Airbnb & VRBO Performance in Bolingbrook Illinois.

Short-Term Rental Regulations in Bolingbrook, Illinois for 2024

Licensing Requirement

• All landlords, agents, and managers of rental dwellings must possess a valid license from the Village of Bolingbrook, which costs $75 annually.

Required Documents

• Landlords must submit the necessary documentation, including the license application available at the Village of Bolingbrook Town Center.
• Landlords must certify that they have viewed a one-hour training video.
• A "Mandatory Addendum to Rent/Lease Agreement" outlining grounds for termination must be included.

Safety Standards and Inspections

• The village enforces safety standards and conducts inspections to ensure compliance with local regulations, including requirements for fire safety, electrical systems, and plumbing.

Zoning Compliance

• Short-term rentals must comply with zoning laws, which dictate the use of properties and the density of development in specific areas.

Taxation

• Hosts are responsible for any local taxes, such as the hotel/motel tax in Bolingbrook, which is currently set at 5%.
• Illinois state law requires Airbnb to collect a state occupancy tax on all bookings, which is then remitted to the state.

Compliance with Local Regulations

• Hosts must ensure their properties meet all safety and health standards as per standard zoning and housing codes.

Additional Rules

• Hosts must adhere to noise restrictions and occupancy limits as outlined in the "Mandatory Addendum to Rent/Lease Agreement".
• The village aims to promote responsible hosting and minimize potential conflicts between hosts, guests, and neighbors through these regulations.

Seasonal Considerations

• Hosts should be aware of seasonal fluctuations in demand, with peak seasons typically in late spring and summer, and lower demand in winter months except for the holiday season.

Title: Top Neighborhoods for Airbnb Revenue in Bolingbrook, Illinois: Appeal and Financial Viability

While specific neighborhood-level data for Bolingbrook, Illinois, is not extensively detailed in the sources provided, we can infer some key points about the viability and appeal of Bolingbrook as an Airbnb market and generalize to the neighborhood level.

Why Bolingbrook is Appealing for Guests

• Location and Amenities: Bolingbrook is strategically located near major attractions and offers a mix of urban and suburban experiences. Its proximity to Chicago and other tourist destinations makes it an attractive option for travelers seeking a quieter alternative with easy access to city amenities.
• Outdoor Activities: The area around Bolingbrook provides several outdoor recreational activities, which can be a significant draw for guests looking for a balanced stay.
• Community and Safety: Bolingbrook's strict but supportive regulations ensure that properties are maintained in a safe and sanitary condition, which enhances the overall guest experience.

Potential Neighborhoods for High Airbnb Revenue

While specific neighborhoods in Bolingbrook are not detailed, here are some general considerations based on typical factors that influence Airbnb revenue:

1. Neighborhoods Near Major Highways and Transportation Hubs

• These areas are likely to attract business travelers and tourists due to their convenience and accessibility.

2. Neighborhoods with High Residential Quality and Safety

• Areas known for their well-maintained homes, low crime rates, and family-friendly environments tend to be more appealing to a wide range of guests.

3. Neighborhoods Close to Local Attractions and Amenities

• Proximity to parks, shopping centers, and community facilities can increase the appeal of a neighborhood for short-term renters.

4. Neighborhoods with a Mix of Housing Types

• Areas offering a variety of housing options, including single-family homes and apartments, can cater to different types of guests and increase revenue potential.

General Financial Viability

• Affordable Real Estate: Compared to larger metropolitan areas, Bolingbrook's real estate prices are relatively affordable, which can lead to a faster return on investment for Airbnb hosts.
• Regulatory Support: Bolingbrook's regulations, while strict, are designed to support hosts and ensure a positive experience for both guests and residents, which can contribute to higher occupancy rates and revenue.

In summary, while specific neighborhood data is lacking, Bolingbrook's overall appeal and the general factors influencing Airbnb revenue suggest that neighborhoods with good location, safety, and amenities are likely to generate significant revenue.

Tips for Furnishing and Designing an Inviting Airbnb in Bolingbrook, Illinois

1. Set Clear Goals and Budget

Define your target audience and set a budget before starting to furnish your Airbnb. This will help you make informed decisions and ensure you create a space that meets your guests' needs while staying within your financial limits.

2. Choose Durable and Easy-to-Maintain Furniture

Select furniture that is durable and easy to clean, especially in high-traffic areas like the living room and kitchen. Avoid materials like real and faux leather, and opt for pieces that can withstand frequent use.

3. Optimize Storage and Functionality

Use smart storage solutions such as beds with drawers, wall hooks, pegboards in the kitchen, and stackable containers to keep the space tidy and functional. Provide designated spots for guests' personal items, like luggage racks.

4. Select Space-Saving Furniture

Invest in versatile, space-saving furniture like sofa beds, folding tables, and ottomans with hidden storage compartments. These pieces can transform the layout of your space according to your guests' needs.

5. Enhance with Mirrors and Lighting

Use mirrors to make your Airbnb feel bigger and brighter by reflecting natural light. Replace harsh overhead lighting with smaller, warmer lights to create a soothing ambiance.

6. Incorporate Neutral and Consistent Colors

Choose neutral colors that give a hotel-like feel, such as white, and ensure consistency by not mixing whites from different brands. High-quality, durable towels in neutral colors are also recommended.

7. Provide Essential Amenities

Ensure your Airbnb is equipped with essential amenities like a hairdryer, basic toiletries, a first-aid kit, a good blender, sharp knives, basic cookware, utensils, and dinnerware. Don't forget to include items like a cutting board, measuring cups, and a corkscrew.

8. Create a Functional Workspace

For guests who need to work, provide a sturdy desk, a comfy chair, good lighting, and easy access to power outlets. High-speed internet and a Wi-Fi booster (if necessary) are crucial for business travelers and digital nomads.

9. Ensure Safety and Accessibility

Install smoke detectors, carbon monoxide detectors, and a first aid kit. Consider making your Airbnb accessible to guests with disabilities by adding features like ramps, wide doorways, and grab bars in bathrooms.

10. Add Personal Touches and Local Flair

While maintaining a neutral base, add personal touches and local flair to reflect Bolingbrook's unique style. This could include local artwork, decorative items, or plants to liven up the space.

11. Timing and Maintenance

Plan furniture updates during the off-season or short gaps between bookings to minimize disruption. Ensure your cleaning crew is aware of any new furniture or changes in the layout to maintain the space effectively.

12. Elevate Your Aesthetic

Use accent chairs, change lighting fixtures, and mix materials like wood and metals to create a cohesive and inviting atmosphere. Hang large pieces of art or use chandeliers to add drama to small spaces.

Local Attractions and Insider Tips for Visiting Bolingbrook, Illinois

Attractions

Outdoor and Recreational Activities

• Hidden Oaks Nature Center: A nature preserve with 80 acres of woodland and river plain habitat, offering naturalist programs, summer camps, and home to various local wildlife such as coyotes, deer, and great horned owls.
• Pelican Harbor Indoor/Outdoor Aquatic Complex: A water park featuring both indoor and outdoor facilities, perfect for family fun.
• Boughton Ridge Golf Course: A 9-hole golf course owned by the Bolingbrook Park District.
• Bolingbrook Golf Club: An 18-hole municipal golf course.

Family-Friendly Venues

• Bee Happy Club: A modern entertainment and events place where children can play and parents can relax in a safe environment.
• Johansen Farms: Offers a petting zoo and other family-friendly activities.
• FunFlatables: An inflatable play center for kids.

Cultural and Community Events

• Village Picnic: An annual event featuring Art in the Park, a petting zoo, scavenger hunt, fishing derby, live music, and more.
• Summer Concert Series: Free outdoor concerts at the Roger C. Claar Performing Arts Center during the summer.
• iFest: Bolingbrook International Festival of Colors: A celebration of global cultures with ethnic food, handmade goods, and cultural entertainment.
• Jubilee: A three-day event in August with a craft show, car show, live music, and food & drink.

Shopping and Dining

• The Promenade Bolingbrook: A shopping mall with various dining and entertainment options.
• Star Cinema Grill | Dine-In Movie Theater: A unique dining experience combined with a movie theater.

Unique Experiences

• Axe Throwing and Archery at The Promenade Bolingbrook: For those looking for an adventurous activity.
• Rocket Ice Arena: An ice skating arena, perfect for winter activities.
• Illinois Aviation Museum at Clow International Airport: A museum showcasing aviation history and offering insights into local aviation.

Insider Tips

Best Times to Visit

• Summer: Enjoy the Summer Concert Series, Village Picnic, and outdoor activities at Pelican Harbor Aquatic Complex.
• Fall: Experience the Jubilee and Halloween Walk events.
• Winter: Take part in the Winter Walk and visit the Rocket Ice Arena.

Local Favorites

• Check the Village Calendar: Stay updated with the latest events and festivals happening in Bolingbrook.
• Explore Local Restaurants: Discover what neighbors and friends are saying about the amazing local restaurants in Bolingbrook.

Getting Around

• Convenient Location: Bolingbrook is a southwest suburb of Chicago, accessible via I-55 and Historic Route 66.

By providing these attractions and insider tips, your Airbnb guests will have a comprehensive guide to make the most of their visit to Bolingbrook, Illinois.

Practical Tips to Run a Successful Short Term Rental Business in Bolingbrook, Illinois

To ensure a smooth and successful short-term rental business in Bolingbrook, Illinois, several practical tips can be implemented:

Noise Regulations and Guest Communication

Inform your guests about the noise regulations and quiet hours to maintain a harmonious relationship with neighbors. Include this information in the "Mandatory Addendum to Rent/Lease Agreement" as required by the Village of Bolingbrook's "Good Neighbor" Rent Lease Program. This helps in setting clear expectations and avoiding potential conflicts.

Creating a Comprehensive House Manual

Develop both digital and physical house manuals that include essential instructions, Wi-Fi passwords, and other pertinent details. This manual should cover everything from how to use appliances to emergency contact numbers, ensuring guests have all the information they need at their fingertips.

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 and photos on how to access the property, as well as parking instructions to avoid any confusion. This contactless check-in method enhances guest convenience and reduces the likelihood of issues during arrival.

By implementing these strategies, you can enhance the guest experience, reduce potential issues, and maintain compliance with local regulations, ultimately contributing to the success of your short-term rental business in Bolingbrook, Illinois.

Here is a brief list of house cleaning providers in Bolingbrook, Illinois:

House Cleaning Services in Bolingbrook, IL

EuroMaids

• Offers regular, one-time, and commercial cleaning services.
• Provides comprehensive cleaning including dusting, vacuuming, mopping, and sanitizing.
• Uses eco-friendly cleaning products and serves the surrounding areas.

Molly Maid of the Southwest Suburbs and Three Rivers

• Provides recurring, one-time, occasional, and special event cleaning services.
• Offers personalized cleaning solutions, contract-free services, and a "Neighborly Done Right Promise™".
• Uses eco-friendly cleaning products and caters to homes of all sizes.

My Marvelous Maids

• Offers extensive cleaning services with vetted and trained cleaners.
• Provides online booking and secure payment options.
• Satisfaction guaranteed.

Karen's Green Maids

• Specializes in deep cleaning services starting at $99.00.
• Uses eco-friendly practices and takes pride in their cleaning services.

These services cover a range of cleaning needs for residential and commercial properties in Bolingbrook, IL.

Short-Term Rental Management Fees in Bolingbrook, Illinois: A Guide to Costs and Services

In Bolingbrook, Illinois, 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 around 20% to 30% of the rental income.

Basic services, which may only include essential management tasks like rent collection and compliance with local regulations, can be less expensive, potentially falling in the 10% to 15% range. Additionally, hosts may incur extra fees for services such as cleaning, repairs, or property design and optimization. These additional costs can add to the overall management fee, making it important for hosts to carefully review and understand the fee structure before engaging a property management company.