In Bayview, Idaho, short-term rental performance is showing signs of stability and growth, with average daily rates of $325, moderate occupancy levels, and a diverse range of rental options available.
Strong Recovery in Bayview, Idaho's Short-Term Rental Market
Despite the broader trends in the U.S. vacation rental industry, Bayview, Idaho, is showing promising signs of recovery and stability in its short-term rental market. According to recent data, Bayview's short-term rentals are maintaining a healthy average occupancy rate of 44%, which is a positive indicator of demand. The average daily rate for these rentals stands at $325, reflecting a stable and attractive pricing environment for both hosts and guests. This performance suggests that Bayview is bucking some of the national trends, where supply growth has outpaced demand in many areas. With its robust occupancy and consistent daily rates, Bayview is positioning itself as a vibrant and appealing destination for vacationers.
Short-Term Rental Regulations in Hayden Lake, Idaho (Applicable to Similar Jurisdictions like Bayview)
Since specific regulations for Bayview, Idaho, are not provided in the sources, the following regulations are based on those of the City of Hayden Lake, which can serve as a model for similar jurisdictions in Idaho.
Permit Requirements
- All short-term rentals must apply for an annual permit.
- Permits will not be transferrable from owner to owner or property to property.
Permit Fees
- Annual Fee: $300.
Advertising and Posting
- All permitted STRs must post their permit number on all advertisements.
Safety and Emergency Preparations
- Installation of smoke and carbon monoxide detectors where needed.
- 2-A-10-BC Fire extinguishers on each floor, with regular inspections.
- Emergency contact number and emergency exit route must be posted inside the STR.
Parking and Neighborhood Notices
- A parking plan must be provided to the City and renters, including the number and location of parking stalls.
- Notice must be provided to adjacent neighbors.
Occupancy and Use
- Short-term rentals are limited to 14 days per calendar year, which can be divided into two stays, unless a permit is obtained.
- Regulates occupancy similar to other residential properties.
- Prohibits outdoor storage and signs.
Owner/Responsible Party Availability
- An owner or responsible party must be available 24/7 while the unit is occupied.
Additional Requirements
- Use of trash containers; garbage and recycling containers cannot be stored within public view unless in approved receptacles on collection day.
- Compliance with quiet hours (if applicable, similar to Boise City regulations).
Compliance and Enforcement
- Code Enforcement will actively search for properties operating without a permit.
- Enforcement may be complaint-driven, with initial warnings before fines or legal action.
These regulations are subject to change based on state legislation and local ordinances, such as the proposed bill (HB 506) that could impact local regulatory powers over short-term rentals.
Top Neighborhoods for Airbnb Revenue in Bayview, Idaho
1. Lakefront and Waterfront Areas
- These areas are highly appealing due to their stunning views of Lake Pend Oreille and the surrounding mountains. Properties like the "Heavenly Views on Lake Pend Oreille" and the "Million dollar view duplex in Bayview" are favorites among guests for their tranquil settings, access to boat rentals, and scenic trails.
2. Farragut State Park Vicinity
- Neighborhoods close to Farragut State Park are popular because they offer easy access to outdoor activities such as hiking, biking, and fishing. The proximity to the park enhances the appeal for nature lovers and families looking for adventure.
3. Silverwood Theme Park Area
- Areas within a short distance to Silverwood Theme Park, such as the "Million dollar view duplex in Bayview" and the "Home in Rathdrum," attract families and thrill-seekers. The convenience of being close to a major amusement park is a significant draw.
4. Schweitzer Ski Resort Access
- Neighborhoods that offer easy access to Schweitzer Ski Resort, located about 41 miles north, are appealing to winter sports enthusiasts. Properties that provide amenities like cozy fire pits and scenic views cater well to those seeking a ski vacation.
5. Central Bayview
- The charm of Bayview's small-town atmosphere makes central neighborhoods attractive. Guests appreciate the local amenities, such as boat rentals, bicycle rentals, and fishing gear, which are readily available in the area.
These neighborhoods are highly rated for their location, cleanliness, and the variety of activities and amenities they offer, making them the most appealing and revenue-generating areas for Airbnb in Bayview, Idaho.
Tips for Furnishing and Designing an Inviting Airbnb in Bayview, Idaho
Define Your Goals and Understand Your Audience
- Identify the type of guests you are targeting and tailor the furnishings to meet their needs and preferences.
- Consider the unique aspects of Bayview, Idaho, such as its natural beauty and outdoor recreational opportunities, when choosing your theme and decor.
Choose Timeless and Functional Pieces
- Opt for sturdy, high-quality furniture that can withstand frequent use.
- Select pieces that are easy to clean and maintain, such as sofas with washable covers and durable dining tables.
Utilize Smart Storage Solutions
- Incorporate storage beds, wall-mounted shelves, and under-bed storage boxes to keep the space tidy and organized.
- Use hanging racks in the kitchen and pull-out drawers in cabinets to maximize storage.
Create a Welcoming Atmosphere
- Use warm lighting such as bedside lamps and table lamps to create a cozy and inviting ambiance.
- Add rugs and textiles to bring warmth and texture to the space. Choose easy-to-clean fabrics and mix patterns and colors to add life to the room.
Ensure Comfort and Convenience
- Invest in a solid, easy-to-clean bed with a high-quality mattress. Consider memory foam mattresses for durability.
- Provide essential amenities like a coffee maker, microwave, toaster, and kettle in the kitchen.
- Include a hairdryer, basic toiletries, and a first-aid kit to enhance guest convenience.
Maximize Space with Multi-Functional Furniture
- Use space-saving furniture such as sofa beds, folding tables, and ottomans with hidden storage compartments.
- Consider fold-out desks or wall-mounted tables to provide workspaces without taking up floor space.
Incorporate Local and Natural Elements
- Reflect the natural beauty of Bayview by incorporating elements like plants, local artwork, or natural materials in your decor.
- Use neutral colors and natural textures to create a harmonious and welcoming environment.
Enhance Guest Experience with Modern Amenities
- Install smart home gadgets such as smart locks, smart thermostats, and smart lights to enhance convenience and security.
- Provide entertainment options like a smart TV with streaming services, board games, and high-speed Wi-Fi.
Pay Attention to Details
- Ensure there is ample storage for guests' personal items, such as luggage racks and shelves.
- Add a full-length mirror and a power socket nearby for hair dryers and straighteners.
- Use blackout curtains for privacy and better sleep quality.
Make the Space Accessible
- Consider making your Airbnb accessible to guests with disabilities by adding features like ramps, wide doorways, and grab bars in bathrooms.
Discover Bayview, Idaho: Local Attractions and Insider Tips
Local Attractions
Water Activities and Lake Pend Oreille
- Enjoy water sports such as fishing, boating, water skiing, and swimming on Lake Pend Oreille, the largest lake in Idaho with over 200 miles of shoreline.
Farragut State Park
- Located just 4 miles west of Bayview, this 4,000-acre park offers a small beach, trail networks, disc golf courses, and is an excellent spot for wildlife viewing, including mountain goats, whitetail deer, and black bears.
Land-Based Activities
- Explore camping, hiking, and biking trails in the area.
- Engage in great hunting opportunities during the fall season.
Nearby Attractions
- Silverwood Theme Park: A popular theme park located about 13.4 km from Bayview.
- The Coeur d'Alene Resort: Known for its scenic beauty and amenities, approximately 38.1 km from Bayview.
- Sandpoint City Beach Park: A scenic beach park in Sandpoint, about 32.6 km from Bayview.
- Triple Play Family Fun Park: An amusement park in Hayden, around 30.2 km from Bayview.
Insider Tips
Best Time to Visit
- For water sports and warm weather activities, summer is the best time to visit.
- For hunting and fall foliage, autumn is ideal.
Local Wildlife
- Keep an eye out for mountain goats, eagles, and other alpine wildlife in the area.
Community Events
- Check the Bayview Community Center for local events and gatherings, which can be a great way to experience the community.
Accommodation Perks
- If you're staying at MacDonald’s Hudson Bay Resort, take advantage of their discount tickets to Silverwood Theme Park.
Outdoor Exploration
- Use the trail network connected to Bayview to explore the surrounding mountains and forests.
Dining and Shopping
- While Bayview itself is quiet and peaceful, nearby towns like Coeur d'Alene and Sandpoint offer a variety of dining and shopping options.
By sharing these attractions and tips, you can help your Airbnb guests make the most of their visit to Bayview, Idaho.
Practical Tips to Run a Successful Short-Term Rental Business in Bayview, Idaho
To ensure the success of your short-term rental business in Bayview, Idaho, several practical tips can make a significant difference in guest satisfaction and compliance with local regulations.
Noise Regulations and Quiet Hours
Inform your guests about quiet hours to maintain a peaceful environment, especially in residential areas. Include clear guidelines on noise levels in your digital and physical house manual to avoid any potential issues.
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 manual should also outline the house rules, including quiet hours, to ensure guests are well-informed.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with detailed instructions on how to access the property, along with parking instructions accompanied by photos to avoid any confusion.
Additional Tips
- Ensure your property is zoned for short-term rentals and comply with Idaho state law by collecting and remitting the 6% sales tax from guests.
- Maintain high standards of cleanliness and upkeep, and foster good relationships with local businesses to enhance guest experiences.
- Be aware of any homeowner or condominium association rules that may prohibit short-term rentals.
By implementing these strategies, you can enhance guest satisfaction, comply with local regulations, and maximize the potential of your short-term rental property in Bayview, Idaho.
Here is a brief list of house cleaning services available in Bayview, Idaho:
House Cleaning Services in Bayview, ID
Homeaglow
- Offers professional, affordable, and background-checked house cleaners.
- Initial 3-hour clean starts at $19.
Care.com
- Provides a list of local house cleaning services, with rates starting at $21.00/hr.
- Allows searching by rates, reviews, and experience.
Serene Cleaning Services
- Although primarily based in Spokane, WA, Coeur d'Alene, ID, and Sandpoint, ID, they also serve surrounding communities which may include Bayview.
- Offers various cleaning services including recurring cleaning, deep cleaning, move-in/out cleaning, and more.
Merry Maids
- Based in Coeur d'Alene but serves areas including Sandpoint and Sagle, which may extend to Bayview.
- Provides customized cleaning services with a team backed by 40 years of industry experience.
Short-Term Rental Management Fees in Bayview, Idaho: A Comprehensive Guide
In Bayview, Idaho, managing a short-term rental property 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 companies, such as those offered by GoSummer and Awning, handle all aspects of the rental operation, including guest communication, marketing, and maintenance, and usually charge fees on the higher end of this spectrum, often between 15% to 25% of the rental income.
For property owners who prefer more basic services, such as those provided by half-service managers like Evolve, fees can start as low as 10% but leave more of the day-to-day tasks to the owner. Additionally, owners may incur extra fees for services like cleaning, repairs, or design and furnishing, which can vary based on the specific needs of the property and the services required. Understanding these fee structures is crucial for property owners to ensure they are getting the best value for their investment while complying with local regulations in Bayview, Idaho.