Clam Lake, Wisconsin, is thriving in the short-term rental market, with an average 55% occupancy rate, a daily rate of $322, and a monthly revenue of $23,530, making it an attractive and lucrative destination for vacation renters.
Thriving Short-Term Rentals in Clam Lake, Wisconsin
Clam Lake, Wisconsin, is experiencing a robust short-term rental market, making it an attractive destination for both travelers and property owners. The area boasts an impressive 55% occupancy rate for short-term rentals, indicating a high demand for the charming vacation homes, cabins, and other lodging options available. With an average daily rate of $322, property owners are seeing significant revenue, totaling approximately $23,530 per month. This strong performance highlights Clam Lake's appeal as a year-round recreational hub, nestled in the heart of the Chequamegon-Nicolet National Forest, and underscores its potential for continued growth in the vacation rental sector.
Short-Term Rental Regulations in Clam Lake, Wisconsin for 2024
State and Local Requirements
Licensing
- Tourist Rooming House License: Required for all short-term rentals, including Airbnb, vacation homes, and cabins. This license is issued by the Wisconsin Department of Agriculture and Consumer Trade Protection (DATCP) through the local health department, such as the Oneida County Health Department.
Zoning Permits
- Administrative Review Permit: Needed from the local planning and zoning office, such as the Oneida County Planning and Zoning Department. This permit is required even if the property has been previously licensed for short-term rentals.
Health and Safety Standards
- Compliance with State Lodging Code: Short-term rentals must adhere to the Wisconsin State Lodging Code (ATCP 72), which ensures health and safety standards are met.
Rental Caps
- Annual Rental Days: Property owners can rent out their properties for up to 180 days or more annually, as per Wisconsin state law.
Local Permits and Taxes
- Local Town Permits: Additional permits may be required by the local municipality. Check with the local town clerk for specific requirements.
- Room Tax: Many towns in Wisconsin, including those in the Clam Lake area, collect room tax from short-term rental operators.
Parking and Other Regulations
- Adequate Parking: Some areas may enforce regulations requiring owners to provide adequate parking for their guests to alleviate congestion.
Compliance and Enforcement
- Regulatory Compliance: Hosts must comply with all local and state regulations to ensure the integrity and safety of neighborhoods. This includes clear communication with guests and locals.
Additional Considerations
- Property Management: For properties located far from the owner's primary residence, local property managers may be required or recommended.
- Municipal Oversight: Municipalities can exert control to prevent rental monopolies and protect local housing dynamics.
Title: Top Neighborhoods for Airbnb Revenue in Clam Lake, Wisconsin, and Their Appeal to Guests
While specific neighborhood data for Clam Lake, Wisconsin, is not readily available, we can infer the general appeal and revenue-generating potential of the area based on the overall market trends and characteristics.
General Appeal of Clam Lake
- Natural Beauty: Clam Lake is known for its scenic beauty, surrounded by forests and lakes, making it an attractive destination for nature lovers and those seeking outdoor activities like hiking, fishing, and boating.
- Outdoor Recreation: The area offers numerous opportunities for outdoor recreation, which is a significant draw for guests looking to escape urban life.
- Peaceful Environment: The tranquil and peaceful environment of Clam Lake makes it an ideal spot for those seeking relaxation and a getaway from bustling cities.
Neighborhoods and Their Appeal
Although specific neighborhoods are not detailed in the available data, here are some general areas that could be considered high-revenue potential based on their typical characteristics:
1. Lakefront Properties
- Appeal: Direct access to the lake, stunning views, and the ability to engage in water activities right from the property.
- Revenue Potential: Lakefront properties typically command higher daily rates and are often fully booked during peak seasons.
2. Forest and Woodland Areas
- Appeal: Immersive natural surroundings, hiking trails, and opportunities for wildlife spotting.
- Revenue Potential: These areas are popular for those seeking a rustic, nature-filled experience and can generate significant revenue due to their unique setting.
3. Central Clam Lake
- Appeal: Proximity to local amenities, such as shops, restaurants, and community centers.
- Revenue Potential: Properties in central areas tend to have higher occupancy rates due to their convenience and accessibility.
Key Statistics
- Average Daily Rate (ADR): Around $259-$322 per night.
- Occupancy Rate: Approximately 53%-55% occupancy rate, indicating a strong demand for vacation rentals in the area.
- Annual Revenue: Typical hosts can earn around $55,000 to $56,000 annually.
These statistics suggest that any neighborhood in Clam Lake with access to natural amenities, central locations, or unique features like lakefront properties would be highly appealing to guests and generate significant Airbnb revenue.
Creating an Inviting Airbnb in Clam Lake, Wisconsin: Tips for Furnishing and Design
Embrace the Northwoods Aesthetic
- Incorporate natural materials such as wood, stone, and pine to reflect the surrounding forest environment.
- Use earthy color schemes like greens, browns, and tans to blend seamlessly with the outdoors.
Highlight Local Themes
- Decorate with elk-themed items, such as artwork, sculptures, or antlers, to honor Clam Lake's status as the Elk Capital of Wisconsin.
- Add elements that celebrate the area's rich outdoor culture, including fishing and hunting gear, and vintage outdoor equipment.
Cozy and Rustic Ambiance
- Choose rustic furniture with a cozy, cabin-like feel, such as plush armchairs, wooden benches, and stone fireplaces.
- Use warm lighting, including candles, lanterns, and fireplaces, to create a welcoming atmosphere.
Incorporate Local Crafts and Art
- Display local handmade crafts, such as wood carvings, woven baskets, and artwork created by regional artists.
- Add unique gifts and souvenirs from local shops like The Northern Post Gift Shop & Boutique.
Functional and Comfortable Spaces
- Ensure the space is well-equipped for outdoor enthusiasts with storage for gear, such as fishing rods, hiking boots, and snowmobile helmets.
- Provide comfortable seating areas both indoors and outdoors to enjoy the scenic views and wildlife.
Seasonal Decor
- Update decor seasonally to reflect the changing beauty of the Northwoods. For example, use fall colors and leaf-themed decor in autumn, and winter-themed decor with snowflakes and pinecones in winter.
- Incorporate elements that highlight the area's scenic beauty, such as photographs of the Chequamegon-Nicolet National Forest and its wildlife.
Practical Amenities
- Include amenities that cater to outdoor activities, such as a fully equipped kitchen for meal preparation, a laundry area for washing gear, and a drying rack for wet clothing.
- Provide maps, guides, and information about local trails, fishing spots, and other recreational activities.
Respect the Natural Environment
- Use eco-friendly and sustainable materials in your decor and furnishings to align with the area's natural beauty and conservation efforts.
- Encourage guests to respect the local environment by providing information on recycling, waste management, and responsible outdoor practices.
Discover Clam Lake, Wisconsin: Local Attractions and Insider Tips
Local Attractions
Outdoor Recreation
- Chequamegon-Nicolet National Forest: Explore the vast 860,000-acre forest, perfect for hiking, snowmobiling, ATV/UTV trails, skiing, and golfing.
- Fishing and Hunting: Enjoy prime Musky fishing in several smaller lakes and participate in hunting activities within the forest.
- Elk Viewing: Known as the Elk Capital of Wisconsin, Clam Lake is home to a growing elk herd, with an interactive computer kiosk in downtown Clam Lake providing updated elk information.
Lakes and Natural Areas
- Upper and Lower Clam Lake: Commune with nature and explore these lakes for outdoor activities.
- Beaver Lake, White Bass Lake, and Range Line Lake: Other scenic lakes in the area perfect for nature walks and outdoor exploration.
- Spider Lake State Natural Area: A lovely green space ideal for hiking and enjoying the local flora and fauna.
Events and Activities
- Fat Bike Birkie: Participate in or watch this event in nearby Cable (17.17 miles away).
- Seeley Hills Classic Ski Event: Enjoy skiing events in Cable and Hayward (approximately 17-19 miles away).
- World's Longest Weenie Roast: A unique event in Cable (19 miles away).
- Drummond Bar Stool Races: A fun and quirky event in Drummond (20.52 miles away).
Insider Tips
Seasonal Activities
- Summer: Enjoy warm weather with highs around 79°F, perfect for hiking, fishing, and water sports.
- Winter: Experience snowfall with averages of 88.2 inches, ideal for snowmobiling, skiing, and other winter sports.
- Fall and Spring: Mild temperatures with plenty of opportunities for outdoor activities like hiking and biking.
Local Knowledge
- Elk Herd: Keep an eye out for the local elk herd, especially during early morning and late evening hours.
- Trail Access: Ensure guests know about the extensive network of snowmobile and ATV/UTV trails within the Chequamegon-Nicolet National Forest.
Community Events
- Annual Homespun Holidays Craft Show: Direct guests to this event in nearby Winter for a festive experience (24.44 miles away).
- Christmas in Hayward: Recommend visiting Hayward for holiday festivities (29.75 miles away).
Historical Sites
- U.S. Navy ELF Transmitter Site: Inform guests about the decommissioned ELF transmitter site, a unique piece of local history.
By providing these local attractions and insider tips, you can enhance your guests' experience and help them make the most of their visit to Clam Lake, Wisconsin.
Practical Tips to Run a Successful Short-Term Rental Business in Clam Lake, Wisconsin
To ensure a smooth and enjoyable experience for both you and your guests in Clam Lake, Wisconsin, several practical tips can make a significant difference in the success of your short-term rental business.
Noise Regulations and Quiet Hours
Inform your guests about noise regulations and quiet hours to maintain a peaceful environment, especially in a serene setting like Clam Lake. Include clear guidelines in your house manual and communicate them through pre-arrival messages to avoid any misunderstandings.
Digital and Physical House Manual
Create a comprehensive 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 information, ensuring your 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 detailed parking instructions accompanied by photos to help guests navigate the property easily. This not only enhances the guest experience but also reduces the likelihood of misunderstandings or issues upon arrival.
By implementing these strategies, you can ensure your short-term rental in Clam Lake runs smoothly, providing a positive experience for your guests and maximizing your rental revenue.
Here is a brief list of house cleaning, repair, or maintenance providers in or around Clam Lake, Wisconsin:
Cleaning Services
- Sparkling and Beyond: Offers professional move-in cleaning services and janitorial services for businesses and houses in Clam Lake, WI.
Property Management and Maintenance
- Recreational Rental Properties, Inc.: While primarily a vacation rental management company, they also provide caretaking and cleaning services for seasonal cabins and second homes in the area, including Clam Lake.
- RM Property Management: Located in Clam Lake, WI, and provides professional property management services, which may include maintenance, in Sawyer, Bayfield, and Ashland counties.
Note that the list may not be exhaustive, but these are the providers mentioned in the available sources.
Short-Term Rental Management in Clam Lake, Wisconsin: Fees and Services
Clam Lake, Wisconsin, a picturesque destination in the Northwoods, offers various short-term rental management options for property owners. The management fees for these services typically range from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management companies, such as RM Property Management and Recreational Rental Properties, Inc., which handle guest communication, marketing, maintenance, and other comprehensive services, tend to charge on the higher end of this spectrum, often around 30% to 40% of monthly rental revenues.
In contrast, basic services that may only include listing and reservation management might incur lower fees. Additional costs can include fees for cleaning, repairs, and design enhancements, which are often necessary to maintain the property's appeal and functionality. These fees ensure that properties are well-maintained and attractive to potential renters, making the management process smoother and more profitable for property owners.