The short-term rental market in Tulsa, Oklahoma is experiencing significant growth, driven by high demand from travelers and business visitors, and is positively impacting the local economy with increased tourism and job creation.
Thriving Short-Term Rental Market in Tulsa, Oklahoma
Tulsa, Oklahoma, is experiencing a robust and promising short-term rental market, making it an attractive destination for both travelers and investors. With an average occupancy rate of 53%, Tulsa's short-term rentals are consistently in demand. The average daily rate (ADR) for these rentals stands at approximately $163 per night, or around $176.6 as per some sources, indicating a healthy revenue stream. This convergence of history, culture, and outdoor activities, coupled with amenities like the Gathering Place and the vibrant Brady Arts District, positions Tulsa as a compelling choice for visitors and a lucrative opportunity for those investing in the short-term rental market.
Short-Term Rental Regulations in Tulsa, Oklahoma for 2024
Licensing and Registration
- Short-Term Rental License: Required for all short-term rental operators before advertising or renting the unit. The license costs $375 annually, which includes a $75 license fee and a $300 implementation and compliance fee.
- Annual Renewal: Licenses expire on June 30 of each year and must be renewed annually.
- Required Documents: Include dwelling unit information, operator information, written consent by the owner, local contact person information, and online listings.
Occupancy and Guest Limits
- Maximum Occupancy: No more than 8 occupants are allowed at any short-term rental unit, regardless of the size of the unit. Additionally, units are bound by square footage-based occupancy limitations.
Zoning and Land Use
- Permitted Zoning Districts: Short-term rentals are allowed in all zoning districts, provided a STR License is obtained.
- Compliance with Zoning: STRs must align with the defined purpose of the dwelling unit within the respective zoning district.
Taxes and Fees
- Lodging Tax: Operators with five or more rooms (including bedrooms, bathrooms, etc.) must collect a 5% lodging tax and remit it monthly to the City of Tulsa.
Operational Requirements
- Local Contact Person: A local contact person must be available at all times and respond within one hour of being contacted by the City.
- Nuisance Prevention: Operators are responsible for preventing nuisance behavior and maintaining neighborhood peace and quiet.
- License Display: The STR license must be posted within the interior of the rental in a noticeable location near the main entry.
Prohibited Activities
- Events and Parties: All parties, meetings, receptions, or events of any kind are expressly prohibited at short-term rental units.
Enforcement and Penalties
- Compliance Monitoring: Properties may be subject to routine checks to ensure compliance with regulations.
- Penalties for Non-Compliance: Violations constitute a criminal misdemeanor offense, punishable by up to $1,200. Additional civil remedial penalties of up to $1,000 per day, withholding or revoking permits, and other remedies may also apply.
Neighborhood Covenants
- Enforcement: City of Tulsa Code Officers cannot enforce neighborhood covenants; these must be enforced by the applicable neighborhood association.
Other Regulations
- RV Occupancy: Occupying a recreational vehicle on the property while the home is occupied by a short-term rental guest is prohibited, except at RV parks and campgrounds.
- Dispute Resolution: City officials cannot resolve disputes between STR guests and the operator; they can only enforce applicable regulations.
Top Neighborhoods for Airbnb Revenue in Tulsa, Oklahoma
1. Downtown Tulsa
- Appeal: Downtown Tulsa is a hub for nightlife, entertainment, and convenience. Guests love the proximity to key attractions such as the BOK Center, Cox Business Center, Cain’s Ballroom, and the Blue Dome District, which is renowned for its craft breweries, restaurants, and vibrant nightlife.
- Popular Listings: Properties like the "Downtown Balcony" and "Perfectly Located Cozy Apt Downtown" are highly rated for their modern amenities, fully stocked kitchens, and walking distance to major venues.
2. Brookside
- Appeal: Brookside offers a charming and lively atmosphere with easy access to restaurants, shops, and the acclaimed Gathering Place park. It is also close to the Philbrook Museum of Art and other downtown attractions.
- Popular Listings: Homes such as the "Serene 10 min to Expo, long driveway Master Suite" and "Remodeled 3-bedroom bungalow in Brookside" are favorites for their updated amenities and convenient location.
3. Midtown Tulsa
- Appeal: Midtown Tulsa provides a central location with easy access to various parts of the city. It is known for its beautifully renovated homes and amenities like hot tubs and spacious kitchens.
- Popular Listings: The "Midtown Masterpiece w/Hot Tub, pets by HVNLYhomes" is a top choice for its luxurious primary-suite loft and fully privacy-fenced yard.
4. Historic Owen Park Neighborhood
- Appeal: This neighborhood is appealing due to its historic charm and proximity to downtown Tulsa. Guests enjoy the private, cozy, and eclectic atmosphere of cabins like "An Artist's Cozy Log Cabin Minutes From Downtown".
- Popular Listings: The cabin surrounded by an artist couple's one-acre garden is a favorite for couples and writers seeking a relaxing retreat.
5. Kendall Whittier Square
- Appeal: This area is an upcoming hot spot with an active community, outdoor patio bars, local restaurants, cafes, and breweries. It is close to downtown, the University of Tulsa, and the Expo Center.
- Popular Listings: The "BOHO Bungalow|KS Bed|Near Expo/Downtown/TU" is highly rated for its bohemian decor and convenient location near weekend events and the Tulsa Farmers Market.
These neighborhoods are highly appealing due to their combination of convenience, amenities, and access to Tulsa's best attractions, making them top generators of Airbnb revenue in the city.
Furnishing and Design Tips for an Inviting Airbnb in Tulsa, Oklahoma
Defining Your Property's Aesthetic
- Define your property's aesthetic based on Tulsa's unique style and your target market. Incorporate local touches such as locally themed artwork and decor to give your space a distinct character.
Choosing Functional and Comfortable Furniture
- Select furniture that is both functional and comfortable. Opt for pieces like storage beds, sofa beds, and folding tables that serve multiple purposes and save space.
Maintaining Cleanliness and Durability
- Pick furniture that is easy to clean and maintain. Avoid materials like real and faux leather, and opt for high-quality, durable items such as memory foam mattresses and solid beds.
Optimizing Layout and Lighting
- Measure your rooms to determine the best layout. Ensure there is plenty of space to move around and that natural light sources are not blocked. Use mirrors to make the space feel bigger and brighter.
Providing Essential Amenities
- Include essential amenities such as a hairdryer, basic toiletries, a first-aid kit, and high-quality towels. Provide ample storage for guests' personal items and ensure there are power sockets near mirrors and desks.
Enhancing the Kitchen
- Stock the kitchen with basic cookware, utensils, and dinnerware. Add extras like a good blender, sharp knives, and a corkscrew. Ensure there is sufficient storage for food and include sealed containers for leftovers and dry goods.
Creating a Work-Friendly Environment
- For guests who need to work, provide a sturdy desk, a comfy chair, good lighting, and easy access to power outlets. High-speed internet and a Wi-Fi booster (if necessary) are crucial for business travelers and digital nomads.
Ensuring 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.
Timing Your Updates
- Plan furniture updates during the off-season or short gaps between bookings to minimize disruption to your guests. This ensures your property remains in top shape for guests.
Budgeting and Theme Consistency
- Stick to your theme and budget. Choose timeless, sturdy pieces that will last, and ensure consistency in items like white linens to maintain a hotel-like feel.
Adding Local Flavor
- Incorporate local touches such as a guidebook to Tulsa, recommendations for local restaurants and attractions, and locally themed decor to enhance the guest experience.
Discover Tulsa: Local Attractions and Insider Tips for Your Visit
Route 66 Landmarks and Quirky Attractions
- The Blue Whale: A iconic roadside attraction in Catoosa, just east of Tulsa. Perfect for photos and a unique souvenir stop.
- Buck Atom's Cosmic Curios: Home to a 21-foot fiberglass "muffler man" holding a rocket ship, along with a souvenir shop and the new addition, Stella Atom, a 19-foot cosmic cowgirl.
- Decopolis 66: A mini city with Tulsa-themed souvenirs, gifts, and an Art Deco "museum" next to Buck Atom's.
- Meadow Gold Sign: A restored neon sign with historical plaques, located near the You Said We Couldn’t Do It mural.
Cultural and Historical Sites
- Cyrus Avery Centennial Plaza and 11th Street Bridge: Honoring the "Father of Route 66," this plaza offers a glimpse into Tulsa's history.
- Greenwood Cultural Center: Explore the rich history of the African American community in the historic Greenwood District, known as "Black Wall Street".
- The Outsiders House and Museum: A must-visit for fans of S.E. Hinton's novel and the film adaptation.
Outdoor Activities
- Gathering Place: A 66-acre urban park with playgrounds, walking trails, paddleboarding, and various fitness activities. Named America's Best New Attraction in 2019.
- Tulsa Botanic Garden: A serene escape with beautiful gardens and outdoor activities.
- Turkey Mountain Urban Wilderness Area: Part of the Tulsa River Parks system, offering hiking, mountain biking, and horseback riding trails with stunning views of the city skyline.
Entertainment and Dining
- Blue Dome Entertainment District: A vibrant area filled with trendy eateries, local pubs, indie boutiques, and nightlife venues. Includes the historic Blue Dome gas station.
- Mother Road Market: A food hall featuring a variety of local vendors and cuisines.
- Tally's Good Food Cafe: Known for its classic American comfort food and nostalgic atmosphere.
Museums and Art
- Gilcrease Museum: Home to one of the world’s most comprehensive collections of Western art, artifacts, and historical manuscripts. Includes themed gardens and interactive collections.
- Tulsa Art Deco: Explore the city's stunning Art Deco architecture, including landmarks like the Boston Avenue Methodist Church and the Philtower Building.
Insider Tips
- Elle’s Cafe: For a break from traditional Route 66 fare, try this cafe for Lao and Vietnamese cuisine.
- The Cave House: While it's private property, the exterior of this unique sandstone house is worth a visit.
- Local Murals: Tulsa is known for its vibrant murals; check out the You Said We Couldn’t Do It mural near the Meadow Gold Sign and other notable murals around the city.
By sharing these attractions and tips, you can help your guests experience the best of what Tulsa has to offer.
Practical Tips to Run a Successful Short-Term Rental Business in Tulsa, Oklahoma
To ensure the success and smooth operation of a short-term rental business in Tulsa, Oklahoma, several practical tips can be implemented. Here are some key considerations:
Noise Regulations and Quiet Hours
Inform your guests about quiet hours and noise regulations to maintain a harmonious environment, especially in residential areas. Clearly communicate these rules in your house manual and through pre-arrival messages to avoid any potential issues.
Creating a Comprehensive House Manual
Develop both digital and physical house manuals that include essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also outline the house rules, including noise regulations, to ensure guests are well-informed and respectful of the property.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with detailed instructions on how to access the property, along with photos of the lock and any other relevant entry points.
Parking Instructions
Include clear parking instructions in your house manual, accompanied by photos to help guests identify designated parking areas. This can prevent confusion and potential parking violations, especially in areas with specific parking regulations.
By implementing these strategies, you can enhance the guest experience, reduce potential issues, and maintain a positive reputation for your short-term rental business in Tulsa.
Here is a brief list of house cleaning providers in Tulsa, Oklahoma:
House Cleaning Services in Tulsa, OK
Merry Maids of Tulsa
- Offers thorough and reliable home cleaning services
- 40 years of experience
- Winner of several local awards
- Flexible scheduling options
- Father-to-daughter family-run business.
Katie's Peachy Clean
- Eco-friendly house cleaning services
- Certified Professional House Cleaners
- Child and pet-friendly cleaning products
- Same maid for scheduled cleanings
- Fully insured.
CottageCare
- Eco-friendly products
- 100% Money Back Guarantee
- Flexible service options including weekly, bi-weekly, and monthly cleanings
- Services include kitchen, bathroom, surface dusting, furniture cleaning, and more
- Serves Tulsa and surrounding areas.
Molly Maid of Greater Tulsa
- Custom cleaning services tailored to individual needs
- Highly skilled and experienced cleaning professionals
- Neighborly Done Right Promise for satisfaction guarantee
- Services include home cleaning, move out cleaning, and recurring cleaning plans
- Serves Tulsa and surrounding communities.
Tulsa, Oklahoma, Short-Term Rental Management Fees: A Breakdown of Costs and Services
In Tulsa, Oklahoma, the fees for managing short-term rental properties 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 guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often around 20-30% of the revenue.
Basic services, such as rent collection and tenant screening, may incur lower fees, generally around 10% of the gross rent. Additionally, hosts may need to account for other fees, such as cleaning fees, repair costs, and design or amenity maintenance, which can be included in the overall management fee or charged separately.
Understanding these fee structures is crucial for hosts to manage their expenses effectively and ensure compliance with Tulsa's short-term rental regulations.