Airbnb & VRBO Performance in Simpsonville Kentucky.

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Simpsonville, Kentucky: Airbnb & VRBO Vacation Rental Market Overview

Simpsonville, Kentucky, is experiencing robust short-term rental performance, with an average 49% occupancy rate and a daily rate of $757, generating substantial monthly revenues of $24,180.

Market overview

Thriving Short-Term Rentals in Simpsonville, Kentucky

Simpsonville, Kentucky, is experiencing a robust performance in its short-term rental market. With an impressive 49% occupancy rate, the city's vacation rentals are in high demand. The average daily rate for these rentals stands at a lucrative $757, translating to a substantial monthly revenue of $24,180. This strong performance indicates a vibrant and attractive destination for both travelers and investors, highlighting Simpsonville's growing appeal as a desirable place to visit and stay.

Short Term Regulations

Short-Term Rental Regulations in Simpsonville, Kentucky for 2024

While the specific regulations for Simpsonville, Kentucky, are not explicitly detailed in the provided sources, general guidelines from nearby areas and state regulations can be applied to infer the likely requirements. Here is a list of common regulations that might apply:

Registration and Permit Requirements

  • Short-Term Rental Permit: Hosts may need to obtain a valid Short-Term Rental (STR) Permit from the local planning unit or occupational license office.
  • Zoning Compliance Permit: A permit from the Division of Planning to ensure compliance with local zoning regulations.
  • Business License: Issued by the Division of Revenue, required for operating a short-term rental.

Licensing and Fees

  • Special Fees License: An annual license with a fee of $200 for the first unit and $100 for each additional unit.
  • Annual Registration Fee: Possibly similar to Louisville's $250 annual registration fee to fund monitoring and enforcement.

Safety Standards Compliance

  • Smoke and Carbon Monoxide Detectors: Properties must be equipped with smoke and carbon monoxide detectors in sleeping areas.
  • Emergency Exits and Fire Extinguishers: Compliance with fire safety standards, including emergency exits and fire extinguishers.
  • Building Codes: Adherence to local building codes and safety regulations.

Zoning Restrictions

  • Property Eligibility: Properties must be located in zones eligible for short-term rentals. Hosts may need to use a city-specific mapping tool to verify eligibility.
  • Conditional Use Permit: May be required for properties in certain zoning classifications.

Operational Standards

  • Guest Limits: Maximum number of adult occupants allowed, potentially similar to Louisville's limit of 12 adults.
  • Distance Between Rentals: Possibly a minimum distance requirement between short-term rental properties, similar to Louisville's 600 feet.

Enforcement and Compliance

  • Inspections: Properties may be subject to inspections to ensure compliance with safety and zoning regulations.
  • Advertisement Requirements: License registration numbers must be posted alongside any advertisements on hosting platforms like Airbnb or VRBO.

Additional Requirements

  • Proof of Residency: For hosted short-term rentals, proof of residency may be required.
  • General Liability Insurance: Proof of general liability insurance with a minimum coverage of $1 million.
  • Septic Tank Capacity: For properties with septic tanks, evidence of tank capacity may be required.

Given the lack of specific details for Simpsonville, it is advisable to contact local authorities or the city's planning and revenue departments to confirm the exact regulations and requirements.

Neighborhood Performance

Top Neighborhoods for Airbnb Revenue in Simpsonville, Kentucky

While specific neighborhood data for Airbnb revenue in Simpsonville, KY, is not provided in the sources, we can infer some insights based on the general characteristics of Simpsonville and its appeal to guests.

Neighborhoods and Their Appeal

Finchville

  • Proximity to Amenities: Finchville is one of the associated neighborhoods of Simpsonville, known for its newer housing and attractive amenities. Guests are likely drawn to its modern homes, comfortable living conditions, and proximity to local amenities.
  • High Demand: Given its popularity among new residents, Finchville is likely to attract Airbnb guests seeking a comfortable and well-maintained stay.

Conner / Lincoln Ridge

  • Educated and Affluent Community: This area is part of Simpsonville, which boasts a highly educated and affluent population. Guests may be attracted to the upscale environment and the opportunity to experience life in a well-educated community.
  • Work-from-Home Friendly: With a significant number of telecommuters in Simpsonville, Conner / Lincoln Ridge might offer homes that are well-suited for remote work, making it appealing for guests who need a productive and comfortable space.

General Appeal of Simpsonville

  • High Occupancy Rates: Simpsonville's short-term rentals have an average occupancy rate of 49%, indicating a strong demand for accommodations in the area.
  • Seasonal Demand: Months like May, September, and April are peak periods, suggesting that guests are drawn to Simpsonville during these times, possibly due to favorable weather or local events.
  • Daily Rates and Revenue: The average daily rate of $757 and monthly revenue of $24,180 suggest that Simpsonville is a lucrative market for Airbnb hosts, indicating a high demand for quality accommodations.
  • Educational and Economic Profile: The city's high median household income, educated population, and strong local economy make it an attractive destination for guests looking for a safe, well-maintained, and intellectually stimulating environment.

While the specific neighborhoods generating the most Airbnb revenue are not detailed, Finchville and Conner / Lincoln Ridge are likely contenders due to their association with Simpsonville's overall desirable characteristics.

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Design Tips

Furnishing and Design Tips for an Inviting Airbnb in Simpsonville, Kentucky

Defining Your Aesthetic

  • Define your property's aesthetic based on Simpsonville's unique style, which may include elements of rural charm and Southern hospitality.

Measuring and Layout

  • Measure your rooms and plan the layout to ensure ample space to move around and to preserve natural light sources.

Furniture Selection

  • Choose timeless, sturdy pieces that fit your theme.
  • Opt for a solid bed with a mattress at least 8 inches thick; consider memory foam mattresses for durability.
  • Select a sofa that is easy to clean and consider a sofa bed to increase guest capacity.
  • Use high-quality, durable towels and toiletries in neutral colors.

Storage and Organization

  • Incorporate smart storage solutions such as beds with drawers, wall hooks, and stackable containers to keep the space tidy.
  • Provide enough storage for guests' toiletries and personal items using shelves or cabinets.

Lighting and Mirrors

  • Ensure good lighting throughout the space, especially in areas like the desk and bathroom.
  • Use mirrors to make the space feel bigger and brighter; include a full-length mirror with a power socket nearby for hair dryers and straighteners.

Kitchen Essentials

  • Equip the kitchen with essentials like a coffee maker, microwave, toaster, and kettle.
  • Include basic cookware, utensils, dinnerware, and extras like a blender and sharp knives.

Comfort and Functionality

  • Ensure the dining table is tough and resistant to wear and tear; it can be dressed up with tablecloths and decor.
  • Provide comfy, lightweight chairs that are sturdy enough to support various weights.
  • Include a sturdy desk and comfy chair for guests who need to work, along with high-speed internet and a Wi-Fi booster if necessary.

Safety and Accessibility

  • Install smoke detectors, carbon monoxide detectors, and a first aid kit.
  • Consider making your Airbnb accessible to guests with disabilities by adding features like ramps, wide doorways, and grab bars in bathrooms.

Decor and Personal Touches

  • Add plants and other decorative elements to liven up the space.
  • Use space-saving furniture with big functionality, such as folding tables or ottomans with hidden storage.

Budgeting and Splurging

  • Set a budget and choose your battles; splurge on statement pieces like the living room furniture that will define your space.
  • Balance budget-friendly options with higher-quality, durable pieces to ensure long-term value.
Insider Tips

Discover Simpsonville, Kentucky: Local Attractions and Insider Tips

Local Attractions

Outdoor Activities

  • Shelby Trails Horse Park: Explore the scenic trails on horseback, offering a unique way to experience the countryside.
  • Nature Destinations: With over 400 acres and 21 miles of scenic routes, guests can enjoy hiking, biking, or horseback riding. Don't miss the county’s largest lake and activity center.
  • Golf Courses: Choose from three golf courses, including a championship course rated 3.5 stars by Golf Digest.

Farm and Agricultural Experiences

  • Gallrein Farms: Visit for farm-fresh produce, a pumpkin patch, corn maze, and homemade treats like fudge, donuts, and caramel apples. Enjoy lunch in the picnic barn.
  • Mulberry Orchard: Take a hayride through the orchard, visit farm animals, and let kids enjoy the play area. Sample apple cider, apple cider slushies, and apple donuts.
  • Alpaca Farms: Explore Simpsonville’s Angel Fleece Alpacas and Shelbyville’s Alpaca Haven Farm on guided tours. Shop for soft alpaca fleece products.

Historical and Cultural Sites

  • Old Stone Inn: Visit the second oldest stone building in the county, a historic stagecoach stop and inn.
  • Lincoln Institute Site: Learn about the history of the Lincoln Institute, a former boarding school for African Americans, now home to the Whitney M. Young, Jr. Job Corps Training Center.

Events and Festivals

  • Long Run Massacre and Floyd’s Defeat Reenactment: Witness a historical reenactment of the 1781 Indian attack and the subsequent ambush.
  • Shelby County Christmas Parade: Enjoy a hometown parade sponsored by the Shelby County Fire & Rescue Dept..
  • Light Up Simpsonville: Join the mayor for the town's Christmas tree lighting, complete with family fun, music, and food.

Insider Tips

Tours and Experiences

  • Mint Julep Tours: Book unique bourbon, horse farm, brewery, culinary, or city sightseeing tours for a memorable experience.
  • Kentucky Backroad Tours: Join a travel expert for unrushed journeys behind the scenes and behind closed doors, filled with local stories and insights.

Shopping and Dining

  • Local Boutiques: Explore the array of local boutiques and designer fashions in downtown Shelbyville and Simpsonville.
  • Farm Markets: Visit farmers markets for fresh produce, jellies, preserves, butters, salsas, and local honey.

Community Events

  • SAHIBA Horse Show: Attend a fun show for fans of Arabian horses, a great event for horse enthusiasts.
  • Robertson Equine Sale: Experience the excitement of an equine auction with a team known for its expertise and well-coordinated events.

By sharing these local attractions and insider tips, you can help your Airbnb guests make the most of their visit to Simpsonville, Kentucky.

Practical Tips

Practical Tips to Run a Successful Short-Term Rental Business in Simpsonville, Kentucky

To ensure the success of a short-term rental business in Simpsonville, Kentucky, several practical tips can be implemented to enhance the guest experience and comply with local regulations.

Noise Regulations and Guest Communication

Informing guests about quiet hours is crucial to maintain a peaceful environment and comply with local noise regulations. Include clear guidelines on quiet hours in your digital and physical house manual to avoid disturbances and ensure a harmonious stay for both guests and neighbors.

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 helps guests navigate the property effortlessly and reduces the likelihood of misunderstandings or issues during their stay.

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 parking instructions accompanied by photos to ensure a smooth arrival. This automated and well-documented process enhances guest satisfaction and reduces potential complications.

By implementing these strategies, you can create a welcoming and well-organized environment for your guests, while also adhering to the local regulations and standards in Simpsonville, Kentucky.

Local Vendors

Here is a brief list of house cleaning services in Simpsonville, Kentucky:

House Cleaning Services in Simpsonville, KY

Care.com

  • Offers a list of affordable house cleaning options starting at $17.75/hr. You can search local listings by rates, reviews, experience, and more.

Angie's List

  • Provides a list of the top 10 best home cleaning services in Simpsonville, KY, along with real reviews and ratings.

Homeaglow

  • Features top-rated house cleaners near you in Simpsonville, KY. Services are professional, affordable, and include background-checked cleaners. You can book your first 3-hour clean starting from $19.

These resources can help you find and compare various house cleaning services in the area.

Management fees

Short-Term Rental Management Fees in Simpsonville, Kentucky

In Simpsonville, Kentucky, managing a short-term rental property often involves fees that can range from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management, which includes comprehensive tasks such as guest communication, marketing, and maintenance, typically falls on the higher end of this spectrum, often between 20% to 30% of the rental income. On the other hand, basic services that may only include listing and booking management might be less expensive. Additionally, property owners may incur extra fees for services like cleaning, repairs, or design enhancements, which can further impact the overall cost of managing their short-term rental properties.

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Why choose RedAwning

RedAwning is a tech leader in full-service short-term rental management, powered by our exclusive, unmatched tools.
Other property managers
Cost
Starting at 10%
25-40%
Guest communications
5-15 mins / 24 hours a day
1 hour+
Host communications
Dedicated phone and text line with no time on hold
Chat bots, hold lines and email threads
Insurance
Robust liability and dwelling coverage for every reservation
Spotty coverage with low claim approval rates
Contract
No cancellation fees
No contract lock-in
Just 90 days notice to cancel
Cancellation penalties
Number of Channels Your Listing is On
50+
2-4

Experience in numbers

Rest well knowing your property is managed by an experienced team powered by world-class technology.
+10-30%
in gross revenue
4.8 stars
guest rating
14+ years
managing STRs

Short Term Rental Calculator

Find out how much your property in Simpsonville should generate as a short term rental and look at the performance of properties around yours.

35,000+ Properties
Hosts stay with RedAwning
1,000,000,00 Nights Booked
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Furnishing checklist

This comprehensive checklist ensures that your rental is guest-ready with all the essentials to create a comfortable and memorable experience in Simpsonville.

Living Room
Seating: Sofa, armchairs, and ottomans
Coffee Table
Entertainment: Smart TV (with streaming apps) and remote control
Decor: Area rug, wall art, plants, and throw pillows
Lighting: Floor lamp or table lamps
Charging Stations: Power strips or outlets with USB ports
Bedrooms
Beds: High-quality mattress with mattress protector
Linens: At least two sets of sheets per bed
Pillows: Hypoallergenic pillows (2-4 per bed)
Blankets: Extra throw blankets or quilts
Nightstands: With lamps or charging docks
Closet or Storage: Hangers, dresser, or luggage rack
Blackout Curtains or Shades
Bathrooms
Towels: Bath towels, hand towels, washcloths (2 sets per guest)
Shower Curtain & Liner
Toiletries: Shampoo, conditioner, body wash, hand soap
Bathroom Essentials: Toilet paper, tissues, trash bin
Hairdryer
Mirror: Full-length or wall mirror
Dining Area
Dining Table: Seating for the maximum number of guests
Place Settings: Placemats or tablecloths
Centerpiece: Vase with flowers or decorative piece
Kitchen
Appliances: Refrigerator, microwave, toaster, coffee maker, kettle
Cookware: Pots, pans, baking trays
Utensils: Forks, knives, spoons, spatulas, tongs
Dinnerware: Plates, bowls, glasses, mugs (2 sets per guest)
Cutting Board & Knives
Basic Spices & Condiments: Salt, pepper, oil
Cleaning Supplies: Sponge, dish soap, paper towels, trash bags
Outdoor Space (if applicable)
Seating: Outdoor chairs, benches, or lounges
Table: For outdoor dining or drinks
Lighting: String lights or outdoor lanterns
Grill: With necessary utensils and instructions
Outdoor Trash Bin
Extras to Elevate Guest Experience
Welcome Basket: Snacks, water bottles, or wine
Guidebook: Local recommendations and house rules
Board Games or Books: Entertainment for guests
Umbrella & Flashlight
Iron & Ironing Board
Laundry: Washer, dryer, and detergent (if available)
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⇤ Airbnb Statistics for Kentucky