Airbnb & VRBO Performance in Elk City Oklahoma.

Short-Term Rental Regulations in Oklahoma City and Other Oklahoma Cities (Relevant to Understanding State-Wide Trends)

Since the specific regulations for Elk City, Oklahoma, are not provided in the sources, here is a general outline of short-term rental regulations in major cities in Oklahoma, which can serve as a guide for understanding the potential regulations in other cities like Elk City.

Oklahoma City Short Term Rental Regulations

• Definition and Eligibility: Short-term rentals, or "home sharing," are defined as lodging accommodations provided in a dwelling or rooms in a dwelling rented by a host to a guest for up to 30 consecutive days. The dwelling must be the host’s primary residence, or a special exception from the Board of Adjustment is required.
• Licensing: A home sharing license is mandatory for each unit offered. The annual license fee is $100.80 (effective July 1, 2024, through June 30, 2025).
• Zoning: Short-term rentals are permitted in areas zoned for residential use, excluding Historic Preservation Districts without a special exception.
• Safety and Building Codes: Compliance with building and fire codes is required, including the installation of smoke and carbon monoxide detectors.
• Taxation: A 5.5% hotel tax is applied to the listing price for the first 29 nights, collected by Airbnb on behalf of hosts.
• Special Exceptions: Required for non-primary residences and properties in Historic Preservation Districts, with an application fee of $300.

Tulsa Short Term Rental Regulations

• Definition: Short-term rentals are defined as temporary lodging offered for compensation in a dwelling unit or part of it for less than 30 days.
• Types of Rentals: Two types exist - Principal use (not primary residence) and Accessory use (primary residence). Maximum occupancy is 8 persons at a time.
• Licensing: A short-term rental license is required, with an application fee of $75 and an Implementation and Compliance fee of $300.
• Zoning: Permitted in all zoning districts.

Norman Short Term Rental Regulations

• Definition: Short-term rentals are the rental of a permitted rental structure or portion of it for up to 30 consecutive days.
• Zoning: Allowed in all zoning districts except Rural Commercial, Light Industrial, Heavy Industrial, and Restricted Industrial. Specific regulations apply to Planned Unit Development (PUD) and Center City Form Based Code (CCFBC).
• Occupancy Limits: Vary by zoning district, with specific limits on the number of guest rooms and occupants.

General Considerations for Elk City

While specific regulations for Elk City are not available, it is likely that similar requirements such as:- Obtaining necessary licenses- Compliance with zoning regulations- Adherence to safety and building codes- Payment of applicable taxes- Potential special exceptions for non-primary residences or historic areas

would be applicable. It is recommended to consult local city ordinances and contact the relevant municipal authorities for precise information.

Top Neighborhoods for Airbnb Revenue in Elk City, Oklahoma

While specific neighborhood data for Airbnb revenue in Elk City, Oklahoma, is not extensively detailed in the available sources, we can infer some of the most appealing areas based on the city's overall real estate market and family-friendly environment. Here are some neighborhoods that could potentially generate significant Airbnb revenue due to their desirable attributes:

West Elk

• Appeal: Known for its high-quality schools and multiple parks and recreation areas, West Elk is a family-oriented neighborhood that attracts families and travelers seeking a comfortable, community-driven environment.
• Potential: With its A- rated schools and various amenities, West Elk is likely to draw guests looking for a safe and welcoming area, making it a viable option for Airbnb investments.

Northridge

• Appeal: This neighborhood boasts A-rated schools and several parks, making it highly attractive to families and travelers who value educational excellence and recreational opportunities.
• Potential: The high school ratings and abundance of amenities in Northridge suggest it could be a lucrative area for Airbnb, as families and professionals may seek out these qualities when booking their stays.

Prairie Meadows

• Appeal: Although it has a slightly lower school rating (B+), Prairie Meadows offers a more affordable entry point for investors. It still provides access to a few parks and recreational areas, making it appealing to budget-conscious travelers.
• Potential: The lower average property value in Prairie Meadows could make it an attractive option for investors looking to capitalize on a potentially growing market, especially if the area sees future development and improvement.

General Appeal of Elk City

• Community Events: Elk City is known for its vibrant community events, which can attract tourists and travelers looking for a local experience.
• Family-Friendly Environment: The city's focus on family-oriented real estate and high-quality schools makes it an appealing destination for families and professionals alike.
• Affordable Rates: With an average daily rate of $105 and a monthly revenue of $5,196 for short-term rentals, Elk City presents a balanced financial landscape for Airbnb investors.

While the specific neighborhoods mentioned may not have detailed Airbnb data, their overall appeal based on real estate trends and community amenities suggests they could be lucrative areas for Airbnb investments in Elk City.

Furnishing and Design Tips for an Inviting Airbnb in Elk City, Oklahoma

Define Your Goals and Understand Your Audience

• Identify the type of guests you expect (e.g., families, business travelers, couples) and tailor your furnishings accordingly.
• Consider the unique aspects of Elk City, such as its rural charm or local attractions, to create a themed space.

Set a Budget and Plan Wisely

• Determine your budget and allocate it effectively, considering both essential and decorative items.
• Choose a time for updates that minimizes disruption to bookings, such as the off-season or short gaps between bookings.

Select Timeless and Functional Furniture

• Opt for sturdy, easy-to-clean furniture that can withstand frequent use.
• Consider space-saving furniture like sofa beds, folding tables, and ottomans with hidden storage compartments.

Enhance Natural Light and Space

• Measure your rooms to determine the best layout that maximizes space and natural light.
• Avoid blocking natural light sources and ensure there is ample space for guests to move around.

Incorporate Smart Storage

• Use beds with drawers, wall hooks, pegboards in the kitchen, and stackable containers to keep the space tidy and organized.
• Provide designated spots for guests' personal items, such as luggage racks.

Choose Appropriate Bedding and Linens

• Select solid beds with easy-to-clean mattresses, preferably memory foam for durability.
• Use high-quality, durable towels in neutral colors that can be bleached.
• Ensure a hotel-like feel with white bedding and consistent whites from the same brand.

Add Essential Amenities

• Provide a full-length mirror, hairdryer, basic toiletries, and a first-aid kit.
• Include a hairdryer and power socket nearby for convenience.
• Stock up on basic cookware, utensils, dinnerware, and extras like a blender and sharp knives.

Create a Functional Workspace

• Install a sturdy desk and comfortable chair for guests who need to work.
• Ensure good lighting and easy access to power outlets.
• High-speed internet and a Wi-Fi booster (if necessary) are crucial for business travelers and digital nomads.

Ensure Safety and Accessibility

• Install smoke detectors, carbon monoxide detectors, and a first aid kit.
• Consider making your Airbnb accessible to guests with disabilities by adding ramps, wide doorways, and grab bars in bathrooms.

Use Mirrors to Enhance the Space

• Mirrors can make your Airbnb feel bigger and brighter. Choose mirrors with cool frames for added style.

Add Decorative Touches

• Incorporate local elements and decor that reflect the unique style of Elk City.
• Add plants and other decorative items to liven up the space and create a welcoming atmosphere.

Discover Elk City, Oklahoma: Local Attractions and Insider Tips

Local Attractions

Museums

• National Route 66 Museum: Part of the Elk City Museum Complex, showcasing the history of Route 66.
• Old Town Museum: Features a mockup of early Elk City with buildings like a general store, bank, and railroad depot.
• National Transportation Museum: Highlights the history of transportation in the region.
• Farm and Ranch Museum: Includes exhibits on agriculture and a Blacksmith Museum.
• Blacksmith Museum: Part of the Farm and Ranch Museum, demonstrating traditional blacksmithing techniques.

Parks and Outdoor Activities

• Ackley Park: Offers a Centennial Carousel, Miniature Golf, Miniature Train, and premier sporting facilities. Also hosts various events like the Route 66 Flea Market and the 4th of July Firework Display.
• Elk City Lake: A picturesque spot for outdoor activities and relaxation.
• Foss State Park: Located nearby, offering additional outdoor recreation opportunities.

Historic and Cultural Sites

• Parker Drilling Rig #114: The world's tallest non-operating oil rig, a landmark in Elk City.
• Historic Route 66: Elk City is situated on this iconic highway, offering a rich cultural and historical experience.

Sports and Events

• Elk City Rodeo of Champions: An annual event that takes place in August, featuring rodeo competitions and other festivities.
• Route 66 Festival Weekend: Includes a block party and other events celebrating the city's heritage.

Insider Tips

Getting Around

• Intercity Bus Service: Provided by Greyhound Lines for those without vehicles.
• Elk City Regional Business Airport: For private or charter flights, located just a mile northeast of the city.

Dining and Shopping

• Local Restaurants: Check out the visitor's guide for recommendations on lunch and dinner options that showcase local cuisine.
• Quaint Shops: Explore the many local shops in downtown Elk City for unique shopping experiences.

Community Events

• Live Music and Food Trucks: Regular events in downtown Elk City, such as the ECPD & ECFD Meet n Greet.
• Fishing and Family Activities: Join events like the one hosted by KECO at Ackley Park for a fun-filled day.

Nearby Attractions

• Washita National Wildlife Refuge: A nearby natural area perfect for wildlife enthusiasts.
• Wichita Mountains: Offers additional outdoor adventures and scenic views.

By sharing these attractions and insider tips, you can help your guests make the most of their visit to Elk City, Oklahoma.

Practical Tips to Run a Successful Short Term Rental Business in Elk City, Oklahoma

To run a successful short-term rental business in Elk City, Oklahoma, several practical tips can help ensure a smooth and enjoyable experience for both hosts and guests.

Noise Regulations and Quiet Hours

Inform your guests about noise regulations and quiet hours to maintain a respectful environment for the neighborhood. Include this information in your listing and in a welcome message to set clear expectations.

Comprehensive House Manual

Create both digital and physical house manuals that include essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This helps guests navigate the property easily and reduces the need for frequent host interventions.

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, along with photos of the lock and any other relevant entry points.

Parking Instructions

Ensure guests know where to park by providing detailed parking instructions accompanied by photos. This helps prevent any confusion and potential issues with neighbors or local authorities.

By implementing these tips, you can enhance guest satisfaction, reduce potential issues, and maintain a positive reputation for your short-term rental business in Elk City, Oklahoma.

Here is a brief list of house cleaning providers in Elk City, Oklahoma:

House Cleaning Services in Elk City, OK

Angi Listed Cleaners

• Various house cleaners listed, with average costs between $30 to $50 per hour, depending on house size and number of bedrooms and bathrooms.

Care.com Cleaners

• Affordable house cleaning options starting at $15.00/hr, with listings searchable by rates, reviews, and experience.

Bark.com Deep Cleaners

• Matches clients with home deep cleaners in Elk City, allowing users to view past reviews and get free cleaning quotes.

Sparkling and Beyond

• Offers professional deep cleaning services for houses, businesses, and commercial properties.

Walmart House Cleaning Services

• Provides cleaning services for various parts of the home, including bathrooms, kitchens, and bedrooms, available through a dedicated phone line or in-person at Store 134.

Short-Term Rental Management Fees in Elk City, Oklahoma: A Comprehensive Overview

Managing a short-term rental property in Elk City, Oklahoma, involves a range of fees that can vary significantly based on the level of service required. Typically, short-term rental management fees in Elk City range from 10% to 30% of the rental revenue. Full-service management, which includes comprehensive services such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often ranging between 25% to 30% of the rental income. In contrast, basic services that may only include rent collection and minimal oversight can cost less, usually around 10% to 15%. Additionally, property owners may incur extra fees for services like cleaning, repairs, and design enhancements, which can add to the overall cost of managing the property. Understanding these fee structures is crucial for maximizing revenue and ensuring a smooth operational experience for both property owners and guests.