Airbnb & VRBO Performance in Laurel Montana.

Short-Term Rental Regulations in Laurel, Montana for 2024

State and Local Requirements

Licensing and Registration

• Short-term rental hosts must obtain a Public Accommodation License from the Montana Department of Public Health and Human Services.
• Hosts must register with the city of Laurel and obtain any necessary business licenses, which must be renewed annually.

Health and Safety Inspections

• Properties must undergo a one-time fire inspection and health inspection, with annual renewals to ensure compliance with health and safety standards.

Guest Register

• Hosts are required to maintain a guest register including the names and contact information of all guests, stored for at least one year.

Zoning Regulations

• Short-term rentals are subject to specific zoning regulations. While Laurel allows short-term rentals in all zoning districts, hosts must ensure their property complies with local zoning laws.

Taxes

• Hosts must comply with Montana's lodging taxes, which include a 4% Lodging Facility Use Tax and a 4% Lodging Sales Tax. These taxes are collected and remitted by platforms like Airbnb for reservations 29 days or shorter.

Amenities and Maintenance

• Properties must provide potable water, adequate wastewater disposal, and hygienic amenities such as laundry facilities. Thorough cleaning and maintenance of the property are also required.

Conditional Use Permits

• Depending on the specific location and type of rental, hosts may need to obtain conditional use permits, which involve community review and administrative scrutiny.

Additional Local Requirements

• Hosts may need to post a bond or comply with other local regulations, such as scheduling a fire inspection with the local fire department and ensuring compliance with any additional local laws or regulations.

Compliance and Enforcement

• Hosts must stay current with evolving jurisdictional changes and be prepared to adapt to new regulations as they are implemented.
• Failure to comply with these regulations can result in the lapse of registration, requiring hosts to restart the registration process anew.

Top Neighborhoods for Airbnb Revenue in Laurel, Montana

While specific neighborhood data for Laurel, Montana, is not extensively detailed in the sources, we can infer some insights from the broader context of Laurel's Airbnb market and nearby areas. Here’s a generalized approach to identifying potentially lucrative neighborhoods and their appeal:

General Laurel, Montana Market

• Occupancy and Revenue: Laurel's short-term rentals average a 50% occupancy rate, with a $156 daily rate and $11,880 in monthly revenue. This indicates a stable demand for short-term rentals.

Appealing Factors for Guests

• Proximity to Natural Attractions: Laurel is close to several natural attractions and outdoor activities, making it appealing for guests looking for a mix of urban and rural experiences.
• Accessibility: Its location near major roads and highways makes it an attractive stopover or base for exploring Montana.

Potential Neighborhoods (Inferred from General Trends)

Since specific neighborhood data is not available, here are some general types of neighborhoods that could be lucrative based on typical guest preferences:

1. Central Laurel

• Appeal: Close to local amenities, shops, and restaurants. Central locations are often preferred by guests for their convenience.
• Revenue Potential: Higher occupancy rates due to easy access to local services.

2. Neighborhoods Near Parks and Outdoor Spaces

• Appeal: Proximity to parks, trails, and other outdoor recreational areas. Guests often seek places that allow easy access to nature.
• Revenue Potential: Higher demand during peak outdoor activity seasons.

3. Suburban Areas with Easy Access to Highways

• Appeal: Convenient for travelers and those exploring wider Montana. These areas offer a balance between quiet living and easy access to major routes.
• Revenue Potential: Consistent demand from travelers and tourists.

4. Historic or Charismatic Neighborhoods

• Appeal: Unique charm and character can attract guests looking for a more authentic experience.
• Revenue Potential: Higher daily rates due to the unique appeal of these areas.

Conclusion

While the exact neighborhoods in Laurel, Montana, are not specified, focusing on areas with central convenience, proximity to natural attractions, easy highway access, and unique character can make them appealing for guests and potentially lucrative for Airbnb hosts.

Furnishing and Design Tips for an Inviting Airbnb in Laurel, Montana

To create an Airbnb in Laurel, Montana, that is both inviting and reflective of the city's unique style, consider the following tips:

Define Your Property's Aesthetic

• Align your furniture and decor with the local culture and aesthetic of Laurel, Montana. This could include elements of rustic charm, natural materials, and a touch of Western hospitality.

Understand Your Audience

• Know your target guests and what they might be looking for in a stay. For Laurel, this could include families, outdoor enthusiasts, and travelers seeking a cozy retreat.

Measure and Plan Your Space

• Measure your rooms carefully and plan the layout to maximize space and natural light. Ensure there is ample room to move around and that the furniture does not block natural light sources.

Choose Timeless and Functional Furniture

• Opt for sturdy, timeless pieces that are easy to clean and maintain. Consider furniture with built-in storage, such as storage beds and ottomans with hidden compartments.

Focus on Comfort and Practicality

• Select a solid bed with a mattress that is at least 8 inches thick. Memory foam mattresses are durable and easier to replace than spring mattresses. Use a mattress cover to extend its lifespan.
• Choose high-quality, durable towels in neutral colors that can be bleached. Provide enough storage for guests' toiletries and personal items.

Equip Your Kitchen

• Ensure your kitchen is well-equipped with essentials like a coffee maker, microwave, toaster, and kettle. This will make your guests' stay more convenient and comfortable.

Use Mirrors to Enhance Space

• Use mirrors to make your Airbnb feel bigger and brighter. A full-length mirror in the bedroom is a must, and consider placing power sockets nearby for hair dryers and straighteners.

Select Durable and Easy-to-Clean Furniture

• For high-traffic areas, choose furniture that is durable and easy to clean. Sofas with washable covers are ideal, and consider a sofa bed to increase the number of guests you can accommodate.
• Opt for a dining table that is tough and resistant to wear and tear. Comfy, lightweight chairs that are easy to move around are also a good choice.

Incorporate Local Touches

• Add local touches such as artwork, decor, or furniture that reflects the unique style of Laurel, Montana. This could include rustic wood accents, local crafts, or nature-inspired elements.

Ensure Accessibility

• If possible, make your Airbnb accessible to guests with disabilities by including features like ramps, wide doorways, and grab bars in bathrooms.

Utilize Smart Storage

• Use smart storage solutions like beds with drawers, wall hooks for coats, pegboards in the kitchen, and stackable containers to keep the space tidy and organized.

Create a Welcoming Ambiance

• Pay attention to lighting and ambiance. Use electric fireplaces, cozy textiles, and well-placed lighting to create a warm and inviting atmosphere that reflects the charm of Laurel, Montana.

Discover Laurel, Montana: Local Attractions and Insider Tips

Local Attractions

Historical Sites

• Canyon Creek Battlefield Monument: Commemorates the battle between the Nez Perce Indians and the U.S. Cavalry in 1877.
• Chief Joseph Monument: Honors the Nez Perce leader who led his people through the area in 1877.
• Little Bighorn Battlefield National Monument: Although not in Laurel, it's a nearby significant historical site, the location of the famous Battle of Little Bighorn.
• Riverside Park: Site of a World War II Prisoner of War Camp, featuring buildings constructed by the prisoners.

Natural and Recreational Sites

• Laurel Golf Club: An 18-hole golf course with a newly opened clubhouse in 2023.
• Kiwanis Park: Offers amenities like a basketball court and horseshoe pits.
• Lions Family Park, Murray Park, and Nutting Park: Various parks with recreational facilities.
• Beartooth Scenic Highway: A scenic drive offering stunning views, though it starts a bit outside of Laurel.

Cultural and Community Attractions

• Laurel Public Library: A local library serving the community.
• Fireman's Park: Features the State of Montana Fireman's Monument and hosts the city's renowned Fourth of July fireworks.
• Veterans Park: Includes a World War II Monument and other veterans' memorials.

Other Points of Interest

• Yellowstone National Cemetery: A United States national cemetery located in Laurel.
• Pompeys Pillar National Monument: Nearby, where William Clark carved his name in 1806.
• Cenex Harvest States Oil Refinery and BNSF's Laurel Yard: Significant industrial sites in the area.

Insider Tips

Dining and Nightlife

• Owl Junction Diner: A local favorite for dining.
• Vinnie's Piccadilly Pizza & Subs: Known for its pizza and subs.
• Sid's East Side Bar & Grill: A popular spot for food and drinks.

Shopping

• Walmart Supercenter: Convenient for any shopping needs.

Events

• Laurel's 4th of July Celebration: Known for its world-class fireworks display.
• Christmas Parade and Fireworks: Another festive event with fireworks.

Local Knowledge

• Railroad History: Laurel has a rich railroad history, having served several major railroads. Guests might find the Locomotive Inn and the railroad yards interesting.
• Agriculture and Industry: The town's economy is driven by agriculture and oil refining, providing a unique blend of rural and industrial experiences.

By sharing these attractions and tips, you can help your guests make the most of their visit to Laurel, Montana.

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

To ensure a smooth and enjoyable experience for both you and your guests, several practical tips can enhance your short term rental business in Laurel, Montana.

Noise Regulations and Quiet Hours

Inform your guests about local noise regulations and quiet hours to maintain a peaceful environment. Include this information in your digital and physical house manual to avoid any misunderstandings. This helps in respecting the neighborhood and preventing potential complaints.

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 be easily accessible and updated regularly to reflect any changes or new amenities.

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. This ensures a hassle-free arrival and sets a positive tone for their stay.

By implementing these strategies, you can enhance guest satisfaction, reduce potential issues, and build a reputation for a well-managed and welcoming short term rental property in Laurel, Montana.

Here is a brief list of house cleaning services and related providers in Laurel, Montana:

House Cleaning Services

• Purple Cactus Maid Service Inc.: Offers commercial and residential cleaning, decluttering, and organization services in Laurel, MT, along with other nearby areas. They provide move-in/move-out cleaning and are fully equipped with commercial-grade equipment.
• Care.com Cleaning Services: Lists various individual cleaning professionals in Laurel, MT, with rates starting at $15.00/hr. You can search by rates, reviews, and experience.
• Angie's List House Cleaners: Provides a list of top-rated house cleaners in Laurel, MT, along with real reviews and ratings.
• HomeAdvisor Cleaning Services: Features top-rated cleaning services experts in Laurel, MT, with real reviews and ratings to help you choose the right provider.

Note

For repair or maintenance services, the provided sources do not list specific providers in Laurel, MT, as they are primarily focused on cleaning services. You may need to consult other resources for repair and maintenance services.

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

In Laurel, Montana, managing a short-term rental property comes with varying management fees, typically ranging 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 falling between 20% to 30% of the rental income. In contrast, basic services that may only include listing and booking management could cost less, usually around 10% to 15%. Additionally, property owners may incur extra fees for services such as cleaning, repairs, or design enhancements, which can further impact the overall cost of management.