The short-term rental market in Overland Park, Kansas is thriving, with attractive average revenues of up to $54,500 per year, high occupancy rates, and a range of lucrative neighborhoods such as Downtown and Willow Creek that offer compelling investment opportunities.
Thriving Short-Term Rental Market in Overland Park, Kansas
The short-term rental market in Overland Park, Kansas, is experiencing a robust performance, making it an attractive destination for both investors and travelers. Key neighborhoods such as Downtown Overland Park and Willow Creek are driving this success. In Downtown Overland Park, short-term rentals boast an average occupancy rate of 59%, with an average daily rate of $193.2 per night, generating an average annual revenue of $41.6K per year.
Willow Creek, another promising area, sees an average occupancy rate of 50% and an impressive average daily rate of $298.6 per night, resulting in an average annual revenue of $54.5K per year. These figures highlight the strong demand and lucrative potential of the short-term rental market in Overland Park, making it a viable and profitable investment opportunity.
Short-Term Rental Regulations in Overland Park, Kansas for 2024
Licensing and Registration
- Short-term rental operators must obtain a rental license to operate legally in Overland Park.
- The licensing process involves applying through the city’s official channels and providing necessary documentation.
Compliance with City Ordinances
- Hosts must adhere to city ordinances, including those related to safety, insurance, and neighborhood compatibility.
Building and Housing Standards
- Properties must comply with building and housing standards, including health and fire codes. Regular safety inspections are required to ensure compliance.
Nuisance Party Ordinance
- Overland Park has a nuisance party ordinance that applies to all properties, including short-term rentals. This allows police to shut down parties that meet the "nuisance" criteria, with fines of up to $500.
Community Support and Future Regulations
- A community survey showed that 82% of residents support some kind of licensing system and basic regulations for short-term rentals. The city is currently analyzing policy options and may implement changes in the future.
Taxation
- Hosts of short-term rentals in Overland Park are required to pay transient occupancy taxes, similar to hotel taxes.
Homeowner's Associations
- Homeowner's associations may have more restrictive rules than the city's regulations.
Local Contact and Emergency Information
- Hosts must provide 24/7 local emergency contact information for each property.
Safety Features
- Properties must be equipped with safety features such as smoke and carbon monoxide detectors, properly maintained fire extinguishers, and clearly marked emergency escape routes.
Penalties for Violations
- Violations of regulations can result in fines, inspections, and potential cessation of rental operations.
Top Neighborhoods for Airbnb Revenue in Overland Park, Kansas
1. Downtown Overland Park
- Appeal: Downtown Overland Park is a vibrant and lively community offering diverse dining, shopping, and entertainment options. Guests can enjoy local cuisine at various restaurants and breweries, browse unique boutiques and galleries, or attend performances at the Overland Park Performing Arts Center. The area hosts several festivals and events, such as the Overland Park Fall Festival and the Downtown Overland Park Farmers' Market.
- Revenue Potential: While specific revenue figures for Downtown Overland Park are not provided, its high demand due to amenities and events makes it an attractive location for Airbnb investors.
2. Oak Park
- Appeal: Oak Park is a tranquil and family-friendly neighborhood with excellent schools and convenient access to local amenities. It is well-served by public transportation and is close to major highways like I-35 and I-435, making it easily accessible. The neighborhood's central location and family-friendly environment are significant draws for guests.
- Revenue Data: Average revenue of $33.4K per year, average daily rate of $172.4 per night, and an average occupancy rate of 53%.
3. Brookridge
- Appeal: Brookridge is an upscale neighborhood known for its luxurious mansions, excellent schools, and proximity to local amenities. The neighborhood offers a unique blend of luxury and exclusivity, with meticulously designed homes, lush landscaping, and upscale amenities. It is particularly appealing for high-end rentals and families seeking a luxurious living experience.
- Revenue Data: Average revenue of $43.7K per year, average daily rate of $206.6 per night, and an average occupancy rate of 58%.
These neighborhoods are highly appealing due to their combination of convenience, amenities, and the quality of living they offer, making them prime locations for generating significant Airbnb revenue in Overland Park, Kansas.
Furnishing and Design Tips for an Inviting Airbnb in Overland Park, Kansas
Understanding the Local Vibe
- Overland Park, with its mix of suburban comfort and proximity to Kansas City, attracts a diverse range of guests. Reflect the city's blend of modern functionality and local charm in your design.
Choosing the Right Furniture
- Durable and Easy to Clean: Opt for furniture that is sturdy and easy to maintain, such as sofas with washable covers and dining tables that can withstand wear and tear.
- Comfortable and Functional: Select comfortable, lightweight chairs and consider sofa beds to increase guest capacity.
- Timeless Pieces: Stick to timeless, sturdy furniture that aligns with your theme, avoiding flimsy or low-quality items.
Layout and Space Utilization
- Measure and Plan: Measure your rooms to determine the best layout, ensuring ample space to move around and not blocking natural light sources.
- Smart Storage: Use beds with drawers, wall hooks, pegboards, and stackable containers to boost storage and keep the space tidy.
- Versatile Furniture: Incorporate space-saving furniture like folding tables, ottomans with hidden storage, and sofa beds to adapt to different guest needs.
Amenities and Essentials
- Modern Kitchens: Equip your kitchen with essentials such as a coffee maker, microwave, toaster, and kettle. Ensure the kitchen is fully stocked to anticipate guests' needs.
- Comforting Bedding: Use high-quality, durable bedding. Opt for memory foam mattresses and use mattress covers to extend the life of your mattresses.
- Bath and Toiletries: Provide high-quality towels in neutral colors, basic toiletries, a hairdryer, and a first-aid kit. Ensure ample storage for guests' personal items.
Decor and Style
- Local Charm: Incorporate local and vintage elements to reflect the city's unique style. Consider eclectic and artistic decor, as well as modern amenities.
- Mirrors and Lighting: Use mirrors to make the space feel bigger and brighter. Ensure there are power sockets near mirrors for hair dryers and straighteners.
- Plants and Art: Add plants to liven up the space and consider local art displays to enhance the cultural vibe of the area.
Accessibility and Convenience
- Accessibility Features: Make your Airbnb accessible to guests with disabilities by including features like ramps, wide doorways, and grab bars in bathrooms.
- Proximity to Attractions: Highlight the proximity to local attractions, such as parks, shopping areas, and major highways, to attract a wide range of guests.
Timing and Maintenance
- Off-Season Updates: Plan furniture updates during the off-season or short gaps between bookings to minimize disruption to guests.
- Input from Cleaning Crew: Ensure your cleaning crew is aware of any new furniture or layout changes to maintain the property's cleanliness and organization.
Discover Overland Park, Kansas: Local Attractions and Insider Tips
Things to Do
Outdoor Adventures
- Overland Park Arboretum and Botanical Gardens: Explore 300 acres of natural beauty with 13 gardens, rocky trails, and native grasses. Tip: Allow several hours for strolling and daydreaming.
- Deanna Rose Children’s Farmstead: Let your kids experience frontier farm life. Tip: Don’t miss the catch-and-release pond for some family fishing fun.
Entertainment and Activities
- Topgolf: A modern driving range with comfortable seating, food, and beverage service. Tip: Order the injectable donut holes for a sweet treat.
- iFly Indoor Skydiving: Experience the thrill of skydiving without jumping out of a plane. Tip: Add the “high fly” option for an adrenaline-pumping spin up the wind tunnel.
- Pinstripes: Enjoy premier bowling, bocce, and a bistro. Tip: Dine on the patio next to the fire pit after your game.
- BRKTHROUGH: An interactive game room with over 35 challenges. Tip: Great for groups and team-building activities.
Cultural and Educational Experiences
- Museum at Prairiefire: Home to extinct encounters, including a T-Rex, and other immersive experiences. Tip: A must-visit for families and history buffs.
- Johnson County Arts & Heritage Center: Features live theatrical performances, the Johnson County Museum, and other activities. Tip: Check the schedule for upcoming shows and exhibitions.
- New Theatre Restaurant: Combines great cuisine with star-studded shows. Tip: Ideal for a memorable date night or special occasion.
Shopping
- Oak Park Mall: A traditional indoor mall with a variety of stores. Tip: Convenient for a day of shopping and dining.
- Corbin Park: Offers local fashion and coveted brands in a Tuscan-inspired setting. Tip: Visit for a unique shopping experience.
- Downtown Overland Park: Explore quaint boutiques and local shops. Tip: Check out The General Store & Co for locally made products and Pickwick & Co candles.
Dining and Nightlife
Restaurants
- Strang Hall: Features six restaurants under one roof with diverse cuisines. Tip: Great for groups with different tastes.
- Buffalo State Pizza: Known for its delicious pizza. Tip: Perfect for a casual dinner.
- Taco Naco: Offers a vast menu with various flavor profiles. Tip: Great for taco lovers.
- Buck Tui BBQ: Combines Thai flavors with classic KC barbecue. Tip: Try something unique and delicious.
Coffee and Bakeries
- Upper Crust Pie Bakery: Famous for pies and baked goods. Tip: A must-visit for dessert lovers.
- McLain's Market: Offers decadent pastries and fresh coffee. Tip: Ideal for breakfast or a quick snack.
- Pilgrim Coffee Company: Provides a variety of coffee drinks. Tip: Great for coffee enthusiasts.
Breweries and Wineries
- Brew Lab: Offers private brewing lessons and public classes. Tip: Perfect for beer enthusiasts looking to learn more.
- Aubrey Vineyards: Enjoy wine on the patio. Tip: Great for a relaxing evening.
Insider Tips
- Events and Festivals: Check local event calendars for festivals, live music, and other activities that might interest your guests.
- Public Transportation: Inform your guests about Johnson County Transit (The JO) for easy travel around the city and to downtown Kansas City.
- Local Markets: Recommend the Overland Park Farmers Market for fresh produce and local products.
- Family-Friendly Activities: Highlight the numerous playgrounds and family-friendly attractions like Chicken N Pickle and Scheels Soccer Complex.
By providing these recommendations, you can ensure your guests have a well-rounded and enjoyable experience in Overland Park, Kansas.
Practical Tips to Run a Successful Short Term Rental Business in Overland Park, Kansas
To ensure a smooth and successful short-term rental business in Overland Park, Kansas, several practical tips can be implemented:
Noise Regulations and Quiet Hours
Inform your guests about the noise regulations and quiet hours to maintain a respectful environment for the neighborhood. Overland Park has a nuisance party ordinance, so it is crucial to communicate these rules clearly in your listing and house manual to avoid any potential issues.
Creating a Comprehensive House Manual
Develop 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 outline the house rules, including quiet hours, to ensure guests are well-informed and compliant.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with detailed instructions on how to access the property, along with photos of the lock and any other relevant entry points.
Parking Instructions
Include clear parking instructions with photos in your house manual to avoid confusion. This is particularly important if there are specific parking spots assigned or restrictions in the area.
By implementing these tips, you can enhance the guest experience, reduce potential issues, and maintain compliance with local regulations, ensuring a successful and hassle-free short-term rental business in Overland Park.
Here is a brief list of house cleaning providers in Overland Park, Kansas:
House Cleaning Services in Overland Park, KS
Tidy Up Angels
- Located in Overland Park, KS, servicing parts of the Kansas City Metro.
- Offers recurring cleaning, move-in/move-out cleaning, and home for sale cleaning.
Lulu & Mimi’s Cleaning
- Family-owned and operated in Overland Park, KS.
- Provides recurring cleaning, deep cleaning, construction cleaning, move-in/move-out cleaning, and specialized cleaning services.
MaidPro Overland Park
- Serves Johnson County, including Overland Park, Leawood, Lenexa, Olathe, and more.
- Offers personalized house cleaning services, including weekly, bi-weekly, monthly, or one-time cleanings using a 49-Point Checklist™.
Sunflower Maids
- Based in Overland Park, serving Kansas City and surrounding areas.
- Provides deep cleaning, one-time cleaning, and recurring cleaning services with a focus on eco-friendly practices and high-tech tools.
Molly Maid of Greater Kansas City
- Offers one-time cleaning services, including special event cleaning, seasonal cleaning, move-in/move-out cleaning, and customizable cleaning plans for residents in Overland Park and Kansas City.
Short-Term Rental Management Fees in Overland Park, Kansas
In Overland Park, Kansas, the management fees for short-term rentals 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. In contrast, basic services that may only cover essential administrative tasks can be more affordable. Additionally, property owners may incur extra fees for services like cleaning, repairs, or design enhancements, which can further impact the overall cost of managing a short-term rental property.