The “Valley of the Sun” continues to see growth every year so it’s not a surprise that investors are considering this as a potential Airbnb investment market. There are more than 30 million people who visit Scottsdale annually. These price insensitive tourists come for golf or to take in a game. Keep in mind too that there are 15 Major League Baseball teams that do their spring training here. The families and supporting staff of the teams need a place to stay and are more interested in an Airbnb in Scottsdale property than staying in a hotel. It’s a tourist destination all year round where all types of tourists come from couples to families. Recently Realtor.com ranked Scottsdale as the most profitable city for Airbnb.
The Scottsdale vacation rental demand is high. While there are sprawling luxury resorts here, many families choose to stay in a Scottsdale neighborhood setting where they have more space. An Airbnb in Scottsdale property that offers a full kitchen, dining room, living room, separate bedrooms, and a pool are highly desirable for visitors. Arizona is Airbnb friendly with legal protection for those wanting to offer short term vacation stays. There are few properties but plenty of demand so a Airbnb in Scottsdale investment property will have high success rates.
A Growing City with Affordable but Strong Real Estate Market
Scottsdale’s real estate market has been growing thanks to their realistic housing market. They’ve seen solid appreciation over the years and have been in the country’s top 20% consistently. For an Airbnb in Scottsdale investment, you can get a property for a reasonable price and while renting it out, it increases in value. Scottsdale is in a sweet spot for home buyers as it’s slightly competitive. Costs to purchase are low in comparison to other areas of the country and a short term rental investment is high in demand.
High Demand for Tourism All Year Round
Thanks to warm climates all year-round and the popularity of the area, there is an opportunity to fill your nights any month of the year. There are conferences and attractions here that bring a constant influx of visitors. It’s easy to get to so U.S. citizens from all over can catch a flight for the weekend. In fact, it’s one of the top spots in the country for golfers to get away. There is more demand for Scottsdale Airbnb rentals than there are properties.
Friendly Short Term Rental Regulations
Scottsdale Vacation rental management is easier than other places in the U.S because of their friendly regulations. To be clear, a short term rental is less than 30 days in a residential property. As an Airbnb manager, you need to ensure that your guests will follow ordinances relating to noise, and how many occupants are in the dwelling. There is a maximum of 6 adults allowed, along with their dependent children. The Airbnb regulations in Scottsdale are quite relaxed and you just need to file with Maricopa County to become a legit short term stay management property.
High Demand for Monthly Stays
Scottsdale is seeing a lot of new people from all over the country relocating. It’s not only an excellent place to retire but it’s also attracting those who work from home and can choose where they want to live. It takes new residents a while to set up and often they’ve come without solidifying a place to live or waiting to get into the home they’ve purchased. An Airbnb manager will not only have tourists booking in for short term stays but also longer stays for new people moving here.
Not a lot of Airbnb Inventory Means Rates are High
Scottsdale gets a lot of tourists coming through as well as people coming for business. Despite the fact that it’s easy with relatively low real estate prices, there simply aren’t enough Scottsdale Airbnb properties. For those who do have an Airbnb in Scottsdale investment property, there will be consistent night’s stays throughout the year. This allows you to set the price at whatever you want and charge more during busy times. Airbnb in Scottsdale investing is lucrative here because there simply aren’t enough properties so you can set your night’s stay at a high rate. This area attracts price insensitive tourists who are looking for luxury more than affordable night’s stays.
To get more information about our Airbnb management Scottsdale services, you can contact us.