Airbnb & VRBO Performance in Oxford Mississippi.

Short-Term Rental Regulations in Oxford, Mississippi for 2024

Overview of Regulations

The following regulations are part of the ordinance under consideration by the Oxford City Council to govern short-term rental properties within the city.

Key Regulations

Licensing and Permits

• Short-term rental properties must obtain a business license and necessary permits.

Zoning Restrictions

• Properties operating as short-term rentals in residential districts cannot be within 1,500 linear feet of another short-term rental property.

Occupancy and Parking

• Occupancy is limited to the number of available parking spaces, with adequate parking for every two adults counting toward the occupancy limit. Parking spaces must be provided on driveways or within a parking area on the property.

Minimum Rental Period

• Properties cannot be rented for a period of fewer than 24 hours.

Safety Requirements

• Properties must pass inspections with the fire department and have emergency contact information posted. Fire extinguishers and other safety measures are mandatory.

Insurance

• A minimum of $1 million in liability and personal injury insurance is required.

Taxation

• Short-term rentals are subject to the city's 8% rental lodging tax, similar to hotels in the area.

Community Impact

• Regulations aim to maintain neighborhood integrity and ensure residents are comfortable with the presence of short-term rentals.

Compliance and Enforcement

• Fines ranging from $100 to $500 will be imposed on owners who do not comply with the ordinance.

Additional Requirements

• Hosts must ensure guest awareness of city ordinances, particularly those regarding noise, and may need to designate a local property manager for guest inquiries.

By adhering to these guidelines, hosts in Oxford, Mississippi, can operate short-term rentals in a manner that respects both the community and the visitors.

Top Airbnb Revenue-Generating Neighborhoods in Oxford, Mississippi

1. Downtown Oxford / The Square

• Appeal: Located adjacent to the Historic Square, this area is highly appealing due to its proximity to restaurants, bars, shops, and cultural attractions. Guests can easily access popular spots like The Graduate Hotel, The Beacon, and various local eateries.
• Revenue: Properties here tend to have high occupancy rates and daily rates, making them highly profitable for Airbnb investors.

2. Neighborhoods Near Ole Miss Campus

• Appeal: These neighborhoods, such as those around mTrade Park and The Grove, are highly sought after due to their close proximity to the University of Mississippi. This makes them ideal for parents, alumni, and academics visiting for university events.
• Revenue: The consistent influx of visitors for university events drives high demand and occupancy rates, contributing to significant revenue.

3. Areas Around FNC Park and Oxford's Renowned Restaurants

• Appeal: Neighborhoods that offer a mix of modern luxuries and vintage charm, with easy access to FNC Park and Oxford's renowned restaurants, are very attractive. These areas provide a true vacation experience with amenities like updated kitchens, open concept living rooms, and peaceful bedrooms.
• Revenue: The combination of convenience, amenities, and aesthetic appeal ensures high occupancy rates and revenue.

4. New Neighborhoods with Modern Designer Finishes

• Appeal: New neighborhoods with beautiful homes and modern designer finishes are highly appealing due to their cleanliness, quiet atmosphere, and fast WiFi. These areas are often close to popular spots like Handy Andy, Volta, and Big Bad Breakfast.
• Revenue: The modern amenities and prime locations make these properties highly sought after, leading to strong revenue generation.

5. Areas with Easy Access to The Grove and Game Day Activities

• Appeal: Neighborhoods that offer easy walking distance to The Grove and other game day activities are particularly appealing during peak event seasons. Properties like Suite Magnolia, which are newly renovated and fully furnished, cater well to this demand.
• Revenue: The high demand during game days and other university events ensures these properties generate substantial revenue.

These neighborhoods in Oxford, Mississippi, are highly attractive to guests due to their proximity to key attractions, modern amenities, and the vibrant cultural and academic atmosphere, making them prime locations for generating significant Airbnb revenue.

Furnishing and Design Tips for an Inviting Airbnb in Oxford, Mississippi

Understanding Oxford's Unique Style

Oxford, Mississippi, is known for its charming southern atmosphere, historic architecture, and vibrant cultural scene. When furnishing your Airbnb, it's essential to reflect this unique style to create an inviting space for your guests.

Tips for Furnishing and Design

1. Choose Timeless and Durable Furniture

Opt for sturdy, timeless pieces that can withstand the wear and tear of frequent guests. Avoid flimsy or low-quality furniture, especially for high-traffic areas like the living room and dining area.

2. Select Furniture with Smart Storage

Incorporate furniture with built-in storage, such as beds with drawers, wall hooks, and stackable containers. This helps keep the space tidy and provides guests with designated spots for their personal items.

3. Maintain a Consistent Theme

Stick to a theme that reflects Oxford's southern charm. Use neutral colors and classic designs that evoke a sense of warmth and hospitality. Ensure consistency in your decor to create a cohesive look.

4. Optimize Layout for Natural Light and Space

Measure your rooms carefully and arrange furniture to maximize natural light and space. Avoid blocking windows and ensure there is ample room for guests to move around comfortably.

5. Provide Essential Amenities

Equip your kitchen with essentials like a coffee maker, microwave, toaster, and kettle. Also, provide basic toiletries, a hairdryer, and a first-aid kit to enhance the guest experience.

6. Use Mirrors to Enhance Space

Mirrors can make your Airbnb feel bigger and brighter. Place them strategically to reflect natural light and create the illusion of more space.

7. Consider Guests with Disabilities

Make your Airbnb accessible by including features like ramps, wide doorways, and grab bars in bathrooms. This can significantly enhance the guest experience for those with disabilities.

8. Choose Practical and Easy-to-Clean Materials

Select furniture with washable covers, especially for sofas and chairs. Avoid real and faux leather as they are difficult to maintain. Opt for high-quality, durable towels in neutral colors that can be bleached.

9. Enhance with Local Touches

Add local recommendations and welcome packages to give your guests a true Oxford experience. This could include information about local attractions, restaurants, and cultural events.

10. Timing of Updates

Plan furniture updates during the off-season or short gaps between bookings to minimize disruption. This ensures your property remains in top shape for guests without impacting bookings.

By following these tips, you can create an inviting and uniquely styled Airbnb in Oxford, Mississippi, that reflects the city's charm and meets the needs of your guests.

Discover Oxford, Mississippi: Local Attractions and Insider Tips

Local Attractions

Historic Downtown Square

• Explore Oxford's historic downtown Square, voted one of the best in the country, featuring restaurants, bars, bookstores, boutiques, and the iconic Lafayette County Courthouse.

Cultural Venues

• The Lyric: A live music venue and former livery stable for William Faulkner’s family, now hosting musical guests from across the nation.
• Gertrude Castellow Ford Center for the Performing Arts: Hosts symphony performances, operas, musicals, plays, and more on the University of Mississippi's campus.
• Thacker Mountain Radio: Attend a live taping of this radio show at Off Square Books, featuring author readings and musical guests.

Museums and Historic Sites

• University of Mississippi Museum: Features diverse collections including the Seymour Lawrence Collection of American Art, Greek and Roman antiquities, and the Millington-Barnard Collection of Scientific Instruments.
• Rowan Oak: The historic home of Nobel Prize-winning author William Faulkner, managed by the University of Mississippi Museum.
• Walton-Young Historic House: A Victorian-era home showcasing a typical middle-class family’s life in the late 19th century.
• L.Q.C. Lamar House Museum: A Greek revival home built in 1869, dedicated to the life of Lucius Quintus Cincinnatus Lamar.
• Burns-Belfry Museum: A museum honoring African American history from slavery through the Civil Rights Movement.

Outdoor Activities

• Sardis Lake: A tranquil reservoir perfect for boating, kayaking, or a stroll along the lakeshore.
• Lamar Park: Features the Yokna Sculpture Trail and a serene lake, ideal for picnics and walks.
• South Campus Rail Trail: A network of tree-lined pathways offering a peaceful nature escape.

Shopping and Dining

• Rebel Rags: A shop filled with Ole Miss memorabilia, perfect for fans.
• Square Books: An independent bookstore with sister stores Off Square Books and Square Books Jr..
• Ajax Diner: Known for its Southern cuisine and as a favorite of Eli Manning.
• City Grocery: An acclaimed restaurant by Chef John Currence, offering fine dining with a Southern twist.

Insider Tips

Festivals and Events

• Attend one of the many festivals, including blues festivals, or experience the vibrant tailgating culture at Ole Miss football games in the Grove.

Local Favorites

• Take a shot of whiskey at William Faulkner’s grave for a unique experience.
• Visit the Graduate Hotel to see its collegiate-themed decor and pink hardwood floors.

Hidden Gems

• Explore the Bailey Woods Trail, a heavily wooded trail linking Rowan Oak to the University of Mississippi Museum.
• Check out the Sweet Tea Recording Studio, where several notable musicians have recorded albums.

Community Engagement

• Join a live taping of Thacker Mountain Radio at Off Square Books for a mix of author readings and musical performances.

By sharing these local attractions and insider tips, your Airbnb guests will have a comprehensive guide to experiencing the best of Oxford, Mississippi.

Practical Tips to Run a Successful Short Term Rental Business in Oxford, Mississippi

To ensure the success and smooth operation of a short-term rental business in Oxford, Mississippi, several key practices should be implemented:

Noise Regulations and Guest Communication

Inform guests about the city's noise regulations and quiet hours to avoid any potential issues. Oxford has specific noise and occupancy restrictions, so it is crucial to communicate these rules clearly in your listing and through a welcome message or house manual.

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 helps guests navigate the property easily and reduces the need for frequent host interventions.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide detailed check-in instructions, including photos of the property entrance and any specific steps guests need to follow.

Parking Instructions

Ensure that parking instructions are clear and accompanied by photos. This helps guests understand where they can park and how to access the property, reducing confusion and potential parking issues.

By adhering to these tips, you can enhance guest satisfaction, comply with local regulations, and maintain a well-organized and efficient short-term rental operation in Oxford, Mississippi.

Here is a brief list of house cleaning providers in Oxford, Mississippi:

House Cleaning Services

Oxford Cleaning Company

• Offers customized cleaning plans for homes and offices
• Team of bonded and insured cleaning professionals
• Emphasizes customer satisfaction and uses a wide array of cleaning solutions
• Located at 85c County Road 104, Oxford, MS 38655.

Simply Clean Oxford

• Provides premier home and office cleaning services
• Uses non-toxic cleaning solutions
• Rigorously vets cleaning professionals for honesty, professionalism, and quality
• Offers easy online booking and payment options
• Located in Oxford, MS.

Delta Maids

• Offers residential and commercial cleaning services
• Serves Oxford, MS, and surrounding areas
• Voted #1 cleaning service in the Delta for multiple years
• Provides quotes and various articles on choosing the right cleaning service
• Located in Oxford, MS.

Additional Options

• There are also several individual house cleaning services listed on Care.com, including providers like Janna C., Beverly, and Kelli T., among others, located in various parts of Oxford, MS.

Oxford, Mississippi Short-Term Rental Management Fees: A Comprehensive Guide

In Oxford, Mississippi, short-term rental management fees 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 everything from guest communication and marketing to maintenance and property inspections, tend to charge fees on the higher end of this spectrum, often between 20% to 30% of the rental income.

Basic services, such as listing and booking management, may incur lower fees. Additionally, property owners may need to consider extra costs for services like professional cleaning, repairs, and design enhancements. These additional fees can add to the overall expense but are often crucial for maintaining the property's condition and attracting high-quality guests. By understanding these fee structures, property owners in Oxford can make informed decisions to optimize their rental income and enhance the guest experience.