Airbnb & VRBO Performance in Virginia Beach Virginia.

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Virginia Beach, Virginia: Airbnb & VRBO Vacation Rental Market Overview

The short-term rental market in Virginia Beach, Virginia, is thriving, with high occupancy rates of around 56-59%, average daily rates ranging from $178 to $286, and significant annual revenues, making it an attractive and profitable investment opportunity.

Market overview

Thriving Short-Term Rental Market in Virginia Beach, Virginia

Virginia Beach continues to shine as a prime destination for short-term rental investors, boasting impressive performance metrics. According to recent data, the city hosts over 1,500 active short-term rental listings, with an average daily rate of $377.70 and a robust occupancy rate of 57%.

This strong demand is fueled by the city's appealing attractions, including pristine beaches, a bustling boardwalk, and a wide array of entertainment options. With average gross revenues for vacation rentals in Virginia Beach reaching around $44,163, and daily rates averaging $286, the market presents a lucrative opportunity for investors seeking high returns.

The combination of high occupancy rates and substantial daily rates underscores Virginia Beach's status as one of the top short-term rental markets, both in Virginia and nationwide. This vibrant market is a testament to the city's enduring appeal to tourists and the potential for significant financial gains for property owners.

Short Term Regulations

Short-Term Rental Regulations in Virginia Beach, Virginia for 2024

Eligibility Criteria

  • Properties must be located in the Sandbridge Special Service District, the Oceanfront Resort Short-term Rental Overlay District, or be grandfathered in (registered with the Commissioner of Revenue and paying transient occupancy taxes before July 1, 2018).
  • Properties with a conditional use permit (CUP) obtained before September 7, 2021, are also eligible.

Permitting Requirements

  • Obtain an annual Short-Term Rental Zoning Permit from the Planning Department. The fee is $200 and must be renewed annually.
  • For properties in the Oceanfront Resort District, a Conditional Use Permit (CUP) is required in addition to the zoning permit.

Safety and Structural Inspections

  • Properties must undergo life-safety inspections annually, unless managed by a City-certified property management company, in which case inspections are required every three years.
  • Structural safety inspections are required every three years, with initial submission at the time of the zoning permit request.

Liability Insurance

  • Property owners must have liability insurance coverage of at least $1,000,000 applicable to the rental activity.

Financial Obligations

  • Collection and remittance of transient occupancy taxes. Hosts must maintain detailed records of each transaction for at least three years.

Operational Standards

  • Compliance with safety standards, including adequate fire extinguishers, carbon monoxide detectors, and smoke alarms.
  • Adherence to noise restrictions: outdoor amplified sound is prohibited between 10 p.m. and 10 a.m..
  • Maximum occupancy limits: three individuals per bedroom between 11:00 p.m. and 7:00 a.m..

Community Relations

  • Managing noise levels and ensuring guests are aware of local rules regarding noise and events.

Enforcement and Penalties

  • Non-compliance can result in fines of up to $200, with potential revocation of permits for repeated offenses.
  • Grandfathered status can be revoked if regulations are breached, neighbors complain, or if the property remains vacant or isn’t used as a rental home for two years.

Additional Requirements

  • Submission of a sworn statement form certifying the operation of a short-term rental, property address, and ownership.
  • Providing a site plan displaying the property layout as part of the permitting process.
Neighborhood Performance
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Design Tips

Tips for Furnishing and Designing an Inviting Airbnb in Virginia Beach, Virginia

1. Reflect the Local Style and History

Transform your Airbnb interior by incorporating elements that narrate the personality and history of Virginia Beach. Use striking accents such as vivid hues and captivating lighting fixtures to amplify the allure of your space. Consider the coastal vibe and integrate beach-inspired decor to make your rental feel authentic and inviting.

2. Choose Easy-to-Maintain Materials

Select upholstery materials that are easily washable, such as vinyl or leather fabrics. This is particularly important for high-traffic areas and to simplify the cleaning process for housekeepers. Also, consider using artificial plants to maintain a vibrant appearance without the upkeep of real plants.

3. Design with Your Target Guests in Mind

Understand who your target guests are and design the space accordingly. For example, families may appreciate additional amenities like a sofa bed, while couples might enjoy more intimate and cozy settings. Tailor your design to meet the needs and preferences of your most likely guests.

4. Use Light Fabrics and Natural Colors

In a beach town like Virginia Beach, use light fabrics and natural colors to create a soft and airy feel. This will help your guests feel the coastal ambiance and make the space feel more relaxed and inviting.

5. Add Thoughtful Details

Include delicate nuances and thoughtful details such as high-quality sheets, premium soap, and fixtures that accentuate natural light. These small touches evoke a sense of personal care and can significantly enhance the guest experience.

6. Prioritize Quality Over Quantity

Adopt a ‘less is more’ approach to furnishing your vacation rental. Focus on essential amenities and avoid cluttering the space with unnecessary items. This will help create a light, bright, and inviting ambiance that feels like a home away from home.

7. Ensure Compliance with Local Regulations

Make sure your design and furnishings comply with Virginia Beach’s short-term rental regulations, including occupancy limits, noise restrictions, and safety inspections. This will help you avoid fines and ensure a smooth operation of your rental business.

8. Test Your Space

Spend at least one night in your rental and use all the amenities to identify areas for improvement. This hands-on approach will help you make thoughtful host decisions and add finishing touches that guests will appreciate.

9. Use Durable and High-Quality Furniture

Invest in furniture made for heavy use, such as pieces with performance fabric. Avoid cheap furniture made of faux wood or particle board, as these can break easily and are hard to maintain.

10. Enhance Outdoor Spaces

Since outdoor spaces are crucial for attracting guests, ensure your deck, patio, or backyard is well-designed and inviting. This can include adding outdoor furniture, lighting, and other amenities that enhance the guest experience.

Insider Tips

Virginia Beach Attractions and Insider Tips for Your Guests

Beach and Boardwalk

  • Virginia Beach Boardwalk: A 3-mile long and 28-foot wide oceanfront boardwalk perfect for people-watching, taking selfies with the King Neptune statue, or biking along the path.
  • Insider Tip: Rent bikes and enjoy the scenic views, or stop by one of the many restaurants and shops along the way.

Nature and Parks

  • First Landing State Park: The most visited state park in Virginia, featuring 2,888 acres, 1.5 miles of Chesapeake Bay beaches, and extensive hiking trails through various habitats.
  • Insider Tip: Explore the maritime forest, a highly endangered habitat type, and participate in activities like ghost tours and scavenger hunts.

  • Other State and City Parks: Virginia Beach is home to two state parks, a national wildlife refuge, and several city parks, offering a range of outdoor activities.

Family-Friendly Attractions

  • Virginia Aquarium & Marine Science Center: Features thousands of animals, hands-on exhibits, a boat tour, and an adventure park with ropes courses and ziplines.
  • Insider Tip: Book times and complete the electronic waiver online to avoid long lines at The Adventure Park.

  • Hunt Club Farm: Offers a petting farm, pony rides, BirdWalk Aviary, and seasonal festivals. Ideal for a full day of fun with kids.

  • Insider Tip: Check the farm's schedule for special events and summer farm camps.

  • Grommet Island: A beach park designed for kids, featuring a playground and other family-friendly activities.

Historic and Cultural Landmarks

  • Cape Henry Lighthouse: A historic landmark and one of the oldest lighthouses in the United States.
  • Insider Tip: Combine a visit to the lighthouse with a tour of the nearby First Landing State Park.

  • Military Aviation Museum: Showcases a collection of historic aircraft and offers flight experiences.

Water Activities

  • Fishing & Boating: Enjoy saltwater and freshwater fishing, visit marinas, or launch kayaks to explore Virginia Beach’s waterways.
  • Insider Tip: Rent equipment and take a guided tour to make the most of your fishing or boating experience.

  • Ocean Breeze Waterpark: A fun spot for water slides, wave pools, and other aquatic activities.

Shopping and Dining

  • Virginia Beach Surf Shops and Farmer’s Markets: Unique shopping experiences featuring local goods and surf gear.
  • Insider Tip: Visit the farmer’s markets for fresh produce and handmade local products.

  • Boardwalk Restaurants: Dine at one of the many restaurants along the boardwalk, offering a variety of cuisines.

Nightlife and Entertainment

  • Neptune's Park: Hosts free summertime street performers, local and national musical performances, and theatrical shows.
  • Insider Tip: Check the park's schedule for upcoming events and performances.

  • Brewery Tours: Explore Virginia Beach’s local craft beer scene with guided tours.

Getting Around

  • Transportation Options: Use public transportation, ride-sharing services, or bike rentals to get around the city easily.
  • Insider Tip: Plan ahead and use the city’s transportation guides to find the best parking spots and alternative transportation options.

By sharing these attractions and insider tips, you can help your guests make the most of their visit to Virginia Beach.

Practical Tips

Practical Tips to Run a Successful Short-Term Rental Business in Virginia Beach, Virginia

To ensure a smooth and successful short-term rental business in Virginia Beach, several practical tips can make a significant difference. First, it is crucial to adhere to the city's noise regulations by informing guests about quiet hours, which are typically between 10 p.m. and 10 a.m. This can be done through a clear communication in the rental agreement and a reminder in the house manual.

Creating a comprehensive digital and physical house manual is essential. This manual should include detailed instructions on how to use appliances, Wi-Fi passwords, and other important information about the property. This helps guests navigate the space easily and reduces the number of inquiries you might receive.

Streamlining the check-in process is also vital. Utilizing smart locks can eliminate the need for physical key exchanges, making the arrival process more convenient for guests. Additionally, providing detailed parking instructions accompanied by photos can help guests find and use the designated parking areas without confusion.

By implementing these strategies, you can enhance the guest experience, reduce potential issues, and maintain a positive reputation in the community, all while ensuring compliance with Virginia Beach's stringent short-term rental regulations.

Local Vendors

Here is a brief list of house cleaning providers in Virginia Beach, Virginia:

House Cleaning Services in Virginia Beach, VA

The Cleaning Authority

  • Provides deep cleaning services using an exclusive Detail-Clean Rotation System.
  • Offers free in-home cleaning estimates, flexible services, and environmentally responsible products.
  • Fully bonded and insured with highly qualified professionals.

CottageCare

  • Offers eco-friendly cleaning and maid services with a 100% money-back guarantee.
  • Provides cleaning plans tailored to your home and lifestyle, including kitchen, bathroom, and surface dusting.
  • Serves Virginia Beach, Chesapeake, Norfolk, and Suffolk.

So Clean Virginia Beach

  • Specializes in deep cleaning services, including windows, using green-clean products and Nano Towels.
  • Locally owned and operated, serving all of Hampton Roads.
  • Known for transparent pricing and a comprehensive 40-point cleaning checklist.

Various Independent Cleaners

  • Listed on Care.com, with 171 affordable house cleaning options available in Virginia Beach, starting at $18/hr.
  • Average experience of 4 years and an average rating of 4.4 out of 5 stars based on 55 reviews.
Management fees

Short-Term Rental Management Fees in Virginia Beach, Virginia

In Virginia Beach, Virginia, 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 companies, which handle comprehensive tasks such as guest communication, marketing, and maintenance, usually charge on the higher end of this spectrum, often between 15% to 20% of the rental revenue.

For instance, companies like GoSummer charge a fee starting at 20% of the booking revenue, excluding cleaning fees. In contrast, more basic services or hybrid models like Koti, which offer on-site emergency response and compliance management, may charge lower fees or flat-rate subscriptions, allowing property owners to self-manage certain aspects while still receiving essential support.

Additional fees can also apply for services such as cleaning, repairs, or professional design and furnishing of the rental property. These extra costs can vary depending on the specific services required and the management company's policies.

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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 Virginia Beach 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
RedAwing knows how to get bookings
50+ Top Booking Channels
More than any other platform available

Furnishing checklist

This comprehensive checklist ensures that your rental is guest-ready with all the essentials to create a comfortable and memorable experience in Virginia Beach.

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 Virginia