Airbnb & VRBO Performance in East Providence Rhode Island.

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East Providence, Rhode Island: Airbnb & VRBO Vacation Rental Market Overview

The short-term rental market in East Providence, Rhode Island, is thriving, with a median occupancy rate of 62%, an average daily rate of $145, and an annual host income of $35,000, making it a highly profitable and stable investment opportunity.

Market overview

Thriving Short-Term Rentals in East Providence, Rhode Island

East Providence, Rhode Island, is experiencing a robust short-term rental market, driven by its unique blend of urban and suburban charm. According to recent data, short-term rentals in the area boast an impressive 56% average occupancy rate, indicating a strong demand from tourists and business travelers alike. The average daily rate for these rentals stands at $137, translating to a monthly revenue of approximately $9,818. This performance is further enhanced by the city's proximity to Providence, its rich history, diverse culinary scene, and vibrant arts culture. With popular events and attractions, such as the Fourth of July Parade and the Rhode Island Philharmonic Orchestra's summer concerts, East Providence continues to attract a steady stream of visitors, making it an excellent location for short-term rental investments.

Short Term Regulations

Short-Term Rental Regulations in East Providence, Rhode Island for 2024

Key Regulations

  • Temporary Use Permit Requirement:
  • Entire dwelling units used as short-term rentals must obtain a temporary use permit issued by the Department of Inspection and Standards.

  • Annual Renewal:

  • Temporary use permits for short-term rentals must be renewed annually.

  • Safety Measures:

  • All short-term rentals must comply with basic safety measures, including visible printed materials with diagrams of all exits and clearly marked fire extinguishers.

  • Zoning Compliance:

  • Short-term rentals must adhere to specific zoning regulations. However, detailed zoning specifics for East Providence are not provided in the available sources, so it is advisable to check with the city's municipal offices or official website for detailed zoning information.

  • Registration and Licensing:

  • While the sources do not specify additional registration or licensing requirements beyond the temporary use permit, it is recommended to verify with the City of East Providence for any other mandatory registrations or licenses.

Additional Recommendations

  • Contact Municipal Offices:
  • For the most up-to-date and detailed information, it is recommended to contact the City of East Providence's municipal offices directly or visit their official website.
Neighborhood Performance

Top Neighborhoods Generating Airbnb Revenue in East Providence, Rhode Island

1. College Hill

  • Appeal: College Hill is highly appealing due to its proximity to Brown University and the Rhode Island School of Design (RISD). Guests praise the historic charm, walkable distance to downtown Providence, and the vibrant neighborhood with numerous coffee shops, restaurants, and local vendors.
  • Popular Listings: Include light-filled apartments, historic homes with private entrances, and cozy studios with modern amenities.

2. East Side of Providence

  • Appeal: The East Side is favored for its central location, close to Hope Village, which offers charm, shopping, and great food. It is also less than a mile from Brown and RISD, making it ideal for academic and cultural visits. The area boasts newly furnished apartments, expansive roof decks, and easy access to local amenities.
  • Popular Listings: Feature bright and relaxing apartments, spacious one-bedroom units with private entrances, and apartments with high-end furnishings and amenities like Apple TV and sound systems.

3. Fox Point

  • Appeal: Fox Point attracts guests with its historic homes, quirky charm, and convenient location. It is a 15-minute walk to Brown University and steps away from Wickenden and Ives streets, known for their coffee shops and restaurants.
  • Popular Listings: Include light-filled upstairs apartments in 169-year-old homes with nostalgic decor and wide pine plank floors.

4. Downtown Providence

  • Appeal: Downtown Providence is appealing due to its central location, walkability to restaurants, bars, cafes, and museums. It offers historic homes and condos with modern amenities, making it a hub for both leisure and business travelers.
  • Popular Listings: Feature historic condos in landmarks like the Arcade Providence, and guest apartments with private entries, generously equipped kitchens, and proximity to Brown and RISD.

5. Historic Waterfront Areas

  • Appeal: While not exclusively in East Providence but nearby, these areas are popular for their waterfront views, historic homes, and access to bike paths and local attractions. Guests enjoy the scenic views, renovated guest suites, and easy access to Providence and other local destinations.
  • Popular Listings: Include historic waterfront homes, renovated guest suites with private decks, and cottages with waterfront views and access to local amenities.

These neighborhoods are highly rated for their location, cleanliness, and the variety of amenities they offer, making them the most appealing and revenue-generating areas for Airbnb in and around East Providence, Rhode Island.

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Design Tips

Furnishing and Design Tips for an Inviting Airbnb in East Providence, Rhode Island

Reflecting the City's Unique Style

1. Incorporate Historic Charm

  • Use furniture and decor that reflect the historic architecture of East Providence and the broader Providence area. Opt for pieces with a Victorian or early 20th-century flair to align with the local heritage.

2. Utilize Local Materials and Crafts

  • Incorporate locally sourced materials and handmade crafts to add a touch of authenticity. Consider items from local artisans, such as woodwork, textiles, or pottery, to enhance the space's unique character.

3. Highlight Academic and Cultural Influences

  • Since the East Side of Providence is home to prestigious institutions like Brown University and the Rhode Island School of Design, incorporate elements that reflect this academic and artistic vibe. This could include bookshelves with local authors, art pieces from local students, or decorative items inspired by the city's vibrant arts community.

4. Emphasize Walkability and Outdoor Spaces

  • Given the walkable nature of the East Side, design your Airbnb to encourage guests to explore the neighborhood. Provide maps, guides, and recommendations for local parks like India Point Park, Blackstone Boulevard, and Lippitt Memorial Park. If possible, include a small outdoor space or balcony to enjoy the local scenery.

5. Incorporate Nautical Elements

  • Since East Providence is situated near the Narragansett Bay, consider adding nautical-themed decor to reflect the city's maritime history. This could include navy and white color schemes, nautical artifacts, or coastal-inspired artwork.

6. Create a Cozy and Inviting Atmosphere

  • Use warm lighting, plush textiles, and comfortable furniture to create a cozy atmosphere that makes guests feel at home. This is especially important in a city known for its small-town charm and big-city culture.

7. Showcase Local History and Haunted Legends

  • Providence is famous for its haunted history, particularly on Benefit Street. Add a touch of this local lore by including books, prints, or other decor items that highlight the city's ghostly tales and historic sites.

8. Optimize for Seasonal Appeal

  • Design your space to be appealing during different seasons. For example, incorporate fall foliage colors in the autumn, or add festive decorations during the winter months to align with the city's seasonal charm.

9. Incorporate Modern Amenities with Historic Touches

  • Balance modern amenities like smart home devices and high-speed internet with historic touches such as vintage furniture or antique decor. This blend will appeal to guests looking for both comfort and character.

10. Pay Attention to Color Schemes

  • Use color schemes that reflect the city's architectural styles. Earthy tones, rich wood colors, and muted pastels can evoke the feeling of the city's historic homes and neighborhoods.
Insider Tips

Local Attractions and Insider Tips for East Providence, Rhode Island

Historical Sites and Landmarks

  • John Hunt House Museum
  • A historic museum built circa 1750, open to the public from 1-4 PM every second Sunday of the month. It features furniture, documents, and memorabilia, and the house and gardens have been nearly restored to their original appearance.

  • Crescent Park Looff Carousel

  • A National Historic Landmark, this carousel is famous for its hand-crafted horses and chariots. It offers a traditional carnival experience, including a game where riders can win a free ride by catching a gold ring. The site also includes a souvenir shop and the Blount Clam Shack.

  • Pomham Rocks Lighthouse

  • Established in 1871, this lighthouse was deactivated but relit in 2006. Although it is not open to the public, it can be seen from the East Bay Bike Path.

Parks and Outdoor Activities

  • Sabin Point Park
  • A waterfront park with a loading ramp for boats, a dock, lighted basketball courts, a playground, and picnic tables. It's a great spot for family picnics, relaxation, and fishing along the seashore wall.

  • Willett Pond

  • Located in the middle of Riverside, this pond is popular for fishing in the spring and summer. It also features a bridge and a trail around the pond, and is used for skating in the winter.

  • East Bay Bike Path

  • A 14.5-mile paved, car-free bike path along the shore of Narragansett Bay. It offers scenic outlooks, views of the industrial cityscape of Providence, and access to various parking areas. The path includes a manmade bridge over Narragansett Bay and views of the Pomham Rocks Lighthouse.

Insider Tips

  • Local Events and Festivals
  • Check the local event calendar for antique car shows at the Crescent Park Carousel parking lot, birthday parties, and other community events that can enhance your guests' experience.

  • Dining and Refreshments

  • Recommend the Blount Clam Shack near the Crescent Park Carousel for steaming hot clam cakes and Del’s Lemonade.

  • Outdoor Adventures

  • Suggest exploring the Seekonk River and the surrounding areas for hiking, cycling, or running. The India Point State Park is another great spot for a green oasis amidst urban surroundings.

  • Historical Exploration

  • Encourage guests to visit the various historical sites listed on the National Register of Historic Places in East Providence, such as the Bicknell–Armington Lightning Splitter House, Bridgham Farm, and the Rumford Historic District.

By providing these recommendations, you can help your Airbnb guests make the most of their visit to East Providence, Rhode Island.

Practical Tips

Practical Tips to Run a Successful Short Term Rental Business in East Providence, Rhode Island

To ensure a smooth and profitable short-term rental business in East Providence, Rhode Island, several practical tips can make a significant difference. Here are some key considerations:

Noise Regulations and Quiet Hours

Inform your guests about quiet hours to maintain a peaceful environment, especially in residential areas. Include clear guidelines on noise levels in your house manual and communicate these rules through pre-arrival messages to avoid any misunderstandings.

Creating a Comprehensive House Manual

Develop both digital and physical house manuals that include essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also outline the house rules, including noise regulations, to ensure guests are well-informed and respectful of the property.

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 on how to access the property, along with photos of the lock and any other relevant entry points.

Parking Instructions

Include detailed parking instructions in your house manual, accompanied by photos to help guests identify designated parking areas. This can prevent confusion and potential parking fines, ensuring a hassle-free stay for your guests.

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 East Providence.

Local Vendors

Here is a brief list of house cleaning providers in East Providence, Rhode Island:

House Cleaning Services

Merry Maids of Rhode Island

  • Offers professional home cleaning services, including dusting, mopping, vacuuming, and window cleaning.
  • Backed by a satisfaction guarantee and over 40 years of experience.
  • Provides free in-home estimates and customizable cleaning plans.

East Side Cleaning Service Inc.

  • A family-owned and operated janitorial cleaning company with over 50 years of experience.
  • Provides residential and commercial cleaning services, including daily, weekly, monthly, or one-time arrangements.
  • Known for affordable, high-quality, and customized cleaning services.

Life Maid Simple of RI

  • Specializes in green cleaning services for residential and commercial clients.
  • Offers one-time and recurring cleaning services since 2012.
  • Top-rated for their eco-friendly cleaning practices.

Various Local House Cleaning Services

  • There are 14 listed house cleaning services in East Providence, RI, with an average rate of $19/hr and an average of 3 years of experience.
  • These services can be compared and hired based on rates, reviews, and experience.
Management fees

Short-Term Rental Management Fees in East Providence, Rhode Island: A Comprehensive Guide

In East Providence, Rhode Island, the fees for short-term rental property management can vary significantly, typically ranging from 10% to 30% of the rental revenue. This wide range is influenced by the level of service provided, with full-service management companies, which handle guest communication, marketing, and maintenance, generally charging on the higher end of this spectrum. These comprehensive services include listing creation and optimization, pricing strategy, booking management, and ongoing property maintenance, which can justify the higher fees.

In contrast, basic services that may only include guest check-in coordination, cleaner scheduling, and minimal maintenance support tend to be less expensive. Additionally, property owners should be aware of potential extra fees for services such as cleaning, repairs, or interior design, which can add to the overall cost of managing their short-term rental properties. Understanding these fee structures and the services included is crucial for property owners to make informed decisions and ensure their properties are managed efficiently and profitably.

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Why choose RedAwning

RedAwning is a tech leader in full-service short-term rental management, powered by our exclusive, unmatched tools.
Other property managers
Cost
Starting at 10%
25-40%
Guest communications
5-15 mins / 24 hours a day
1 hour+
Host communications
Dedicated phone and text line with no time on hold
Chat bots, hold lines and email threads
Insurance
Robust liability and dwelling coverage for every reservation
Spotty coverage with low claim approval rates
Contract
No cancellation fees
No contract lock-in
Just 90 days notice to cancel
Cancellation penalties
Number of Channels Your Listing is On
50+
2-4

Experience in numbers

Rest well knowing your property is managed by an experienced team powered by world-class technology.
+10-30%
in gross revenue
4.8 stars
guest rating
14+ years
managing STRs

Short Term Rental Calculator

Find out how much your property in East Providence should generate as a short term rental and look at the performance of properties around yours.

35,000+ Properties
Hosts stay with RedAwning
1,000,000,00 Nights Booked
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Furnishing checklist

This comprehensive checklist ensures that your rental is guest-ready with all the essentials to create a comfortable and memorable experience in East Providence.

Living Room
Seating: Sofa, armchairs, and ottomans
Coffee Table
Entertainment: Smart TV (with streaming apps) and remote control
Decor: Area rug, wall art, plants, and throw pillows
Lighting: Floor lamp or table lamps
Charging Stations: Power strips or outlets with USB ports
Bedrooms
Beds: High-quality mattress with mattress protector
Linens: At least two sets of sheets per bed
Pillows: Hypoallergenic pillows (2-4 per bed)
Blankets: Extra throw blankets or quilts
Nightstands: With lamps or charging docks
Closet or Storage: Hangers, dresser, or luggage rack
Blackout Curtains or Shades
Bathrooms
Towels: Bath towels, hand towels, washcloths (2 sets per guest)
Shower Curtain & Liner
Toiletries: Shampoo, conditioner, body wash, hand soap
Bathroom Essentials: Toilet paper, tissues, trash bin
Hairdryer
Mirror: Full-length or wall mirror
Dining Area
Dining Table: Seating for the maximum number of guests
Place Settings: Placemats or tablecloths
Centerpiece: Vase with flowers or decorative piece
Kitchen
Appliances: Refrigerator, microwave, toaster, coffee maker, kettle
Cookware: Pots, pans, baking trays
Utensils: Forks, knives, spoons, spatulas, tongs
Dinnerware: Plates, bowls, glasses, mugs (2 sets per guest)
Cutting Board & Knives
Basic Spices & Condiments: Salt, pepper, oil
Cleaning Supplies: Sponge, dish soap, paper towels, trash bags
Outdoor Space (if applicable)
Seating: Outdoor chairs, benches, or lounges
Table: For outdoor dining or drinks
Lighting: String lights or outdoor lanterns
Grill: With necessary utensils and instructions
Outdoor Trash Bin
Extras to Elevate Guest Experience
Welcome Basket: Snacks, water bottles, or wine
Guidebook: Local recommendations and house rules
Board Games or Books: Entertainment for guests
Umbrella & Flashlight
Iron & Ironing Board
Laundry: Washer, dryer, and detergent (if available)
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⇤ Airbnb Statistics for Rhode Island