In Oshkosh, Wisconsin, short-term rentals are performing well, with a median occupancy rate of 51%, an average of 186 booked nights per year, and an average daily rate of $213, indicating a robust and lucrative market.
Thriving Short-Term Rental Market in Oshkosh, Wisconsin
Oshkosh, Wisconsin, is experiencing a robust short-term rental market, making it an attractive destination for both hosts and guests. With a median occupancy rate of 51%, short-term rental properties in Oshkosh are booked for an average of 186 nights per year, indicating a strong demand. The average daily rate for these rentals stands at $213, reflecting the city's appeal and the potential for significant revenue for property owners. This vibrant market, coupled with effective management services that handle everything from marketing and guest relations to property upkeep, positions Oshkosh as a prime location for short-term rental investments.
Short-Term Rental Regulations in Oshkosh, Wisconsin for 2024
Licensing and Permits
- All short-term rental properties must be licensed, with the license renewed annually.
- A Short Term Rental Permit is required from the Department of Community Development.
- A Room Tax Permit is required from the Finance Department.
Zoning and Occupancy
- Hosts must adhere to the city's zoning laws, which may restrict the ability to rent out certain properties on a short-term basis.
- There is an occupancy limit of no more than four unrelated people allowed to stay in a single dwelling at one time.
Health and Safety
- An inspection of the home is required to be completed by the Winnebago County Health Department.
Room Tax
- Hosts are required to collect a 10% room tax from guests and remit it to the city.
- Room tax can be included in the nightly advertised rate or collected separately, and it must be reported and submitted to the City of Oshkosh through a Monthly Room Tax Report.
Record Keeping
- Hosts must maintain records of all rental transactions, including days/nights rented, revenue, and any deductions taken. These records must be kept for at least three years.
Compliance and Penalties
- Non-compliance with these regulations can result in fines and penalties. Hosts are responsible for ensuring that room tax is collected and paid, even if using an online platform.
State and Local Requirements
- If renting for more than 10 days within a calendar year, hosts are subject to the State of Wisconsin’s requirements for Short Term Rentals.
- If renting for more than 16 days within a calendar year, hosts are also subject to the City of Oshkosh’s Short Term Rentals ordinance.
Top Airbnb Revenue-Generating Areas in Oshkosh, Wisconsin
Why Oshkosh?
Oshkosh, Wisconsin, is a lucrative market for Airbnb hosts, with a typical short-term rental listing booked for 186 nights a year and a median occupancy rate of 51%.
High-Revenue Neighborhoods and Their Appeal
1. Downtown Oshkosh
- Annual Revenue: High revenue potential due to its central location.
- Appeal: Guests are drawn to the proximity to local restaurants, shops, and cultural attractions. The area is also close to the University of Wisconsin-Oshkosh and the EAA Aviation Museum, making it ideal for both business travelers and tourists.
2. Lake Winnebago Shoreline
- Annual Revenue: Listings here can command high daily rates due to the scenic views and recreational opportunities.
- Appeal: The Lake Winnebago shoreline offers beautiful lake views, access to boating and fishing, and a tranquil atmosphere. Guests appreciate the combination of natural beauty and the convenience of being near downtown Oshkosh.
3. University District
- Annual Revenue: Steady demand from students, parents, and university events.
- Appeal: This area is popular due to its proximity to the University of Wisconsin-Oshkosh. Guests include students, parents visiting their children, and attendees of university events, ensuring a consistent flow of bookings.
4. EAA Aviation Museum Area
- Annual Revenue: High occupancy rates during aviation events and conventions.
- Appeal: The EAA Aviation Museum is a major attraction, especially during the annual EAA AirVenture Oshkosh event. Guests flock to this area for easy access to the museum and the surrounding aviation activities.
5. Riverside Neighborhood
- Annual Revenue: Attractive daily rates due to the scenic river views and park access.
- Appeal: This neighborhood offers scenic views of the Fox River, access to parks and walking trails, and a peaceful environment. Guests enjoy the balance between natural beauty and the convenience of being close to downtown amenities.
These areas in Oshkosh are particularly appealing due to their unique combination of natural beauty, recreational opportunities, and proximity to key attractions and amenities, making them highly profitable for Airbnb hosts.
Furnishing and Design Tips for an Inviting Airbnb in Oshkosh, Wisconsin
1. Understand Your Budget and Prioritize
When furnishing your Airbnb, it's crucial to set a budget and prioritize your spending. Allocate more funds to statement pieces such as couches, coffee tables, and dining room tables, which define the space. For other items, consider more affordable options without compromising on quality.
2. Reflect Local Style and Charm
Incorporate elements that reflect Oshkosh's unique style, such as nautical themes for waterfront properties or rustic touches for lakehouse rentals. This helps guests connect with the local culture and environment.
3. Equip the Kitchen Well
A well-equipped kitchen is essential for a comfortable stay. Ensure it includes all necessary appliances, cookware, and utensils. Simple and classy kitchen decor can also enhance the overall appeal of the space.
4. Choose Quality Over Quantity
Opt for higher-quality furniture and decor rather than cheaper, mass-produced items. This approach may be more expensive initially but provides a better guest experience and reduces the need for frequent replacements.
5. Stage Bedrooms for Comfort
Ensure bedrooms are inviting and comfortable. Use high-quality bedding, such as 100% cotton sheets, and add decorative touches like plants or local artwork. Proper staging can make the space feel more welcoming and relaxing.
6. Add Local Touches and Amenities
Include amenities and decor that are unique to Oshkosh, such as complimentary kayaks for lakefront properties or local guides and maps. These touches can enhance the guest experience and make the stay more memorable.
7. Maintain a Simple and Classy Aesthetic
Keep the design simple and classy to appeal to a wide range of guests. Avoid overly complex or trendy designs that may quickly go out of style. Focus on timeless pieces that create a warm and inviting atmosphere.
8. Use Plants to Liven Up the Space
Adding a few plants in the corners or around the living areas can significantly liven up the space and create a more welcoming environment. Choose low-maintenance plants to ensure they remain healthy with minimal care.
9. Ensure Consistency in Design
Maintain a consistent design theme throughout the property to create a cohesive and harmonious atmosphere. This helps guests feel more at home and enhances the overall aesthetic of the space.
10. Pay Attention to Details
Small details such as decorative jars, containers, and unique coffee mugs can add a personal touch to the space. These elements can make the property feel more thoughtfully curated and inviting to guests.
Discover Oshkosh: Local Attractions and Insider Tips for Your Visit
Top Attractions
1. EAA Aviation Museum
- Explore the rich aviation history and interactive exhibits at the EAA Aviation Museum, a must-visit for aviation enthusiasts.
2. Paine Art Center and Gardens
- Stroll through the historic estate and beautiful gardens of the Paine Art Center, featuring a blend of art, architecture, and nature. Don't miss the seasonal events and garden walks.
3. Menominee Park and Zoo
- Visit Menominee Park for a variety of activities, including the free zoo, which is home to local and exotic animal species. Perfect for a family outing.
4. Oshkosh Public Museum
- Learn about the city's rich heritage through the fascinating exhibits at the Oshkosh Public Museum.
5. Asylum Point Lighthouse and Park
- Enjoy the serene atmosphere and historic significance of Asylum Point Park, featuring the Asylum Point Lighthouse. Ideal for photography and relaxation.
6. Grand Opera House
- Take a guided tour or attend a performance at the Grand Opera House, one of Wisconsin's oldest operational theaters. Experience the grandeur and history of this performing arts center.
7. Oshkosh Farmers Market
- Visit the Oshkosh Farmers Market on Saturdays from June to October for fresh produce, handmade goods, and local treats. A great place to experience community spirit.
8. Wiouwash State Trail
- Explore the outdoors by hiking or biking on the Wiouwash State Trail, which offers year-round opportunities for nature lovers.
9. Lake Winnebago and Water Activities
- Enjoy recreational fishing, boating, and other water activities on Lake Winnebago. Don't miss the annual sturgeon spearing season and boat races.
10. Downtown Oshkosh
- Experience the vibrant downtown area with its unique boutiques, supper clubs, waterfront dining, breweries, and live music venues. Participate in the Downtown Oshkosh Gallery Walk and Waterfest concert series.
Insider Tips
- Seasonal Events: Check the local calendar for events like AirVenture Oshkosh, the largest airshow in the world, and various music festivals during the summer.
- Local Cuisine: Indulge in local specialties at supper clubs, waterfront dining spots, and try some frozen custard or chocolate from the local shops.
- Outdoor Activities: Take advantage of the beautiful parks, golf courses, and cross-country skiing trails available in and around Oshkosh.
- Community Engagement: Support local farmers and artisans by visiting the Oshkosh Farmers Market and participating in the Downtown Oshkosh Gallery Walk.
- Historic Sites: Explore the historic districts and buildings listed on the National Register of Historic Places, such as the Algoma Boulevard and Washington Avenue historic districts.
By sharing these attractions and insider tips, you can help your guests make the most of their visit to Oshkosh, Wisconsin.
Practical Tips to Run a Successful Short-Term Rental Business in Oshkosh, Wisconsin
To ensure the success of a short-term rental business in Oshkosh, Wisconsin, 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 the quiet hours and noise regulations in Oshkosh. Include this information in your listing and provide a clear notice in the property to avoid any potential issues. This helps maintain a good relationship with neighbors and ensures compliance with local noise ordinances.
Digital and Physical House Manual
Create a comprehensive digital and physical house manual that includes essential instructions, Wi-Fi passwords, and other important details about the property. This manual should cover everything from how to use appliances to emergency contact information, 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 detailed parking instructions accompanied by photos to help guests find and use the designated parking areas without confusion. This contactless and keyless check-in system enhances guest convenience and reduces the likelihood of misunderstandings.
By following these tips, you can ensure a smooth and enjoyable experience for your guests, while also adhering to the local regulations and requirements in Oshkosh, Wisconsin.
Here is a brief list of house cleaning, repair, and maintenance providers in Oshkosh, Wisconsin:
House Cleaning Services
Two Gals Cleaning
- Specializes in property management cleaning, real estate cleaning, post construction cleaning, and small business cleaning.
- Also offers vacation home & rental cleaning and care.
You've Got Maids of Fox Cities
- Provides the 52-Point Deep Clean™, move-in cleaning, and regular residential cleaning services.
- Offers environmentally friendly practices and a 100% satisfaction guarantee.
Pioneer Cleaning Inc.
- Offers thorough commercial and residential cleaning services, including carpet and upholstery cleaning, window cleaning, and janitorial services.
- Provides FREE price quotes and has been in business since 1985.
Merry Maids of Oshkosh
- Provides comprehensive cleaning services with 40 years of experience.
- Offers customized cleaning plans for homes.
Additional Resources
For more affordable and varied house cleaning options, you can also check the listings on Care.com, which includes 32 different house cleaning services in Oshkosh, WI.
Short-Term Rental Management Fees in Oshkosh, Wisconsin: A Guide to Costs and Services
In Oshkosh, Wisconsin, managing short-term rental properties 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, which handle comprehensive tasks such as guest communication, marketing, and maintenance, usually charge fees at the higher end of this spectrum, often between 20% to 30% of the rental income.
Basic services, which may include only the essential management tasks, can be less expensive. Additionally, property owners may incur extra fees for services like cleaning, repairs, or property design and setup. These fees can vary among different management companies, with some charging per booking or monthly rates, and others including these costs within their overall management fee structure.