Airbnb & VRBO Performance in Laurel Mississippi.

Short-Term Rental Regulations in Laurel, Mississippi for 2024

While specific detailed regulations for Laurel, Mississippi, are not as extensively outlined as those for cities like Gulfport and Ocean Springs, here are some key regulations and requirements that short-term rental hosts in Laurel or similar areas in Mississippi are likely to face:

General Requirements

• Registration and Permits: Hosts must register their short-term rentals with the local authorities, which may involve obtaining necessary permits.
• Liability Insurance: Securing liability insurance with a minimum of $500,000 per occurrence is a common requirement in many Mississippi cities.

Safety and Equipment

• Fire Extinguishers and Carbon Monoxide Detectors: Rentals must be equipped with fire extinguishers and carbon monoxide detectors to ensure guest safety.

Taxation

• Tax Remittance: Hosts must collect and remit relevant taxes and fees corresponding to visitor-related transactions. In some areas, this includes additional local taxes, such as the 3% tourism tax in certain cities.

Community and Neighborhood Integrity

• Adherence to Local Rules and HOA Covenants: Rental operations must comply with local rules and Homeowners Association (HOA) covenants to maintain neighborhood integrity.

Guest and Property Management

• Designating a Local Property Manager: Hosts may be required to designate a local property manager available 24/7 for guest inquiries.
• Guest Awareness of City Ordinances: Ensuring guests are aware of city ordinances, particularly those regarding noise, is often mandatory.

Fees and Notifications

• Application and Annual Renewal Fees: Hosts may need to pay application and annual renewal fees for their short-term rental operations.
• Notifying Neighbors: Hosts are often required to notify neighbors about the rental operations.

These regulations are based on the broader framework of short-term rental laws in Mississippi and may be subject to specific local variations in Laurel.

Top Neighborhoods for Airbnb Revenue in Laurel, Mississippi

1. Downtown Laurel

Downtown Laurel is a highly sought-after area for Airbnb guests due to its central location and historic charm. Properties like the "Kalmia Suite C - Centrally Located Downtown," "Cozy Apartment Located in Downtown Laurel," and "Location is EVERYTHING❤️ Heart of Downtown, 2 BR" are favorites among guests. The area offers easy walking access to local shops, restaurants, and historic homes, including those featured on the HGTV show "Hometown".

2. Historic District

The Historic District of Laurel is another lucrative area for Airbnb rentals. This neighborhood is home to properties such as the "Honeycomb Hideout: Steps from Historic Downtown" and a cozy cottage mentioned in the top 1% of homes worldwide, which is nestled in the heart of Laurel’s historic district. Guests are drawn to the area's old-world charm, historic landmarks, and proximity to downtown amenities.

3. Euclid Avenue

Properties located on Euclid Avenue, such as the "Cozy Apartment Located in Downtown Laurel," are highly appealing due to their picturesque tree-lined setting and central location. This area provides guests with a tranquil yet convenient stay, close to the heart of Downtown Laurel's action.

Reasons for Appeal

• Historic Charm: Many properties in these neighborhoods retain their original character while offering modern conveniences, making them unique and attractive to guests.
• Central Location: Walking distance to downtown shops, restaurants, and historic homes enhances the guest experience.
• Southern Hospitality: The warm and welcoming atmosphere of Laurel, often highlighted in reviews and descriptions, makes guests feel at home.
• HGTV Connection: Properties associated with the HGTV show "Hometown" add an extra layer of appeal, drawing fans of the show to the area.

Furnishing Your Airbnb in Laurel, Mississippi: Tips for an Inviting and Stylish Space

Define Your Aesthetic and Theme

• Reflect Laurel's unique style by incorporating elements of Southern charm and historic elegance into your design. Consider the city's architectural influences and local decor to create a cohesive and authentic atmosphere.

Understand Your Audience

• Tailor your furnishings to cater to the diverse tastes and needs of your guests. Since Laurel attracts a mix of families, couples, and solo travelers, ensure your space is versatile and accommodating.

Choose Timeless and Durable Furniture

• Opt for sturdy, easy-to-clean furniture that can withstand frequent use. Avoid flimsy or high-maintenance materials like real or faux leather. Instead, select durable fabrics and solid wood pieces.

Utilize Smart Storage

• Incorporate smart storage solutions such as beds with drawers, wall hooks, pegboards in the kitchen, and stackable containers to keep the space tidy and organized. This helps in maintaining a clutter-free environment and provides guests with designated spots for their personal items.

Enhance Functionality with Versatile Pieces

• Use space-saving furniture like sofa beds, folding tables, and ottomans with hidden storage compartments. These versatile pieces allow you to transform the layout according to your guests' needs and maximize the use of space.

Make the Most of Natural Light

• Ensure that your furniture arrangement does not block natural light sources. Measure your rooms carefully to create a layout that allows plenty of space to move around and maximizes the natural light.

Add Mirrors for Brightness and Illusion of Space

• Use mirrors strategically to make your Airbnb feel bigger and brighter. A full-length mirror is a must, especially in areas where guests get ready. Choose mirrors with stylish frames to add an aesthetic touch.

Incorporate Local Touches and Decor

• Add local artwork, vintage decor, and unique Southern elements to give your space a personal and authentic feel. This can include items that reflect Laurel's history and culture.

Ensure Accessibility and Comfort

• Consider making your Airbnb accessible to guests with disabilities by incorporating features like ramps, wide doorways, and grab bars in bathrooms. Also, provide high-quality, durable towels and basic toiletries to enhance guest comfort.

Timing and Budgeting

• Plan furniture updates during the off-season or short gaps between bookings to minimize disruption. Set a budget and prioritize spending on key, high-impact pieces that will make the biggest difference in the guest experience.

Maintain Cleanliness and Durability

• Pick furniture that is easy to clean and maintain. Use mattress covers, and opt for white linens that can be bleached for consistency and hygiene. High-quality, durable towels in neutral colors are also recommended.

Discovering Laurel, Mississippi: Local Attractions and Insider Tips

Local Attractions

Lauren Rogers Museum of Art

• Mississippi's oldest art museum, founded in 1923 in memory of Lauren Eastman Rogers.
• Features European Art, Japanese Woodblock Prints, British Georgian Silver, American Art, and Native American Art.
• Insider Tip: Start your day here for amazing exhibits and valuable local recommendations from the knowledgeable staff.

DeSoto National Forest

• The largest National Forest in Mississippi, offering hiking, biking, and camping opportunities.
• Insider Tip: Explore the diverse recreational activities and camping locations for an immersive outdoor experience.

Laurel Little Theatre

• A historic theater known for its neon Arabian sign, hosting local plays and performances since 1961.
• Insider Tip: Check the current season's schedule and enjoy a show featuring local talent.

Historic Walking Tour

• A self-guided tour through Laurel's Historic District, showcasing 24 old homes and buildings.
• Insider Tip: Obtain a walking tour brochure at the Laurel Welcome Center, Lauren Rogers Museum of Art, or Laurel Mercantile to explore the district's architectural details and history.

Landrum’s Homestead & Village

• A 30-acre living history museum replicating an 1800s settlement with over 85 buildings and exhibits.
• Insider Tip: Visit the gift shop for unique souvenirs and experience the daily life of ancestors through various exhibits.

Veterans Memorial Museum

• Houses thousands of military artifacts and memorabilia, offering a reference library, guest speakers, and special events.
• Insider Tip: A must-visit for history enthusiasts and those honoring military service.

Bok Homa Casino

• Offers over 800 slot machines, dining options, and other gaming activities.
• Insider Tip: A great spot for gaming and entertainment, especially if you're looking for a day of fun.

Gardiner Park

• A stunning park designed by Fredrick Law Olmstead, the same designer of New York City’s Central Park.
• Insider Tip: Take a stroll around the park and enjoy its beautiful landscaping and historical significance.

Downtown Laurel

• Explore the charming downtown area with its wide brick streets, antique shops, boutiques, and local businesses.
• Insider Tip: Visit Central Avenue for a variety of shops, including the Scotsman General Store and Laurel Mercantile Co., and enjoy the local atmosphere.

Insider Tips

Shopping

• Visit Southern Antiques for a wide range of antiques, furnishings, and home accessories.
• Check out HAND+made for a combination gift shop, arts and crafts store, and art studio with classes.

Dining

• Enjoy meals at Pearl’s Diner, known for its fried chicken and collard greens, and don’t miss the Kool-Aid Pie.
• Stop by Bird Dog Cafe for sandwiches, coffee, and live music in the evenings.

Events

• Attend the Magnolia State Bank Chili Cook-off for a variety of chili options and community activities.
• Participate in Downtown Thursdays, which include a farmer’s market and family-friendly events during the summer.

Local Landmarks

• Take a photo in front of the iconic blue truck at Laurel Mercantile Co.
• Explore the historic homes featured on the HGTV show Home Town, though note that these homes are private property.

Community Engagement

• Engage with locals by visiting the Laurel Welcome Center for maps and recommendations.
• Enjoy the monthly Wine Down Downtown event with extended shopping hours and wine tastings.

Practical Tips to Run a Successful Short Term Rental Business in Laurel, Mississippi

To ensure the success of a short term rental business in Laurel, Mississippi, several key strategies can be implemented. First, it is crucial to address noise regulations by informing guests about quiet hours through clear communication in the rental listing and in a digital or physical house manual. This manual should also include essential instructions, Wi-Fi passwords, and other pertinent details to enhance the guest experience.

A simplified check-in process can significantly improve guest satisfaction. Utilizing smart locks eliminates the need for physical key exchanges and provides a seamless entry experience. Additionally, providing detailed parking instructions accompanied by photos can help guests navigate the property easily and reduce potential issues.

By adhering to these tips, you can create a well-organized and guest-friendly environment, which is essential for positive reviews and repeat bookings in the competitive short term rental market of Laurel, Mississippi.

Here is a brief list of house cleaning, repair, and maintenance providers in Laurel, Mississippi:

House Cleaning Services

• TLN Cleaning Services, LLC: Specializes in cleaning businesses, homes, offices, and salons.
• Housekeepers on Care.com: Offers a list of highly rated local housekeepers in Laurel, MS.
• Top 10 Best House cleaners on Angie's List: Provides reviews and ratings for various house cleaners in Laurel, MS.

General Cleaning and Restoration Services

• SERVPRO of Laurel: Offers residential and commercial cleaning, including carpet, upholstery, ceiling, floors, walls, drapes, blinds, and window treatments cleaning.

Industrial and Specialized Cleaning Services

• B Clean, LLC: Provides a wide range of services including pressure washing, truck washing, hydro-blasting, water jet pipe cleaning, video pipe inspection, hydro-excavating, and more. Also offers portable toilet rental and dumpster rental.

Short-Term Rental Management Fees in Laurel, Mississippi: A Comprehensive Guide

In Laurel, Mississippi, managing short-term rental properties involves a range of fees that can significantly impact your revenue. Typically, these management fees range from 10% to 30% of the rental revenue, depending 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, often ranging from 20% to 30% of the rental income.

Basic services, such as handling reservations and minimal maintenance, may incur lower fees. Additionally, property owners should be prepared for extra fees, including those for cleaning, repairs, and design services. These additional costs can vary widely, with cleaning fees ranging from $50 to $200 per cleaning, and maintenance fees dependent on the property's size and condition.

Understanding these fee structures is crucial for maximizing your rental income and ensuring a smooth operation of your short-term rental property in Laurel, Mississippi.