Airbnb & VRBO Performance in Hot Springs South Dakota.

Short-Term Rental Regulations in Hot Springs, South Dakota for 2024

While the provided sources primarily focus on regulations in other areas, here are some general guidelines and regulations that can be inferred or are relevant to short-term rentals in South Dakota, including those that might apply to Hot Springs:

State and Local Requirements

State Licenses

• Lodging License: Short-term rental properties must obtain a lodging license from the South Dakota Department of Health to ensure compliance with health and safety standards.
• Sales Tax License: Operators must obtain a sales tax license from the South Dakota Department of Revenue to collect and remit sales tax on rental income.

Local Permits

• Rental Permit: Property owners may need to obtain a rental permit from the local city authorities. For example, in Sioux Falls, a permit is required along with proof of state sales tax and health department lodging licenses.

Zoning Compliance

• Short-term rental properties must comply with local zoning regulations. Some cities have specific restrictions or bans on new short-term rentals in residential zones.

Business License

• Depending on the local jurisdiction, short-term rental operators may need to obtain a general business license in addition to specific short-term rental permits.

Specific Considerations for Hot Springs

While there are no detailed regulations specifically mentioned for Hot Springs, SD, in the provided sources, here are some general considerations:

Compliance with State Regulations

• Hot Springs would likely follow the state requirements for lodging and sales tax licenses.

Local Ordinances

• Property owners should check with the local zoning office and city council to ensure compliance with any specific local ordinances or regulations that may be enacted.

Insurance and Documentation

• While not legally required, obtaining appropriate insurance coverage is highly recommended to protect the property and business.
• Property owners must provide documentation proving their ownership or a valid lease agreement.

Given the lack of specific details for Hot Springs, it is crucial for property owners to contact the local authorities, such as the Planning & Development Department, to obtain the necessary applications, forms, and information on fees and processing times.

Top Neighborhoods for Airbnb Revenue in Hot Springs, South Dakota

Neighborhoods and Their Appeal

While specific neighborhood data for Hot Springs, SD, is not extensively detailed in the sources, we can infer the most lucrative areas based on popular attractions and guest preferences.

1. Downtown Hot Springs

• Appeal: Proximity to local shops, restaurants, and historic sites such as the Mammoth Site and the Black Hills.
• Revenue Potential: High due to central location and easy access to amenities.

2. Southern Black Hills Area

• Appeal: Close to Wind Cave National Park, Custer State Park, and other natural attractions. Properties like the "Horse Lovers Bunkhouse 2, 'Head Wrangler Cabin'" are highly rated for their scenic locations and access to outdoor activities.
• Revenue Potential: Strong due to the high demand for accommodations near national parks and recreational areas.

3. Angostura Lake Area

• Appeal: Scenic lake views, outdoor recreational opportunities, and a more secluded, peaceful environment. Properties like the "Angostura lake getaway" are favored for their tranquility and natural beauty.
• Revenue Potential: High due to the unique combination of lake access and scenic views.

4. Hermosa and Surrounding Areas

• Appeal: Centrally located near Keystone, Mt. Rushmore, Hill City, and Custer. Properties like the "Beautiful Black Hills Cabin" offer easy access to multiple tourist attractions and scenic views.
• Revenue Potential: Strong due to the central location and proximity to major tourist sites.

Key Statistics

• Average Annual Revenue: Projected at $18,834.
• Average Daily Rate (ADR): $168.
• Occupancy Rate: Around 51%.

These neighborhoods are appealing due to their proximity to natural attractions, scenic beauty, and the availability of various outdoor activities, making them highly sought after by guests.

Creating an Inviting Airbnb in Hot Springs, South Dakota: Design and Furnishing Tips

Embrace the Natural Beauty

• Incorporate Local Materials: Use Lakota sandstone or similar natural materials for decorative elements to align with the town's historic architecture.
• Bring in the Outdoors: Add plants and elements that reflect the surrounding Black Hills and Fall River, such as pine accents or river rock decor.

Reflect the Town's History and Culture

• Romanesque Style Influences: Incorporate architectural elements like arcades, round arches, and heavy ornamentation to echo the town's historic buildings.
• Local Art and Crafts: Display artwork and crafts from local artists to highlight the town's artist-friendly community.

Utilize Warm and Cozy Color Schemes

• Earth Tones: Use a palette of earthy tones such as browns, tans, and greens to create a warm and inviting atmosphere that complements the natural surroundings.
• Soft Lighting: Employ soft lighting to mimic the warm glow of the mineral springs and the sunset over the Black Hills.

Incorporate Comfort and Relaxation

• Mineral Spring Inspiration: Design a spa-like bathroom or a relaxing nook inspired by the town's famous mineral springs. Consider adding a soaking tub or a steam shower.
• Cozy Textiles: Use plush textiles, such as wool blankets and comfortable linens, to create a cozy and inviting space.

Highlight Local Landmarks and Attractions

• Decorative Maps and Guides: Display maps and guides of the area, highlighting local attractions like Mount Rushmore, Wind Cave National Park, and the Mammoth Site.
• Local Photography: Hang photographs of the town's landmarks, such as Evans Plunge, the Hot Springs Waterfall, and the scenic views of the Fall River.

Maintain a Quirky Small-Town Charm

• Multi-Functional Spaces: Reflect the town's quirky small-town charm by incorporating multi-functional spaces, such as a coffee bar in a living area or a laundry nook in a bathroom.
• Vintage and Rustic Elements: Add vintage and rustic elements, like antique furniture or reclaimed wood, to give the space a unique and charming feel.

Ensure Practical Comfort

• Outdoor Spaces: If possible, create an inviting outdoor space, such as a patio or garden, to take advantage of the town's natural beauty and scenic views.
• Modern Amenities: Balance the rustic charm with modern amenities like Wi-Fi, a fully equipped kitchen, and comfortable bedding to ensure guests have a comfortable stay.

Discover Hot Springs, South Dakota: Local Attractions and Insider Tips

Local Attractions

1. The Mammoth Site

• A must-visit paleontological dig site and accredited museum featuring the world's largest collection of Columbian mammoth bones. Guests can participate in the dig at certain times.

2. Evans Plunge Mineral Springs

• A historic mineral spring enclosure since 1890, now a family-friendly water park with an indoor pool, water slides, sauna, steam room, and wellness center. The water temperature is a constant 87°F (31°C).

3. Moccasin Springs Natural Mineral Spa

• A serene spa with multiple pools ranging from 88°F to 102°F (31°C to 39°C), yoga classes, sauna, massages, and an on-site restaurant. Ideal for a relaxing break.

4. World Fossil Finder Museum

• Home to several worldwide first fossil discoveries, including "Debby Sue," the largest Tylosaurus found in South Dakota. Features a wide variety of fossils and marine predators.

5. Wind Cave National Park & Custer State Park

• Located nearby, these parks offer ranger-led cave tours, diverse wildlife, and various outdoor activities such as swimming, boating, camping, and hiking.

6. Fall River and Riverwalk

• Enjoy a stroll along the Fall River, which runs through the town and is fed by thermal springs. The Riverwalk includes the Kidney Spring Gazebo and Centennial Park, hosting festivals and markets during summer months.

7. Historic Downtown Architecture

• Explore the city center with over 35 sandstone buildings from the 1890s, recognized by the National Trust for Historic Preservation as a "Distinctive Destination".

8. Angostura Reservoir and Cold Brook Lake

• Popular spots for fishing, camping, and recreation. Angostura Reservoir is a 4,407-acre lake, while Cold Brook Lake is a smaller 36-acre lake.

Insider Tips

1. Local Events

• Check the local calendar for events like the Merchant’s Trick or Treat, Cookie Cruise, Christmas in the Hills, and Santa Hat Shopping Spree, which can add to the festive atmosphere of your stay.

2. Dining and Shopping

• Visit the Hot Springs Makers Market for local art and crafts, and enjoy homemade ice cream at Two Cows Creamery & Bistro.

3. Outdoor Activities

• Take advantage of the warm Fall River for a unique swimming experience. The Freedom Trail connects the main city parks and offers a pleasant walk along the river.

4. Health and Wellness

• The Black Hills Healthcare System - Hot Springs Campus, a National Historic Landmark, offers extensive outpatient treatment, acute hospital care, PTSD treatment, and an alcohol and drug treatment facility. However, this is primarily for veterans and not a tourist attraction.

5. Golfing

• The Southern Hills Golf Course is highly rated and offers a challenging yet scenic golfing experience, perfect for golf enthusiasts.

By sharing these attractions and tips, you can help your guests make the most of their visit to Hot Springs, South Dakota.

Practical Tips to Run a Successful Short-Term Rental Business in Hot Springs, South Dakota

To ensure the success of your short-term rental business in Hot Springs, South Dakota, several practical tips can make a significant difference in guest satisfaction and compliance with local regulations.

Noise Regulations and Quiet Hours

Inform your guests about quiet hours to maintain a peaceful environment and comply with any local noise regulations. Include this information in your digital and physical house manual to avoid any misunderstandings.

Comprehensive House Manual

Create a detailed digital and physical house manual that includes essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also outline the property's rules and regulations, including quiet hours.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide clear instructions on how to use the smart locks and include parking instructions with photos to help guests navigate the property easily.

Additional Tips

• Adjust your pricing strategies according to seasonal trends, as demand peaks during summer months due to tourism in the Black Hills and Wind Cave National Park.
• Maintain high standards of cleanliness and quick response times to guest inquiries to enhance guest satisfaction and garner positive reviews.
• Offer unique amenities tailored to the local attractions, such as spa-like amenities or outdoor gear rentals, to make your property stand out.

By implementing these strategies, you can ensure a smooth and enjoyable experience for your guests, while also complying with local regulations and maximizing your property's potential.

Here is a brief list of house cleaning providers in Hot Springs, South Dakota:

House Cleaning Providers in Hot Springs, SD

1. Bark Connected Housekeepers

• A platform that connects you with local housekeepers in Hot Springs. You can compare profiles, read reviews, and get free quotes.

2. Angie's List House Cleaners

• A list of top-rated house cleaners in Hot Springs, with reviews and ratings to help you make an informed decision.

3. Quick N Tidy Cleaning LLC

• A cleaning service with 20 years of experience, serving the Hot Springs area along with other nearby locations.

4. Squeaky Cleany

• Provides trustworthy and dependable cleaning services for residential homes and commercial buildings in Hot Springs.

Note that these sources do not mention repair or maintenance providers specifically, but are focused on house cleaning services.

Short-Term Rental Management Fees in Hot Springs, South Dakota

In Hot Springs, South Dakota, short-term rental management fees typically range from 15% to 30% of the rental revenue, depending on the level of service provided. Full-service management, which includes comprehensive tasks such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often starting at around 20% of the revenue.

Basic services, which may include only essential management tasks, can be less expensive but still fall within this range. Additional fees may apply for services like cleaning, repairs, and professional design or furnishing of the property. These fees are usually calculated as a percentage of the booking revenue, excluding cleaning fees, to ensure a more transparent and cost-effective arrangement for property owners.