In Owasso, Oklahoma, short-term rentals are performing well, with an average occupancy rate of 55%, a daily rate of $199, and a monthly revenue of $13,691, indicating a robust and lucrative market for vacation rentals.
Thriving Short-Term Rentals in Owasso, Oklahoma
Owasso, Oklahoma is experiencing a robust short-term rental market, showcasing strong performance metrics. According to recent data, short-term rentals in Owasso are achieving an impressive 55% occupancy rate, indicating a high demand for these properties. Additionally, these rentals are generating a substantial average daily rate of $199, contributing to a significant monthly revenue of $13,691. This robust occupancy and revenue stream highlight the attractiveness and profitability of short-term rentals in the Owasso area, making it an excellent option for both investors and travelers alike.
Short-Term Rental Regulations in Owasso, Oklahoma for 2024
Overview
While Owasso, Oklahoma, does not have specific laws regulating short-term rentals, hosts must comply with standard housing and rental regulations, as well as some state and local requirements.
Key Regulations
Compliance with Standard Housing and Rental Regulations
- Hosts must maintain the safety and cleanliness of the property.
State Lodging Tax
- Hosts are required to collect a state lodging tax from guests, currently set at 4.5%.
Local and Homeowners Association Rules
- Some residential zones and homeowners associations in Owasso may have their own rules and restrictions regarding short-term rentals. Hosts must ensure compliance with any such local rules.
Seasonal Considerations
- Understand the seasonal trends in demand, with peak season typically from late spring through summer and a brief uptick during the holiday season in December.
No Specific Short-Term Rental License
- Unlike some other cities in Oklahoma, Owasso does not require a specific short-term rental license. However, hosts must adhere to general housing and rental regulations.
Property Maintenance
- Ensure the property complies with fire and safety codes, and maintain basic amenities for guests.
By adhering to these regulations, hosts in Owasso can ensure they are operating their short-term rental properties legally and effectively.
High-Revenue Airbnb Neighborhoods in Owasso, Oklahoma
While specific neighborhood names are not explicitly listed in the sources, here are some insights into the types of areas and amenities that generate the most Airbnb revenue in Owasso, Oklahoma, and why they are appealing to guests:
Neighborhood Characteristics
- Areas Near Local Attractions:
Proximity to attractions like the Bailey Ranch Golf Course and the Mowery Gun Club is highly valued. Neighborhoods close to these sites tend to attract more guests due to their convenience and recreational opportunities.
Family-Friendly Areas:
Neighborhoods with a family-friendly atmosphere, offering amenities such as spacious yards, barbecue facilities, outdoor seating areas, cribs, high chairs, and toys, are highly sought after. These areas cater well to families and groups traveling together.
Newly Developed and Affluent Areas:
- Owasso is known for its new residential real estate and affluent communities. Neighborhoods with newly built homes and higher median household incomes tend to offer more modern amenities and a safer, cleaner environment, which are attractive to guests.
Key Amenities
- Outdoor Amenities:
Properties with spacious yards, barbecue facilities, and outdoor seating areas are highly appealing due to Owasso's reputation for outdoor activities and its climate.
Proximity to Tulsa:
Neighborhoods that offer easy access to Tulsa's downtown area, while still providing the charm of a suburban setting, are particularly attractive. This balance of small-town charm and big-city amenities is a significant draw for guests.
Essential Comfort Amenities:
- Properties equipped with air conditioning and heating systems are essential for guest comfort, given Owasso's hot summers and mild winters.
Seasonal Demand
- Peak Season Areas:
- Neighborhoods that capitalize on the peak season (late spring to summer) by offering amenities aligned with popular events like the Tulsa International Mayfest and the Oklahoma State Fair tend to see higher revenue during these periods.
By focusing on these characteristics and amenities, hosts in Owasso can optimize their properties to attract more guests and generate higher revenue.
Creating an Inviting Airbnb in Owasso, Oklahoma: Design and Furnishing Tips
Reflecting Owasso's Unique Style
To create an Airbnb that stands out in Owasso, Oklahoma, and reflects the city's unique charm, consider the following tips:
1. Local Themes and Colors
Incorporate local themes and colors that resonate with Owasso's community spirit. Use a color palette that includes earthy tones, blues, and whites, which are reminiscent of the Oklahoma plains and skies.
2. Rustic and Modern Blend
Combine rustic elements, such as wooden furniture and natural textiles, with modern amenities to create a cozy yet contemporary space. This blend will appeal to a wide range of guests.
3. Oklahoma-Inspired Decor
Add decorative items that celebrate Oklahoma's culture, such as vintage sports designs, local artwork, or Native American motifs. These elements will give your space a unique and authentic feel.
4. Comfortable and Cozy Furniture
Choose furniture that is both comfortable and stylish. Consider plush sofas, oversized armchairs, and sturdy wooden beds that evoke a sense of warmth and hospitality.
5. Outdoor Spaces
Owasso's pleasant climate makes outdoor spaces a valuable asset. Create inviting outdoor areas with patio furniture, garden decor, and perhaps a small BBQ area to enhance the guest experience.
6. Lighting and Textiles
Use soft lighting and high-quality textiles to create a welcoming atmosphere. Incorporate local fabrics and patterns to add a touch of regional flair to your decor.
7. Personal Touches
Add personal touches such as local books, magazines, and guides to help guests explore Owasso and its surroundings. A welcome basket with local treats can also make a great impression.
8. Technology and Amenities
Ensure your Airbnb is equipped with modern amenities like Wi-Fi, smart TVs, and convenient kitchen appliances. This will make the space appealing to both leisure and business travelers.
9. Sustainability
Incorporate sustainable and eco-friendly elements into your design. This could include energy-efficient appliances, recycled materials, and eco-friendly cleaning products.
10. Guest Feedback
Regularly gather feedback from guests to understand what they love and what could be improved. This will help you refine your design and ensure your Airbnb remains a top choice in Owasso.
By following these tips, you can create an inviting Airbnb that not only reflects Owasso's unique style but also provides a memorable and comfortable stay for your guests.
Discover Owasso, Oklahoma: Local Attractions and Insider Tips
Outdoor Adventures
- Creek Turnpike Trail: A serene trail perfect for walking, jogging, or biking, offering picturesque views of Owasso's natural beauty.
- Robson Ranch Park: Ideal for family picnics and nature walks, featuring picnic shelters, a playground, and walking trails.
- Owasso Sports Park North: A well-equipped facility for various sports like soccer, baseball, and more.
- Bailey Ranch Golf Club: One of the top golf courses in the region, known for its challenging layout and scenic views.
- Oxley Nature Center: Located near Mohawk Park, offering over 800 acres, nine miles of nature trails, and an interpretive center.
Cultural and Historical Insights
- Owasso Historical Museum: Housed in a 1928 converted grocery store, featuring ever-changing displays of city history.
- Mary Glass Performing Arts Center: Hosts a variety of performances, including theatrical plays and music recitals.
Shopping and Local Markets
- Owasso Farmers Market: A seasonal market offering fresh produce, homemade goods, and unique crafts. Held on Saturday mornings from May to September.
- Bless UR Heart Boutique: A unique shopping destination for local and handmade items.
Family and Community Activities
- Funtastic Island: A fun-filled destination for kids, perfect for a day of family entertainment.
- Downtown Redbud Festival Park: A central gathering place with a large lawn, pavilion, and performance stage, hosting events like concerts and the farmer’s market.
- Owasso Family YMCA: Offers youth soccer and baseball fields, a recreational pool with a lazy river, and interactive water toys.
Nearby Attractions
- Tulsa Zoo & Living Museum: Home to over 1,500 animals representing 436 species on 78 acres.
- Oklahoma Aquarium: Features thousands of aquatic and terrestrial animals.
- Tulsa Performing Arts Center: Hosts a diverse range of performances, including Broadway musicals and national headliner concerts.
Insider Tips
- Community Events: Check the local event calendar for festivals, concerts, and community gatherings at Downtown Redbud Festival Park and other venues.
- Local Dining: Recommend popular restaurants like Bricktown Brewery, Andolini’s Pizzeria, and Los Cabos Mexican Grill & Cantina.
- Nature Preserves: Suggest visits to the Mary K. Oxley Nature Center and Redbud Valley Nature Preserve for hiking and nature exploration.
- Sports Enthusiasts: Inform guests about sports facilities like Owasso Sports Park North and the various golf courses available in the area.
- Art and Culture: Point out the over 35 bronze statues scattered throughout the city and the positive character trait banners, adding to Owasso's unique charm.
By sharing these attractions and tips, your guests will have a comprehensive guide to enjoying the best of what Owasso, Oklahoma, has to offer.
Practical Tips to Run a Successful Short Term Rental Business in Owasso, Oklahoma
To ensure the success and smooth operation of a short-term rental business in Owasso, Oklahoma, several practical tips can be implemented. First, it is crucial to address noise regulations by informing guests about quiet hours to maintain a respectful environment for both the guests and the neighborhood. This can be clearly outlined in a digital and physical house manual that includes essential instructions, Wi-Fi passwords, and other important details.
Creating a comprehensive house manual helps in setting clear expectations and reduces the likelihood of misunderstandings. Additionally, simplifying the check-in process using smart locks can enhance guest convenience and reduce the need for physical key exchanges. Providing detailed parking instructions accompanied by photos can also help guests navigate the property easily, avoiding potential issues.
By adhering to these tips, hosts can optimize their property management, ensure compliance with local regulations, and offer a high-quality experience for their guests, ultimately leading to positive reviews and repeat bookings.
Here is a brief list of house cleaning services in Owasso, Oklahoma:
House Cleaning Services in Owasso, OK
MaidPro
- Offers weekly, bi-weekly, or one-time house cleaning services tailored to your needs.
Custom Maid
- Provides personalized maid services for residential and small businesses in Owasso and surrounding areas.
Molly Maid of Greater Tulsa
- Offers quality cleaning services for homes and commercial spaces in Owasso.
Bliss Maid Services
- Provides deep cleaning, one-time cleaning, and recurring cleaning services.
Additional Options
- Various other affordable house cleaning services listed on Care.com, with rates starting at $16.50/hr.
Short-Term Rental Management Fees in Owasso, Oklahoma: A Comprehensive Guide
In Owasso, Oklahoma, the fees for managing 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 companies, which handle guest communication, marketing, and maintenance, usually charge fees at the higher end of this spectrum, often between 20% to 25% of the rental income.
Basic service packages, which may include fewer amenities and less hands-on management, tend to be less expensive. Additionally, hosts may incur extra fees for services such as cleaning, repairs, and design enhancements. For instance, some management companies charge a separate cleaning fee, which they pass on to the guests, while others may include it in their overall management fee.
Understanding these fee structures is crucial for property owners to ensure they maximize their revenue while maintaining compliance with local regulations and providing a high-quality experience for their guests.