In Rutland, Vermont, the short-term rental market is seeing structured growth and regulation, with new ordinances and tax measures in place to ensure compliance and support local development, while also accommodating a rising demand for vacation rentals.
Thriving Short-Term Rentals in Rutland, Vermont: Strong Occupancy and Revenue
Rutland, Vermont, is experiencing a robust performance in its short-term rental market. According to recent data, short-term rentals in Rutland boast an average occupancy rate of 42%, indicating a high demand for these accommodations. The average daily rate for these rentals stands at $319, contributing to a substantial monthly revenue of $27,304. This strong performance is further highlighted by the growth in active listings, which have increased by 8% over the past year. With a dominant presence of entire home rentals (90%) and a well-distributed mix of rental sizes, Rutland's short-term rental market is attracting both investors and travelers, making it an appealing destination for those looking to capitalize on the vacation rental sector.
Short-Term Rental Regulations in Rutland, Vermont for 2024
State and Local Regulations
State-Level Regulations
- Registration with Vermont Department of Taxes: All short-term rental operators must obtain a Vermont meals and rooms tax account number, which must be included in any advertisements for the rental.
- Tax Collection: Operators must collect a 9% Rooms Tax, a new 3% surcharge effective August 1, 2024, and any applicable 1% Local Option Tax. These taxes must be remitted using Form MRT-441.
- Safety Compliance:
- Complete the 'Short Term Rental Safety, Health and Financial Obligations' form and display it inside the rental property.
- Adhere to state fire safety and life safety codes, including having operable emergency exit windows and functional smoke and carbon monoxide alarms.
- Information Posting: Post contact details for the person responsible for maintenance and contact information for the Department of Health and the Department of Public Safety's Division of Fire Safety within the rental unit.
Local Regulations in Rutland
- Short-Term Rental Ordinance:
- Adopted by the Select Board of the Town of Rutland on February 27, 2024, this ordinance establishes operating guidelines for short-term rentals.
- Sections of the Ordinance:
- Section 1: Authority
- Section 2: Purpose
- Section 3: Definitions
- Section 4: Short Term Rental Registration and Fees
- Section 5: Annual Report
- Section 6: Regulatory Requirements and Prohibited Activities
- Section 7: Enforcement, Penalties, and Other Relief
- Section 8: Revocation or Denial of Permit
- Section 9: Severability
- Section 10: Adoption and Effective Date.
- Registration and Fees: Short-term rental operators must register their properties and pay associated fees as outlined in the ordinance.
- Annual Report: Operators are required to submit an annual report as specified in the ordinance.
- Enforcement and Penalties: The ordinance includes provisions for enforcement, penalties, and other relief for non-compliance.
- Revocation or Denial of Permit: The town has the authority to revoke or deny permits for non-compliance with the ordinance.
Additional Requirements
- Citizens’ Right to Petition: Voters of the Town of Rutland have the right to petition for a town vote to disapprove the ordinance, which must be signed by at least 5% of the qualified voters and presented by April 11, 2024.
- Local Permits or Registrations: Check with the local government for any additional permits or registrations required by local zoning laws.
Contact Information
For additional information, contact Bill Sweet, Town Administrative Assistant at 181 Business Route 4, Center Rutland, VT 05736 or by calling 802-773-2528 during regular office hours.
Top Neighborhoods for Airbnb Revenue in Rutland, Vermont
1. Downtown Rutland
- Appeal: Guests love the central location, which offers easy access to restaurants, bars, movie theaters, grocery stores, bus and train depots, and Walmart. Properties like "Home Sweet Grove Street" and "Home Sweet Home" are highly rated for their proximity to these amenities and the convenience of walking to various local attractions.
2. Rutland City Center (Near Elm Street)
- Appeal: This area is popular due to its close proximity to downtown Rutland, making it ideal for guests who want to be near the heart of the city. Rentals such as the "Elm Street House" are favored for their location and modern amenities.
3. West Rutland
- Appeal: Guests are attracted to West Rutland for its scenic views and convenient access to outdoor activities. The "Mountain View Apartment" is a favorite, offering mountain views, a peaceful setting, and easy access to skiing and hiking trails.
4. Pittsford
- Appeal: Located near Rutland, Pittsford is appealing due to its historic charm and proximity to skiing areas like Killington and Pico. "Norm's Place" is a highly-rated option, offering a newly renovated private unit close to recreational activities and local breweries.
5. Castleton
- Appeal: Castleton attracts guests with its beautiful lakefront properties and historic homes. Rentals like the "Lake Bomoseen Bungalow" and "Hydeville Hideaway" are popular for their lake views, kayaking opportunities, and close proximity to Castleton University.
Why These Neighborhoods Are Appealing:
- Central Location: Easy access to downtown amenities, restaurants, and shops.
- Proximity to Outdoor Activities: Close to skiing areas like Killington, Pico, and Okemo, as well as hiking trails and lakes.
- Historic Charm: Many properties are located in historic homes or areas, offering a unique and authentic experience.
- Modern Amenities: Many rentals are newly renovated and equipped with modern amenities such as fully stocked kitchens, Wi-Fi, and air conditioning.
- Scenic Views: Properties often offer beautiful mountain or lake views, enhancing the guest experience.
Furnishing and Design Tips for an Inviting Airbnb in Rutland, Vermont
Define Your Property's Aesthetic
- Align your property's aesthetic with the local market and price tier. In Rutland, Vermont, rustic, cozy, and natural elements are highly appreciated, reflecting the area's natural beauty and Vermont's classic style.
Choose High-Quality Furniture
- Invest in high-quality furniture that combines comfort with style. Avoid cheap, generic pieces that may need frequent replacement. Instead, opt for durable, stylish items that enhance guest satisfaction.
Incorporate Local and Natural Elements
- Use wooden furniture, vintage furnishings, and warm color palettes to create an inviting atmosphere that blends seamlessly with the surrounding nature. Incorporating local art and handmade furnishings can further enhance the ambiance and reflect the locality.
Focus on Functionality and Comfort
- Ensure that your Airbnb is well-equipped with modern comforts such as well-equipped kitchens, Wi-Fi, and cozy fireplaces. These amenities are crucial for guest satisfaction, especially in a region known for its outdoor activities and natural beauty.
Enhance Outdoor Spaces
- Provide spacious outdoor areas for guests to enjoy the scenic views. This could include patios, decks, or access to nearby hiking trails and recreational activities.
Select Statement Pieces Wisely
- Invest in statement pieces such as couches, coffee tables, and dining room tables that define the space. These pieces should be of high quality and reflect the local aesthetic to create a memorable experience for guests.
Protect Your Furniture
- Implement measures to protect your furniture from wear and tear. This includes using durable materials, adding protective covers, and setting clear house rules to maintain the condition of your furnishings.
Consider Seasonal Decor
- Adapt your decor to reflect the changing seasons. For example, add warm and cozy elements during winter months and lighter, fresher decor during the summer. This helps keep the space inviting and relevant to the current season.
Ensure Proximity to Local Attractions
- Choose neighborhoods that are close to key attractions and outdoor activities. Areas near ski resorts, hiking trails, and local community hubs are highly sought after by guests.
Balance Modern and Traditional Styles
- Mix modern touches with traditional designs to cater to a range of guest preferences. This balance can create a unique and welcoming environment that stands out in the vacation rental market.
Discovering Rutland, Vermont: Local Attractions and Insider Tips
Local Attractions
Cultural and Historical Sites
- Paramount Theatre: A historic 1912 theatre hosting national and world-renowned performances in a Victorian-era opera house setting.
- Wilson Castle: Located in nearby Proctor, this castle features 13 fireplaces, 84 stained glass windows, and 32 rooms. Open from May through October for guided tours.
- Rutland Downtown Historic District: Explore the historic architecture and murals in downtown Rutland, with many buildings listed on the National Register of Historic Places.
Art and Galleries
- Downtown Art Walking Tour: Discover vibrant murals and marble sculptures created by local, national, and international artists.
- Chaffee Art Center: Features local artistic talent and hosts the popular Art in the Park series.
Family-Friendly Activities
- Wonderfeet Kids' Museum: Interactive exhibits designed for children to learn through play.
- Pine Hill Park: Offers mountain biking, hiking, and other outdoor recreation activities, including a skatepark.
Outdoor Adventures
- Green Mountain National Forest: Provides unlimited recreation opportunities including hiking, biking, cross-country skiing, and hunting.
- Killington Ski Resort: Known as the “Beast of the East,” offering skiing, snowboarding, mountain biking, and more.
- Pico Mountain: Offers skiing and snowboarding with 19 miles across 57 trails.
- Taconic Mountains Ramble State Park: Features a Japanese garden, sweeping views, and various outdoor activities.
Unique Experiences
- Pyramid Holistic Wellness Center: Offers a salt cave experience, guided meditations, sound and light rooms, and more.
- Rutland Free Library: Check out books, DVDs, audio files, state park passes, and enjoy free community programming.
Insider Tips
Events and Festivals
- Friday Night Live: A free outdoor concert series in downtown Rutland featuring local food and art vendors during July, August, and September.
- Art in the Park: A summer and fall series at the Chaffee Art Center.
- Rutland Winter Fest: Enjoy winter activities and festivities in the city.
Shopping and Local Products
- Rocking Horse Country Store: A must-visit for local Vermont products and handcrafted items.
- Vermont Farmers Market: Find fresh local produce, crafts, and specialty products in Rutland City or Fair Haven.
Dining and Local Flavors
- Crowley Cheese Factory Store: Sample handmade cheese in Mount Holly, VT.
- Baird Farm: Tour a sugarhouse and sample pure Vermont maple syrup in North Chittenden, VT.
Transportation
- Local Transportation Options: Use car rental services, taxi services, or bus services like Marble Valley Regional Transit District to get around.
By sharing these attractions and insider tips, you can help your guests make the most of their visit to Rutland, Vermont, and experience the city's rich culture, history, and natural beauty.
Practical Tips to Run a Successful Short-Term Rental Business in Rutland, Vermont
To ensure a successful and hassle-free short-term rental business in Rutland, Vermont, several key practices can be implemented. Here are some practical tips:
Noise Regulations and Quiet Hours
Inform your guests about the local noise regulations and quiet hours to maintain a peaceful environment for both the guests and the neighbors. Include this information in your digital and physical house manual to avoid any misunderstandings.
Comprehensive House Manual
Create a detailed digital and physical house manual that includes essential instructions, Wi-Fi passwords, and other important information. This manual should cover everything from how to use appliances to emergency contact numbers, ensuring guests have a smooth and comfortable stay.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide clear instructions on how to use the smart locks and ensure that guests receive all necessary access codes in advance.
Parking Instructions with Photos
Include detailed parking instructions in your house manual, accompanied by photos to help guests identify the correct parking areas. This can prevent confusion and potential parking issues, especially in areas with limited parking spaces.
By implementing these strategies, you can enhance guest satisfaction, reduce potential issues, and maintain a positive reputation for your short-term rental business in Rutland, Vermont.
Here is a brief list of house cleaning, repair, and maintenance providers in Rutland, Vermont:
House Cleaning Services
DePoy's Mountain Kleen, Inc
- Offers residential cleaning and janitorial services, including vacuuming, dusting, cleaning hardwood and vinyl flooring, and sanitizing bathrooms and kitchens.
- Specializes in cleaning condos and rental homes.
- Located at 145 Stratton Rd, Rutland, VT 05701.
After Hours Cleaning Service, Inc
- A local family-owned commercial cleaning service serving Rutland area businesses for over 20 years.
- Focuses on commercial cleaning.
Simply Clean, LLC
- An environmentally friendly, full-service cleaning company serving the Greater Rutland County region.
- Offers chemical-free cleaning, carpet shampooing, window cleanings, spring cleanings, and other specialized services.
- Fully insured with background-checked employees.
Various House Cleaning Services Listed on Care.com
- Includes multiple individual cleaners and services such as Jessica D., Cassandra T., and Donna L., among others.
- Average rate of $27/hr, with services rated 5.0 out of 5 stars based on 17 reviews.
Vermont Keep It Clean
- A locally owned, professional cleaning company with over 20 years of experience.
- Offers quality commercial cleaning services.
Additional Notes
- For more detailed information on rates, services, and specific offerings, it is advisable to contact each provider directly or visit their respective websites.
Short-Term Rental Management Fees in Rutland, Vermont: A Comprehensive Guide
In Rutland, Vermont, managing a short-term rental property 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, which includes guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often starting at around 20% of the revenue.
Basic services, such as listing and booking management, may be available at a lower cost. Additionally, hosts may need to account for other fees, including cleaning fees, repair costs, and design or amenity maintenance, which can be charged separately or included in the overall management fee. For instance, some management companies charge a consumables fee to cover items like linens, toiletries, and light bulbs.
It is also important to note that hosts in Rutland must comply with local regulations, including registering the property, collecting and remitting a 9% rooms and meals tax, and a new 3% short-term rental surcharge effective August 1, 2024.