Airbnb & VRBO Performance in Bennington Nebraska.

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Bennington, Nebraska: Airbnb & VRBO Vacation Rental Market Overview

Despite national trends of slightly declining occupancy, the short-term rental market in Bennington, Nebraska, is showing resilience, with stable rates and a promising late fall season that indicates a potential return to pre-pandemic performance levels.

Market overview

Bennington, Nebraska: A Resilient and Promising Short-Term Rental Market

Despite national trends showing a decline in vacation rental performance, Bennington, Nebraska, is exhibiting signs of resilience and potential growth in the short-term rental market. While national occupancy rates have been slightly lower than in previous years, with August 2024 seeing a 2% decrease compared to 2023 and a 5% decrease compared to 2022, the late fall season is showing promising signs. October and November are pacing ahead of last year's occupancy rates, with November expected to be 2% ahead, indicating a return to pre-pandemic trends as supply and demand begin to balance out.

Average daily rates (ADR) have remained relatively stable, with rates in August 2024 at $329, only $3 higher than last year but still competitive. For the upcoming months, rates are expected to be $8 higher per night than last year, suggesting a strong demand for short-term rentals in Bennington. This positive outlook highlights Bennington's appeal as a desirable destination, making it an attractive option for both investors and travelers.

Short Term Regulations

Short-Term Rental Regulations in Bennington, Nebraska for 2024

General State Regulations

  • Prohibition on Bans: Municipalities, including those in Bennington, are not permitted to ban short-term rentals outright.
  • Health and Safety Regulations: Municipalities can adopt ordinances to regulate short-term rentals for public health and safety, including fire codes, health and sanitation standards, traffic control, and waste management.

Licensing and Registration

  • Business License: Hosts may need to obtain a local business license to operate a short-term rental.
  • Short-Term Rental License: While there is no statewide licensing requirement, local municipalities like Douglas County (which may serve as a model for other areas) require a short-term rental license. Bennington may have similar requirements.

Zoning and Land Use

  • Equal Land Use Ordinances: Short-term rentals must be treated the same as other similar residential properties in terms of zoning, noise regulations, and property maintenance.

Taxation

  • Sales and Occupation Taxes: Municipalities can impose sales taxes or occupation taxes on short-term rentals, as long as these taxes are otherwise permitted by law. Hosts must collect and remit the 5.5% state sales tax and the 1% state lodging tax, as well as any additional local taxes.

Safety and Sanitation

  • Fire Code Compliance: Adherence to fire codes is mandatory for all short-term rentals.
  • Health and Sanitation Standards: Hosts must comply with local health regulations and maintain stringent sanitation standards.
  • Emergency Contact: Designation of an emergency contact for the rental property is required.

Insurance

  • General Liability Insurance: While not a legal requirement, hosts are strongly advised to obtain adequate insurance coverage to protect against damages, liability claims, and loss of rental income.

Compliance and Enforcement

  • Occupancy Limits and Rental Caps: Hosts must adhere to occupancy limits and any rental caps set by local ordinances.
  • Penalties for Non-Compliance: Municipalities can impose fines and revoke licenses for repeated non-compliance with regulations.

Additional Requirements

  • Proof of Ownership: If the applicant is not the property owner, a notarized letter from the owner granting consent may be required.
  • Site and Floor Plans: Hosts may need to provide site plans showing parking and buildings, as well as floor plans with room dimensions and proposed occupancy.
Neighborhood Performance

Top Neighborhoods for Airbnb Revenue in Bennington, Nebraska

1. West Omaha

  • Appeal: Properties in West Omaha are highly sought after due to their proximity to major attractions such as the zoo, malls, the airport, and various restaurants and bars. The area offers a mix of luxury and family-friendly accommodations, including homes with heated pools, outdoor bars, and spacious yards.
  • Revenue Potential: High daily rates and strong occupancy rates make West Omaha a lucrative area for Airbnb hosts. Properties here often feature amenities like air conditioning, fully equipped kitchens, and private gardens, which contribute to their high revenue generation.

2. Bennington Proper

  • Appeal: Bennington itself offers a range of appealing properties, including historic barn lofts and modern ranch homes. Guests are drawn to the unique experiences, such as staying in a century-old carriage house listed on the National Register of Historic Places, and enjoying full breakfasts and large decks.
  • Revenue Potential: The area's average daily rate of $284 and monthly revenue of $19,655 indicate a strong demand for short-term rentals. Properties here often have high occupancy rates, contributing to their revenue potential.

3. Benson

  • Appeal: Benson's historic district is a major draw, with its trendy restaurants, bars, and ice cream shops. Guests appreciate the cozy, private spots with large yards and bright, airy interiors. The proximity to scooter and bike rentals adds to the area's appeal.
  • Revenue Potential: The high ratings and frequent reviews suggest that properties in Benson are consistently in demand. This demand, coupled with the area's amenities, makes it an attractive location for generating Airbnb revenue.

4. Council Bluffs (Adjacent to Bennington)

  • Appeal: Although technically in Council Bluffs, some properties near Bennington offer a quiet country setting that is still close to urban amenities. Guests like the peaceful atmosphere and the convenience of being near both Bennington and Omaha.
  • Revenue Potential: These properties often receive excellent reviews and can command high nightly rates due to their unique blend of rural tranquility and urban accessibility.

5. Millard and Papillion (Suburbs of Omaha)

  • Appeal: These suburbs offer a mix of modern homes and villas with amenities like garages, private fenced yards, and fully equipped kitchens. Guests appreciate the quiet neighborhoods and the proximity to Omaha's attractions.
  • Revenue Potential: The high ratings and consistent demand for these properties indicate they are profitable for Airbnb hosts, especially given their competitive nightly rates and occupancy levels.
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Design Tips

Creating an Inviting Airbnb in Bennington, Nebraska: Design and Furnishing Tips

General Design Principles

  • Balance Budget and Quality: Mix mid-range and budget-friendly furniture to avoid a cheap, mass-produced look. Incorporate antiques or vintage pieces to add character and warmth.
  • Target Your Guest Niche: Design your space with a specific type of guest in mind, such as families, digital nomads, or travelers with pets. This will help in choosing the right furniture and amenities.

Textures and Surfaces

  • Mix Textures: Combine different textures like smooth metal, handmade textured tiles, linen, and wool to create a multidimensional space. For example, use a handmade textured tile for the kitchen backsplash to contrast with smooth cabinets.
  • Add Soft Surfaces: Incorporate rugs, soft blankets, and comfortable chairs to add warmth and inviting feel to the living room.

Lighting

  • Layered Lighting: Use a combination of overhead, task, and accent lights to create a stylish and well-lit space. Consider dimmer switches and lamps to provide lighting control.
  • Natural Light: Enhance natural light by placing mirrors next to windows and consider hanging lighting fixtures for a unique look.

Furniture and Layout

  • Comfortable Seating: Ensure there are enough places for guests to sit and put their drinks. Use poufs, occasional tables, and swivel chairs to facilitate conversation and comfort.
  • Functional Layout: Design the living room to evoke conversation and consider the guests' experience. Add nooks for reading or family activities.

Bedding and Bedrooms

  • White Bedding: Use white bedding to give a clean and hygienic impression. Splurge on full and fluffy duvet inserts for a luxurious feel.
  • Bedside Amenities: Provide bedside tables and lamps for each guest, and consider adding USB ports or wireless charging features.

Local and Personal Touches

  • Reflect Local Style: Incorporate elements that reflect Bennington’s unique style and location. For example, use local ceramics or artwork that tell a story about the area.
  • Personal but Not Overwhelming: Add quirky, fun items that spark interest without cluttering the space. Avoid too many personal items like family photos to maintain guest comfort.

Additional Tips

  • Cleanliness and Hygiene: Ensure all surfaces are easy to clean and maintain a high level of cleanliness. Use disinfectants and white bedding to reinforce this.
  • Vertical Elements: Add interest to the ceiling with paint, wallpaper, or a chandelier to make the space more visually appealing in photos.

By following these tips, you can create an inviting and unique Airbnb space in Bennington, Nebraska, that reflects the city's style and meets the needs of your guests.

Insider Tips

Local Attractions and Insider Tips for Bennington, Nebraska

Attractions

1. Standing Bear Lake

  • Located just outside of Bennington, this lake offers paved trails for cycling, running, and hiking.
  • Enjoy fishing, kayaking, and sailing.
  • The trail around the lake is a wide concrete path with a mix of shade and sun, though it can be more crowded near the marina.

2. Centennial Park

  • A local park with various amenities and activities, making it a great spot for outdoor recreation.

3. The Warehouse in Bennington

  • A unique venue that may host events or offer entertainment options for visitors.

4. Midwest Gameroom Connection

  • For those interested in gaming, this is a must-visit spot with a collection of games and gaming-related items.

5. Bennington Farmer’s Market

  • During the summer, visit the annual Bennington Farmer’s Market for local produce and community interaction.

Insider Tips

Community Events

  • Bennington Daze: Participate in the annual celebration held in June, which includes sports tournaments, street dances, movie-in-the-park, parades, and games.

Shopping

  • Community Garage Sales: Check for semi-annual garage sales held in the spring and at the end of summer for unique shopping opportunities.

Recreation for Children

  • There are several activities and programs available for children, listed on the city’s Organizations page.

Local Tips

  • Crowd Levels at Standing Bear Lake: Be aware that the area near the marina can be more crowded than the northern side of the lake.
  • Facilities at Standing Bear Lake: The pavilion offers a nice shaded view of the lake, pebble beaches, and bathrooms.

By providing these attractions and insider tips, you can enhance your guests' experience and help them make the most of their visit to Bennington, Nebraska.

Practical Tips

Practical Tips to Run a Successful Short-Term Rental Business in Bennington, Nebraska

To ensure the success and smooth operation of a short-term rental business in Bennington, Nebraska, several practical tips can be implemented:

Noise Regulations and Guest Communication

Inform guests about quiet hours and noise regulations to maintain a peaceful environment for both the guests and the neighbors. Include clear guidelines on acceptable noise levels in your digital and physical house manual to avoid any misunderstandings.

Comprehensive House Manual

Create a detailed digital and physical house manual that includes essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should be easily accessible to guests, either in the rental property or via a digital link provided upon booking.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with a unique access code and detailed instructions on how to enter the property. This not only enhances convenience but also reduces the risk of lost keys.

Clear Parking Instructions

Include parking instructions with photos in your house manual to help guests understand where and how to park their vehicles. This can prevent confusion and potential issues with neighbors or local parking regulations.

By implementing these tips, you can enhance the guest experience, reduce potential conflicts, and ensure a smooth and successful operation of your short-term rental business in Bennington, Nebraska.

Local Vendors

Here is a brief list of house cleaning providers in Bennington, Nebraska:

House Cleaning Services in Bennington, NE

GB Cleaning Services

  • Offers residential, commercial, and janitorial services, including one-time deep cleans, weekly cleaning, and move-in/move-out cleaning. They provide customizable services using high-quality products and equipment.

Pink Shoe Cleaning Crew

  • Provides regular maintenance house cleaning services, including kitchen, bath, living, and bedroom cleaning. Services are available on a weekly, every other week, or monthly basis.

Nebraska Elite Cleaning

  • Offers reliable house and office cleaning services, including residential, deep, and commercial cleaning. They provide free quotes for their services.

For additional options and reviews, you can also refer to:- Angie's List: A list of top-rated house cleaners in Bennington, NE, with real reviews and ratings.- Care.com: A platform to find affordable house cleaning services in Bennington, NE, with listings by rates, reviews, and experience.

Management fees

Short-Term Rental Management Fees in Bennington, Nebraska: A Guide to Costs and Services

In Bennington, Nebraska, 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 falling between 25% to 30% of the rental income. In contrast, basic services that involve less involvement may cost less, usually around 10% to 20%. Additionally, property owners may incur extra fees for services like cleaning, repairs, and design, which can further impact the overall cost of property management.

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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 Bennington 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
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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 Bennington.

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 Nebraska