Airbnb & VRBO Performance in Tiverton Rhode Island.

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Tiverton, Rhode Island: Airbnb & VRBO Vacation Rental Market Overview

In Tiverton, Rhode Island, short-term rentals are performing well, with an average 54% occupancy rate, a daily rate of $371, and monthly revenue of $29,640, indicating a robust and profitable market for Airbnb and VRBO hosts.

Market overview

Thriving Short-Term Rental Market in Tiverton, Rhode Island

Tiverton, Rhode Island, is experiencing a robust short-term rental market, making it an attractive destination for both hosts and guests. According to recent data, short-term rentals in Tiverton boast an impressive 54% occupancy rate, indicating a strong demand for these accommodations. The average daily rate for these rentals stands at $371, contributing to a substantial monthly revenue of $29,640. This performance highlights Tiverton's appeal as a vacation spot and its potential for investors looking to capitalize on the short-term rental market. With the town's cooperative approach to regulating short-term rentals, Tiverton continues to be a favorable location for Airbnb and VRBO hosts.

Short Term Regulations

Short-Term Rental Regulations in Tiverton, Rhode Island for 2024

Overview of Regulations

To operate a short-term rental in Tiverton, Rhode Island, property owners must adhere to the following regulations:

Special Use Permit

  • Property owners must obtain a special use permit from the town council to operate a short-term rental legally.

Definition of Short-Term Rental

  • A short-term rental is defined as "the offering, occupancy, or use of all or portions of a dwelling unit, for a fee, by anyone other than the owner for a period of 30 consecutive calendar days or less, at least once per calendar year".

Property Owner Requirements

  • The property owner must either occupy the same dwelling unit or reside on the same lot for a minimum of 180 calendar days per year, or be a resident of Tiverton who resides within a three-mile radius of the STR property and have owned the STR property for at least three years.

Application and Inspection Process

  • The application process includes an annual inspection of the property to ensure compliance with safety and health standards.

Fees

  • Property owners must pay a registration fee of $1,000 per dwelling unit, assessed annually, and an additional unspecified fee set by the town council at the time of the special use permit application.

Provisions and Restrictions

  • The regulations include provisions relating to occupancy limits, property inspections, parking requirements, and advertising. There is also a prohibition on events, parties, and large gatherings.

Compliance and Acknowledgement

  • Property owners must sign an acknowledgement that they have read and understand the short-term rental ordinance and agree to comply with all requirements.

Additional Requirements

  • Additional documents may be required, such as a septic system certification for properties not connected to the public sewer system. Property owners should consult with the Zoning Officer to determine any additional requirements.

State and Local Taxes

  • Short-term rentals may be subject to state and local taxes, such as the hotel tax.

Registration with the State

  • As of January 30, 2025, properties must be registered with the Rhode Island Department of Business Regulation (DBR) before being listed on a hosting platform. Listings must include the registration number and expiration date.
Neighborhood Performance

While the specific data on the most revenue-generating neighborhoods in Tiverton, Rhode Island, is not as detailed as that for Westerly, RI, here are some insights and a title that can help frame the discussion:

High-Revenue Neighborhoods for Airbnb in Tiverton, Rhode Island

Overview of Tiverton's Short-Term Rental Market

Tiverton, though not as extensively detailed in the sources as Westerly, presents a promising environment for short-term rentals due to its coastal location and tourist appeal.

Potential High-Revenue Neighborhoods

While specific neighborhood data is not provided, here are some general factors that make certain areas in Tiverton appealing for Airbnb guests and potentially lucrative for investors:

  • Coastal Areas: Neighborhoods close to the coast, such as those near the beaches and waterfront properties, tend to attract higher rental income due to their scenic views and proximity to tourist attractions.
  • Central Tiverton: Areas closer to the town center may offer easier access to local amenities, shops, and restaurants, making them more appealing to guests.
  • Historic and Scenic Neighborhoods: Tiverton's historic and scenic areas can attract guests looking for a unique and charming experience.

Why These Neighborhoods Are Appealing

  • Proximity to Beaches and Waterfront: Tiverton's coastal location makes it a popular destination for tourists, especially during the summer months. Neighborhoods near beaches and waterfront areas are likely to generate higher revenue due to their attractiveness to vacationers.
  • Local Amenities and Services: Areas with easy access to local amenities such as shops, restaurants, and recreational activities tend to be more appealing to guests.
  • Regulatory Environment: Tiverton is relatively Airbnb-friendly compared to other cities in Rhode Island, with a cooperative stance towards short-term rental owners. This makes it easier for investors to operate without stringent regulations, which can impact revenue.

Regulatory Considerations

Investors should be aware that Tiverton is in the process of drafting and implementing regulations for short-term rentals, including the requirement for a special use permit. However, the town's approach is more cooperative than combative, aiming to bring short-term rentals into zoning compliance without overly burdensome fees or enforcement.

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Design Tips

Creating an Inviting Airbnb in Tiverton, Rhode Island: Design and Furnishing Tips

Entryway

  • Ensure the entryway makes a strong first impression by providing a welcoming atmosphere.
  • Offer simple amenities like extra towels, a basket of travel-sized essentials, and a clean, organized space.

Living Room

  • Invest in lighting control with lamps and dimmer switches to create a versatile and cozy environment.
  • Use nice, soft, clean blankets and pillows with different fill options to add comfort.
  • Include occasional tables and a pouf for guests to place drinks and rest their feet.
  • Design the layout to facilitate conversation and various activities, such as reading or playing games.

Bedroom

  • Provide high-quality bedding, including extra layers stored in the closet for guest convenience.
  • Offer multiple pillow options (e.g., foam-filled, down alternative) for each guest.
  • Ensure temperature control with ceiling fans and blackout shades.
  • Include bedside tables and lamps with USB ports or wireless charging features for each guest.

General Design Principles

  • Balance Budget and Quality: Mix mid-range and budget-friendly pieces to avoid a cheap, mass-produced look.
  • Add Texture and Dimension: Pair different textures (e.g., smooth metal tray with a handmade textured vase) to create a more inviting space.
  • Incorporate Soft Surfaces: Use rugs, chairs, and framed tapestries to add warmth to the space.
  • Use White Bedding: Opt for white bedding to give a clean and hygienic impression.
  • Antiques and Unique Pieces: Incorporate antique or unique furniture to add character and warmth, especially pieces with red and orange undertones.

Kitchen

  • Contrasting Textures: Use a handmade textured tile for the backsplash to contrast with smooth cabinets.
  • Unique Hardware: Add unique brass hardware to the cabinetry for added dimension.

Local Touch

  • Highlight Local Views: If the property has a view, keep the focus on it by adding curtain panels and placing furniture to draw the eyes to the window.
  • Local Recommendations: Include recommendations for local dining, shopping, and activities in your listing to enhance the guest experience.

Cleanliness and Maintenance

  • Ensure all surfaces are easy to clean and maintain, using hard and flat surfaces where necessary.
  • Regularly inspect and update the property to maintain a high standard of cleanliness and guest satisfaction.
Insider Tips

Discovering Tiverton, Rhode Island: Local Attractions and Insider Tips

Local Attractions

Arts and Culture

  • Four Corners Arts Center & Sculpture Park: Explore the continuous outdoor sculpture park featuring works by world-renowned sculptors. Enjoy seasonal curated shows, performance events, and the beautiful grounds aglow with daffodils in April.

Historic Sites

  • Ft. Barton Revolutionary War Redoubt and Woods: Visit the original earthen mounds of the Revolutionary War redoubt, hike marked trails, and enjoy views of the Sakonnet River from the observation tower.

Natural Areas

  • Weetamoo Woods: Wander through over 750 acres of varied habitats, including coastal oak-holly forest and an Atlantic white cedar swamp. Discover remnants of the Pocasset Purchase roadway and a village sawmill.
  • Fogland Marsh: A nature preserve managed by The Nature Conservancy, ideal for walking, bird watching, and nature observation.
  • Seapowet Marsh and Point Fishing Area: Enjoy walking, fishing, bird watching, and shellfishing in this coastal habitat.

Beaches

  • Fogland Beach: A popular spot for lifeguarded swimming, fishing, walking, windsurfing, and kite-surfing. Rentals and kayaking/paddleboarding programs are available.
  • Grinnell's Beach: Known for its excellent windsurfing area, changing rooms, showers, and shaded seating. Offers a view of the Sakonnet River and Portsmouth shoreline.

Shopping and Dining

  • Tiverton Four Corners: Stroll through this quaint 18th-century New England village, visiting cozy shops, galleries, and enjoying gourmet food, pastries, and handmade ice cream.

Libraries

  • Tiverton Public Library: A modern library with a meeting hall, teen room, cafe, children's library, and public courtyard spaces. Also, visit the historic Union Public Library in the Tiverton Four Corners district.

Insider Tips for Airbnb Hosts

Getting Around

  • Biking: Recommend the bike route through Portsmouth and Tiverton that crosses the new Sakonnet River Bridge for a scenic ride.

Seasonal Activities

  • Spring: Inform guests about the beautiful daffodil planting at the Four Corners Arts Center Sculpture Park in April.
  • Summer: Highlight the seasonal curated shows at the Four Corners Arts Center and the availability of water sports rentals at Fogland Beach.

Local Events

  • Performance Events: Let guests know about scheduled performance events at the Four Corners Arts Center and the Meeting House.

Dining Recommendations

  • Local Eateries: Suggest visiting the award-winning food purveyors in Tiverton Four Corners for a gourmet cheese & charcuterie platter, picnic lunch, or a relaxing sit-down meal.

Outdoor Activities

  • Conservation Lands: Guide guests to the extensive hiking trails, conservation lands, and wildlife habitats in Tiverton, including Weetamoo Woods and Ft. Barton Woods.

Historical Insights

  • Historic Sites: Provide information about the historical significance of sites like Ft. Barton and Weetamoo Woods, which offer a glimpse into Tiverton's rich history.

By sharing these local attractions and insider tips, you can enhance your guests' experience and help them fully appreciate the charm and beauty of Tiverton, Rhode Island.

Practical Tips

Practical Tips to Run a Successful Short-Term Rental Business in Tiverton, Rhode Island

To operate a successful short-term rental business in Tiverton, Rhode Island, several practical tips can help you navigate local regulations and enhance the guest experience.

Noise Regulations and Guest Communication

Inform your guests about quiet hours to comply with Tiverton's noise regulations and maintain harmony with the neighborhood. Include clear guidelines on quiet hours in both 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 appliance usage to emergency contact details, ensuring guests have all the information they need at their fingertips.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with a unique access code and detailed instructions on how to enter the property. This not only enhances convenience but also reduces the likelihood of check-in issues.

Parking Instructions

Include parking instructions with photos in your house manual to help guests understand where and how to park. This is particularly important in Tiverton, where parking can be a concern, especially in residential areas. Clear instructions can prevent parking-related issues and ensure a smooth stay for your guests.

By following these tips, you can ensure compliance with local regulations, improve guest satisfaction, and maintain a positive reputation for your short-term rental business in Tiverton.

Local Vendors

Here is a brief list of house cleaning providers in Tiverton, Rhode Island:

House Cleaning Providers in Tiverton, RI

Southcoast Cleaning Company

  • Specializes in residential, commercial, and post-construction cleaning.
  • Offers meticulous cleaning of bathrooms, bedrooms, living rooms, and kitchens.
  • Backed by a 15-year heritage of quality cleaning and friendly service.

Sakonnet Cleaning Services

  • Provides residential cleaning services, including standard home cleaning, deep cleaning, move-in/move-out cleaning, and specialized services.
  • Serves Tiverton, Portsmouth, Middletown, Little Compton, and surrounding areas.
  • Uses industry-leading tools and eco-friendly cleaning products.

Clean & Pristine House Cleaning

  • Offers various cleaning services such as recurring cleans, move-in/out, vacation rentals, deep cleans, and new construction cleans.
  • Provides instant quotes and swift, professional service.

For additional options and reviews, you can also refer to:- Angie's List: Top 10 Best House cleaners in Tiverton, RI.- Care.com: TOP 10 House Cleaning Services in Tiverton, RI.

Management fees

Managing Short-Term Rentals in Tiverton, Rhode Island: Understanding Management Fees

In Tiverton, Rhode Island, the management fees for short-term rentals typically 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, tends to be on the higher end of this spectrum. In contrast, basic services that only cover essential tasks may incur lower fees. Additionally, property owners may need to account for extra fees related to cleaning, repairs, or interior design, which can vary based on the specific needs and amenities of the property. This fee structure aligns with industry standards, where the cost reflects the level of involvement and the demand of the rental market, particularly in high-demand areas like Tiverton.

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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 Tiverton 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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50+ Top Booking Channels
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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 Tiverton.

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 Rhode Island