In Grove, Oklahoma, short-term rentals are performing well, with an average daily rate of $179 and an annual revenue of $25,971, along with a 39% occupancy rate, making it a promising market for Airbnb hosts.
Thriving Short-Term Rental Market in Grove, Oklahoma
Grove, Oklahoma is experiencing a robust short-term rental market, making it an attractive destination for both hosts and travelers. As of the latest data, short-term rentals in Grove boast an impressive occupancy rate of 39%, indicating a steady demand for these properties. Hosts can expect an average daily rate of $179, which translates to an annual revenue of $25,971. This strong performance highlights Grove's potential as a lucrative spot for Airbnb investments, offering a promising return for those looking to capitalize on the short-term rental market.
Short-Term Rental Regulations in Grove, Oklahoma for 2024
Registration and Licensing
- Vacation Rental Home Permit: Hosts must obtain a vacation rental home permit from the City of Grove. This permit is non-transferable to a new owner.
- Proof of Ownership: Provide proof of ownership such as a warranty deed or quit-claim deed.
- Neighborhood Notification: Provide a list of property owners within a 300-foot radius of the rental property and notify them using the VRH Information for Neighborhood Residents form.
Zoning and Land Use
- Residential Zoning Laws: Short-term rentals are subject to standard residential zoning laws, which may limit the ability to rent out certain properties on a short-term basis.
Tax Compliance
- State Lodging Tax: Hosts must collect and remit the state lodging tax imposed on short-term rentals.
Operational Requirements
- Occupational License: Obtain an occupational license as part of the permitting process.
- OSDH Lodging Establishment License: If applicable, obtain an OSDH Lodging Establishment License.
Property and Guest Restrictions
- Guest Limits: There are restrictions on the number of guests allowed to stay in a rental property, although specific numbers are not detailed in the available sources.
- Rental Duration: While there are no specific limits mentioned for Grove, hosts must comply with any local regulations regarding the maximum number of days a property can be rented out per year.
Compliance with Local Regulations
- Building and Safety Codes: Ensure compliance with building, electrical, mechanical, and plumbing codes, and maintain working smoke detectors, carbon monoxide detectors, and fire extinguishers.
- Homeowner's Associations: Comply with any rules or bylaws set by homeowner's associations or condo boards that may impact short-term rentals.
Additional Requirements
- Local Contact Information: Provide local contact information as part of the permitting process.
- Property Maintenance: Ensure the property is well-maintained and ready for guests, which may include additional services like cleaning and maintenance.
Top Neighborhoods for Airbnb Revenue in Grove, Oklahoma
1. Grand Lake Area
- The Grand Lake area is highly appealing due to its scenic lake views, direct lake access, and various recreational activities such as fishing, swimming, and boating. Properties like "Poet’s Lake Landing on Grand Lake Elk River" and "The Honeycomb House" offer luxurious lakefront retreats with amenities like hot tubs, docks, and outdoor kitchens, making them highly sought after by guests.
2. Downtown Grove and Surrounding Areas
- Neighborhoods close to downtown Grove are popular for their proximity to local restaurants, shopping, and entertainment options such as the Cherokee Casino. Rentals like "Nanny's Guesthouse near Grand Lake" and "The Cowskin Cabin - Lakeview Getaway" offer easy access to these amenities while still providing a peaceful and comfortable stay.
3. Elk River Arm and Carey Bay
- These areas are favored for their serene lake views and direct access to the water. Properties such as "Morning Coffee. Lakeside. Peace and Serenity." and "Clean 1 Bdrm w/ Lake Access King Bed, Kitchen, W/D" provide guests with a tranquil environment and opportunities for kayaking, swimming, and enjoying sunsets.
4. Monkey Island and Afton
- Located near Grand Lake, these neighborhoods offer a mix of luxury and tranquility. Rentals like "Becker's Bungalow Monkey Island" and "The Cabins of Horse Creek near Grand Lake" are popular for their private settings, hot tubs, and easy access to lake activities.
Why These Neighborhoods Are Appealing
- Scenic Views and Lake Access: Many of these neighborhoods offer stunning lake views and direct access to Grand Lake, making them ideal for water activities and relaxation.
- Proximity to Amenities: Being close to downtown Grove, casinos, restaurants, and shopping centers adds to the appeal, providing guests with a balance of leisure and convenience.
- Luxury and Comfort: The availability of high-end amenities such as hot tubs, outdoor kitchens, and spacious living areas enhances the guest experience.
- Family-Friendly and Pet-Friendly Options: Many rentals in these neighborhoods are family-friendly and pet-friendly, catering to a wide range of guest needs.
Tips for Furnishing and Designing an Inviting Airbnb in Grove, Oklahoma
Bedroom Furnishings
- Choose a Solid Bed: Opt for a bed with a nice headboard, avoiding storage beds to prevent guests from leaving items behind. Ensure the bed is easy to clean and consider a mattress that is at least 8 inches thick, preferably a memory foam mattress for durability.
- Consistent Bedding: Use white bedding to give a clean and hotel-like feel. Avoid mixing and matching different brands to maintain color consistency. Add a simple throw pillow to enhance the bed's appearance.
- Adequate Lighting: Provide ample lighting with floor lamps or table lamps, which can also serve as design features.
- Full-Length Mirror: Include a full-length mirror with a stylish frame to add a touch of elegance and functionality.
Living and Dining Areas
- Timeless Furniture: Select sturdy, timeless pieces that fit your theme. Consider sofa beds to increase guest capacity and opt for sofas with washable covers for ease of maintenance.
- Functional Layout: Ensure the layout allows for plenty of space to move around and does not block natural light sources. Use space-saving furniture like folding tables or ottomans with hidden storage.
- Local Touches: Incorporate elements that reflect the local culture or history of Grove, Oklahoma, such as local artwork or decorative items.
Kitchen Essentials
- Complete Kitchen Setup: Equip the kitchen with essentials like plates, bowls, cups, utensils, cutleries, a can opener, pots, pans, cooking utensils, and appliances like a toaster, kettle, and microwave. Include items like a cutting board, measuring cups, and a corkscrew.
- Organized Storage: Provide enough storage for food and kitchen items, including a pantry or cupboards. Use sealed containers for leftovers and dry goods.
Bathroom Essentials
- High-Quality Linens and Toiletries: Use high-quality, neutral-colored towels and provide basic toiletries like shampoo, conditioner, body wash, toothpaste, and a hair dryer. Ensure there is ample storage for guests' personal items.
Additional Amenities
- Smart Storage: Use beds with drawers, wall hooks, pegboards in the kitchen, and stackable containers to keep the space tidy and organized.
- Guest Comforts: Provide universal phone chargers, outlet converters, flip flops or slippers, bathrobes, a yoga mat, a speaker for music, and a Chromecast. Consider adding a safe for valuables.
- Work and Relaxation Spaces: Ensure there is a sturdy desk and comfy chair for guests who need to work. Add a desk lamp, stationery, and a power strip. For relaxation, leave some games, cards, and informative books.
Design and Decor
- Neutral Color Palette: Use a neutral color palette for walls and large furniture pieces to create a relaxed atmosphere.
- Local and Homey Decor: Choose posters and decorations that reflect the local place or remind guests of home. Avoid arbitrary or cheap tourist decorations.
- Quality Rugs: Use heavy-duty rugs that can withstand wear and tear. These add warmth and a luxury touch to the space.
- Scent and Ambiance: Ensure the house smells good by using quality shampoo and soap. Leave scented candles for guests to use.
Accessibility and Safety
- Accessibility Features: Consider making your Airbnb accessible to guests with disabilities by adding ramps, wide doorways, and grab bars in bathrooms.
- Safety Equipment: Install smoke detectors, carbon monoxide detectors, and provide a first aid kit.
Discovering Grove, Oklahoma: Local Attractions and Insider Tips
Local Attractions
Outdoor and Water Activities
- Grand Lake O' The Cherokees: Enjoy world-class fishing, boating, swimming, and other water sports. Don't miss the breathtaking sunsets over the lake.
- Grand Lake Sailing Club: A perfect spot for sailing enthusiasts to explore the lake.
- Wolf Creek Park: Known for its top-notch fishing facilities and as a hub for various events and festivals.
Museums and Historical Sites
- Har-Ber Village Museum: Explore a pioneer-era village with over 100 exhibits housed in historic log cabins and structures.
- Cayuga-Splitlog Historic Mission: Visit the historic church built by Native American Mathias Splitlog, featuring hand-crafted wood and stones.
Gardens and Nature
- Lendonwood Gardens: Stroll through eight acres of beautiful themed gardens, including a Japanese Pavilion Garden, English Terrace Garden, and more.
- Pelicans on Grand Lake: Witness the annual migration of pelicans in the fall, offering great bird watching opportunities.
Entertainment and Culture
- Cherokee Casino in Grove: Experience gaming thrills and nightlife fun.
- Pelican Festival: Join the annual celebration each fall, featuring various events and activities.
- Second Kick Cycle Museum: Browse dozens of vintage motorcycles and memorabilia.
Other Attractions
- Grove Civic Center: A multi-use facility hosting concerts, pageants, and ceremonies.
- Grove Sports & Recreation Complex: Offers baseball/softball fields, a public swimming pool, water park, tennis courts, and more.
- Grand Lake Queen: Take a scenic ride reminiscent of Mississippi riverboat journeys.
Insider Tips
Dining and Shopping
- Downtown Grove: Explore the quaint downtown area filled with unique shops, restaurants, art galleries, and boutiques. Find handcrafted gifts, home decor, and Grand Lake-themed souvenirs.
- Local Restaurants: Check out the variety of dining options ranging from breakfast to dinner, offering a mix of local flavors and cuisines.
Events and Festivals
- Annual Festivals: Attend events like the Pelican Festival, Toes In The Grand Festival, and the Grove July 3rd Celebration for a lively experience.
- Community Events: Keep an eye on the local event calendar for concerts, pageants, and other community activities at the Grove Civic Center and other venues.
Accommodation and Activities
- Resorts and Vacation Rentals: Consider staying at places like Candlewyck Cove Resort or booking vacation rentals for a comfortable stay.
- Marine Services: For boating enthusiasts, utilize services from marinas and boat rental facilities like Honey Creek Landing Marina and H20 Sports Rental.
Local Insights
- Fishing Tournaments: If your guests are interested in fishing, inform them about the world-class fishing facilities and tournaments held at Wolf Creek Park.
- Nature Trails and Parks: Recommend visits to Honey Creek State Park for camping, picnics, and access to Grand Lake.
By sharing these attractions and insider tips, you can help your Airbnb guests make the most of their visit to Grove, Oklahoma.
Practical Tips to Run a Successful Short Term Rental Business in Grove, Oklahoma
To ensure a smooth and profitable short-term rental business in Grove, Oklahoma, several practical tips can make a significant difference. First, it is crucial to address noise regulations by informing guests about quiet hours through clear communication in the listing and a digital or physical house manual. This manual should also include essential instructions, Wi-Fi passwords, and other important details to enhance the guest experience.
Implementing a simplified check-in process using smart locks can reduce the hassle of key exchanges and provide guests with immediate access to the property. Additionally, providing detailed parking instructions accompanied by photos can help guests navigate the property easily, reducing potential issues.
Compliance with local regulations, such as obtaining the necessary vacation rental home permit and adhering to state lodging tax requirements, is also vital.
By focusing on these aspects, hosts can create a welcoming and well-organized environment that attracts repeat guests and positive reviews, ultimately contributing to the success of their short-term rental business in Grove, Oklahoma.
Here is a brief list of house cleaning, and related services providers in Grove, Oklahoma:
House Cleaning Services
- Desiree's Classy Cleaning Service: Specializes in cleaning vacation homes, condos, town homes, rentals, cabins, and personal residences. Fully licensed, bonded, and insured.
- RECORD CLEAN LLC: Offers cleaning services in the Grove area. Contact at 109 N. Delaware St, Grove, OK 74344, or call 417-291-3943, 918-325-2639.
Additional Resources
- Airbnb Cleaning Services: Various providers listed on Turno, offering vacation rental cleaning services with features like auto-scheduling, digital checklists, and photo documentation.
Other Relevant Services
- J-K Services: While primarily known for pressure washing services, they may offer related maintenance services for residential and commercial applications.
For more detailed information, you can visit the respective websites or contact the providers directly.
Short-Term Rental Management Fees in Grove, Oklahoma: A Range of 10%-30% of Rental Revenue
In Grove, Oklahoma, the fees for managing short-term rentals, such as those on Airbnb, can vary significantly depending on the level of service provided. Full-service management companies, which handle comprehensive tasks including guest communication, marketing, and maintenance, typically charge fees ranging from 15% to 25% or even up to 30% of the rental revenue.
On the lower end, basic services might incur fees starting at around 10% of the revenue. Additionally, property owners may need to pay extra for services such as cleaning, repairs, or interior design, which are often not included in the core management package. Companies like GoSummer and Awning, for example, charge fees starting at 20% and 15% respectively, with variations based on property characteristics and performance. Understanding these fee structures is crucial for property owners to ensure they are getting the best value for their investment.