Airbnb & VRBO Performance in North Providence Rhode Island.

Short-Term Rental Regulations in North Providence, Rhode Island for 2024

While the specific regulations for North Providence are not detailed in the provided sources, general state and local regulations in Rhode Island can be applied to understand the broader framework. Here are some key regulations that are likely to apply or be similar in North Providence:

Statewide Regulations

• Registration Requirement: All short-term rental properties must be registered with the Rhode Island Department of Business Regulation through an online portal. This includes providing property details, owner or property manager contact information, and paying a registration fee.
• Annual License Fee: There is an annual license fee plus a per-bedroom rate, which varies based on whether the unit is owner-occupied and the owner's residency status.

Local Regulations

• Zoning Restrictions: Short-term rentals are regulated differently based on zoning areas. For example, in some areas like Providence, owner-occupied dwellings in certain zones (R1, R1A, R2, and R3) can be used as short-term rentals. In other zones, entire dwelling units used as short-term rentals may require a temporary use permit.
• Temporary Use Permit: Entire dwelling units used as short-term rentals often require a temporary use permit, which must be renewed annually. Private bedroom rentals where the owner is residing in the dwelling during the rental typically do not need a permit.
• Safety Measures: All short-term rentals must comply with basic safety measures, including visible printed materials with diagrams of all exits and clearly marked fire extinguishers.
• Business License: Short-term rental providers may need to submit a 'short term rental affidavit' and apply for a town business license, which includes limitations on the number of rentable nights per year, maximum stay duration, and occupancy limits.

Compliance and Enforcement

• Penalties for Non-Compliance: Non-compliance with registration and other regulations can result in significant financial penalties, with a tiered structure of fines based on the period of non-compliance.

Additional Considerations

• Local Ordinances: Property owners must comply with local ordinances, such as the "Three Student Ordinance" in some towns, which limits rental agreements to three unrelated individuals.
• Public Feedback and Review: There is ongoing review and public feedback through a special legislative commission studying the economic and social effects of the short-term rental industry.

For the most accurate and up-to-date information specific to North Providence, it is recommended to contact the North Providence municipal offices or visit their official website.

Top Neighborhoods for Airbnb Revenue in Providence, Rhode Island

While the specific query mentions North Providence, the provided sources primarily focus on Providence as a whole. Here are the top neighborhoods in Providence that generate significant Airbnb revenue and their appeal to guests:

1. Federal Hill, Providence

• Airbnb Annual Revenue: $45,500
• Gross Rental Yield: 26%
• Appeal: Federal Hill is known for its vibrant atmosphere, Italian restaurants, and close proximity to downtown Providence. Guests love the walkability, access to local dining, and the charming neighborhood vibe.

2. College Hill, Providence

• Airbnb Annual Revenue: $64,572
• Gross Rental Yield: 15.79%
• Appeal: College Hill is historic and picturesque, with easy access to Brown University and the Rhode Island School of Design (RISD). Guests appreciate the private entrances, self-check-in options, and the quiet, safe neighborhood.

3. Downtown Providence

• Airbnb Annual Revenue: $39,768
• Gross Rental Yield: 19.98%
• Appeal: Downtown Providence offers a central location with easy access to restaurants, bars, shopping, and major attractions like the Dunkin Donuts Center and Providence Place Mall. Guests enjoy the convenience and lively atmosphere.

4. Mount Hope, Providence

• Airbnb Annual Revenue: $57,800
• Gross Rental Yield: 22.24%
• Appeal: Mount Hope is a charming neighborhood with a mix of historic homes and modern amenities. Guests like the quiet and safe environment, along with its proximity to local dining and shopping.

5. Olneyville, Providence

• Airbnb Annual Revenue: $37,280
• Gross Rental Yield: 16.95%
• Appeal: Olneyville offers a more laid-back atmosphere with larger homes, making it ideal for family and friend getaways. Guests appreciate the spacious accommodations and the neighborhood's unique character.

These neighborhoods are highly appealing due to their combination of historical charm, modern amenities, and convenient locations, making them ideal for both short-term and long-term guests.

Creating an Inviting Airbnb in North Providence, Rhode Island: Design and Furnishing Tips

Understand Local Preferences and Charm

• Incorporate modern styles with clean lines and vintage decor that emphasize local heritage, reflecting North Providence's unique blend of historical and contemporary charm.

Emphasize Comfort and Convenience

• Ensure the space is comfortable and convenient, with self-catering facilities, spacious living areas, and easy access to outdoor spaces. Modern kitchens and quality mattresses are highly valued by guests.

Highlight Local Art and Decor

• Integrate local artwork and trendy decor pieces to enhance the atmosphere and provide guests with a memorable experience. This can include pieces that highlight the city's historical background and cultural significance.

Provide Essential Amenities

• Include amenities such as high-speed Wi-Fi, smart TVs, and well-equipped kitchens to cater to tech-savvy travelers and families. Free parking, if available, is also a significant plus.

Utilize Outdoor Spaces

• If available, make the most of outdoor spaces such as patios, decks, or backyards. These areas can be equipped with grills and other amenities to enhance the guest experience.

Attention to Detail

• Pay attention to detail in furnishings and decor. Choose statement pieces like couches, coffee tables, and dining room tables that define the space and create a welcoming atmosphere.

Consider Pet-Friendly Options

• Offer pet-friendly accommodations, as many guests travel with their pets. This can be a significant selling point, especially in family-friendly areas.

Maintain Cleanliness and Hygiene

• Follow strict cleaning guidelines to ensure the space is professionally cleaned and sanitized regularly. This is crucial for guest satisfaction and safety.

Personal Touches

• Add personal touches such as gift baskets with local treats, beverages, and other welcome items to make guests feel special and appreciated.

Neighborhood Integration

• Ensure the design and furnishings align with the neighborhood's character. For example, if the property is in a historic area, incorporate elements that respect and reflect that history.

Exploring North Providence, Rhode Island: Local Attractions and Insider Tips

Local Attractions

Parks and Recreation

• Governor John A. Notte Memorial Park: Features sports fields, playgrounds, a freshwater beach, and a campground. It also hosts several annual events, including the Mayor's Fishing Derby, Memorial Day Parade Celebration, Independence Day celebrations, and the Pumpkins in the Park event.
• Captain Stephen Olney Park: Offers various sports fields and playgrounds, making it a great spot for family outings.
• Peter Randall State Park: Another recreational park with scenic views and outdoor activities.

Historical Sites

• Joseph Smith House: A historic stone-ender house built in 1705, listed in the National Register of Historic Places.

Community Events

• Annual Festivals: Participate in events like the Mayor's Fishing Derby, Memorial Day Parade, Independence Day celebrations, and Pumpkins in the Park.
• Christmas Tree Lighting: A festive event held at the town hall, complete with refreshments, games, and music.

Insider Tips

Local Favorites

• Dining: Recommend local restaurants and cafes, especially those known for their seasonal menus and community support.
• Shopping: Suggest visiting local markets or unique shopping spots, such as the Centredale area for its quaint shops and community vibe.

Outdoor Activities

• Wenscott Reservoir and Canada Pond: Encourage guests to explore these bodies of water for fishing, boating, or simply enjoying the scenery.
• Woonasquatucket River: A great spot for a scenic walk or kayak trip.

Nearby Attractions

• Providence: Only a short drive away, Providence offers a wealth of attractions including the Roger Williams National Memorial, Providence Place Mall, Providence Children’s Museum, and the Providence Performing Arts Center.
• Roger Williams Park Zoo: Located in nearby Providence, this zoo is one of the oldest in the country and features a variety of animals in naturalistic settings.

Seasonal Activities

• Fall Foliage: Recommend drives or walks to enjoy the fall colors, a highlight of the Rhode Island autumn season.
• Summer Events: Inform guests about the various summer festivals and events held in North Providence and nearby areas.

Additional Tips for Airbnb Hosts

• Local Guides: Provide guests with a local guide or map highlighting the best spots to eat, shop, and explore.
• Community Events Calendar: Keep an updated calendar of local events and festivals to help guests plan their stay.
• Recommendations: Offer personalized recommendations based on the guests' interests and preferences.
• Transportation: Provide information on public transportation options or recommend local car services for guests to get around.

Practical Tips to Run a Successful Short Term Rental Business in North Providence, Rhode Island

To ensure the success of your short-term rental business in North Providence, Rhode Island, several practical tips can be implemented to enhance the guest experience and comply with local regulations.

Noise Regulations and Quiet Hours

Inform your guests about quiet hours and noise regulations to maintain a peaceful environment. Include clear guidelines in your digital and physical house manual, ensuring guests understand the expectations to avoid any disturbances.

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, along with parking instructions accompanied by photos to avoid any confusion.

Compliance and Safety

Ensure your property complies with local safety measures, such as having visible printed materials with diagrams of all exits and clearly marked fire extinguishers, as required by Providence's short-term rental regulations.

By following these tips, you can create a welcoming, well-organized, and compliant short-term rental property that attracts repeat guests and positive reviews.

Here is a brief list of house cleaning providers in North Providence, Rhode Island:

House Cleaning Services

Kristina's Cleaning Service

• Locally-owned and operated residential cleaning crew
• Offers weekly, biweekly, and one-time cleaning services
• Based in Providence, RI, but serves the surrounding areas.

J and M Pro Cleaning

• Family-owned and operated
• Provides basic house cleaning, deep cleaning, after construction, move-in/out cleaning, and more
• Serves North Providence and several other towns in Rhode Island.

Merry Maids of Rhode Island

• Offers comprehensive cleaning services for homes
• Based in East Providence but serves all of Rhode Island, including North Providence.

Additional Options

• Various local house cleaning services listed on Care.com, including several affordable options starting at $19.50/hr.
• Other providers listed on Angie's List, which includes a range of house cleaners with varying services and rates.

Short-Term Rental Management Fees in North Providence, Rhode Island

Short-term rental management fees in North Providence, Rhode Island, typically range from 10% to 30% of the rental revenue, varying significantly based on the level and scope of services 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. In contrast, basic services that may only cover essential tasks like booking management and check-in/check-out coordination may incur lower fees. Additionally, property owners may need to consider extra fees for services like cleaning, repairs, and interior design, which can further impact the overall cost of managing their short-term rental properties.