Bothell, Washington is thriving with a diverse and convenient array of short-term rental options, offering fully furnished units, flexible lease terms, and a range of amenities to cater to various lifestyles, from travelers and remote workers to families and corporate relocations.
Thriving Short-Term Rental Market in Bothell, Washington
Bothell, Washington, is experiencing a robust and profitable short-term rental market. With a median occupancy rate of 78%, which is considered exceptionally high, hosts in Bothell are seeing significant demand for their listings. On average, a typical short-term rental in Bothell is booked for 285 nights per year, generating an annual revenue of approximately $32,000. The average daily rate stands at $114, indicating strong pricing power. This performance is further bolstered by lenient local regulations, making it an attractive and stable investment opportunity for those considering short-term rentals in the area.
Short-Term Rental Regulations in Bothell, Washington for 2024
While the specific regulations for short-term rentals in Bothell, Washington, are not as detailed as those in other cities like Seattle or Snohomish, here are some key points and general guidelines that can be inferred from the available information:
Business Licensing
- Short-term rental operators must obtain a business license, similar to other business operations in the city. This typically involves registering with the Washington State Department of Revenue and obtaining a Unified Business Identifier (UBI) number.
Compliance with State Regulations
- Operators must comply with Washington State laws regarding short-term rentals, including maintaining primary liability insurance to cover the short-term rental dwelling unit with an aggregate of not less than one million dollars, or conducting transactions through a platform that provides equal or greater insurance coverage.
Local Taxes and Fees
- Operators are required to remit all applicable local, state, and federal taxes, including occupancy, sales, and lodging taxes.
Land Use and Zoning
- Short-term rentals must adhere to Bothell's land use and zoning regulations. While the city's municipal code does not specifically address short-term rentals, it outlines various residential uses and restrictions that could apply. For example, residential uses such as rooms for roomers or boarders are permitted, but specific regulations for short-term rentals are not detailed.
Consumer Safety
- Operators must comply with consumer safety requirements as outlined in Washington State law, including providing contact information, emergency contact details, floor plans indicating fire exits, and maximum occupancy limits.
Registration and Transparency
- Operators should ensure their properties are registered as businesses and comply with any local registration requirements. They must also display necessary information such as the short-term rental address and emergency contact details.
Given the lack of specific regulations in Bothell's municipal code, it is advisable for short-term rental operators to consult with local authorities to ensure full compliance with all applicable laws and regulations.
Top Neighborhoods for Airbnb Revenue in Bothell, Washington
Neighborhoods Generating High Airbnb Revenue
1. Canyon Park
- Appeal: Canyon Park is a highly sought-after neighborhood due to its central location, easy access to amenities, and proximity to major employment hubs. Guests appreciate the balance of residential tranquility and convenience to local shops and restaurants.
- Revenue Potential: With over 590 vacation rentals, Canyon Park is one of the most frequently booked areas, indicating high demand and potential for significant Airbnb revenue.
2. Moorlands
- Appeal: Moorlands offers a mix of residential and commercial areas, making it attractive for guests who want to be close to both local amenities and natural attractions. The neighborhood's family-friendly environment and access to parks and trails are additional draws.
- Revenue Potential: Moorlands has over 870 vacation rentals, highlighting its popularity among guests and the potential for high Airbnb revenue.
3. Downtown Bothell
- Appeal: The downtown area is appealing due to its vibrant atmosphere, proximity to wineries like the Chateau Ste. Michelle Winery, and other local attractions such as the Country Village Shops and the Park at Bothell Landing. Guests enjoy the walkability and the variety of dining and entertainment options.
- Revenue Potential: Properties in the downtown area, especially those near popular spots like Woodinville Wine Country, tend to have higher occupancy rates and daily rates, contributing to higher annual revenues.
4. North Creek Trail Area
- Appeal: This area is popular for its natural beauty, with the North Creek Trail offering scenic walks and outdoor activities. Guests also appreciate the nearby amenities such as Molbak's Garden + Home and the Wilmot Gateway Park.
- Revenue Potential: The high demand for properties near recreational trails and parks, combined with the area's lenient regulations, makes it an attractive and profitable location for Airbnb hosts.
Why These Neighborhoods Are Appealing
- High Occupancy Rates: Bothell boasts a median occupancy rate of 78%, indicating strong demand for short-term rentals across these neighborhoods.
- Proximity to Attractions: Neighborhoods like Downtown Bothell and those near the North Creek Trail offer easy access to popular attractions, wineries, and outdoor activities, which are major draws for guests.
- Family-Friendly and Pet-Friendly Options: Many rentals in these areas are family-friendly and pet-friendly, catering to a wide range of guest preferences.
- Lenient Regulations: Bothell has lenient regulations regarding short-term rentals, making it easier for hosts to operate and generate revenue.
These factors combined create an environment where Airbnb hosts can expect significant revenue potential in these neighborhoods.
Tips for Furnishing and Designing an Inviting Airbnb in Bothell, Washington
Understand Local Preferences and Attractions
- Bothell, being near Seattle and surrounded by natural beauty, attracts guests who appreciate a mix of urban convenience and rural charm. Incorporate elements that reflect this balance in your design.
Choose Modern yet Cozy Decor
- Opt for modern, stylish decor that also exudes comfort and coziness. This can include a blend of rustic and farmhouse styles, often complemented by modern touches.
Focus on Quality and Comfort
- Invest in high-quality, comfortable furnishings. Guests are more likely to return and leave positive reviews if the space feels luxurious and well-maintained.
Utilize Natural Materials and Earthy Tones
- Use natural materials and earthy tones to reflect the surrounding beauty of the area. This can include wood accents, stone features, and a color palette that mirrors the local landscape.
Incorporate Local Artwork
- Add locally sourced artwork to enhance the aesthetic and make the space feel more connected to the local culture.
Prioritize Functional Amenities
- Ensure the space includes functional amenities such as modern kitchens for cooking and entertaining, and cozy fireplaces for a home-like atmosphere.
Create Inviting Outdoor Spaces
- If possible, include spacious outdoor areas for gatherings and relaxation. This could be a patio, deck, or backyard with seating and possibly a hot tub or fire pit.
Select Statement Pieces Wisely
- Allocate your budget to statement pieces such as couches, coffee tables, and dining room tables that define the space. These pieces should be of high quality and aesthetic appeal.
Add Plants and Greenery
- Incorporate plants and greenery to liven up the space and create a welcoming atmosphere.
Ensure Tech and Comfort Amenities
- Provide amenities like high-speed WiFi, sound systems, and hotel-quality linens to enhance guest comfort and satisfaction.
Consider Pet-Friendly and Family-Friendly Features
- If targeting families or pet owners, include amenities such as high chairs, travel cribs, pet-friendly spaces, and outdoor areas that are safe and enjoyable for all.
Maintain a Clean and Well-Organized Space
- Keep the space clean and well-organized. Clear instructions on how to use everything can also make the stay more comfortable for guests.
Discover Bothell, Washington: Local Attractions and Insider Tips
Local Attractions
Outdoors & Play
- Burke-Gilman Trail / Sammamish River Trail: Enjoy walking, biking, or kayaking along these trails that connect Kenmore, Bothell, Woodinville, and Redmond.
- Log Boom Park: A refurbished park perfect for a snack break with views of Lake Washington.
- Marymoor Dog Park: A 40-acre leash-free area in nearby Redmond with trails, woods, swimming, and dog wash stations.
- Saint Edward State Park: Explore the natural beauty and recreational opportunities of this park.
- North Creek Trail: Another scenic trail for hiking and biking.
Cultural and Historical Sites
- Bothell Historical Museum: Learn about the history and heritage of Bothell.
- Bothell City Hall Art Displays: Admire local art on display at the city hall.
- Hindu Temple & Cultural Center: Experience the cultural richness of the Hindu community.
- Tsuga Fine Art and Framing: View and appreciate local art from artists in the region.
Unique Experiences
- Crow Watch at University of Washington - Bothell: Witness the unique phenomenon of up to 16,000 crows roosting in the wetlands around the campus.
- Yakima Fruit Market and Small River Farm: Stroll through the nursery and admire the flowers, and take home some local produce or a bouquet.
- Park at Bothell Landing: Take Instagram-worthy photos on the historic bridge.
Entertainment and Leisure
- McMenamins Anderson School: Enjoy restaurants, a swimming pool, theater, and live music.
- Northshore Performing Arts Center: Catch a performance at this local arts venue.
- Zulu's Board Game Cafe: Play board games and enjoy craft brews and snacks.
- Arena Sports: Engage in laser tag, climbing walls, fun zones, and indoor soccer.
Food and Drink
- Happy Hour Spots: Enjoy discounted cocktails and snacks at various local restaurants and bars.
Insider Tips
- Best Time to Visit: The Yakima Fruit Market and Small River Farm are open from March to Halloween, making spring and fall great times to visit.
- Crow Watch Event: Attend the annual "Crow Watch" event in November for presentations and a viewing party.
- Local Markets: Explore the First and Main Design Market for interior design, custom furniture, and vintage items.
- Outdoor Gear Rentals: Use services like WhatsSup Stand Up Paddle & Kayak for kayak, paddleboard, and bike rentals.
- Community Events: Check out the local community celebrations and events, such as those at the Kenmore Community Club.
By sharing these attractions and tips, you can help your Airbnb guests make the most of their visit to Bothell, Washington.
Practical Tips to Run a Successful Short-Term Rental Business in Bothell, Washington
To ensure a smooth and enjoyable experience for both you and your guests, several practical tips can make a significant difference in running a successful short-term rental business in Bothell, Washington.
Noise Regulations and Guest Communication
Inform your guests about noise regulations and quiet hours to maintain a peaceful environment for both the guests and the neighbors. Include this information in your digital and physical house manual to set clear expectations.
Comprehensive House Manual
Create a detailed digital and physical house manual that includes essential instructions, Wi-Fi passwords, and other important details. This manual should cover everything from appliance usage 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 clear parking instructions accompanied by photos to help guests navigate the property easily. This not only enhances guest satisfaction but also reduces the likelihood of misunderstandings or issues during their stay.
By implementing these strategies, you can enhance the guest experience, reduce potential conflicts, and maintain a well-organized and efficient short-term rental operation in Bothell.
Here is a brief list of house cleaning providers in Bothell, Washington:
House Cleaning Providers in Bothell, WA
Adrianne's Housekeeping
- Offers customized house cleaning services, including residential cleaning, maid services, and housekeeping.
- Provides deep cleaning, apartment cleaning, move out cleaning, and spring cleaning services.
- Fully licensed, bonded, and insured.
Maria Cleaning Company
- Provides professional house cleaning services, including bathroom cleaning, hardwood and tile floors cleaning, and real estate cleaning.
- Customizes services to meet individual needs and offers 100% satisfaction guarantee.
- Fully trained and reliable staff.
Mrs. Clean
- Offers professional maid services, including standard house cleaning, deep house cleaning, move in/out cleaning, and office cleaning.
- Services are available on a one-time, weekly, bi-weekly, and monthly basis.
- Licensed, bonded, and insured with background checks on all cleaners.
Merry Maids of Lynnwood
- Provides comprehensive home cleaning services, including dusting, vacuuming, mopping, and cleaning bathrooms and kitchens.
- Offers specialized services such as carpet cleaning, window cleaning, and enhanced disinfection.
- Customizable cleaning solutions with a satisfaction guarantee.
Bothell, Washington: Understanding Short-Term Rental Management Fees
In Bothell, Washington, short-term rental management fees 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. This level of service ensures that all aspects of managing a short-term rental are handled, from attracting guests to managing day-to-day operations. On the other hand, basic services that may only include essential tasks like booking management and financial reporting can be less expensive. Additionally, property owners may incur extra fees for services such as cleaning, repairs, or design enhancements, which can further impact the overall cost of management.