The short-term rental market in Ogdensburg, New York, is performing well, with a median occupancy rate of 65%, an average daily rate of $147, and an average annual host income of $33,000, indicating a stable and profitable investment opportunity.
Thriving Short-Term Rentals in Ogdensburg, New York
Ogdensburg, New York, is experiencing a robust short-term rental market, making it an attractive destination for both hosts and travelers. With a median occupancy rate of 65%, short-term rental listings in Ogdensburg are in high demand, indicating a strong and stable market. The average daily rate for these rentals stands at $147, contributing to an annual host income of approximately $33,000. This combination of high occupancy and lucrative daily rates underscores the profitability and stability of investing in short-term rentals in Ogdensburg, particularly with its lenient regulatory environment and popular attractions like the Thousand Islands and Boldt Castle.
Short-Term Rental Regulations in Ogdensburg, New York for 2024
While specific, detailed regulations for Ogdensburg may not be as extensively outlined as those for larger areas like New York City, here are some key points and general regulations that apply or are relevant to short-term rentals in Ogdensburg and New York State:
Statewide Regulations
- Registration Requirement: A proposed statewide law (awaiting the governor's signature) would require short-term rental hosts to register their units every two years with the Department of State. This includes providing information on each listing’s location, whether the listing is for a partial or whole unit, and the number of nights each unit was occupied.
- Tax Collection: Hosts would need to collect and report sales and occupancy taxes, which would be reinvested into the New York State tourism industry.
Local Regulations
- Lenient Enforcement: In Ogdensburg, short-term rental regulations are currently lenient, with few Airbnb listings displaying license numbers, indicating that local government is not strictly enforcing these regulations.
- General Zoning and Land Use: Local zoning laws regulate various aspects such as accessory apartments, home occupations, and bed-and-breakfast operations. For example, renting out one or two rooms within an existing single-family residence is permitted if it does not create more than one additional off-street parking space.
Specific Requirements
- Reporting: Under the proposed statewide law, hosts must report the availability and activity of their rental properties every month, including the number of nights each unit was occupied.
- Local Bans and Restrictions: While Ogdensburg does not have strict bans, other local governments in New York State have the authority to ban or restrict short-term rentals. The statewide law would preserve these local bans and restrictions.
Compliance and Fees
- Registration Fees: If the statewide law is enacted, hosts would need to pay fees associated with registering their properties, although specific fees for Ogdensburg are not detailed.
- Compliance with Codes and Laws: Hosts must certify that they understand and agree to comply with applicable codes, resolutions, laws, and other legal requirements.
Restrictions on Types of Properties
- Class A and Class B Multiple Dwellings: Statewide, short-term rentals are illegal in “Class A” multiple dwellings (residential multifamily buildings) but allowed in “Class B” multiple dwellings (hotels and temporary residence buildings). However, these classifications may not directly apply to single-family homes in Ogdensburg.
Penalties for Non-Compliance
- Fines: Failure to adhere to regulations can result in fines, although specific fine amounts for Ogdensburg are not detailed. In other areas like Lake Placid, fines range from $350 to $3,000 for non-compliance.
Top Airbnb Neighborhoods in Ogdensburg, New York: Revenue and Appeal
Neighborhoods Generating High Airbnb Revenue
While specific neighborhood-level data for Ogdensburg is not extensively detailed in the sources, we can infer the most appealing areas based on local attractions and demand.
1. Thousand Islands Area
- Appeal: This area is renowned for its scenic beauty, boating, fishing, and outdoor activities. Proximity to popular attractions like Boldt Castle and Singer Castle makes it a magnet for tourists.
- Revenue Potential: High demand due to its natural attractions and recreational activities.
2. Boldt Castle and Surrounding Areas
- Appeal: The historic Boldt Castle is a major tourist draw, attracting visitors interested in history, architecture, and scenic views.
- Revenue Potential: High occupancy rates are expected due to the castle's popularity and the area's scenic beauty.
3. Frederic Remington Art Museum Area
- Appeal: This area is appealing to art enthusiasts and those interested in local history. The museum and its surroundings offer a cultural experience.
- Revenue Potential: Steady demand from tourists visiting the museum and exploring the local culture.
4. Whitney Wilderness Area and Oswegatchie River
- Appeal: Nature lovers and outdoor enthusiasts are drawn to this area for hiking, fishing, and other wilderness activities.
- Revenue Potential: Consistent demand during peak outdoor activity seasons.
5. Minna Anthony Common Nature Center and Eel Bay
- Appeal: These areas offer additional outdoor recreational opportunities, including hiking and nature observation.
- Revenue Potential: Seasonal demand from nature enthusiasts and families looking for outdoor activities.
Why These Neighborhoods Are Appealing
- Natural Attractions: Ogdensburg's proximity to the Thousand Islands, Oswegatchie River, and various nature centers makes it an ideal destination for outdoor enthusiasts.
- Historical and Cultural Sites: The presence of the Frederic Remington Art Museum and Boldt Castle attracts visitors interested in history, art, and architecture.
- Seasonal Demand: The area experiences high demand during summer months due to its recreational activities and during other seasons for its cultural and historical attractions.
- Scenic Beauty: The scenic landscapes and waterfront areas provide a picturesque setting that appeals to a wide range of tourists.
These factors contribute to a stable and profitable Airbnb market in Ogdensburg, with an average host income of $33,000 per year and a median occupancy rate of 65%.
Tips for Furnishing and Designing an Inviting Airbnb in Ogdensburg, New York
Furniture Considerations
- Choose Easy-to-Clean Furniture:
Opt for furniture that is easy to clean and maintain. For items like sofas, use fabric protectants like ScotchGuard, and consider leather or wooden alternatives where possible.
Select Solid, Durable Pieces:
- Prefer solid wood over particle board for longevity. Ensure beds and sofas are sturdy and can withstand frequent use.
Functional and Purposeful Design
- Ensure Each Piece Serves a Purpose:
Avoid unnecessary decor and furniture. Each piece should be useful and contribute to the functionality of the space.
Utilize Smart Storage:
- Use beds with drawers, wall hooks, pegboards in the kitchen, and stackable containers to maximize storage and keep the space tidy.
Space Optimization
- Measure and Plan Your Space:
Measure your rooms carefully and plan the layout to ensure there is ample space to move around and that natural light sources are not blocked.
Fill the Space Appropriately:
- Choose furniture that fills the room proportionally. For high ceilings, use taller pieces, and consider mirrors to make the space feel larger and more welcoming.
Comfort and Aesthetic
- Define Your Property's Aesthetic:
Reflect the unique style of Ogdensburg by choosing furniture and decor that align with the local aesthetic and market expectations.
Provide Quality Bedding and Mattresses:
- Use mattresses that are at least 8 inches thick, preferably memory foam for durability. Ensure bedding is clean and consistent, using white linens for a hotel-like feel.
Safety and Accessibility
- Ensure Safety Features:
Mount TVs and large mirrors securely to the wall to prevent accidents. Install smoke detectors, carbon monoxide detectors, and a first aid kit.
Consider Accessibility:
- Make your Airbnb accessible to guests with disabilities by incorporating features like ramps, wide doorways, and grab bars in bathrooms.
Additional Amenities
- Provide Essential Items:
Include basic cookware, utensils, dinnerware, and kitchen appliances. Also, provide toiletries, towels, and a hair dryer in the bathroom.
Enhance with Lighting and Decor:
- Use floor lamps and table lamps to ensure ample lighting. Add area rugs and artwork to give the space a luxurious and welcoming feel.
Maintenance and Updates
- Timing of Updates:
Plan furniture updates during the off-season or short gaps between bookings to minimize disruption to guests.
Involve Your Cleaning Crew:
- Get input from your cleaning crew on what furniture holds up best and ensure they are aware of any new furniture or layout changes.
Practical Tips to Run a Successful Short Term Rental Business in Ogdensburg, New York
To ensure a smooth and enjoyable experience for both you and your guests, several key strategies can be implemented when running a short-term rental business in Ogdensburg, New York.
Noise Regulations and Quiet Hours
Inform your guests about local noise regulations and quiet hours to maintain a peaceful environment and avoid any potential issues with neighbors. Clearly outline these rules in your house manual and during the check-in process.
Comprehensive House Manual
Create both digital and physical house manuals that include essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also cover house rules, including noise regulations, to ensure guests are well-informed.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide detailed instructions on how to use the smart locks, along with parking instructions accompanied by photos to help guests navigate the property easily.
By implementing these practical tips, you can enhance guest satisfaction, reduce potential conflicts, and maintain a well-organized and efficient short-term rental business in Ogdensburg.
Here is a brief list of house cleaning providers in Ogdensburg, New York:
House Cleaning Services in Ogdensburg, NY
Sparkling and Beyond
- A professional cleaning company using state-of-the-art equipment with years of experience.
J&A Cleaning Service
- Offers a range of cleaning services for residential and commercial properties.
Local Listings on Care.com
- Various affordable house cleaning options, with rates starting at $19.00/hr.
Top Rated Cleaners on Angie's List
- A list of the top 10 best house cleaners, with costs varying by house size and other factors.
Walmart House Cleaning Services
- Provides cleaning services for bathrooms, kitchens, bedrooms, and more, available through phone or in-person.
Short-Term Rental Management Fees in Ogdensburg, New York: A Comprehensive Guide
In Ogdensburg, New York, managing a short-term rental property involves a range of fees that can significantly impact your revenue. Typically, short-term rental management fees range 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 ranging between 25% to 30% of the rental income. In contrast, basic services may incur lower fees, usually around 10% to 15%. Additionally, property owners may need to account for extra fees such as cleaning services, repairs, and design or setup costs, which can further affect the overall management expenses. Understanding these fee structures is crucial for maximizing your rental income and making informed decisions when selecting a property management company.