Airbnb & VRBO Performance in Buffalo Wyoming.

Short-Term Rental Regulations in Buffalo, Wyoming for 2024

Licensing and Registration

• Short-Term Rental License: Required for all short-term rental properties. The license must be obtained annually from the relevant local authorities.
• Zoning Verification: Properties must be located in designated business (B) zones or residential zone 2 (R-2) to operate as short-term rentals.

Compliance with Local Ordinances

• Building and Safety Codes: Hosts must prove compliance with safety and building codes set by the town officials.
• Neighbor Notification: Hosts are required to notify neighbors within 300 feet of the property of their intention to operate a short-term rental.

Tax Compliance

• Sales Tax License: Hosts must register with the Wyoming Department of Revenue for a sales tax license to collect and remit the required state sales tax.
• Lodging Tax Registration: Short-term rentals are considered lodging facilities and must register to pay the state lodging tax.

Operational Guidelines

• Single Booking Policy: In some areas, a single group or party must occupy the entirety of the Airbnb location during a stay.
• Floor Plan and Parking Plan: Hosts may need to submit a floor plan and parking plan to demonstrate compliance with building and parking requirements.

Community and Zoning Regulations

• Homeowners Association (HOA) Approval: If the property is part of an HOA, the host must obtain written approval from the HOA before the city or county will issue a short-term rental permit.
• Community-Centric Approach: Regulations are designed to maintain the local character and balance tourism with community integrity.

Enforcement

• Complaint-Based Enforcement: Enforcement of these rules may be primarily complaint-based, with action taken against non-compliant short-term rentals when complaints are received from neighbors or other concerned parties.

Top Neighborhoods for Airbnb Revenue in Buffalo, Wyoming

1. Downtown Buffalo

Downtown Buffalo is a significant revenue generator for Airbnb due to its central location and historic charm. Properties like the "King One Bedroom, Downtown Converted 1894 Hotel" and "The Court Haus on Main Street" are highly rated for their unique historical backgrounds, modern amenities, and proximity to local attractions such as quaint shops, cafes, and historical sites.

2. Big Horn Mountains Area

The area surrounding the Big Horn Mountains, including locations like the "Honeymoon Cabin" and "Bounty of the Bighorns Cabin," attracts high revenue due to its natural beauty and outdoor recreational opportunities. Guests are drawn to these cabins for activities such as hiking, hunting, fishing, and skiing, and for their tranquil, scenic settings.

3. Wallows Creek Ranch Area

Located just 15 minutes south of Buffalo, the Wallows Creek Ranch area is appealing for its rural charm and immediate access to nature. The "Wallows Creek Ranch Guest House" is a favorite among guests for its covered deck, beautiful mountain views, and the opportunity to watch horses and antelope graze.

4. Shell Creek and I-90 Corridor

Properties like the "Cozy Shell Creek Bunkhouse" benefit from their convenient location near I-90 and the Big Horn Mountains. This area is ideal for outdoor enthusiasts, offering easy access to hiking, biking, horseback riding, and fishing spots, making it a lucrative neighborhood for Airbnb rentals.

5. Fort and Downtown Vicinity

The "Hollyhock House on Fort" and similar properties in this area are highly sought after due to their proximity to downtown Buffalo's popular attractions, including shops, cafes, pubs, and historical sites. The convenience and amenities available in this neighborhood make it a top choice for guests.

These neighborhoods are appealing to guests due to their unique blend of historical charm, modern amenities, and easy access to both urban and natural attractions, making them prime locations for generating significant Airbnb revenue.

Furnishing and Design Tips for an Inviting Airbnb in Buffalo, Wyoming

Understanding Local Preferences

• Reflect the Local Vibe: Incorporate elements that resonate with Buffalo's unique style, such as rustic and luxurious mountain aesthetics, to create a memorable experience for guests.

Choosing the Right Furniture

• Durable and Easy to Clean: Opt for furniture that is easy to clean and maintain, such as sofas with washable covers. Avoid real and faux leather as they are tough to maintain.
• Space-Saving Furniture: Use furniture with big functionality, like sofa beds, folding tables, or ottomans with hidden storage compartments to maximize space.

Enhancing Functionality

• Essential Amenities: Equip your kitchen with essentials like a coffee maker, microwave, toaster, and kettle. Include basic cookware, utensils, and dinnerware. Add a blender and sharp knives for extra convenience.
• Comfortable Workspaces: Provide a sturdy desk and a comfy chair for guests who need to work. Ensure good lighting and easy access to power outlets. High-speed internet is crucial for business travelers and digital nomads.

Creating a Welcoming Atmosphere

• Modern Fixtures and Bedding: Update your fixtures and use high-quality, comfortable bedding to create a luxurious and inviting atmosphere.
• Smart Storage: Use beds with drawers, wall hooks, pegboards in the kitchen, and stackable containers to keep the space tidy and organized.

Aesthetic Considerations

• Natural Materials: Incorporate natural materials and mountain-inspired aesthetics to complement the outdoor scenery. Log furniture and modern rustic design can create a cozy and inviting atmosphere.
• Mirrors and Lighting: Use mirrors to make the space feel bigger and brighter. Ensure there is ample lighting, and consider adding a desk lamp for additional illumination.

Guest Convenience

• Storage for Personal Items: Provide enough storage for guests' toiletries and personal items. Shelves or cabinets make it easy for guests to access essentials.
• Basic Toiletries and Appliances: Offer a hairdryer, basic toiletries, and a first-aid kit. These small touches can make a significant difference in guest satisfaction.

Accessibility and Safety

• Accessibility Features: Consider making your Airbnb accessible to guests with disabilities by adding ramps, wide doorways, and grab bars in bathrooms.
• Safety Equipment: Install smoke detectors, carbon monoxide detectors, and a first aid kit to ensure guest safety.

Timing and Maintenance

• Off-Season Updates: Plan furniture updates during the off-season or short gaps between bookings to minimize disruption and keep the place in top shape for guests.
• Input from Cleaning Crew: Involve your cleaning crew in the selection and layout of new furniture to ensure they are aware of any changes and can provide feedback on what holds up best.

Discovering Buffalo, Wyoming: Local Attractions and Insider Tips

Local Attractions

Historic Sites

• Historic Occidental Hotel & Saloon: Experience the authentic Western charm of this 1880s hotel, complete with vintage rooms, three eateries, and a saloon. It's a must-visit for its historical significance and lively atmosphere.
• Jim Gatchell Memorial Museum: Explore the extensive collection of artifacts from the Old West, including items from Native Americans, Army scouts, and early settlers. The museum is a 2023 winner of the National Medal for Museum and Library Service.
• Fort Phil Kearny State Historic Site: Visit this site to learn about the history of the American West, including the Fetterman's Massacre Site and the Wagon Box Fight.

Outdoor Activities

• Cloud Peak Skyway Scenic Byway (US Highway 16): Take a 47-mile drive through the Big Horn Mountains, passing by historical sites like TA Ranch and enjoying breathtaking views of Cloud Peak and Ten Sleep Canyon.
• Clear Creek Trail System: Enjoy hiking, biking, snowshoeing, and cross-country skiing on this extensive trail system that runs through downtown Buffalo and into the foothills of the Bighorns.
• Lake DeSmet: Engage in swimming, boating, paddleboarding, and fishing during the summer, and ice fishing in the winter. The lake also hosts the annual Polar Plunge on New Year's Day.

Natural Wonders

• Dry Creek Petrified Tree Environmental Education Area: Hike through a prehistoric forest featuring millions-year-old petrified trees, a unique natural wonder just east of Buffalo.
• Bighorn National Forest: Explore the forest for camping, picnicking, rock climbing, and wildlife spotting. It's a photographer's dream with its stunning scenery.

Community and Culture

• Downtown Main Street: Start your day with a hearty breakfast at restaurants like the Busy Bee Cafe or Main Street Diner. Shop for local arts, crafts, and souvenirs in the various galleries and shops.
• Johnson County Fairgrounds: Attend events like the Johnson County Fair & Rodeo, professional bull riding, and antique fairs to experience the local Western heritage.
• Longmire Days: If visiting in July, don't miss this event that celebrates the book and TV series "Longmire," which was inspired by the Buffalo area.

Other Attractions

• Mountain Meadow Wool Mill: Tour the wool mill to learn about the process from raw wool to final products. Don't forget to visit the gift shop.
• Outlaw Canyon and Cave: Explore the historic hideout of outlaws like Butch Cassidy and the Sundance Kid, located in the Hole in the Wall Country.
• Chris LeDoux Park: Visit this park in Kaycee to see a larger-than-life statue of the world champion rodeo cowboy and country music star Chris LeDoux.

Insider Tips

Dining

• Busy Bee Cafe: A local favorite and a spot featured in the "Longmire" series, known for its hearty breakfasts.
• The Virginian Restaurant: Located in the Historic Occidental Hotel, offering a dining experience with a touch of the Old West.

Shopping

• Local Art Galleries: Explore the various galleries on Main Street for unique Wyoming-made arts and crafts.
• Gift Shops: Check out the gift shops at the Jim Gatchell Memorial Museum and the Mountain Meadow Wool Mill for authentic local products.

Outdoor Tips

• Trail Access: The Clear Creek Trail System is easily accessible from several spots along U.S. Highway 16, making it perfect for year-round activities.
• Winter Activities: Enjoy snowshoeing, cross-country skiing, and ice fishing at Lake DeSmet during the winter months.

Local Events

• Polar Plunge: If visiting on New Year's Day, join the locals for a thrilling ice-cold plunge into Lake DeSmet.
• Buffalo Theater: Catch first-run shows at this recently renovated theater, part of the HGTV’s Home Town Kick Start program.

Scenic Drives

• Crazy Woman Canyon: Take a scenic drive through this beautiful canyon, suitable for most family vehicles.

By sharing these attractions and insider tips, you can help your Airbnb guests make the most of their visit to Buffalo, Wyoming, and experience the unique blend of Western history, natural beauty, and local culture.

Practical Tips to Run a Successful Short-Term Rental Business in Buffalo, Wyoming

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

Noise Regulations and Guest Communication

Inform guests about quiet hours through clear communication in your listing and in a digital or physical house manual. This helps maintain a respectful environment for both guests and neighbors, adhering to local noise regulations.

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.

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 enhances convenience and reduces the likelihood of check-in issues.

Clear Parking Instructions

Include parking instructions with photos in your house manual to help guests navigate parking options easily. This is particularly important in areas where parking can be limited or complex, ensuring that guests can park their vehicles without confusion or inconvenience.

By implementing these strategies, you can enhance the guest experience, reduce potential issues, and maintain a positive reputation for your short-term rental business in Buffalo, Wyoming.

Here is a brief list of house cleaning, repair, or maintenance providers in Buffalo, Wyoming:

House Cleaning Services

• Sparkling and Beyond: Offers professional cleaning services for commercial and residential properties using state-of-the-art equipment.
• 307 Maid: Provides house cleaning services, allowing clients to focus on other important tasks.
• Top Rated House Cleaners on Angie's List: A list of highly rated house cleaners in Buffalo, WY, based on real reviews and ratings.

Contents Cleaning and Restoration

• Captain Clean: Specializes in contents cleaning and personal effects restoration in Buffalo, Wyoming.

Short-Term Rental Management Fees in Buffalo, Wyoming: A Comprehensive Guide

In Buffalo, Wyoming, managing a short-term rental 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, which includes guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often around 20% to 25% of the revenue.

Basic services, such as listing and booking management, may be less expensive but still significant. Additional fees can apply for services like cleaning, repairs, and design, which are often charged separately or included in a consumables fee.

Understanding these fees is crucial for hosts to ensure they comply with local regulations and maximize their rental income. Local and state taxes, including a 4% sales tax and a 5% lodging tax, also need to be factored into the overall cost structure.