning company based in Thompsonville, offering various cleaning services for residential and possibly commercial properties.

4. K & S Northern Cleaning Service

  • Offers a range of cleaning services for residential and commercial properties in Thompsonville, MI.

These providers are specialized in cleaning services and do not include repair or maintenance services. For a more comprehensive list, you might need to look into other local directories or service providers.

Management fees

Thompsonville, Michigan: Understanding Short-Term Rental Management Fees

In Thompsonville, Michigan, the fees for managing 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, often ranging between 20% to 30% of the revenue.

Basic services, which may include only the essential management tasks, can be less expensive, starting at around 10% to 15% of the revenue. Additionally, property owners may incur extra fees for services like cleaning, repairs, and interior design, which are not always included in the standard management fee. Understanding these fee structures is crucial for property owners to make informed decisions about how to manage their short-term rental properties effectively.

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

35,000+ Properties
Hosts stay with RedAwning
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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 Thompsonville.

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 Michigan