Boise, Idaho, is thriving as a lucrative short-term rental market, attracting both leisure and business travelers with its vibrant culture and scenic beauty, and offering substantial rental income opportunities for property owners despite the need for careful compliance with local regulations.
Thriving Short-Term Rental Market in Boise, Idaho
Boise, Idaho, is experiencing a robust and vibrant short-term rental market, driven by the city's appealing tourism industry and scenic beauty. The market has seen significant growth, with key platforms like Airbnb and VRBO at the forefront. While specific data on occupancy rates and average daily rates for Q3 2024 is not provided, the overall trend indicates high demand. Investors are capitalizing on this demand by strategically managing their properties, with listings near tourist attractions and amenities seeing particularly high occupancy rates. The city's regulations, including the requirement for a short-term rental license, have helped maintain a balanced and compliant market, making Boise an attractive destination for both travelers and property owners.
Short-Term Rental Regulations in Boise, Idaho for 2024
Licensing Requirements
- All short-term rental operators must obtain an annual license from the City of Boise, which costs $80 plus a $1.50 processing fee.
Application Process
- The application can be completed online through the City of Boise's website. First-time users must set up an account.
- Applicants must provide detailed information, including:
- Contact information for the property owner and an on-site representative.
- Property address and description.
- Listing numbers or URLs for the property on rental platforms like Airbnb or Vrbo.
- Parking availability details.
Safety and Insurance
- Each licensed property must have:
- Smoke detectors, carbon monoxide detectors, and fire extinguishers.
- Liability insurance with at least $1 million in coverage, or equivalent coverage through the rental platform.
Local Representative
- Owners who live outside of Idaho must designate a local representative who resides within 20 miles of Boise to handle license issues and legal notices.
Compliance with Codes and Taxes
- Operators must comply with local health, safety, and fire codes.
- They must also be aware of and comply with tax obligations, including sales tax and other local taxes, and coordinate with the Idaho State Tax Commission for tax remittance.
Renewal and Enforcement
- Licenses must be renewed annually.
- Enforcement is largely complaint-driven due to limited staffing, with the city typically starting with a warning letter before escalating to fines or legal action.
Additional Requirements
- Ensure the property is zoned to allow short-term rentals by checking with the Boise Planning & Development Services Department.
- Register the short-term rental business with the Idaho Secretary of State.
- Comply with city operational rules, including occupancy caps, proper trash disposal, quiet hours (10pm-8am), and posting required safety information inside the unit.
Top Airbnb Revenue-Generating Neighborhoods in Boise, Idaho
1. North End
The North End is one of the most appealing and lucrative neighborhoods for Airbnb in Boise. Here are some reasons why:- Historic Charm: The North End is known for its historic homes, including bungalows and mid-century modern houses, which offer a unique and charming experience for guests.- Proximity to Amenities: It is walking distance to Hyde Park, downtown Boise, and the Boise foothills, providing easy access to shopping, dining, and outdoor activities.- Highly Rated Properties: Properties in this area, such as the "Lovely North End Guesthouse" and "North End 1905 Bungalow," are highly rated for their cleanliness, location, and amenities.
2. Downtown Boise
Downtown Boise is another high-revenue generating area due to its central location and amenities:- Central Location: Guests can walk to fine dining, breweries, arts, and other downtown attractions. Properties like "Franklin Place - Downtown Historic Apartment" and "Stevie's Downtown Getaway" are highly praised for their location.- Access to Greenbelt and Trails: The area is close to the Boise River Greenbelt and the Ridge to River Trail system, offering extensive walking and biking paths.
3. Southeast Boise
Southeast Boise, particularly around the Original South Boise area, is attractive for several reasons:- Proximity to BSU and Local Points of Interest: Properties like "Oma's Haus" and "Entire House Tish's House" are close to Boise State University, the airport, and other local points of interest, making them convenient for a variety of guests.- Family-Friendly: The area offers parks, playgrounds, and off-leash dog parks, making it ideal for families.
4. Hyde Park Area
The Hyde Park area, nestled within the North End, is popular due to:- Vibrant Neighborhood: It is known for its vibrant atmosphere, with close proximity to shopping, dining, and bars. Properties like the "Rockin' Sunset Cottage" and "North End Retreat" are highly rated for their location and amenities.- Scenic Views and Trails: Guests can enjoy the scenic views and easy access to Camel's Back Park and the Boise foothills.
These neighborhoods are highly appealing to guests due to their unique blend of historic charm, central location, and easy access to various amenities and outdoor activities.
Furnishing and Design Tips for an Inviting Airbnb in Boise, Idaho
Defining Your Property's Aesthetic
- Define your property's aesthetic based on Boise's unique style, which often blends modern comfort with a touch of outdoor charm and rustic elements.
Measuring and Layout
- Measure your rooms and plan the layout to ensure ample space for movement and to maximize natural light sources.
Choosing Furniture
- Opt for sturdy, timeless pieces that fit your theme. Avoid flimsy or low-quality furniture, especially for high-traffic items like beds and sofas.
- Select space-saving furniture with big functionality, such as sofa beds, folding tables, or ottomans with hidden storage.
Comfort and Practicality
- Invest in a solid bed with a mattress that is at least 8 inches thick. Consider memory foam mattresses for durability and ease of replacement.
- Provide high-quality, durable towels and linens in neutral colors that can be easily bleached.
Storage and Organization
- Incorporate smart storage solutions like beds with drawers, wall hooks, and stackable containers to keep the space tidy and organized.
Lighting and Mirrors
- Use mirrors to make the space feel bigger and brighter. Ensure there are power sockets nearby for hair dryers and straighteners.
Kitchen Essentials
- Stock up on basic cookware, utensils, and dinnerware. Include items like a cutting board, measuring cups, and a corkscrew. Provide ample storage for food and kitchen essentials.
Workspace and Technology
- Set up a sturdy desk and a comfortable chair for guests who need to work. Ensure good lighting and easy access to power outlets. High-speed internet is crucial, and consider a Wi-Fi booster for larger spaces.
Safety and Accessibility
- Install smoke detectors, carbon monoxide detectors, and a first aid kit. Consider making your Airbnb accessible to guests with disabilities by including features like ramps, wide doorways, and grab bars in bathrooms.
Decor and Personal Touches
- Add unique, whimsical, or eye-catching items over time to personalize the space. Incorporate local elements and decor that reflect Boise's culture and outdoor lifestyle.
Small Appliances and Amenities
- Provide small appliances, kitchenware, bathroom items, linens, towels, and toiletries. Include extras like a hairdryer, basic toiletries, and a first-aid kit to enhance guest comfort.
Budgeting and Prioritizing
- Set a budget and prioritize spending on key items like beds and sofas, which are crucial for guest comfort. Be mindful of splurging on statement pieces that define the space.
Discover Boise: Top Local Attractions and Insider Tips for Your Visit
Top Local Attractions
Nature and Outdoor Activities
- Boise River Greenbelt: A 25-mile scenic pathway along the Boise River, perfect for cycling, walking, and wildlife viewing. It connects to several parks and cultural sites, including the Idaho Anne Frank Human Rights Memorial and Boise State University.
- Julia Davis Park: Features Zoo Boise, the Boise Art Museum, Idaho Historical Museum, Discovery Center of Idaho, and Idaho Black History Museum. Enjoy lagoons, rose gardens, and a duck pond within the park.
- Camel's Back Park: Offers tennis courts, playgrounds, an outdoor gym, and access to the Ridge to Rivers trail system with great views of the city.
- Bogus Basin Mountain Recreation Area: A year-round recreation area with skiing, Nordic tracks, and tubing in winter; hiking and downhill mountain biking in summer. Rent yurts and enjoy live music on weekends.
- Quinn's Pond: A 22-acre pond within Bernardine Quinn Riverside Park, ideal for swimming, paddleboarding, kayaking, and fishing.
Cultural and Historical Sites
- Old Idaho Penitentiary State Historic Site: Explore old prison cells and learn about the daily life of inmates. Adjacent to the Idaho Botanical Garden.
- Idaho State Capitol: A historic building offering guided tours and a glimpse into Idaho's legislative history.
- Basque Block: Experience the Basque culture through museums, shops, restaurants, and events in this vibrant area.
- Idaho Anne Frank Human Rights Memorial: A poignant memorial dedicated to human rights and located along the Boise River Greenbelt.
Museums and Galleries
- Boise Art Museum: Located in Julia Davis Park, featuring a variety of art exhibitions.
- Idaho Historical Museum: Part of Julia Davis Park, offering insights into Idaho’s history from prehistoric times to pioneer settlements.
- Discovery Center of Idaho: An interactive science museum within Julia Davis Park, great for families.
- Basque Museum and Cultural Center: Learn about the Basque heritage and culture in this unique museum.
Unique Experiences
- Freak Alley: A vibrant alley in downtown Boise filled with street art and murals, a must-see for art enthusiasts.
- Zoo Boise: Home to over 200 animals, including rare and endangered species, with special exhibits like “Butterflies in Bloom” and “Giraffe Encounters”.
Insider Tips
Getting Around
- Use the Boise River Greenbelt: This pathway is not only scenic but also a convenient way to navigate the city on foot or by bike, connecting many major attractions.
Local Events
- Check the Local Event Calendar: Visit Boise or Boise Centre websites for a comprehensive list of events, including concerts, festivals, farmers markets, and brew festivals.
Dining and Nightlife
- Explore Downtown Boise: Stroll through the vibrant downtown area to discover over 100 shops, 80 restaurants, and numerous microbreweries and nightlife venues.
Seasonal Activities
- Float Down the Boise River: Enjoy a lazy float down the river using a tube, raft, or stand-up paddleboard during the warmer months.
- Visit Bogus Basin in Winter: For skiing, Nordic skiing, and tubing, and in summer for hiking and mountain biking.
By sharing these attractions and tips with your guests, you can help them experience the best of what Boise has to offer.
Practical Tips to Run a Successful Short-Term Rental Business in Boise, Idaho
To operate a successful short-term rental business in Boise, Idaho, several practical tips can enhance the guest experience and ensure compliance with local regulations.
Noise Regulations and Quiet Hours
Inform your guests about the quiet hours mandated by the City of Boise, which are from 10pm to 8am. Clearly post this information in the rental property and include it in your digital and physical house manual to avoid any potential issues with neighbors.
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 property's rules, including quiet hours, parking instructions, and safety procedures.
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 likelihood of lost keys.
Parking Instructions with Photos
Ensure that your house manual includes clear parking instructions, accompanied by photos to avoid any confusion. Since parking rules are part of Boise's operational requirements for short-term rentals, making this information readily available helps guests comply with local regulations and avoids potential fines.
By implementing these tips, you can maintain a positive relationship with your guests, neighbors, and local authorities, ultimately contributing to the success and compliance of your short-term rental business in Boise.
Here is a brief list of house cleaning providers in Boise, Idaho:
House Cleaning Services in Boise, ID
Fabulously Clean
- Offers quality house cleaning, maid services, recurring maid services, deep cleaning, move in & move out cleaning, and laundry & light cleaning.
- Uses quality cleaning products and the best equipment.
- Thoroughly vetted staff and background checks.
- Partners with Cleaning for a Reason to provide free services to women undergoing cancer treatment.
The Cleaning Authority
- Provides house cleaning services in Boise, Meridian, Nampa, and surrounding areas.
- Uses an Detail-Clean Rotation System for thorough cleaning.
- Environmentally friendly products and HEPA filtration vacuums.
- Fully bonded and insured professionals.
- Offers customized cleaning schedules and 100% satisfaction guarantee.
Scrub 'N Bubbles Cleaning Service
- Specializes in residential maintenance cleaning, move in/out cleaning, post-construction cleaning, and commercial office cleaning.
- Uses environmentally friendly and organic cleansers on request.
- Serving the Treasure Valley area, including Boise, Caldwell, Eagle, and more.
Boise Premier Cleaning
- Offers house cleaning, office cleaning, and Air B&B & VRBO cleaning services.
- Over 10 years of experience in the house cleaning industry.
- Serving Boise, Eagle, Star, Meridian, Kuna, Nampa, and other surrounding areas.
Various Local Providers
- There are 97 listed house cleaning services in Boise, with an average rating of 4.5 out of 5 stars.
- Services can be found through local listings, with rates starting at $19.97/hr.
Managing Boise, Idaho Short-Term Rentals: Understanding Management Fees
In Boise, Idaho, the management fees for 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, such as Host Boise, which handle everything from guest communication and marketing to property maintenance and cleaning, tend to charge fees on the higher end of this spectrum.
Basic services, which might include only the essential management tasks like rent collection and tenant interaction, generally cost less. Additionally, property owners may incur extra fees for specific services such as professional cleaning, repairs, and design or remodeling projects. These additional costs can add up, but they are often necessary to maintain high standards of guest satisfaction and property condition.