Shreveport, Louisiana, boasts a thriving short-term rental market, driven by its rich cultural events, vibrant festivals, and attractive amenities, which collectively ensure high occupancy rates and premium pricing, particularly during the peak season from late February through the summer months.
Thriving Short-Term Rental Market in Shreveport, Louisiana
Shreveport, Louisiana, is experiencing a robust and vibrant short-term rental market, driven by the city's unique blend of Southern charm, casino nightlife, and outdoor activities. The peak season, which begins in late February with Mardi Gras celebrations and extends through the summer months, sees higher occupancy rates and allows hosts to charge premium prices. During these periods, occupancy rates are significantly higher, reflecting the city's appeal to tourists and business travelers alike. While specific average daily rates are not provided, the market's strong demand, particularly for properties with amenities like fully equipped kitchens, outdoor spaces, and proximity to local attractions, indicates a lucrative environment for short-term rental investors. Even during the off-peak winter months, the holiday season brings a brief but welcome uptick in bookings, highlighting the consistent appeal of Shreveport as a destination.
Short-Term Rental Regulations in Shreveport, Louisiana for 2024
Licensing and Permits
- All short-term rentals must obtain a permit, either 'Type A' for renting part of a dwelling or 'Type B' for renting an entire dwelling. Permits expire after 2 years and have renewal fees.
- Type A permits require the STR to be the host's primary residence, proven by a homestead exemption. Type B permits are subject to a 500 ft spacing rule from other Type B STRs.
Fees and Taxes
- Permit fees are $150 for Type A and $300 for Type B, plus a $50 technology fee. Renewals cost the same and are required every 2 years.
- Hosts must collect and remit sales and occupancy taxes, with Airbnb collecting some taxes on behalf of hosts in Louisiana.
Zoning and Property Eligibility
- STRs are only allowed in certain residential zones, including single-family detached homes, townhomes, condos, duplexes, and accessory dwelling units. Mobile homes, RVs, and multi-family apartments with 3+ units are prohibited.
Safety and Operational Requirements
- Properties must meet all safety and operational requirements, including working smoke alarms, fire extinguishers, and posted emergency information.
- Ensure one on-site parking space per bedroom rented and comply with off-street parking requirements.
Occupancy Limits
- Maximum occupancy limits are based on the number of bedrooms (2 per bedroom + 2).
Nuisance and Event Restrictions
- No nuisances, parties, events, or illegal activity are allowed. Quiet hours are enforced from 10 pm to 7 am.
Compliance and Enforcement
- Permit number must be on all listings and advertisements. Hosts must designate a local contact person available 24/7 and keep a guest register with names and dates of stay.
- Violations are subject to fines starting at $500 per offense per day. Three or more violations can result in permit revocation.
Insurance Requirements
- Hosts must have STR property insurance with at least $1,000,000 in liability coverage.
Registration and Documentation
- Hosts must create an account on the Rentalscape system, enter property details, and upload required documents to obtain a permit.
- Maintain guest registration records, including dates of occupancy, guest numbers, and rates.
Top Airbnb Revenue-Generating Neighborhoods in Shreveport, Louisiana
1. Highland
- Average Revenue: $38,000 per year
- Average Daily Rate: $216.9 per night
- Average Occupancy Rate: 48%
- Average RevPAR: $106.1
Highland is appealing due to its prime location near major thoroughfares like I-49 and Kings Highway, providing easy access to downtown Shreveport, local universities, and regional attractions. The neighborhood offers a vibrant cultural scene, diverse architectural styles, and a variety of dining, shopping, and entertainment options within walking distance or a short drive.
2. Hyde Park
- Average Revenue: $33,800 per year
- Average Daily Rate: $171.3 per night
- Average Occupancy Rate: 54%
- Average RevPAR: $93.6
Hyde Park attracts guests with its historic charm, tree-lined streets, and diverse architectural styles. The neighborhood is close to key attractions and offers a blend of affordability and potential for growth, making it an attractive option for short-term rental investors.
3. Broadmoor
- Average Revenue: $30,900 per year
- Average Daily Rate: $146 per night
- Average Occupancy Rate: 58%
- Average RevPAR: $85
Broadmoor is a lucrative neighborhood due to its upscale amenities, luxury appeal, and strong community spirit. It caters to discerning travelers and is conveniently located near key attractions, making it an ideal choice for those seeking a high-end experience in Shreveport.
4. South Highlands
- Average Revenue: $25,300 per year
- Average Daily Rate: $231.2 per night
- Average Occupancy Rate: 30%
- Average RevPAR: $71.9
South Highlands is appealing for its diverse housing stock, vibrant community spirit, and historic homes. The neighborhood is close to major attractions like Betty Virginia Park and the Norton Art Gallery, and its unique architectural styles and community pride make it a standout for guests seeking authentic local experiences.
Furnishing and Design Tips for an Inviting Airbnb in Shreveport, Louisiana
Defining Your Property's Aesthetic
- Align your property's aesthetic with Shreveport's unique style, which often includes elements of Southern charm, historic touches, and a blend of urban and natural beauty.
Choosing the Right Furniture
- Opt for modern and tasteful furnishings that incorporate local design elements, such as rustic accents and coastal themes, to reflect the city's Cajun and bayou heritage.
- Select durable materials and high-quality linens to ensure comfort and longevity.
Functional and Comfortable Layout
- Measure your rooms and plan the layout to maximize space and natural light. Ensure there is ample room to move around and that the arrangement does not block natural light sources.
- Use space-saving furniture with big functionality, such as sofa beds, folding tables, and ottomans with hidden storage compartments.
Smart Storage Solutions
- Incorporate smart storage options like beds with drawers, wall hooks, pegboards in the kitchen, and stackable containers to keep the space tidy and organized.
Enhancing Ambiance with Decor
- Use mirrors to make the space feel bigger and brighter.
- Add plants and local artworks to liven up the space and reflect the city's culture.
Accessibility and Amenities
- Ensure your Airbnb is accessible to guests with disabilities by incorporating features like ramps, wide doorways, and grab bars in bathrooms.
- Provide essential kitchen appliances such as a coffee maker, microwave, toaster, and kettle. Consider additional amenities like a BBQ grill, laptop-friendly workspace, and WiFi to enhance guest comfort.
Maintenance and Cleaning
- Choose furniture that is easy to clean and maintain. Consult with your cleaning crew to get their input on what holds up best against wear and tear.
- Plan furniture updates during the off-season or short gaps between bookings to minimize disruption.
Budgeting and Splurging
- Set a budget and prioritize spending on statement pieces that define the space, such as couches, coffee tables, and dining room tables. Be mindful of where to splurge and where to save.
Reflecting Local Culture
- Incorporate elements that celebrate Shreveport's history and culture, such as vintage or eclectic decor, to create a unique and inviting experience for guests.
Discovering Shreveport, Louisiana: Local Attractions and Insider Tips for Airbnb Hosts
Family-Friendly Attractions
- Shreveport Aquarium:
- Located on the downtown riverfront, this aquarium features over 3,000 animals from more than 270 species. Guests can walk through a dome gallery and interact with touch tanks.
Tip: Plan your visit to include the immersive experiences and interactive exhibits.
Sci-Port Discovery Center:
- A science museum with interactive exhibits and an Imax Dome Theater. It's a great place for kids and adults alike.
Tip: Check the schedule for special shows and events.
Gators & Friends Adventure Park:
- Offers zip-lining over alligators, a go-kart speedway, and a petting zoo. Perfect for an adventurous family day.
- Tip: Recommend the zip-lining and animal feeding activities.
Cultural and Artistic Experiences
- R.W. Norton Art Gallery:
- Features a wide assortment of Western art and includes the beautiful Botanical Gardens. Admission is free, but note the gallery is closed Monday to Wednesday.
Tip: Suggest visiting the gardens during the spring when azaleas are in bloom.
The Agora Borealis:
- An art gallery and market in a historic building, offering local artwork, furniture, jewelry, and more. Also features food and other local products.
Tip: Encourage guests to explore the local creativity and perhaps purchase some unique souvenirs.
Shreveport Municipal Auditorium:
- A historic performance hall that once hosted famous artists like Elvis Presley and Johnny Cash. Check for current performances and tours.
- Tip: Share the rich history of the auditorium and recommend attending a show if possible.
Outdoor and Natural Attractions
- Asian Gardens of Shreveport:
- A multi-level public space representing over 10 different Asian countries, filled with plants, flowers, and statuary. Admission is free.
Tip: Suggest a peaceful stroll through the gardens for a unique cultural experience.
American Rose Center:
- The headquarters of the American Rose Society, featuring 118 acres of rose varieties, trees, and a reflection pool. Admission is $5 per person or $10 per family.
Tip: Recommend visiting for a serene and beautiful outdoor experience.
Cypress Black Bayou and Caddo Lake:
- Great spots for fishing and other outdoor activities. Guests can enjoy the natural beauty of the area.
- Tip: Provide information on fishing spots and outdoor gear rentals.
Nightlife and Entertainment
- Fatty Arbuckle's:
- One of Downtown Shreveport's oldest lounges, offering live entertainment, a wide selection of whiskeys, and craft cocktails.
Tip: Recommend stopping by for a taste of Shreveport's nightlife and to enjoy some live music.
Local Breweries:
- Great Raft Brewing and Flying Heart Brewing are popular spots for craft beer enthusiasts. Guests can take brewery tours, taste beers, and enjoy live music and events.
- Tip: Suggest visiting for a tour or to relax in the taproom.
Festivals and Events
- Red River Revel:
- An annual festival celebrating visual and performing arts. Held at Festival Plaza in downtown Shreveport.
Tip: Check the festival schedule and recommend attending if it coincides with the guest's visit.
Mardi Gras in Shreveport:
- Shreveport celebrates Mardi Gras with parades and events. The next Mardi Gras is scheduled for March 4, 2025.
- Tip: Provide information on parade schedules and event locations if guests are visiting during Mardi Gras.
Insider Tips
Casinos: Shreveport and Bossier City have several casinos with fine dining, live music, and upscale amenities. Recommend Sam’s Town Hotel & Casino and Bally's Shreveport for a complete casino experience.
Dining: Highlight some of the local culinary experiences, including the unique offerings at Great Raft Brewing's Dripp Hot Chicken.
Local Events: Always check the local event calendar to see what performances, festivals, or other activities are happening during the guest's stay.
By sharing these attractions and tips, you can help your guests have a memorable and enriching experience in Shreveport, Louisiana.
Practical Tips to Run a Successful Short Term Rental Business in Shreveport, Louisiana
To ensure a smooth and successful short-term rental business in Shreveport, Louisiana, several practical tips can be implemented:
Noise Regulations and Guest Communication
Inform guests about quiet hours and noise regulations to avoid violations and maintain a positive relationship with neighbors. Include clear guidelines in your digital and physical house manual, emphasizing the importance of respecting quiet hours to prevent fines and potential permit revocation.
Comprehensive House Manual
Create a detailed digital and physical house manual that includes essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also outline the property's rules, including noise regulations, maximum occupancy limits, and on-site parking instructions.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with clear instructions on how to access the property, along with photos of the smart lock and any other relevant entry points. Additionally, include parking instructions with photos to help guests navigate the property easily.
Operational Efficiency
Ensure that all necessary permits are obtained, and the property meets all safety and operational requirements. Designate a local contact person available 24/7 to respond to any issues that may arise, and maintain a guest register with names and dates of stay to comply with local regulations.
By following these tips, you can enhance the guest experience, reduce potential issues, and maintain compliance with Shreveport's short-term rental regulations.
Here is a brief list of house cleaning services in Shreveport, Louisiana:
Merry Maids of Shreveport
- Offers comprehensive cleaning services with 40 years of experience.
- Serves Shreveport and Bossier City.
- Provides proven techniques and thorough processes for a clean home.
Clean My Prestige Home
- Provides professional cleaning services in Shreveport, Alexandria, and the SBC Area.
- Offers flexible cleaning plans, including weekly, bi-weekly, monthly, or one-time cleaning.
- Fully insured and reliable service.
Drews Kleaning Service
- Locally owned and operated, serving customers with pride and attention to detail.
- Offers standard residential cleaning, commercial cleaning, and vacation rental cleaning services.
- Family-run business with a focus on customer satisfaction.
Jolley Services
- Provides expert residential and commercial cleaning services.
- Transforms homes into sanctuaries with sparkling kitchens and immaculate bathrooms.
- Offers special savings for military, police, fire, and ministry personnel.
Various Providers Listed on Care.com and HomeAdvisor
- Multiple house cleaning services listed, with rates starting at $15.60/hr and an average experience of 4 years.
- Services include one-time, recurring, and specialized cleaning needs.
Short-Term Rental Management Fees in Shreveport, Louisiana
In Shreveport, Louisiana, the fees for managing short-term rentals can vary significantly based on the level of service provided. Typically, these fees range from 10% to 30% of the rental revenue. Full-service management, which includes comprehensive services such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often ranging between 20% to 30% of the rental income.
Basic or a la carte services, where hosts can select specific services, may incur lower fees. Additionally, hosts may need to account for other costs such as cleaning fees, repair charges, and design or amenities fees, which can be separate from the management fee itself. Understanding these fee structures is crucial for hosts to ensure they are getting the best value for their investment in property management services.