Logan, Ohio, is a highly profitable market for short-term rentals, boasting a median occupancy rate of 53-57%, an average daily rate of $158-$343, and annual revenues of $30K-$57K, making it an attractive and stable investment opportunity.
Logan, Ohio: A Thriving Hub for Short-Term Rental Investments
Logan, Ohio, is emerging as a standout destination for short-term rental investments in 2024. This charming city, nestled near the picturesque Hocking Hills State Park and the Hocking River, boasts an impressive 12.2% cap rate, making it an attractive option for investors. With a median home price of $233,000, Logan offers a compelling balance of affordability and potential returns. The city's short-term rentals enjoy a robust occupancy rate of 57%, and they command an average daily rate of $343, leading to an annual revenue of approximately $57,000. This combination of high returns, scenic beauty, and a vibrant arts scene positions Logan as an ideal location for those looking to capitalize on the short-term rental market.
Short-Term Rental Regulations in Logan, Ohio for 2024
Licensing and Application
- To operate a short-term rental, obtain a license from the City of Logan Service Director.
- Submit a completed application form, a site plan showing the location of all buildings and required off-street parking, a $50 application fee, and a $500 annual license fee.
Zoning and Location
- Short-term rentals are permitted in R-2, R-2-B, B-1, B-2, M-1, and M-2 zoning districts.
- STRs are not allowed within 500 feet of a school or another STR in residential districts.
Ownership and Management
- No person, business, or entity can own or operate more than three short-term rentals in the R-2 or R-2-B districts.
- If the owner does not reside within 25 miles of the city, a property agent, manager, or caretaker residing within 25 miles must be designated.
Occupancy and Parking
- Limit occupancy to no more than 10 guests at any given time.
- Provide at least one off-street parking space per bedroom, except in the B-1 district.
Certificates and Compliance
- Obtain a certificate of occupancy from the State of Ohio within one year of submitting the STR license application.
- Post the short-term rental license in a conspicuous place in the dwelling unit accessible to the renter.
Taxes and Reporting
- Report income from the STR annually to the City of Logan Income Tax Department.
- Pay the required 7% lodging tax on rental revenue, the same tax rate paid by hotels.
Renewals
- License renewals must be submitted between October 1 and December 1 each year.
Signage and Nuisances
- Short-term rental units are permitted one informational wall sign in compliance with the City of Logan sign ordinances.
- STRs must not generate noise, trash, glare, obstructions, odors, vibrations, or other effects that unreasonably interfere with neighboring properties.
Additional Requirements
- For properties in certain districts or near schools, submit a list of all addresses within 300-500 feet of the property from the Hocking County Auditor's Office.
- Provide either a vendor's license from the State of Ohio or an affidavit stating you have fewer than five STRs in Ohio.
Top Neighborhoods for Airbnb Revenue in Logan, Ohio
1. Hocking Hills Area (Logan and Surroundings)
- This area is highly appealing due to its proximity to popular attractions such as Old Man's Cave, Cedar Falls, Ash Cave, and other Hocking Hills State Parks. Cabins like "Ellis Edge" and "Field Trip: Premium Cabin Next to Old Man's Cave" are highly rated for their luxurious amenities and prime locations.
2. Downtown Logan
- Guests favor this area for its convenience, with many rentals being within walking distance to restaurants, shopping, and antique boutiques. Properties like "FranSay Antique Living" and "Hillside Hideaway" are popular for their central location and easy access to local events.
3. Lake Logan and Surrounding Areas
- This neighborhood is attractive because it offers a mix of natural beauty and convenience. Rentals such as "Hillside Hideaway" are close to Lake Logan, a brewery, Millstone BBQ, and other attractions, making it ideal for both family fun and romantic getaways.
4. Rockbridge and Laurelville
- These areas are favored for their serene and secluded settings while still being close to hiking trails, kayaking, and canoeing spots. Cabins like "The Roost | Summit Haven | Hocking Hills" and "Cozy Couples Cabin Hot Tub Romantic" offer a peaceful retreat with easy access to outdoor activities.
5. Nelsonville and Nearby Rural Areas
- Guests are drawn to these areas for their rustic charm and secluded homes. Properties such as "Stuart's Opera House Public Square Nelsonville" and "Cabin on a Highland cattle ranch in Hocking Hills" offer a unique blend of rural tranquility and cultural experiences.
Why These Neighborhoods Are Appealing
- Proximity to Natural Attractions: Many of these neighborhoods are close to the Hocking Hills State Parks, offering easy access to hiking, kayaking, and other outdoor activities.
- Luxurious Amenities: Cabins and homes in these areas often feature hot tubs, game rooms, fire pits, and other luxurious amenities that enhance the guest experience.
- Convenience: Downtown Logan and areas near Lake Logan provide easy access to local restaurants, shopping, and events.
- Seclusion and Peace: Neighborhoods like Rockbridge and Laurelville offer a serene and secluded environment, perfect for those seeking a peaceful retreat.
- Unique Experiences: The mix of rural charm and cultural attractions in areas like Nelsonville makes for a unique and memorable stay.
Furnishing and Design Tips for an Inviting Airbnb in Logan, Ohio
Understanding Your Audience and Location
- Reflect the Local Style: Incorporate elements that highlight the natural beauty and unique charm of Logan, Ohio, and the Hocking Hills region.
- Consider Seasonal Demand: Peak season is during summer and fall, so design with amenities that cater to outdoor enthusiasts and university visitors.
Choosing the Right Furniture
- Select Timeless, Sturdy Pieces: Opt for furniture that is durable and easy to clean, such as solid beds with storage, sofas with washable covers, and sturdy dining tables.
- Avoid High-Maintenance Materials: Steer clear of real and faux leather for sofas, and instead choose materials that are easy to maintain.
Enhancing the Space
- Utilize Smart Storage: Incorporate beds with drawers, wall hooks, pegboards in the kitchen, and stackable containers to maximize space and keep the area tidy.
- Opt for Space-Saving Furniture: Use versatile pieces like sofa beds, folding tables, and ottomans with hidden storage to adapt to different guest needs.
Creating a Welcoming Atmosphere
- Use Mirrors Effectively: Mirrors can make the space feel bigger and brighter. Ensure there is a full-length mirror in each bedroom and consider stylish frames for added flair.
- Add Plants and Local Touches: Incorporate plants and local decorative items to liven up the space and give it a personal touch.
Ensuring Guest Comfort
- Provide Essential Amenities: Equip the kitchen with essentials like a coffee maker, microwave, toaster, and kettle. Include basic cookware, utensils, and dinnerware.
- Comfortable and Practical Seating: Choose comfy, lightweight chairs that are easy to move around and opt for darker colors to hide stains better.
Work and Internet Facilities
- Dedicated Workspace: Provide a sturdy desk and a comfortable chair for guests who need to work. Ensure good lighting and easy access to power outlets. High-speed internet is crucial for business travelers and digital nomads.
Safety and Accessibility
- Install Safety Detectors: Ensure the property is equipped with smoke detectors, carbon monoxide detectors, and a first aid kit. Consider making your Airbnb accessible to guests with disabilities by adding ramps, wide doorways, and grab bars in bathrooms.
Attention to Detail
- Consistent Aesthetics: Stick to your theme and ensure consistency in colors and styles, especially with items like towels and linens.
- Guest Convenience: Provide a hairdryer, basic toiletries, and a first-aid kit to make a significant difference in guest satisfaction.
By following these tips, you can create an inviting and functional Airbnb space that reflects the unique charm of Logan, Ohio, and meets the needs of your guests.
Discover Logan, Ohio: Local Attractions and Insider Tips for Your Guests
Outdoor Adventures
Hocking Hills State Park
- A must-visit, featuring over 25 miles of hiking trails, including the popular Cedar Falls and Cantwell Cliffs trails.
- Insider Tip: The hike to Cedar Falls is only half a mile long and offers a stunning 50-foot waterfall. Cantwell Cliffs is less crowded but more challenging, so advise caution.
Hocking River
- Ideal for fishing, river tubing, or canoeing during the warmer months.
- Insider Tip: Recommend renting equipment locally for a hassle-free experience.
Gorge Overlook Trail
- Connects several landmarks like Old Man’s Cave and Cedar Falls, offering flat hiking sections and scenic views of waterfalls, caves, and gorges.
- Insider Tip: Suggest accessing the trail from SR 664 in Logan for a comprehensive look at Hocking Hills’ natural beauty.
Unique Attractions
Paul A. Johnson Pencil Sharpener Museum
- Home to the largest collection of pencil sharpeners in the world, located at the Hocking Hills Regional Welcome Center.
- Insider Tip: This quirky museum is a great place to spend a few minutes or an hour, adding a unique twist to any trip.
Hocking Hills Moonshine
- A locally owned tasting room offering tours and samples of their moonshine.
- Insider Tip: Recommend visiting for a relaxed and savory experience, especially in the evenings.
Downtown Logan
Hocking Hills Winery
- A local winery with tasting rooms and a variety of wines.
- Insider Tip: Note that the winery is closed on Tuesdays and has extended hours on Fridays and Saturdays.
John Glenn Astronomy Park
- Offers free public programs and stargazing opportunities during the spring and summer months.
- Insider Tip: Highlight the clear summer night skies of Hocking Hills, making this park perfect for astronomy enthusiasts.
Other Activities
The Inn and Spa at Cedar Falls
- A great place to stay, surrounded by Hocking Hills State Park, offering cabins, yurts, cottages, geodomes, and lodges.
- Insider Tip: Mention the premier amenities, including daily breakfast, an on-site restaurant, and a spa.
Indoor Activities
- For rainy or snowy days, suggest visiting the Nature Center at Hocking College, Boulders Edge Emporium, or the AHA A Hands-on Adventure Children's Museum.
- Insider Tip: Provide a list of indoor activities available through the welcome center to ensure guests have something to do regardless of the weather.
Local Events
Washboard Music Festival
- Celebrates the washboard as a musical instrument, usually held on the Thursday before Father's Day weekend.
- Insider Tip: Inform guests about this unique festival if they are visiting during this time.
Logan Fall Festival of Bands
- An annual marching band festival held on the first Saturday of October.
- Insider Tip: Recommend attending for a lively display of halftime routines.
By sharing these attractions and insider tips, you can enhance your guests' experience and ensure they make the most of their visit to Logan, Ohio.
Practical Tips to Run a Successful Short-Term Rental Business in Logan, Ohio
To ensure a smooth and successful short-term rental business in Logan, Ohio, several practical tips can be implemented:
Noise Regulations and Guest Communication
Inform your guests about quiet hours to comply with Logan's noise regulations, which prohibit noise that unreasonably interferes with the use and enjoyment of neighboring properties. Include this information in both your digital and physical house manual to set clear expectations.
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 house rules, including quiet hours, to ensure guests are well-informed and respectful of the property and its surroundings.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with clear instructions on how to access the property, along with photos of the parking area and any specific parking instructions. This not only enhances guest convenience but also reduces the likelihood of misunderstandings or issues upon arrival.
By implementing these strategies, you can enhance the guest experience, reduce potential issues, and maintain compliance with local regulations, ultimately contributing to the success of your short-term rental business in Logan, Ohio.
Here is a brief list of house cleaning services in Logan, Ohio:
House Cleaning Services in Logan, OH
Enderle's Pristine Cleaning
- Specializes in cleaning cabins, commercial, and residential properties.
- Located at 96 W. Hunter St. Suite E, Logan, Ohio 43138.
- Contact: (740) 603-4580.
Real World Cleaning Services
- Provides expert home cleaning services, focusing on removing dirt, bacteria, and germs.
- Based in Logan, OH.
Various Providers Listed on Care.com
- Multiple house cleaning services available, with rates starting at $15.00/hr.
- Listings include details on rates, reviews, and experience.
Top Rated Cleaners on Angi
- A list of the top 10 best cleaners in Logan, OH, with prices typically ranging between $30 and $50 per hour.
Short-Term Rental Management Fees in Logan, Ohio: A Guide to Service Levels and Costs
In Logan, Ohio, managing a short-term rental property can incur management fees that typically range from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management companies, such as those offered by GoSummer and Awning, handle comprehensive tasks including guest communication, marketing, booking management, cleaning, and maintenance, and these services usually fall on the higher end of the fee spectrum, often starting at 15% to 25% of revenue.
In contrast, basic or half-service management options, which may leave tasks like cleaning and guest communication to the property owner, can be more budget-friendly, starting at around 10% of revenue. Additionally, property owners may incur extra fees for services such as cleaning, repairs, or design enhancements, which can vary depending on the management company and the specific needs of the property. Understanding these fee structures is crucial for property owners to maximize their rental income while ensuring their properties are well-managed and guest-ready.