Airbnb & VRBO Performance in Laramie Wyoming.

Short-Term Rental Regulations in Laramie, Wyoming for 2024

While Laramie, Wyoming, does not have specific regulations solely for short-term rentals that are separate from its general rental housing code, there are several key points and regulations that affect short-term rentals:

General Rental Housing Code Applicability

• The Laramie Rental Housing Code, established by Enrolled Ordinance No. 1802, applies to all rental properties, including those used for short-term rentals. This code requires registration of rental housing, sets minimum habitability standards, and establishes a complaint resolution process.

Registration Requirements

• All rental properties, including short-term rentals, must be registered with the City of Laramie. This involves completing an online application and paying a processing fee of $20/year per dwelling unit.

Habitability Standards

• Properties must meet minimum habitability criteria, including structural integrity, plumbing, heating, weatherproofing, security, electrical systems, appliances, pest control, egress/emergency access, and mold prevention.

Complaint Resolution Process

• Tenants must notify landlords in writing of any alleged code violations before filing a complaint with the city. The complaint process is detailed in Laramie Municipal Code 8.80.040.

State and Local Context

• Wyoming state regulations prohibit short-term rentals (rentals under 27 days) in residential districts, with some exceptions. However, enforcement is primarily complaint-based, and local regulations may vary.

Licensing and Fees

• While there is no specific short-term rental license, all rental properties must obtain a Rental Housing License. The application includes a nominal fee and completion of a Rental Housing Habitability Checklist.

Enforcement

• Enforcement of the rental housing code is primarily through a complaint process rather than proactive inspections by the city.

In summary, while Laramie does not have distinct short-term rental regulations, the general rental housing code applies to all types of rentals, ensuring minimum standards and a registration process.

Top Airbnb Revenue-Generating Neighborhoods in Laramie, Wyoming

1. Historic Downtown Laramie

• Appeal: This area is highly attractive due to its proximity to restaurants, cafes, bars, and local attractions. Guests can walk or bike to everything Laramie has to offer, including the University of Wyoming (UWYO) and the historic downtown district.
• Revenue Potential: Properties in this area, such as the "Old Town Laramie Penthouse" and "Historic 2nd Floor Downtown Apartment," tend to have high occupancy rates and positive reviews, indicating strong revenue potential.

2. University of Wyoming Area

• Appeal: Neighborhoods near the University of Wyoming are popular due to their convenience for students, faculty, and visitors. Properties like the "Lewis House--Upper Level" and "Cottonwood Cottage" offer easy access to the university and local amenities.
• Revenue Potential: The high demand from students and university-related visitors ensures a steady stream of bookings, contributing to significant Airbnb revenue.

3. Tree Area

• Appeal: This charming neighborhood is known for its historic homes and tree-lined streets. Properties such as the "Cottonwood Cottage" offer a blend of vintage features and modern comforts, making them appealing to guests seeking a unique experience.
• Revenue Potential: The area's charm and proximity to downtown Laramie make it a favorite among travelers, leading to consistent bookings and revenue.

4. Snowy Range Ski Area Proximity

• Appeal: Neighborhoods close to the Snowy Range Ski Area attract winter sports enthusiasts. Properties like the "Old Town Laramie Penthouse" highlight their proximity to ski areas, making them appealing for seasonal visitors.
• Revenue Potential: The seasonal demand for ski accommodations ensures a high occupancy rate during the winter months, generating substantial revenue.

5. Family-Friendly Neighborhoods

• Appeal: Areas with family-friendly rentals, such as those offering dedicated workspaces and pet-friendly amenities, attract families and long-term visitors. Properties like the "Charming and spacious boho haven!" cater to these needs.
• Revenue Potential: These properties often have longer stay durations and higher occupancy rates, contributing to stable and significant revenue streams.

These neighborhoods in Laramie, Wyoming, are particularly appealing due to their combination of convenience, amenities, and proximity to key attractions, making them lucrative for Airbnb investors.

Furnishing and Design Tips for an Inviting Airbnb in Laramie, Wyoming

Measuring and Layout

• Start by measuring your rooms to determine the best layout, ensuring there is plenty of space to move around and that natural light sources are not blocked.

Furniture Selection

• Opt for timeless, sturdy pieces that fit your theme. Consider sofa beds to increase guest capacity and potential rent.
• Choose solid beds with easy-to-clean surfaces and storage beds for extra space.
• Select mattresses that are at least 8 inches thick, preferably memory foam for durability and cost-effectiveness.
• Use washable covers for sofas to ease maintenance.

Dining Area

• Select a durable dining table that can withstand wear and tear. It doesn’t have to be the best-looking piece, as it can be enhanced with tablecloths and decor.
• Use comfy, lightweight chairs that are sturdy and easy to move around.

Kitchen Essentials

• Equip your kitchen with essentials like a coffee maker, microwave, toaster, and kettle. Additional items such as a blender and sharp knives can be nice extras.
• Stock up on basic cookware, utensils, and dinnerware. Include items like a cutting board, measuring cups, and a corkscrew.
• Ensure there is plenty of space for food storage, including a pantry or cupboards.

Bathroom and Linens

• Provide high-quality, durable towels in neutral colors that can be bleached for hygiene.
• Ensure enough storage for guests' toiletries and personal items using shelves or cabinets.
• Include a hairdryer, basic toiletries, and a first-aid kit.

Lighting and Mirrors

• Use mirrors to make the space feel bigger and brighter. A full-length mirror is a must, especially with a nearby power socket for hair dryers and straighteners.

Workspace

• Provide a sturdy desk and comfy chair for guests who need to work. Ensure good lighting and easy access to power outlets. High-speed internet is crucial, and consider a Wi-Fi booster for larger spaces.

Storage and Organization

• Use smart storage solutions like beds with drawers, wall hooks for coats, pegboards in the kitchen, and stackable containers to keep the space tidy.
• Opt for space-saving furniture with big functionality, such as folding tables or ottomans with hidden storage compartments.

Safety and Accessibility

• Install smoke detectors, carbon monoxide detectors, and a first aid kit. Consider adding a safe for valuables.
• Make your Airbnb accessible to guests with disabilities by including features like ramps, wide doorways, and grab bars in bathrooms.

Local Style Integration

• Reflect Laramie’s unique style by incorporating elements such as western decor or vintage charm, especially in areas like the Barricade Bunkhouse or the Tree Area Vintage Charmer.
• Use local artwork and minimal yet tasteful furnishings to highlight the space, as seen in The Art Loft.

Final Touches

• Add plants and other decorative elements to liven up the space and create a welcoming atmosphere.
• Ensure consistency in design elements, such as using the same brand of white linens to maintain a hotel-like feel.

Discovering Laramie, Wyoming: Local Attractions and Insider Tips

Local Attractions

1. Vedauwoo Recreation Area

• Located in the Medicine Bow National Forest, Vedauwoo is a must-visit for outdoor enthusiasts. Enjoy rock climbing, hiking, mountain biking, and camping amidst stunning granite rock formations.

2. Wyoming Territorial Prison State Historic Site

• Explore the historic prison where notorious outlaws like Butch Cassidy were held. The site includes a furnished Warden's House, a Broom Factory, and original prison cells.

3. Laramie Plains Museum at the Historic Ivinson Mansion

• Step into the late 1800s at this Victorian home turned museum. Enjoy special events like art festivals and weekly high tea.

4. University of Wyoming Geological Museum

• Known as Wyoming's "Jurassic Park," this museum features incredible dinosaur displays, including a 75-foot Apatosaurus skeleton. Admission is free.

5. Downtown Laramie

• Experience the charming, Western-themed downtown area with its antique architecture, local boutiques, eateries, bars, and brewhouses. Check out the Laramie Mural Project and visit spots like Coal Creek Tap and Range Leather Co..

6. Snowy Range Mountains

• Enjoy scenic drives, hiking trails, and skiing in the Snowy Range Mountains. The Snowy Range Scenic Byway offers breathtaking views and access to over 100 alpine lakes.

7. Wyoming Women's History House

• Learn about the achievements of 13 influential women from Wyoming. Open Monday through Saturday from 11 AM to 4 PM.

8. American Heritage Center

• Visit the University of Wyoming's repository of manuscripts, rare books, and university archives. Relax in the outdoor areas of this museum.

9. Happy Jack and Pole Mountains

• Part of the Medicine Bow National Forest, these mountains offer trails for hiking and cross-country skiing.

10. Guest Ranches

- Experience horseback riding, campfires, and scenic landscapes at guest ranches like the Vee Bar Guest Ranch.

Insider Tips

Outdoor Activities

• Seasonal Adventures: In winter, enjoy skiing, snowshoeing, snowboarding, and fat biking. Summer offers perfect conditions for hiking, mountain biking, and rock climbing.
• Vedauwoo Access: Note that Vedauwoo Recreation Area requires a $5 access fee.

Cultural Experiences

• Historic Downtown Tours: Take a walkable brewery or mural tour in downtown Laramie to explore its rich history and modern attractions.
• Special Events: Check for special events at the Laramie Plains Museum, such as art festivals and weekly high tea.

Local Favorites

• Dining: Recommend local eateries like Sweet Melissa Café, Altitude Chophouse and Brewery, or Roxie’s on Grand.
• Shopping: Suggest visiting unique stores like Atmosphere Mountainworks for handmade, sustainable gear.

Scenic Drives

• Snowy Range Scenic Byway: Encourage guests to take this scenic drive, which offers stunning views and access to hiking trails like the Barber Lake Trail and Libby Creek Trail.

University Attractions

• Campus Exploration: Suggest visiting the University of Wyoming campus, especially during fall to catch a college game at War Memorial Stadium.

By sharing these attractions and tips, your guests will have a comprehensive and enjoyable experience in Laramie, Wyoming.

Practical Tips to Run a Successful Short-Term Rental Business in Laramie, Wyoming

To ensure a smooth and enjoyable experience for both hosts and guests in Laramie, Wyoming, several practical tips can be implemented. First, it is crucial to inform guests about noise regulations and quiet hours to maintain a respectful environment, especially given the city's mix of residential and academic areas. Creating a comprehensive digital and physical house manual is also essential; this should include instructions on using appliances, Wi-Fi passwords, and other important details to help guests navigate the property effortlessly.

A simplified check-in process can significantly enhance guest satisfaction. Utilizing smart locks eliminates the need for physical key exchanges and provides guests with immediate access upon arrival. Additionally, providing clear parking instructions accompanied by photos can help guests find and use the designated parking areas without confusion.

By adhering to these tips, hosts can ensure a high standard of cleanliness and upkeep, quick response to inquiries and issues, and a positive overall experience for their guests, which is particularly important in Laramie's seasonal and remote market.

Here is a brief list of house cleaning providers in Laramie, Wyoming:

House Cleaning Services in Laramie, WY

Pronghorn Cleaning LLC

• Offers commercial, construction, residential, event, and deep cleaning services.

Wilken Enterprises LLC

• Provides weekly house cleaning services with detailed house cleaners.

307 Maid

• Offers house cleaning services in Laramie and surrounding areas, including a cleaning checklist and booking options.

Various Providers Listed on Care.com

• A list of 17 affordable house cleaning options in Laramie, with rates starting at $16.00/hr, searchable by rates, reviews, and experience.

Providers Listed on Angie's List

• A list of the top 10 best house cleaners in Laramie, WY, with real reviews and ratings.

Short-Term Rental Management Fees in Laramie, Wyoming: A Comprehensive Guide

In Laramie, Wyoming, managing short-term rentals, such as those listed on Airbnb, involves a range of fees that can vary significantly depending on the level of service provided. Typically, short-term rental management fees range from 10% to 30% of the rental revenue. Full-service management, which includes 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 only include listing and booking management, can be less expensive but still incur a notable fee. Additional costs may include cleaning fees, which are often charged to the guests but managed by the property manager, as well as fees for repairs and design services if these are included in the management package.

Understanding these fees is crucial for property owners to ensure they are maximizing their returns while complying with local regulations, such as obtaining necessary business licenses and remitting state and local taxes.