The short-term rental market in Millcreek, Utah, is thriving, offering travelers authentic and convenient accommodations while providing homeowners with a lucrative supplemental income stream, despite navigating regulatory and management challenges.
Thriving Short-Term Rental Market in Millcreek, Utah
The short-term rental market in Millcreek, Utah, is experiencing robust growth and strong performance. While specific data on occupancy and average daily rates for Millcreek alone is not readily available, the broader trends in Salt Lake County, where Millcreek is located, indicate a healthy and expanding market. According to state-level trends, the average number of monthly short-term rental (STR) listings has increased significantly, with Salt Lake County averaging 4,869 STR listings per month in 2023.
This growth is driven by the area's attractive amenities, including its central metropolitan location, natural beauty, and proximity to popular destinations. While detailed metrics for Millcreek are not provided, the overall context suggests that short-term rentals in the area are likely benefiting from the increased demand, particularly given the area's appeal to both tourists and temporary residents. This positive outlook underscores Millcreek's potential as a vibrant and desirable location for short-term rental investments.
Short-Term Rental Regulations in Millcreek, Utah for 2024
Overview of Regulations
To operate a short-term rental in Millcreek, Utah, property owners must comply with the following regulations:
1. Primary Residence Requirement
- The property for which the short-term rental license is applied must be the owner's primary residence, defined as residing at the property for a minimum of 183 consecutive calendar days per year.
2. License Requirement
- It is unlawful to operate a short-term rental without first obtaining the required Short Term Rental (STR) license from Millcreek. The license must be obtained before renting out the property.
3. License Application
- Owners must provide all necessary information and documentation, including:
- Location of the short-term rental
- Proof of primary residency
- Site plan/drawing of the proposed short-term rental
- Number of rooms available for rent
- Sales tax collection and accounting number
- Contact information of the property owner or owner’s agent available 24/7.
4. Inspections and Renewals
- Short-term rental properties may be subject to periodic inspections to ensure compliance with all regulations.
- Proof of primary residency must be provided upon annual license renewal.
- Owners must pay all applicable taxes, charges, and fees, including transient room tax.
5. Maintenance and Limitations
- Maintain the short-term rental property to the minimum standards outlined in the city code.
- Limit occupancy to no more than eight related adults or four unrelated adults.
- Ensure there are a minimum of two off-street parking spaces for the resident of each dwelling and one additional off-street parking space for each available rented bedroom.
- Provide periodic housekeeping services and ensure snow removal.
- Adhere to noise regulations and limitations on commercial purposes and outdoor displays.
- Ensure a local property manager or the owner is available to respond to issues within 20 minutes, 24 hours a day, 7 days a week, and 365 days a year.
6. Noticing and Posting Requirements
- Post signage as required by the city code, containing relevant contact information and occupancy details, in a conspicuous location near the main entrance of the short-term rental property.
7. Occupancy and Separation Limits
- Limit the maximum renter occupancy during rental periods.
- Limit the number of days in a year a short-term rental may be rented.
- Impose a minimum separation between short-term rentals and limit the number of residential short-term rentals for each council district.
8. Compliance and Penalties
- Each day of violation of any provision of the city code constitutes a separate offense and may result in penalties as outlined in the code.
By adhering to these regulations, property owners can ensure compliance with Millcreek's short-term rental laws.
Top Airbnb Revenue-Generating Neighborhoods in Millcreek, Utah
While specific neighborhood data within Millcreek, Utah, is not provided in the sources, we can infer the overall appeal and revenue potential of Millcreek as a whole and highlight why it is an attractive location for Airbnb guests.
Why Millcreek, Utah, is Appealing for Guests
High Occupancy Rates
- Millcreek boasts a high Airbnb occupancy rate of 70%, indicating strong demand for vacation rentals in the area.
Central Location
- Millcreek is situated near Salt Lake City, making it an ideal location for guests who want to be close to urban amenities but also enjoy a more suburban or mountainous environment.
Attractive Daily Rates
- The average daily rate in Millcreek is $120, which is competitive and attractive for both hosts and guests.
Year-Round Bookings
- With an average of 252 nights booked per year, Millcreek offers a stable and lucrative market for Airbnb hosts.
Key Statistics for Millcreek, Utah
- Average Daily Rate: $120
- Annual Revenue: $30,482
- Occupancy Rate: 70%
- Nights Booked per Year: 252.
Given the lack of specific neighborhood data, the entire area of Millcreek can be considered a strong market for Airbnb investments due to its favorable statistics and central location.
Furnishing and Design Tips for an Inviting Airbnb in Millcreek, Utah
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, such as solid beds with at least 8-inch thick mattresses, preferably memory foam for durability and ease of replacement.
- Choose sofas with washable covers to ease maintenance and consider sofa beds to increase guest capacity.
- Select dining tables that are tough and resistant to wear and tear, and use tablecloths, runners, and decor to enhance their appearance.
Storage and Organization
- Incorporate smart storage solutions like beds with drawers, wall hooks, pegboards in the kitchen, and stackable containers to keep the space tidy.
- Provide designated spots for guests' personal items, such as luggage racks and shelves or cabinets for toiletries and personal items.
Lighting and Mirrors
- Use mirrors to make the space feel bigger and brighter. Ensure mirrors have cool frames for added style and are placed near power sockets for hair dryers and straighteners.
- Ensure good lighting throughout the space, especially in work areas, and consider a desk lamp for additional lighting.
Comfort and Practicality
- Equip the kitchen with essentials like a coffee maker, microwave, toaster, kettle, and additional items such as a blender and sharp knives.
- Provide high-quality, durable towels in neutral colors that can be bleached, and ensure there is ample storage for food and leftovers.
Local Touches
- Incorporate unique local art or decor to reflect Millcreek's style and culture, which can lead to longer stays and repeat bookings.
Accessibility and Safety
- Consider making your Airbnb accessible to guests with disabilities by including features like ramps, wide doorways, and grab bars in bathrooms.
- Install smoke detectors, carbon monoxide detectors, and a first aid kit to ensure guest safety.
Technology and Work Space
- Ensure high-speed internet is available, and consider a Wi-Fi booster if the property is large. Provide a sturdy desk, a comfy chair, and easy access to power outlets for guests who need to work.
Additional Amenities
- Offer a hairdryer, basic toiletries, and a first-aid kit to enhance the guest experience. Include stationery and a power strip as handy extras.
Discover Millcreek, Utah: Local Attractions and Insider Tips
Local Attractions
Outdoor Adventures
- Millcreek Canyon: A must-visit for its stunning canyon scenery, trails, and picnic areas. Enjoy hiking, biking, Nordic skiing, and snowshoeing. Note that the upper winter gate closes to vehicles on November 1 and reopens in late spring.
- Desolation Overlook: Hike to a stunning viewpoint of Millcreek Canyon and the Salt Lake Valley.
- Dog Lake from Upper Big Water Trailhead: Access Dog Lake for beautiful scenery, wildflowers, and potential moose sightings. Best time to visit is July through October.
- Grandeur Peak: Offers stunning views of the Salt Lake Valley and Wasatch Front. Be cautious of snakes on the trail.
- Pipeline Trail: A multi-use trail with a fascinating history, ideal for hiking, biking, and cross-country skiing.
Dining and Nightlife
- Log Haven: A historic mansion and restaurant located in Millcreek Canyon, known for fine dining and romantic ambiance. It also hosts events and allows canine companions on certain days.
- Roots Café: Frequently dubbed the best breakfast spot in SLC, offering locally-sourced menu items and a unique dining experience inside a yurt.
- Provisions: Offers a seasonal menu, craft cocktails, and a tempting brunch menu.
- Sushi Groove: A favorite among local skiers and snowboarders, known for live DJs and drink specials.
Other Attractions
- Tanner Park, Canyon Rim Park, and Evergreen Park: Ideal for relaxing, walking dogs, enjoying picnics, or taking in sunset views.
- Olympus Hills Park: Best spot for catching the ideal sunset view behind the Great Salt Lake.
- Momentum Climbing Gym: A large climbing gym with numerous routes to conquer, perfect for a rainy day.
- Olympus Lanes: For bowling enthusiasts, a fun spot to spend an evening.
Insider Tips
Outdoor Safety
- Always check the Utah Avalanche Center website for critical avalanche safety information if entering the backcountry from a trailhead in winter.
Local Knowledge
- Trail Access: Be aware that mountain bikes are allowed on the Wasatch Crest Trail only on even-numbered days.
- Wildlife: Never approach wildlife, especially moose, which can be found on trails like Dog Lake.
Shopping
- REI, IME, Salty Peaks, and Black Diamond Equipment: Ideal places to gather gear for outdoor activities.
- Retro Betty, Red Balloon, and Cactus and Tropicals: Unique shops for fashion, toys, and plants.
Community Events
- Check local event calendars for festivals, concerts, sports events, and performing arts in and around Millcreek and Midvale.
By sharing these attractions and tips, you can help your Airbnb guests make the most of their visit to Millcreek, Utah.
Practical Tips to Run a Successful Short-Term Rental Business in Millcreek, Utah
To ensure the success and compliance of a short-term rental business in Millcreek, Utah, several practical tips can be implemented:
Noise Regulations and Guest Communication
Inform guests about quiet hours and noise regulations to maintain a harmonious environment for both guests and neighbors. Include this information in a digital and physical house manual to ensure clarity.
Comprehensive House Manual
Create a detailed house manual that includes essential instructions, Wi-Fi passwords, and other pertinent information. This manual should be easily accessible both digitally and in a physical format within the rental property.
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 to help them navigate any specific steps.
Parking Instructions
Include detailed parking instructions with photos in the house manual to avoid any confusion. Ensure that guests understand the parking requirements, such as the number of off-street parking spaces available and any specific parking regulations.
By adhering to these tips, you can enhance the guest experience, ensure compliance with local regulations (such as those outlined in Millcreek's Short-Term Rental Code), and maintain a positive reputation for your short-term rental business.
Here is a brief list of house cleaning providers in Millcreek, Utah:
House Cleaning Providers in Millcreek, UT
1. Lily's House Cleaning
- Offers professional house cleaning services, including weekly, bi-weekly, and monthly cleanings, as well as one-time deep cleaning and vacation rental cleaning. They serve Millcreek and surrounding areas.
2. Magic Castle Cleaning
- Provides top-rated maid services, ensuring a sparkling home. They offer various cleaning plans to suit different needs.
3. Essential Cleaning Service
- Known for their attention to detail and excellent service. They have received positive reviews for their thorough cleaning.
4. Experts Cleaning
- Listed as a house cleaning service provider in the Millcreek area.
5. 4U Cleaning Service
- Another house cleaning service available in Millcreek.
6. Extreme Clean and Handyman
- Offers house cleaning services along with handyman services in the Millcreek area.
7. PHOENIX House Cleaning
- Provides house cleaning services in Millcreek, with contact information available for inquiries.
Short-Term Rental Management Fees in Millcreek, Utah: A Comprehensive Overview
In Millcreek, Utah, the fees for managing short-term rentals, such as those listed on Airbnb, can vary significantly depending on the level of service provided. Typically, these 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 revenue as seen with services like Summer and Awning.
Basic services, which may only include listing and booking management, can be less expensive. Additionally, property owners may incur extra fees for cleaning, repairs, and design services to ensure the property remains guest-ready. These additional costs, such as the consumables fee for items like linens and toiletries, are usually factored into the overall management fee structure. Understanding these fees is crucial for property owners to comply with local regulations and maximize their rental income.