Airbnb & VRBO Performance in Cincinnati Ohio.

Short-Term Rental Regulations in Cincinnati, Ohio for 2024

Registration and Licensing

• All hosts must register their short-term rentals with the City of Cincinnati before operation. The registration is valid for three years from the date of issuance.
• Registration can be completed online through the city's portal, and a registration fee of $250 is required for each individual unit.

Compliance and Certification

• Hosts must self-certify under penalty of perjury that the unit complies with all applicable building, zoning, housing, and fire codes.
• No in-person inspection is required during the registration process, but the city may request documentation for verification and auditing purposes.

Taxation

• Hosts are required to pay a 7% excise tax on the gross revenues generated from their operations. Hosting platforms with agreements with the city collect and pay these taxes on behalf of the operators.
• Hosts must file quarterly tax returns and adhere to all other applicable tax obligations.

Unit Limitations

• In buildings with five or more rental units, registrations are allowed for only four units plus one additional unit for every four dwelling units in excess of four units.

Prohibitions

• Property owners receiving public subsidies for affordable housing are prohibited from offering those properties for short-term rental.

Enforcement and Monitoring

• The city tracks and monitors complaints about registered and unregistered units. Penalties, fines, suspensions, and show-cause hearings can be imposed for violating any provision of the regulations or local/state laws.
• Hosts have the right to appeal decisions to the City Manager or the City Office of Administrative Hearings.

Community Standards

• Regulations address issues such as noise levels, parking, and safety concerns to ensure that short-term rental operations do not negatively impact the surrounding community.

Response to Complaints

• The city responds to complaints rather than actively seeking out non-compliant properties. Owners have 15 days to respond to code compliance issues.

Hosting Platform Responsibilities

• Hosting platforms with agreements with the city are responsible for collecting and paying taxes on behalf of the operators.

Top Neighborhoods for Airbnb Revenue in Cincinnati, Ohio

1. Over-The-Rhine (OTR)

• Average Revenue: $116.8K per year
• Average Daily Rate: $682.5 per night
• Average Occupancy Rate: 51%
• Why it's appealing:
• Central location with excellent walkability (Walk Score of 91).
• Access to a wide range of amenities, including grocery stores, restaurants, and public transportation.
• The Cincinnati Bell Connector streetcar line provides easy access to downtown and other popular destinations.
• Rich cultural and entertainment scene, including historic Music Hall, Washington Park, and numerous breweries and restaurants.

2. Hyde Park

• Average Revenue: $59.7K per year
• Average Daily Rate: $355.6 per night
• Average Occupancy Rate: 53%
• Why it's appealing:
• Unbeatable location and accessibility, minutes from downtown Cincinnati and major highways like I-71 and the Norwood Lateral.
• Excellent walkability with numerous shops, restaurants, and amenities within easy reach.
• Offers a blend of urban convenience and suburban tranquility with its tree-lined streets and historic architecture.

3. Oakley Square

• Average Revenue: $62.4K per year
• Average Daily Rate: $339.7 per night
• Average Occupancy Rate: 57%
• Why it's appealing:
• Vibrant hub for entertainment, dining, and shopping.
• Highly walkable urban district with well-maintained sidewalks, parks, and trails.
• Excellent access to public transportation and major highways, ensuring easy commutes and exploration of the city.

4. Clifton

• Average Revenue: $62.4K per year
• Average Daily Rate: $454.3 per night
• Average Occupancy Rate: 41%
• Why it's appealing:
• Proximity to the University of Cincinnati, making it a favorite among students and young professionals.
• Diverse housing options and a thriving cultural scene.
• Good walkability (Walk Score of 83) and access to public transportation, including the University of Cincinnati's shuttle system and Metro bus lines.

These neighborhoods stand out for their unique blend of cultural attractions, convenient locations, and high-quality amenities, making them highly appealing to Airbnb guests.

Furnishing and Design Tips for an Inviting Airbnb in Cincinnati, Ohio

Measuring and Layout

• Start by measuring your rooms and planning the best layout to ensure ample space for movement and to utilize natural light sources effectively.

Choosing Furniture

• Opt for timeless, sturdy pieces that align with your theme. Focus on solid beds, preferably with storage, and mattresses that are at least 8 inches thick. Memory foam mattresses are more durable and cost-effective.
• Select sofas with washable covers and consider sofa beds to increase guest capacity.
• Use multi-functional furniture like sofa beds, folding tables, and ottomans with hidden storage to maximize space.

Storage and Organization

• Implement smart storage solutions such as beds with drawers, wall hooks, and stackable containers to keep the space tidy.
• Provide designated spots for guests' personal items, like luggage racks and shelves for toiletries.

Lighting and Mirrors

• Use mirrors to make the space feel bigger and brighter. Ensure there is a full-length mirror with a power socket nearby for hair dryers and straighteners.
• Ensure good lighting, especially in work areas, and consider a desk lamp for added convenience.

Kitchen Essentials

• Equip the kitchen with essentials like a coffee maker, microwave, toaster, kettle, and basic cookware. Include items like a cutting board, measuring cups, and a corkscrew.
• Provide ample storage for food and include sealed containers for leftovers and dry goods if possible.

Comfort and Practicality

• Use high-quality, durable towels in neutral colors that can be bleached. Provide basic toiletries and a hairdryer.
• Choose comfy, lightweight chairs that are sturdy and easy to move around. Darker chairs hide stains better and are more practical.

Safety and Compliance

• Ensure compliance with local safety regulations. Provide a fire extinguisher, fire alarm, and carbon monoxide detector. Clearly mark the fire escape route and maintain all safety devices regularly.
• Inspect the home for potential hazards, fix any issues, and mark or remove hazardous objects.

Local Touch

• Incorporate local elements to reflect Cincinnati's unique style. Consider local art, unique pieces from local markets or art fairs, and partnerships with local artisans.

Budget-Friendly Tips

• Focus on key areas like the bedroom, living room, and kitchen to maximize impact on guests. Explore secondhand shopping at thrift stores, consignment shops, and online marketplaces.
• Engage in DIY decor projects to upcycle old furniture and add a personalized touch without breaking the budget.

Guest Comfort and Convenience

• Ensure working appliances and proper ventilation. Provide instructions on how to use the heater and air conditioning, and make sure the thermostat is accessible.
• Offer a sturdy desk and comfy chair for guests who need to work, along with high-speed internet and a Wi-Fi booster if necessary.

Community Considerations

• Communicate local rules, house rules, and noise policies clearly to guests. Inform neighbors about your hosting plans and provide parking instructions if applicable.

Discover Cincinnati: Top Attractions and Insider Tips for Your Visit

Must-Visit Attractions

1. Cincinnati Zoo and Botanical Garden

• One of the oldest zoos in the nation, offering a chance to connect with nature and see exotic animals up close.

2. Cincinnati Museum Center

• A comprehensive center featuring science, history, and children’s museums. Consider purchasing a combination pass for multiple attractions.

3. Fountain Square

• The heart of Cincinnati, bustling with events, food, and a sense of community. Stand by the Tyler Davidson Fountain to soak in the city’s spirit.

4. Music Hall

• Known for its stunning architecture and acoustics, it’s a testament to Cincinnati’s love for music. Catch a performance for an unforgettable experience.

5. American Sign Museum

• An offbeat gem showcasing vintage signs that are both works of art and symbols of America’s commercial history.

6. Newport Aquarium

• Located just across the river, it offers an underwater experience where you can pet a shark and see various marine life.

7. Great American Ball Park

• Catch a Cincinnati Reds game and feel the excitement of America’s pastime.

8. Krohn Conservatory

• A tranquil oasis with lush greenery and a beautiful butterfly show, perfect for a relaxing visit.

9. Findlay Market

• The oldest public market in Ohio, offering fresh produce, meats, and a unique shopping experience.

10. National Underground Railroad Freedom Center

- A museum dedicated to the history of the Underground Railroad and the struggle for freedom and equality.

Insider Tips

Best Time to Visit

• The best time to visit Cincinnati is from spring through fall (April to November) when the weather is most pleasant.

Local Cuisine

• Be sure to try Cincinnati’s famous chili, Goetta (a German-inspired meat and grain patty), and Graeter’s Ice Cream.

Safety

• Generally, tourist areas are safe, but it’s always best to stay alert and aware of your surroundings.

Getting Around

• While a car can be helpful, many attractions are accessible without one. Public transportation and ride-sharing services are available.

Duration of Stay

• Ideally, plan a 3 to 4-day trip to explore the city and its major attractions thoroughly.

Additional Recommendations

Over-the-Rhine

• Explore this vibrant neighborhood known for its unique eateries, breweries, and cultural attractions.

Mainstrasse Village

• A charming village in Covington, Kentucky, with shops, restaurants, and a lively atmosphere.

Carol Ann’s Carousel

• Located in John G. & Phyllis W. Smale Riverfront Park, this custom-designed carousel is a must-visit, even for adults.

BB Riverboats

• Offers various themed cruises, such as the Pirates of the Ohio Cruise for kids and the Craft Beer & BBQ cruise for adults.

By sharing these attractions and tips, you can help your guests have a memorable and enriching experience in Cincinnati.

Practical Tips to Run a Successful Short Term Rental Business in Cincinnati, Ohio

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

Noise Regulations and Guest Communication

Inform guests about quiet hours and noise regulations to maintain a positive relationship with neighbors and comply with local ordinances. Clearly outline these rules in both digital and physical house manuals to avoid any misunderstandings.

Comprehensive House Manual

Create a detailed house manual that includes essential instructions, Wi-Fi passwords, and other important information. This manual should be both digital, accessible through a guest portal or email, and physical, placed prominently in the rental unit.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with clear instructions on how to access the property, including photos and step-by-step guides.

Parking Instructions

Include detailed parking instructions with photos in the house manual to help guests navigate any parking challenges. This ensures that guests know where to park and how to access the property without hassle.

By implementing these strategies, you can enhance guest satisfaction, reduce potential issues, and ensure your short-term rental business operates efficiently and in compliance with Cincinnati's regulations.

Here is a brief list of house cleaning, repair, and maintenance providers in Cincinnati, Ohio:

House Cleaning Services

The Maids of Cincinnati

• Offers detailed cleaning services, including dishwasher loading, appliance cleaning, laundry loading, and deep cleaned results using their 22-Step One Touch Deep Cleaning System.

Champagne Clean

• Provides standard cleaning, deep cleaning, move-in/out cleaning, and post-construction cleaning. Known for their attention to detail and environmentally friendly products.

The Pristine Company, LLC

• Offers comprehensive cleaning services for homes, condos, apartments, offices, and rentals. Also provides power washing and customized cleaning plans.

McCarthy's Home Services

• Specializes in professional house cleaning, including daily, weekly, and monthly maid services. Ensures a hygienic environment and thorough cleaning of all areas.

Swept Away

• Provides residential cleaning services, including deep cleaning, maintenance cleaning, and maid services. Offers flexible service options and a satisfaction guarantee.

Additional Services

The Pristine Company, LLC

• Also offers power washing services for exterior surfaces such as siding, driveways, decks, and patios.

Swept Away

• Includes additional services like grout cleaning, window cleaning, outdoor furniture cleaning, laundry services, sanitizing, appliance cleaning, move-in/out cleaning, and organizing/straightening.

Cincinnati, Ohio Short-Term Rental Management Fees: A Breakdown of Costs and Services

In Cincinnati, Ohio, 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 companies, which handle comprehensive tasks such as guest communication, marketing, and maintenance, generally charge higher fees, often starting at 15% and potentially going up to 30% of the revenue.

On the other hand, basic or half-service management, where the owner handles some of the responsibilities like cleaning and guest communication, can be more cost-effective, with fees starting as low as 10%. Additional fees may also apply for services like cleaning, repairs, or design enhancements. Understanding these fee structures is crucial for property owners to make informed decisions and maximize their rental income while ensuring compliance with local regulations.