Airbnb & VRBO Performance in Fayston Vermont.

Short-Term Rental Regulations in Fayston, Vermont for 2024

While specific regulations for Fayston, Vermont, are not detailed in the provided sources, here are the general state and potential local regulations that short-term rental operators in Fayston would need to comply with:

State Regulations

• Register with the Vermont Department of Taxes: Obtain a Vermont meals and rooms tax account number, which must be included in any advertisements for the rental.
• Obtain Necessary Permits: Depending on local zoning laws, hosts may need to secure specific permits or licenses. For example, registration with the local Zoning Administrator may be required.
• Meet Safety Standards: Adhere to state fire safety and life safety codes, including installing operable emergency exit windows and functional smoke and carbon monoxide alarms.
• Post Required Information: Post contact details for the person responsible for maintenance and contact information for the Department of Health and the Department of Public Safety's Division of Fire Safety within the rental unit.
• Complete Safety Compliance Form: Complete the 'Short Term Rental Safety, Health and Financial Obligations' form and display it inside the rental property.
• Collect and Remit Taxes: Collect the 9% Rooms Tax, any applicable 1% Local Option Tax, and the new 3% surcharge on short-term rental income, effective August 1, 2024. These taxes must be remitted using Form MRT-441.

Local Regulations

• Local Permits or Registrations: Check with the local government for specific requirements. For instance, some municipalities require annual registration with the Zoning Administrator or other local authorities.
• Change of Use Permit and Certificate of Occupancy: If converting a property from long-term to short-term rental, obtain a change of use permit and a new certificate of occupancy to ensure compliance with fire safety and building codes.
• Capacity Limits: Some municipalities have specific guest capacity limits; for example, Chester limits short-term rental units to two guests per bedroom plus two additional guests.
• Residency Requirements: Some areas, like Burlington and South Burlington, require hosts to reside in the property for a certain number of days per year to operate a short-term rental.

Recommended Practices

• Secure Proper Insurance: While not legally required, it is highly recommended to obtain appropriate insurance coverage for short-term rental properties.
• Compliance with Local Ordinances: Be aware of and comply with any local ordinances, such as those related to health, safety, and zoning regulations.

Additional Considerations

• Rental Registry: There is ongoing discussion about mandating a state-wide rental registry to better regulate and enforce compliance with health, fire, and safety codes.
• Local Tax Requirements: Be aware of any local lodging taxes and ensure compliance with local tax authorities if applicable.

Top Neighborhoods for Airbnb Revenue in Fayston, Vermont

1. Mad River Valley

• Appeal: The Mad River Valley, which includes areas like Fayston and Waitsfield, is highly appealing due to its proximity to popular ski resorts such as Sugarbush and Mad River Glen. Guests are drawn to the area for its excellent skiing, hiking, and biking opportunities, as well as its charming local shops and restaurants.
• Revenue Potential: Properties in this area, such as the "4BR Mad River Valley Chalet w/ View" and "Stars Hollow Chalet," generate significant revenue due to high demand for ski-on/ski-off accommodations and vacation homes with amenities like hot tubs and dedicated workspaces.

2. Fayston/Waitsfield Line

• Appeal: This area is attractive because it offers a balance between mountain living and easy access to local amenities. Guests appreciate the close proximity to downtown shops, food, swimming, and skiing opportunities.
• Revenue Potential: Properties like the one at "228 Top Of The Valley Road #1" in Fayston, which offers a multi-level condo with a high cash on cash return of 8.3%, indicate strong revenue potential due to the area's popularity among tourists.

3. Sugarbush Resort Area

• Appeal: The Sugarbush Resort area is a magnet for guests due to its ski-in/ski-out facilities, panoramic views, and access to various seasonal activities. The presence of amenities like hot tubs, golf courses, and dedicated workspaces enhances the appeal.
• Revenue Potential: Condos and homes in this area, such as the "Ski Patrol Cabin" and "Bridges Resort Condo," are highly sought after, leading to higher nightly rates and significant revenue generation.

4. North Fayston

• Appeal: North Fayston attracts guests with its beautiful homes offering mountain views, hot tubs, and open concept living spaces. The area's proximity to ski areas like Sugarbush Mt. Ellen and Mad River Glen is a major draw.
• Revenue Potential: Properties such as the "Beautiful North Fayston Home W/ Hot Tub & Views" can command high nightly rates due to their amenities and scenic locations, contributing to substantial Airbnb revenue.

These neighborhoods are particularly appealing due to their combination of natural beauty, recreational opportunities, and convenient access to local amenities, making them highly lucrative for Airbnb investors.

Creating an Inviting Airbnb in Fayston, Vermont: Furnishing and Design Tips

Understanding Your Guests and Local Aesthetic

• Know Your Audience: Tailor your furnishings to the types of guests you expect, such as families, couples, or solo travelers. Fayston, Vermont, attracts those looking for a mix of outdoor adventure and cozy retreats.
• Local Style: Incorporate elements of Vermont's unique style, such as rustic charm, natural materials, and a touch of New England elegance.

Bedroom Furnishings

• Comfortable Bedding: Use a solid bed with a mattress at least 8 inches thick. Opt for memory foam mattresses for durability and ease of maintenance.
• Simple yet Elegant Bedding: Choose white bedding sets for a clean and hotel-like feel. Ensure consistency by using the same brand for all bedding items.
• Additional Touches: Include a full-length mirror, a nightstand or side table, and a dresser or chest of drawers. Consider adding a throw pillow to glam up the bed.

Lighting and Ambiance

• Ample Lighting: Provide floor lamps and table lamps to ensure ample lighting for reading or working. These can also serve as design features.
• Cozy Ambiance: Use area rugs to add warmth and luxury to the bedroom. These rugs can also keep feet warm in the morning.

Storage and Organization

• Smart Storage: Incorporate beds with drawers, wall hooks for coats, and stackable containers to keep the space tidy and organized. Designate spots for guests' personal items, such as a luggage rack.
• Functional Furniture: Use space-saving furniture like sofa beds, folding tables, or ottomans with hidden storage compartments to maximize the use of space.

Bathroom and Kitchen Essentials

• High-Quality Towels: Provide durable, neutral-colored towels that can be bleached. Ensure enough storage for guests' toiletries and personal items using shelves or cabinets.
• Kitchen Essentials: Include pegboards and stackable containers in the kitchen to maintain organization. Provide basic toiletries and a first-aid kit to enhance guest comfort.

Living Area and Common Spaces

• Durable and Easy-to-Clean Furniture: Choose sofas that can withstand heavy use and are easy to clean. Avoid real and faux leather as they are tough to maintain.
• Cozy Seating Areas: Create inviting seating areas with green velvet and leather couches, perfect for fireside chats or relaxation. Add decorative elements like rustic sleds or polished stump tables to enhance the local aesthetic.

Additional Amenities

• Guest Comforts: Provide universal phone chargers, outlet converters for international guests, flip flops or slippers, bathrobes, a yoga mat, and a speaker for music. Consider adding a Chromecast and a safe for added convenience.
• Outdoor Spaces: If applicable, set up outdoor areas with grills, outdoor dining tables, fire pits, and hot tubs to enhance the guest experience, especially in a location like Fayston with its natural beauty.

Accessibility and Maintenance

• Accessibility: Ensure your Airbnb is accessible to guests with disabilities by including features like ramps, wide doorways, and grab bars in bathrooms.
• Maintenance: Choose furniture that is easy to clean and maintain. Consult with your cleaning crew to ensure they are aware of any new furniture or layout changes.

Discover Fayston, Vermont: Local Attractions and Insider Tips

Local Attractions

Outdoor Activities

• Hiking: Explore trails ranging from short and simple to the world-famous Long Trail. Popular hikes include the Mad River Path, Millbrook Trail, and Long Trail Loop.
• Mountain Biking: Enjoy renowned off-road mountain biking trails in the heart of Vermont’s Green Mountains. Scenic road biking routes are also available.
• Skiing & Snowboarding: Visit the Mad River Glen ski area, located on Stark Mountain in Fayston, for some of the best Alpine skiing in the east.

Breweries & Distilleries

• Lawson’s Finest Liquids: A local favorite in nearby Waitsfield, known for its craft beers.
• Prohibition Pig: Another popular spot along the famous “IPA highway”.

Unique Adventures

• Sugarbush Soaring: Experience glider flights for a unique perspective on the valley.
• Vermont Icelandic Horse Farm: Explore the countryside on horseback.
• Sugarbush Golf Club: Play a round of golf at one of the excellent local courses.

Local Dining and Markets

• Waitsfield Farmers Market: Taste the freshest local foods and shop for artisanal crafts and products.
• Local Farms: Visit places like Knoll Farm to experience farm-to-table cuisine.

Arts and Local Events

• Valley Players Theater: Enjoy live performances and community events.
• Mad River Fiber Arts & Mill: Explore local art and crafts.

Insider Tips

Seasonal Activities

• Fall: Enjoy 'leaf peeping' by car, bike, or chairlift. Participate in fall festivals and events.
• Winter: Besides skiing, engage in off-mountain activities like snowshoeing, ice skating, or cozying up with local events.
• Spring: Experience the quiet beauty of spring with activities like biking, swimming, or exploring as the snow melts.
• Summer: Take advantage of long, warm days for hiking, biking, swimming, and vibrant community events.

Hidden Gems

• Warren Falls: A must-visit natural swimming hole and scenic spot.
• Burnt Rock Mountain: Explore this local mountain for additional hiking and scenic views.

Community Engagement

• Visit the Mad River Valley Welcome Center: Located at 9 VT Route 17 in Waitsfield, this center provides valuable information and local maps to help plan your trip.

Local Favorites

• Mountain Rose Yoga: A great place to start your day with a yoga session.
• The Warren Store: A local staple for shopping and dining.

By sharing these local attractions and insider tips, you can help your Airbnb guests make the most of their visit to Fayston, Vermont, and experience the unique charm of the Mad River Valley.

Practical Tips to Run a Successful Short Term Rental Business in Fayston, Vermont

To ensure a smooth and enjoyable experience for both you and your guests, here are some practical tips for running a successful short-term rental business in Fayston, Vermont.

Noise Regulations and Quiet Hours

Inform your guests about noise regulations and quiet hours to maintain a peaceful environment, especially in residential areas. Include this information in your house manual and provide clear guidelines on acceptable noise levels during different times of the day.

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 manual should also cover local amenities, nearby attractions, and any specific rules or regulations 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 entrance and any other relevant areas. Additionally, include parking instructions with photos to help guests navigate the property easily.

By implementing these strategies, you can enhance guest satisfaction, reduce potential issues, and ensure a successful and stress-free short-term rental business in Fayston, Vermont.

Here is a brief list of house cleaning, repair, or maintenance providers in or near Fayston, Vermont:

House Cleaning Services

• Freedom Property Services, LLC: Although based in Waitsfield Village, they offer cleaning and property maintenance services that could be available in the Fayston area. They provide residential and commercial cleaning, and prioritize client satisfaction and employee well-being.
• Sparkling and Beyond: Offers professional move-in cleaning services for houses and businesses in Fayston, VT. They handle thorough cleaning and disinfection of new homes, saving time and effort for clients.

Exterior Cleaning and Maintenance

• Vermont Home Wash: Provides eco-friendly exterior cleaning services, including power washing, deck wash and seal, gutter cleaning, driveway pressure washing, window cleaning, and more. They are committed to using toxin-free products and alternative energy.

General Information on Local Providers

• For additional house cleaners in Fayston, VT, you can refer to the lists provided by Angi, which include top-rated house cleaners and their services, though specific company names are not detailed in the sources.

Managing Short-Term Rentals in Fayston, Vermont: Fees and Considerations

In Fayston, Vermont, the management of short-term rentals involves a range of fees that can significantly impact the revenue of property owners. Typically, these management fees range from 10% to 30% of the rental revenue, varying based 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. In contrast, basic services that may only include listing and booking management can be less expensive. Additionally, property owners may incur extra fees for services such as cleaning, repairs, and design, further affecting their overall profitability. Understanding these fees is crucial for property owners to ensure they are making informed decisions about how to manage their short-term rental properties effectively.