Airbnb & VRBO Performance in Milwaukee Wisconsin.

Short-Term Rental Regulations in Milwaukee, Wisconsin for 2024

Licensing and Registration

• Tourist Rooming House License: Hosts must secure a Tourist Rooming House license through the City of Milwaukee Department of Neighborhood Services (DNS) to operate a short-term rental.
• Permit Application: Hosts must complete the permit application, providing detailed information about the property, including its location, type of dwelling, and contact details.

Required Documents

• Proof of Insurance: Hosts must have appropriate insurance coverage to protect themselves and their guests.
• Proof of Payment of Transient Room Tax: Milwaukee imposes a 10% hotel tax on short-term rental stays, and hosts must demonstrate they are collecting and remitting this tax.
• Proof of Compliance with Zoning and Building Codes: Short-term rental properties must meet the city's standards for safety, occupancy, and other regulatory requirements.
• Floor Plan: A detailed floor plan of the short-term rental unit must be submitted, showing the layout of the property.
• Proof of Ownership or Lease/Rental Agreement: Hosts must provide proof of ownership or a lease/rental agreement.

Safety and Compliance

• Fire & Safety Self-Certification Checklist: Hosts must complete this checklist to confirm that their rental property meets fire safety standards, such as having working smoke detectors, carbon monoxide detectors, and fire extinguishers.
• Regular Renewal of Permits: Milwaukee mandates regular renewal of short-term rental permits, typically on an annual basis, to ensure continued compliance with safety and zoning codes.

Proposed Regulations

• Owner-Occupancy Rule: There is a proposal to require owners to live on-site at the properties they rent, in response to complaints about loud parties and other nuisance behavior.

Enforcement and Penalties

• Complaints and Investigations: Residents can file complaints to the Department of Neighborhood Services (DNS), which conducts investigations and enforces compliance.
• Fines and Legal Consequences: Non-compliance can result in fines ranging from $150 to $500 for first-time offenders, with higher fines for repeated violations. Persistent non-compliance can lead to legal action, including the revocation of the rental permit or criminal charges.

State-Level Regulations

• Right to Rent Law: Local governments cannot ban short-term rentals of 7 consecutive days or longer, but can place restrictions on rentals shorter than 7 days and limit the total number of rental days within a 365-day period.

Top Neighborhoods for Airbnb Revenue in Milwaukee, Wisconsin

1. Walker's Point

• Average Revenue: $29.5K per year
• Average Daily Rate: $178.8 per night
• Average Occupancy Rate: 50%
• Why it's appealing: Walker's Point seamlessly blends history with modern vibrancy, offering a unique combination of old and new. The neighborhood is conveniently located near downtown Milwaukee, major employers, and several local breweries, restaurants, and bars. Its rich history, stunning architecture, and recent revitalization efforts make it a charming and exciting destination for guests.

2. Brewer's Hill

• Average Revenue: $18.3K per year
• Average Daily Rate: $133.6 per night
• Average Occupancy Rate: 46%
• Why it's appealing: Brewer's Hill boasts a blend of old-world charm and modern amenities. The neighborhood is known for its historic Victorian mansions and restored industrial buildings, a burgeoning culinary scene, and trendy cafes and boutiques. Its proximity to downtown Milwaukee and major event venues like the Wisconsin Center and Fiserv Forum makes it ideal for both leisure and business travelers.

3. Wauwatosa

• Average Revenue: $15.8K per year
• Average Daily Rate: $116.5 per night
• Average Occupancy Rate: 49%
• Why it's appealing: Wauwatosa offers a mix of suburban charm and urban convenience. It is centrally located for quick access to Medical College/Froedert, Miller Park, the Milwaukee County Zoo, and downtown Milwaukee. The neighborhood features popular spots like Bel Air Cantina, Cranky Al's, and the Rosebud Theater, making it a desirable location for guests seeking a blend of local culture and convenience.

4. Bay View

• While specific revenue data is not provided for Bay View, it is highly rated by guests:
• Average Ratings: Often 4.9+ out of 5
• Why it's appealing: Bay View is known for its vibrant atmosphere, historic renovated homes, and proximity to Lake Michigan. Guests enjoy the neighborhood's restaurants, bars, breweries, and coffee shops, as well as its quiet and tranquil environment despite being close to the action. The area is also near South Shore Park and the lakefront trail, making it perfect for those who want to experience the best of Milwaukee's urban and natural attractions.

5. Upper East Side

• While specific revenue data is not provided for the Upper East Side, it is highly favored by guests:
• Average Ratings: Often 4.8+ out of 5
• Why it's appealing: The Upper East Side offers a contemporary and stylish living experience with easy access to the lakefront, Downer Avenue, Bradford Beach, and Summerfest grounds. The area is known for its trendy bars, wonderful restaurants, and proximity to the art museum, making it a popular choice for guests looking for a modern and convenient stay.

Furnishing and Design Tips for an Inviting Airbnb in Milwaukee, Wisconsin

1. Set a Budget and Prioritize Essentials

Establish a budget to avoid unnecessary debt. Create two checklists: one for must-have items and one for nice-to-have items. This helps ensure the most important furniture is purchased first, and any remaining budget can be used for additional items.

2. Choose a Theme or Color Palette

Select a theme or color scheme that reflects Milwaukee's unique style. Use social media platforms like Pinterest and Instagram for inspiration, and consider the city's cultural and architectural influences. A neutral base with pops of color can create a versatile and timeless look.

3. Optimize Your Space

Refer to your floor plan to ensure you don't overcrowd the rooms. Measure your rooms and figure out the best layout to maximize space and natural light. Use mirrors to make the space feel larger.

4. Select Durable and Easy-to-Clean Furniture

Choose furniture made from durable materials that can withstand regular use and cleaning. Opt for furniture with easy-to-clean surfaces, such as microfiber or stain-resistant upholstery. This will help maintain a superior level of cleanliness.

5. Incorporate Multi-functional Furniture

Use multi-functional furniture to add versatility to your space. Examples include sofa beds, extendable dining tables, storage ottomans, folding chairs, and modular furniture. These pieces can adapt to the needs of different guests.

6. Ensure Adequate Lighting

Good lighting is essential for both safety and aesthetics. Optimize natural light by strategically placing mirrors near windows. Install multiple sources of light, including accent lights, bedside lamps, and pendants.

7. Provide Ample Storage

Ensure guests have enough storage space. Include a wardrobe, bedside tables with drawers, hooks near doors, and a bathroom cabinet. Consider storage beds and other creative storage solutions.

8. Focus on Comfort

While practicality is important, don't compromise on guest comfort. Choose comfortable mattresses and seating to ensure a good night's sleep and a cozy living experience. High-quality sheets, towels, and bedding contribute to a luxurious feel.

9. Reflect Milwaukee's Style

Incorporate elements that reflect Milwaukee's unique culture and style, such as using local artwork, antique pieces, or decor that resonates with the city's heritage. This can help create a more authentic and inviting space.

10. Maintain a Consistent Theme

Keep the theme consistent throughout the property to avoid clutter and confusion. This is especially important in smaller spaces like city centre apartments or townhouses.

11. Add Local Touches and Amenities

Consider adding local amenities such as a coffee maker, basic toiletries, and a first-aid kit. These small touches can make a big difference in the guest experience and reflect the city's hospitality.

Discover Milwaukee: Top Attractions and Insider Tips for Your Visit

Must-See Attractions

Museums

• Milwaukee Art Museum: Known for its dramatic Santiago Calatrava-designed architecture and extensive art collections.
• Harley-Davidson Museum: Celebrates over 100 years of Harley-Davidson history with interactive exhibits.
• Milwaukee Public Museum: A natural and human history museum with over 140 years of revolutionary exhibits.
• Jewish Museum Milwaukee: Explores the history of the Jewish community in Southeastern Wisconsin through engaging displays.
• Discovery World: A science and technology center with hands-on exhibits.

Landmarks and Parks

• Henry Maier Festival Park: Home to Summerfest, the world’s largest music festival, and other cultural events.
• Lakeshore State Park: Offers free admission and stunning views of Lake Michigan and the city skyline.
• Cathedral Square Park: A historic park in the heart of East Town, featuring St. John the Evangelist Cathedral.

Breweries and Food

• Legendary Breweries: Visit iconic breweries like Miller Brewing, Milwaukee Brewing Company, Sprecher Brewery, and newer craft brewers like Urban Harvest and Third Space Brewing.
• Milwaukee Public Market: A public market in the Historic Third Ward with local food vendors.
• Milwaukee Food Tours: Explore the city’s culinary heritage through themed walking tours.

Entertainment

• Summerfest: A 9-day music festival featuring multiple stages and hundreds of acts.
• Fiserv Forum: Catch a Milwaukee Bucks game or enjoy the surrounding Deer District with trendy restaurants and brewpubs.
• Marcus Center for the Performing Arts: Hosts cultural and community programming, including the Milwaukee Symphony Orchestra.
• Pabst Theater and Riverside Theater: Iconic venues for concerts and performances.

Insider Tips

Outdoor Activities

• Bradford Beach: Enjoy beach volleyball, sailing, and swimming along Lake Michigan.
• Hank Aaron State Trail: Take a walk along the Menomonee River near the Milwaukee Brewers stadium.

Local Events

• Ghost Tour 2.0: A gritty and salacious ghost tour exploring decades of scandal and tragedy.
• Veterans Day Celebration: Free admission to the Harley-Davidson Museum for veterans and their families.
• Winterlude: Enjoy coffee, tea, and pastries with live music performances at the museum.

Family-Friendly

• Betty Brinn Children's Museum: Interactive exhibits designed for kids 10 and under.
• First Stage Children's Theater: Professional children's theater with mainstage plays and touring productions.

Unique Experiences

• Riverwalk Boat Tours: Public sunset cruises, riverside pub tours, and private charters along the Milwaukee River.
• Turner Hall: A historic venue that began as a showplace for panoramic painters and German immigrant artists.

By sharing these attractions and insider tips, you can help your guests make the most of their visit to Milwaukee and experience the city's rich culture, history, and entertainment.

Practical Tips to Run a Successful Short-Term Rental Business in Milwaukee, Wisconsin

To ensure a smooth and successful short-term rental business in Milwaukee, Wisconsin, several practical tips can be implemented:

Noise Regulations and Guest Communication

Inform guests about quiet hours and noise regulations to maintain neighborhood stability. Include clear guidelines in your digital and physical house manual to avoid any misunderstandings. This helps in preventing noise complaints and ensures a peaceful environment for both guests and neighbors.

Comprehensive House Manual

Create a detailed digital and physical house manual that includes essential instructions, Wi-Fi passwords, and other important information. This manual should cover everything from appliance usage to emergency contact details, making it easier for guests to navigate the 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, including photos and step-by-step guides. This not only enhances guest convenience but also reduces the likelihood of check-in issues.

Parking Instructions

Include detailed parking instructions with photos in your house manual to help guests find and use the designated parking spaces. This is particularly important in areas where parking can be limited or complex, ensuring that guests can park safely and without hassle.

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 Milwaukee.

Here is a brief list of house cleaning providers in Milwaukee, Wisconsin:

House Cleaning Providers in Milwaukee, WI

Merry Maids of Milwaukee

• Offers personalized and comprehensive cleaning services for homes.
• 40 years of experience.
• Serves Milwaukee and Greenfield.

Divine Touch Cleaning

• Provides residential and commercial cleaning services, including natural cleaning products.
• Serves various areas including Milwaukee, Racine, Kenosha, and surrounding cities.
• Offers senior discounts and Airbnb cleaning services.

Golden Maid Services

• Specializes in home cleaning services in the Greater Milwaukee area.
• Licensed, bonded, and insured.
• Uses limited chemicals and has vetted employees.
• Serves Wauwatosa, Brookfield, Elm Grove, and other surrounding cities.

Maid Brigade of Milwaukee

• Offers eco-friendly house cleaning and disinfection services.
• Uses innovative PUREcleaning® and TANCS® steam vapor cleaning technologies.
• Serves areas including Shorewood, Fox Point, Downtown Milwaukee, and more.

T&M Cleaning Services

• A family-owned cleaning service company since 1986.
• Provides residential and commercial cleaning services without long-term contracts.
• Serves the greater Milwaukee area, including Waukesha and Southeast Wisconsin.

Short-Term Rental Management Fees in Milwaukee, Wisconsin: A Breakdown of Costs and Services

In Milwaukee, Wisconsin, short-term rental management fees can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management, which includes comprehensive tasks such as 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.

On the other hand, basic services that may only include lease preparation, rent processing, and minimal maintenance can cost less, usually around 10% to 15% of the rental revenue. Additionally, property owners may incur extra fees for services like cleaning, repairs, or design enhancements, which can be charged separately by the management company.

Understanding these fee structures is crucial for property owners to manage their expenses effectively and ensure their short-term rentals remain profitable.