Airbnb & VRBO Performance in Saratoga Springs New York.

Short-Term Rental Regulations in Saratoga Springs, New York for 2024

Key Regulations

Registration and Permitting

• Property owners must register their short-term rental with the city and obtain a permit to operate legally.
• The permit fee is $1,000 for a two-year period, although fees may vary depending on the type of property (e.g., $100 for primary residences, $500 for non-primary residences, and $11,000 for multiple properties or commercial zones).

Required Documentation

• Proof of property ownership.
• Proof of $1 million liability insurance.
• A fire safety inspection report (required annually, with a separate fee).

Additional Requirements

• Floor plans of the short-term rental unit.
• Local contact information for a property manager available 24/7.
• Agreement to collect and remit all applicable state, county, and city occupancy taxes from short-term rental guests.

Operational Restrictions

• Short-term rentals under 28 days are currently not allowed but will be legalized under the new regulations.
• Homeowners may not lease their primary residences for more than 150 days in a calendar year.

Compliance and Enforcement

• The city will invest in software to monitor short-term rental listings and enforce compliance. Unregistered or non-compliant properties may face fines, and permits can be revoked for violations.
• A registration number must be included on all short-term rental listings and advertisements.

Public Hearings and Implementation

• A public hearing on the proposed legislation was scheduled for November 19, 2024, with another hearing set for December 3, 2024.
• The proposed start date for the new regulations is July 1, 2024, with a 60-day grace period.

High-Revenue Airbnb Neighborhoods in Saratoga Springs, New York

1. Downtown Saratoga Springs

• Appeal: Downtown Saratoga Springs is a hub of activity, offering easy access to shops, restaurants, and cultural attractions. Guests are drawn to its vibrant atmosphere, historic architecture, and proximity to key landmarks like Congress Park and the Saratoga Farmers Market.
• Revenue Potential: High demand due to its central location and amenities, contributing significantly to the overall Airbnb revenue in the area.

2. Saratoga Race Course Area

• Appeal: This area is particularly popular during the racing season, attracting visitors who come to enjoy the horse racing events. The proximity to the race course, along with nearby amenities and dining options, makes it an attractive location for guests.
• Revenue Potential: Peak season demand, especially during racing events, drives up revenue for Airbnb hosts in this area.

3. Saratoga Spa State Park Area

• Appeal: Guests are attracted to the natural beauty and recreational opportunities offered by Saratoga Spa State Park. The area provides a serene and scenic environment, making it ideal for those seeking a mix of nature and city amenities.
• Revenue Potential: The park's popularity among tourists and locals alike ensures a steady stream of bookings, contributing to higher revenue for Airbnb hosts.

4. Fish Creek and Surrounding Areas

• Appeal: Fish Creek offers a more residential and family-friendly environment, with easy access to parks and outdoor activities. Guests appreciate the quiet, yet convenient, location.
• Revenue Potential: Consistent demand from families and travelers seeking a quieter stay contributes to the revenue generated in this area.

5. Yaddo Gardens and Nearby Neighborhoods

• Appeal: Yaddo Gardens is a historic and culturally significant site, attracting visitors interested in art, history, and nature. The surrounding neighborhoods offer a charming and historic setting.
• Revenue Potential: The unique cultural and historical appeal of Yaddo Gardens and its surroundings ensures a steady flow of guests, particularly those interested in cultural experiences.

These neighborhoods are highly appealing due to their unique blend of historical significance, natural beauty, and access to amenities, making them prime locations for generating significant Airbnb revenue in Saratoga Springs.

Practical Tips for Running a Successful Short-Term Rental Business in Saratoga Springs, New York

To successfully navigate the regulations and enhance the guest experience in Saratoga Springs, several practical tips can be implemented:

Noise Regulations and Guest Communication

Ensure compliance with noise regulations by informing guests about quiet hours through clear communication in your listing and a welcome message. This helps maintain neighborhood cohesion and avoids potential fines.

Comprehensive House Manual

Create both digital and physical house manuals that include essential instructions, Wi-Fi passwords, and other important details. This manual should be easily accessible to guests, reducing the need for frequent inquiries and ensuring a smooth stay.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with detailed check-in instructions and a unique access code to ensure a hassle-free arrival.

Parking Instructions with Photos

Include detailed parking instructions accompanied by photos to help guests understand where and how to park. This reduces the risk of parking-related issues and enhances the overall guest experience.

By implementing these strategies, you can not only comply with the city's regulations but also provide a welcoming and well-organized environment for your guests, ultimately leading to positive reviews and repeat bookings.

Here is a brief list of house cleaning, and related service providers in Saratoga Springs, New York:

House Cleaning Services

Bethany's Cleaning Service

• An owner-operated company providing one-on-one customer attention and immaculate results for homes, offices, vacation rentals, and post-construction cleaning. Also offers professional organization services.

Care Clean of Saratoga

• Specializes in residential and commercial cleaning, including new construction cleaning, apartment cleanout services, and customized office cleaning plans. Offers free estimates and reasonable pricing.

April Fresh Cleaning, Inc.

• A locally owned company providing residential and commercial cleaning services, including carpet, upholstery, tile, and grout cleaning. Known for dependable and thorough service with a 100% guarantee.

Other Related Services

Boxley's Services, Inc.

• Offers cleaning services for homes, cars, and businesses, with a focus on bringing a high level of shine to their work.

Creative Cleaning Solutions, LLC

• A full-service commercial cleaning company with over 30 years of experience serving the greater Saratoga area.

Sparkle, Glisten & Shine, Inc.

• Provides various cleaning services, though specific details are not listed.

These providers offer a range of cleaning and related maintenance services in the Saratoga Springs area.

Short-Term Rental Management Fees in Saratoga Springs, New York

In Saratoga Springs, New York, the fees for short-term rental management can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management companies, such as MasterHost, offer comprehensive services including guest communication, marketing, price optimization, and property maintenance, which usually come with higher fees, often around 12% to 15% per booking.

On the other hand, basic service packages may incur lower fees, starting at around 10% per booking. Additional costs can include fees for cleaning, repairs, and interior design improvements, which are crucial for maintaining a high-quality guest experience and maximizing revenue. For instance, MasterHost's services include professional photography, 24/7 guest support, and Airbnb concierge services, all of which contribute to the overall fee structure.