Airbnb & VRBO Performance in Smithville Oklahoma.

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Smithville, Oklahoma: Airbnb & VRBO Vacation Rental Market Overview

Smithville, Oklahoma, offers a promising short-term rental market with its remote location in the Ouachita Mountains, attracting travelers seeking outdoor seclusion and privacy, making it a hidden gem for investors looking for a nature-retreat focused rental opportunity.

Market overview

Thriving Short-Term Rentals in Smithville, Oklahoma: A Hidden Gem for Investors

Smithville, Oklahoma, nestled in the heart of the Ouachita Mountains, is emerging as a lucrative destination for short-term rental investments. This secluded area attracts travelers seeking an immersive outdoor experience without the hustle and bustle of tourist hotspots. While specific occupancy rates and average daily rates for Smithville are not readily available, the broader trend in Oklahoma's vacation rental market suggests strong performance. Nearby areas like Broken Bow, known for its high demand and occupancy rates, especially during spring, summer, and fall, indicate a similar potential for Smithville. With its cozy cabins and natural charm, Smithville is poised to capitalize on the growing demand for unique and secluded vacation rentals, offering investors a promising opportunity for passive income and high guest satisfaction.

Short Term Regulations

Short-Term Rental Regulations in Tulsa, Oklahoma (Not Smithville) for 2024

Since there is no specific information available on Smithville, Oklahoma, the following regulations are based on Tulsa, Oklahoma, which may serve as a general guide for other cities in Oklahoma.

Types of Short-Term Rentals

  • Principal Use: The dwelling unit is not the primary residence of a household.
  • Accessory Use: The dwelling unit is the primary residence of a household, where the owner or a long-term tenant lives part-time but also rents the property for periods less than 30 days.

Licensing Requirements

  • A short-term rental license must be obtained online.
  • Required information includes:
  • Dwelling unit information
  • Operator information
  • Written consent by the owner
  • Local contact person information
  • Online listings
  • Written acknowledgement that the short-term rental is subject to all relevant City regulations and policies
  • Application fee of $75 and Implementation and Compliance fee of $300.

Maximum Occupancy

  • Maximum occupancy is restricted to 8 persons at a time, including residents if present in accessory use properties.

Zoning and Neighborhood Regulations

  • Short-term rentals are permitted in all zoning districts.
  • Adherence to neighborhood covenants and zoning regulations is mandatory to preserve neighborhood integrity.

Safety and Maintenance Standards

  • Hosts must ensure compliance with building and fire codes.
  • Properties must meet safety and maintenance standards.

Taxation

  • A lodging tax applies to short-term rentals, which may be collected by platforms like Airbnb.

Registration and Inspections

  • Short-term rental hosts must adhere to the registration process mandated by the city.
  • Properties may be subject to routine inspections to ensure compliance.

Penalties for Violations

  • Fines for first infraction can amount to up to $200.
  • Subsequent infractions can result in fines of up to $500.
  • Serious non-compliance can lead to fines of $1,000 or more.
Neighborhood Performance

Top Airbnb Revenue Generators in Smithville, Oklahoma

While Smithville, Oklahoma, is a small town with a limited number of listings, here are some insights into why it could be appealing for guests and the potential for Airbnb revenue:

Why Smithville is Appealing for Guests

  • Low Crime Rate: Smithville boasts one of the lowest crime rates in the US, making it a very safe place to stay.
  • Quiet Environment: The town has a quiet atmosphere due to its lower population density and fewer noisy groups such as families with younger children or college students.
  • Native American Heritage: The neighborhood has a significant Native American ancestry, with 24.6% of residents having Native American roots, and 1.8% speaking Native American languages at home, which can be a unique cultural experience for guests.
  • Family-Friendly: The area is known for its top public schools, low crime rates, and owner-occupied single-family homes, making it an excellent choice for families.

Potential for Airbnb Revenue

Given the limited data on specific neighborhoods within Smithville, here is a general overview of the town's Airbnb market:

  • Average Daily Rate and Occupancy: Smithville's short-term rentals on Airbnb and Vrbo average a 36% occupancy rate with a $249 daily rate, resulting in approximately $22,090 in monthly revenue.
  • Annual Revenue: The average annual Airbnb revenue in Smithville is projected at $36,206.

Note on Neighborhoods

Since Smithville is described as having only one neighborhood, the entire town can be considered as a single entity for Airbnb investment purposes. Here are the key points:

Smithville Neighborhood

  • Unique Cultural Experience: Guests can enjoy the town's quiet atmosphere and unique cultural heritage.
  • Safety and Family-Friendliness: The low crime rate and family-friendly environment make it an attractive option for various types of travelers.
  • Potential for Seasonal Demand: Although specific seasonal data is not provided, the town's unique features could attract guests looking for a quiet, culturally rich experience, potentially during holidays or summer vacations.

In summary, while Smithville does not have multiple neighborhoods to compare, its single neighborhood offers a compelling mix of safety, cultural uniqueness, and family-friendly amenities that can attract guests and generate significant Airbnb revenue.

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Design Tips

Furnishing and Design Tips for an Inviting Airbnb in Smithville, Oklahoma

Defining Your Property's Aesthetic

  • Define your property's aesthetic based on Smithville's unique style and your target market. Consider the local culture, architecture, and natural surroundings to create a cohesive and inviting atmosphere.

Choosing the Right Furniture

  • Opt for timeless, sturdy pieces that are easy to clean and maintain. Avoid furniture with flimsy legs, especially those made of plastic. Instead, choose solid beds, sofas with washable covers, and durable dining tables.

Functional and Space-Saving Design

  • Use space-saving furniture such as sofa beds, folding tables, and ottomans with hidden storage compartments. These versatile pieces allow you to transform the layout according to your guests' needs.
  • Incorporate smart storage solutions like beds with drawers, wall hooks, and stackable containers to keep the space tidy and organized.

Comfort and Practicality

  • Ensure the mattress is at least 8 inches thick and consider memory foam mattresses for durability. Use a mattress cover to extend the life of the mattress.
  • Equip the kitchen with essentials like a coffee maker, microwave, toaster, and kettle. Add extras such as a good blender and sharp knives. Stock up on basic cookware, utensils, and dinnerware.

Enhancing Ambiance

  • Use mirrors to make the space feel bigger and brighter. This can also help reflect natural light and enhance the overall ambiance.
  • Add plants to liven up the space and create a welcoming atmosphere.

Accessibility and Safety

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

Lighting and Technology

  • Ensure good lighting and easy access to power outlets. High-speed internet is crucial, especially for business travelers and digital nomads. Consider a Wi-Fi booster if the property is large.

Theme Consistency

  • Stick to your theme to maintain a cohesive look throughout the property. This helps in creating a consistent and inviting space for guests.

Timing and Maintenance

  • Plan furniture updates during the off-season or short gaps between bookings to minimize disruption. Ensure your cleaning crew is aware of any new furniture or layout changes.

Local Touch

  • Incorporate local elements and decor that reflect Smithville's unique style and culture. This can include artwork, furnishings, or accessories that highlight the local heritage.
Insider Tips

Local Attractions and Insider Tips for Smithville, Oklahoma

Local Attractions

Natural Beauty and Outdoor Activities

  • Broken Bow Lake: A popular spot for boating, fishing, and other water activities. It is located about 10 miles south of Smithville.
  • Upper Mountain Fork River: Offers opportunities for fishing, kayaking, and canoeing. It is situated near Smithville.
  • Talimena National Scenic Byway: A scenic drive that provides stunning views of the Ouachita National Forest.

Historical and Educational Sites

  • Forest Heritage Center & Museum: Located near Beavers Bend State Park, this museum provides visitor information and insights into the forest's history.
  • Beavers Bend Wildlife Museum: Situated at the entrance to Beavers Bend State Park, this museum showcases local wildlife.

Unique Experiences

  • Beavers Bend Depot & Trail Rides: Offers train rides, hayrides, and horseback riding experiences.
  • A to Z Guest Ranch Trail Riding: Provides guided horseback riding trails, located about 10 minutes north of Rivers Bluff Cabins in Smithville.

Insider Tips

Dining and Shopping

  • Hochatown BBQ: A local favorite for barbecue, located along Hwy 259.
  • Girls Gone Wine: A wine shop and tasting room, a great place to relax and enjoy local wines.

Activities for All Ages

  • Hochatown Petting Zoo: A fun place for families with children to interact with animals.
  • Hochatown Escape Games: For those looking for a challenge, this escape room is a great activity.

Relaxation and Wellness

  • Body Harmony Day Spa: Offers various spa treatments and massages, located across from the State Park entrance.
  • A Servant’s Hands Massages: Provides in-cabin massage services for a relaxing experience.

Seasonal and Special Activities

  • Beavers Bend Land & Water: Features paddle boats, miniature golf, bumper boats, canoes, and a swim beach. Perfect for summer activities.
  • Rugaru Adventures Zip Lining: For the adventurous, zip lining tours are available along Stevens Gap Rd..

Additional Tips for Airbnb Hosts

  • Download the McCurtain County App: Recommend this app to your guests to stay updated on all local activities and events.
  • Reservations: Inform guests that some activities, such as horseback riding at A to Z Guest Ranch, require reservations in advance.
  • Local Guides: Provide contact information for local guide services like Rudy’s Guide Service or Beaver Bend Fly Fishing for guests interested in fishing or float trips.

By sharing these attractions and tips, you can enhance your guests' experience and help them make the most of their visit to Smithville, Oklahoma.

Practical Tips

Practical Tips to Run a Successful Short Term Rental Business in Smithville, Oklahoma

While specific regulations for Smithville, Oklahoma, may not be extensively detailed, general best practices for managing a short-term rental business can be applied to ensure a smooth and successful operation. Here are some practical tips:

Noise Regulations and Quiet Hours

Inform your guests about quiet hours and noise regulations to maintain a respectful environment for both the guests and the neighbors. Include this information in your house manual and also display it prominently in the rental property.

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 will help guests navigate the property easily and reduce the number of inquiries you receive.

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, and consider adding a welcome message with important details.

Parking Instructions

Include detailed parking instructions with photos to help guests understand where they can park and any specific rules or restrictions. This can prevent confusion and potential issues with neighbors or local authorities.

By implementing these tips, you can enhance the guest experience, reduce potential issues, and ensure your short-term rental business operates smoothly and successfully.

Local Vendors

Here is a brief list of house cleaning, and other relevant services providers in Smithville, Oklahoma:

House Cleaning Services

  • Reliable House Cleaners
  • Sunshine Maid Service
  • K-Valley Services
  • Sparkling and Beyond (offers standard cleaning services for residential and commercial properties)

Specialized Cleaning Services

  • Biotrauma (biohazard and crime scene cleaning)
  • All Handled Cleaners (hoarder cleaning services)

General Cleaning Contractors

  • Terry Cleaning
  • Executive Cleaning Services LLC
Management fees

Short-Term Rental Management Fees in Smithville, Oklahoma: A Breakdown

In Smithville, Oklahoma, 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, which includes comprehensive tasks such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often ranging from 20% to 30% of the revenue. In contrast, basic services that involve fewer responsibilities may incur lower fees, usually around 10% to 15%. Additionally, property owners may need to consider extra fees for services like cleaning, repairs, or design and furnishing, which can be billed separately or included in the overall management fee structure.

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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 Smithville should generate as a short term rental and look at the performance of properties around yours.

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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 Smithville.

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 Oklahoma