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Top 10 Places to Start an Airbnb Business in Oklahoma City

Top 10 Places to Start an Airbnb Business in Oklahoma City: Wondering where the best places to Airbnb in Oklahoma City are? Here you’ll find profitable areas in OKC along with their respective Airbnb data.

best places to Airbnb in Oklahoma City

Wondering where the best places to Airbnb in Oklahoma City are? Here you’ll find profitable areas in OKC along with their respective Airbnb data.

Key Takeaways

  • The affordable real estate market and economic strength of Oklahoma City have helped many Airbnb hosts to earn a good passive income with short-term rentals. 
  • Learn the advantages that investors have when investing in short-term rentals in Oklahoma City and nearby areas.
  • Find out the best neighborhoods and nearby cities in OKC along with their recommended property types, median housing values, and respective Airbnb data.

Introduction

Oklahoma City is the capital of the state and also the economical region. It’s a big urban area with a small-town charm that offers plenty of recreational activities, restaurants, performing arts centers and interesting museums. 

With a diversified economy and a growing tourism industry, Oklahoma City can easily draw investors’ attention. But here’s the big question, “where are the most profitable areas for Airbnb in Oklahoma City?” – we got you!

In this article, we feature the best places to do Airbnb in Oklahoma City and some of the expectations for Airbnb investment properties in Oklahoma City. Continue reading to learn more.

Why invest in an Airbnb in Oklahoma City?

Are you thinking of investing in a real estate property in Oklahoma City? If so, then you should know that this is a great way of achieving financial freedom.  This is because Oklahoma City offers profitable opportunities for real estate investors. This city allows locals and visitors alike to immerse themselves in the legacy of the old West. But what are the advantages offered by this location to property investors? Check out some of the major reasons why investing in Airbnb property investments in OKC is a great idea: 

  • Attractive housing market

One of the advantages of buying an investment property in Oklahoma City is that the housing values are fairly affordable compared to many other major cities. The median property price is $188,077, which is 23% lower than the national average. In addition to this, Oklahoma also has a low cost of living that is 12% cheaper compared to the national average.

  • Diversified and strong economic region

Oklahoma City is the most important economic area in the state. It owns a diversified economy with aviation, aerospace, bioscience, energy and logistics. Its major industry sectors play a significant role in OFC’s economy. There are many job opportunities, thus, more and more people are moving to the city at a steady rate. Currently, the unemployment rate in Oklahoma is 2.4%.

  • OKC is a growing tourist destination

In the past few years, Oklahoma City’s tourism has been growing since it attracts more visitors year-over-year! In fact, OKC has a lot to offer to travelers even though it’s a big urban area. This includes its fascinating Native American history, the old West vibes, Route 66, and charming town vibes. Just in 2021, the city welcomed over 21M tourist arrivals!

Is Airbnb Profitable in Oklahoma City?

Airbtics confirms that Airbnb investment properties in Oklahoma City are certainly profitable. Still, investors should note that the level of profitability highly depends on the property type and location.

According to Airbtics’ data, an Airbnb host can expect an average annual revenue of $48,563 and a median occupancy rate of 60% for operating a 4-bedroom property in Oklahoma City.

best places to Airbnb in Oklahoma City

Source: Airbtics Dashboard

The 10 Best Places to Airbnb near Oklahoma City

Oklahoma City is the largest city in the state and it has 220 diverse neighborhoods. So it’s understandable if you’re having a hard time choosing the ideal location for real estate investments in Oklahoma City!

Check out the best neighborhoods and nearby cities in Oklahoma City that are highly recommended for starting an Airbnb business:

airbtics-logo-300x87
Location Number of Airbnb Listings Best Number of Bedrooms Median Property Price Airbnb Annual Revenue GRY
Downtown Oklahoma City 61 3 Bedrooms $270,000 (3 BD) $69,865 25.88%
Woodland Park, OKC 11 3 Bedrooms $223,901 (3 BD) $44,390 19.83%
Classen-Ten-Penn, OKC 40 3 Bedrooms $245,000 (3 BD) $47,540 19.40%
Uptown Oklahoma City 108 3 Bedrooms $219,000 (3 BD) $39,471 18.02%
Gatewood UCD, OKC 42 3 Bedrooms $220,000 (3 BD) $32,109 14.60%
Edmond, OK (14 mi away) 79 3 Bedrooms $285,000 (3 BD) $36,422 15.58%
Tulsa, OK (93 mi away) 318 3 Bedrooms $177,500(3 BD) $38,719 21.81%
Muskogee, OK (138 mi away) 12 3 Bedrooms $170,000 (3 BD) $31,059 18.27%
Denton, TX (158 mi away) 65 4 Bedrooms $399,900 (4 BD) $76,598 19.15%
Fort Worth, TX (187 mi away) 666 2 Bedrooms $220,000 (2 BD) $44,629 20.29%

Airbnb Location

Airbnb Dataset

Downtown Oklahoma City

  • Total Number of Airbnb Listings: 61
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $270,000
  • Airbnb Annual revenue: $69,865
  • Gross rental yield: 25.88%

Woodland Park, OKC

  • Total Number of Airbnb Listings: 11
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $223,901
  • Airbnb Annual revenue: $44,390
  • Gross rental yield: 19.83%

Classen-Ten-Penn, OKC

  • Total Number of Airbnb Listings: 40
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $245,000
  • Airbnb Annual revenue: $47,540
  • Gross rental yield: 19.40%

Uptown Oklahoma City

  • Total Number of Airbnb Listings: 108
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $219,000
  • Airbnb Annual revenue: $39,471
  • Gross rental yield: 18.02%

Gatewood UCD, OKC

  • Total Number of Airbnb Listings: 42
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $220,000
  • Airbnb Annual revenue: $32,109
  • Gross rental yield: 14.60%

Edmond, OK

  • Distance from Oklahoma City: 14 miles 
  • Total Number of Airbnb Listings: 79
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $285,000
  • Airbnb Annual revenue: $36,422
  • Gross rental yield: 15.58%

Tulsa, OK

  • Distance from Oklahoma City: 93 miles 
  • Total Number of Airbnb Listings: 318
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $177,500
  • Airbnb Annual revenue: $38,719
  • Gross rental yield: 21.81%

Muskogee, OK

  • Distance from Oklahoma City: 138 miles 
  • Total Number of Airbnb Listings: 12
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $170,000
  • Airbnb Annual revenue: $31,059
  • Gross rental yield: 18.27%

Denton, TX

  • Distance from Oklahoma City: 158 miles
  • Total Number of Airbnb Listings: 65
  • Best bedroom size: 4 bedrooms
  • Median property price (4 bedrooms): $399,900
  • Airbnb Annual revenue: $76,598
  • Gross rental yield: 19.15%

Fort Worth, TX

  • Distance from Oklahoma City: 187 miles 
  • Total Number of Airbnb Listings: 666
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $220,000
  • Airbnb Annual revenue: $44,629
  • Gross rental yield: 20.29%

Source: Airbtics Dashboard

Conclusion

Oklahoma City has many lucrative areas that offer good investment opportunities to Airbnb hosts. While there are plenty of neighborhoods and nearby cities in OKC that can bring attractive rental yields and annual revenue, it’s essential to analyze each of your options carefully.

Now that you found out the best places to Airbnb Oklahoma City, you should go further and check Airbtics’ Airbnb calculator. Choose to stand out among your competitors and maximize your profitability!

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Short-Term Rental Data
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Top 10 Profitable Places to do Airbnb in Las Vegas, Nevada

Best Places to Airbnb in Las Vegas: Wondering which places in Las Vegas are the best for Airbnb? Here we feature profitable areas in Las Vegas & their respective Airbnb data.

best places to Airbnb in Las Vegas

Wondering which places in Las Vegas are the best for Airbnb? Here we feature profitable areas in Las Vegas & their respective Airbnb data.

Key Takeaways

  • The real estate market in Las Vegas and its affordable cost of living allowed many property investors in the city to earn a good passive income. In addition to this, the tourism industry and business-friendly environment have also contributed to the success of Airbnb properties.
  • Find out the advantages for property investors who want to invest in Las Vegas and nearby areas in Nevada.
  • Discover the top 10 most profitable neighborhoods and nearby cities in Las Vegas along with their recommended property type, average housing price and respective Airbnb data.

Introduction

Las Vegas is best known as the entertainment capital of the world. It never disappoints anyone with its different exciting activities that are mostly for adults. On top of that, this city is one of the most visited destinations around the world!

This internationally renowned major resort city is widely known for its exciting nightlife, great restaurants, shopping, and fascinating thematic hotels. And of course, we can’t forget to mention gambling! 

You may be asking yourself: “which are the most profitable areas for Airbnb in Las Vegas?” – let us lend you a hand!

In this article, we will feature the best places to do Airbnb in Las Vegas and some of the expectations for buying investment properties in Las Vegas. Stoked to learn more? Then continue reading.

Why invest in an Airbnb in Las Vegas, Nevada?

Investing in real estate in Las Vegas is a great way of achieving financial freedom as it offers profitable opportunities for property investors. This city is widely known for its casinos and vibrant nightlife, but what are the advantages for investors if they invest in this city? Check out some of the reasons why buying an investment property in Las Vegas is a good idea: 

  • Affordable real estate

One of the top advantages of buying a short-term rental property in Las Vegas is that the housing prices are quite affordable compared to other major cities. The average property price is $389,830 with a 1-year value change of 4.4% as confirmed by Zillow Index. In addition to this, this city also has very low property taxes and requires no state income taxes!

  • Popular tourist destination

When it comes to tourism, Las Vegas stands out as one of the most visited cities in the world. So if you’re an investor who’s looking to cater to tourist accommodations, then you will find Las Vegas’ tourist market great. As a matter of fact, around 32,2M travelers visited this city just in 2021 and the numbers continue to grow each year after the pandemic.

  • Top-tier destination for investors

An Airbnb property investment can turn into a good source of passive income for hosts and targeting Las Vegas is a solid bet for investors. Aside from being a mecca for gambling and entertainment, Las Vegas is a fast-growing city with a business-friendly environment and affordable cost of living. Moreover, the city is not prone to natural disasters. Thus, it’s guaranteed that you will be getting a good return on investment without worrying about natural damages.

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Is Airbnb Profitable in Las Vegas?

Airbtics confirms that Airbnb investment properties in Las Vegas are lucrative. In fact, this city is one of the top Airbnb cities in the USA! However, investors should keep in mind that the level of profitability highly depends on the property type and its location.

According to Airbtics’ data, an Airbnb host can expect an average annual revenue of $56,585 and a median occupancy rate of 69% for operating a 4-bedroom property in Las Vegas.

best places to Airbnb in Las Vegas

Source: Airbtics Dashboard

The 10 Best Places to Airbnb near Las Vegas, NV

Las Vegas is the largest city within the greater Mojave Desert and is the most populous city in Nevada. It has many individual neighborhoods, so you may wonder which area should you choose to do real estate investments in Las Vegas – don’t worry, we got you!

Check out the best neighborhoods and nearby cities in Las Vegas, Nevada that are highly recommended for starting an Airbnb business:

airbtics-logo-300x87
Location Number of Airbnb Listings Best Number of Bedrooms Median Property Price Airbnb Annual Revenue GRY
Charleston, Las Vegas 190 4 Bedrooms $384,900 (4 BD) $111,121 28.87%
Angel Park, Las Vegas 66 3 Bedrooms $380,000 (3 BD) $61,806 16.26%
West Las Vegas 25 2 Bedrooms $295,000 (2 BD) $45,168 15.31%
Rancho Oakey, Las Vegas 39 3 Bedrooms $407,000 (3 BD) $79,663 19.57%
Summerlin, Las Vegas 53 3 Bedrooms $460,000 (3 BD) $69,692 15.15%
North Las Vegas, NV (3 mi away) 188 3 Bedrooms $375,000 (3 BD) $60,037 16.01%
Paradise, NV (12 mi away) 2.636 4 Bedrooms $475,000 (4 BD) $80,102 16.86%
Henderson, NV (13 mi away) 246 4 Bedrooms $575,000 (4 BD) $95,308 16.57%
Bullhead City, AZ (98 mi away) 113 3 Bedrooms $299,900 (3 BD) $51,650 17.22%
Joshua Tree, CA (157 mi away) 469 3 Bedrooms $459,000 (3 BD) $72,822 15.87%

Airbnb Location

Airbnb Dataset

Charleston, Las Vegas

  • Total Number of Airbnb Listings: 190
  • Best bedroom size: 4 bedrooms
  • Median property price (4 bedrooms): $384,900
  • Airbnb Annual revenue: $111,121
  • Gross rental yield: 28.87%

Angel Park, Las Vegas

  • Total Number of Airbnb Listings: 66
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $380,000
  • Airbnb Annual revenue: $61,806
  • Gross rental yield: 16.26%

West Las Vegas

  • Total Number of Airbnb Listings: 25
  • Best bedroom size: 2 bedroom
  • Median property price (2 bedroom): $295,000
  • Airbnb Annual revenue: $45,168
  • Gross rental yield: 15.31%

Rancho Oakey, Las Vegas

  • Total Number of Airbnb Listings: 39
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $407,000
  • Airbnb Annual revenue: $79,663
  • Gross rental yield: 19.57%

Summerlin, Las Vegas

  • Total Number of Airbnb Listings: 53
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $460,000
  • Airbnb Annual revenue: $69,692
  • Gross rental yield: 15.15%

North Las Vegas, NV

  • Distance from Las Vegas: 3 miles 
  • Total Number of Airbnb Listings:  188
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $375,000
  • Airbnb Annual revenue: $60,037
  • Gross rental yield: 16.01%

Paradise, NV

  • Distance from Las Vegas: 12 miles
  • Total Number of Airbnb Listings: 2,636
  • Best bedroom size: 4 bedrooms
  • Median property price (4 bedrooms): $475,000
  • Airbnb Annual revenue: $80,102
  • Gross rental yield: 16.86%

Henderson, NV

  • Distance from Las Vegas: 13 miles 
  • Total Number of Airbnb Listings: 246
  • Best bedroom size: 4 bedrooms
  • Median property price (4 bedrooms): $575,000
  • Airbnb Annual revenue: $95,308
  • Gross rental yield: 16.57%

Bullhead City, AZ

  • Distance from Las Vegas: 98 miles 
  • Total Number of Airbnb Listings: 113
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $299,900
  • Airbnb Annual revenue: $51,650
  • Gross rental yield: 17.22%

Joshua Tree, CA

  • Distance from Las Vegas: 157 miles 
  • Total Number of Airbnb Listings: 469
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $459,000
  • Airbnb Annual revenue: $72,822
  • Gross rental yield: 15.87%

Source: Airbtics Dashboard

Conclusion

Las Vegas has many profitable areas that offer great investment opportunities to investors. While there are plenty of neighborhoods and nearby cities in Las Vegas that can bring attractive rental yields and annual revenue, it’s certainly important to analyze them carefully.

After discovering the best places to Airbnb in Las Vegas, Nevada, we encourage you to go further and check Airbtics’ Airbnb profit calculator. Take the next step and maximize your profitability now!

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Find unsaturated neighborhoods with the highest occupancy history.

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All About Airbnb Hosting Tips

Airbnb Smoking Fee: How to Claim from Airbnb?

Airbnb Smoking Fee

Key Takeaways
  • Airbnb’s host damage protection covers every host’s claim for any damages, cleaning costs, or income lost. Particularly when guests damage certain belongings or leave a permanent stain. However, this excludes loss due to natural disasters, injury, and wear & tear items among others.
  • Learn how you can claim a smoking fee issue, Airbnb’s reimbursement process, and a free text template sample that you can use to send to Airbnb. We also threw out expert tips on how to avoid smoking issues in your listing.

Introduction

Getting rid of smoke odor can be a difficult task for hosts, especially if you have upcoming guests right after the stubborn guests checked out. The majority of hosts who have experienced the same issues have trouble claiming and understanding Airbnb’s process.

So how can Airbnb hosts claim smoking fees? How does Airbnb’s reimbursement process work and what are the requirements that you can provide?

This article will guide you through. If you have a strict no-smoking policy in your listing but still encounter such issues, then you’ve come to the right article.

We’ll feature Airbnb’s host damage protection and its exclusions, requirements to claim smoking fees, and more. Bonus: We also added a FREE text template sample that all Airbnb hosts can use. Continue reading and be knowledgeable about this process!

Requirements to Claim Smoking Fees on Airbnb:

While Airbnb does not specifically have any “smoking fees”, they can reimburse for cleaning costs. Before filing a complaint, your house rules must insist that smoking is prohibited

It’s also important to notify Airbnb right away during the guest’s stay as much as possible. If you asked the guests to stop smoking and they insist anyway, then Airbnb will allow charges. 

Here are some of the requirements that you’ll need to claim the Airbnb smoking fee:

  • Photos of cigarette packs, ashtrays, stains, or burns on surfaces
  • Video footage from security cameras (if applicable) showing guests smoking in or outside of your property 
  • Receipt for professional cleaning service
  • Warning messages from smoke detectors (if applicable)

Note: Airbnb allows hosts to make a claim within 14 days of the guest’s checkout date. The earlier you report, the better! Airbnb smoking fines can vary from $100 – $500, depending on the damages.

What does Airbnb Cleaning Fee Cover?

According to Airbnb Host Damage Protection, the following covers the host’s claims:

  • Damage to your property, furnishings, valuables, or belongings caused by guests 
  • Damage to parked cars, boats, or other vehicles caused by guests 
  • Unexpected or extra cleaning costs are necessary due to the behavior of a guest during an Airbnb stay. This includes professional carpet cleaning. 
  • Income loss if you need to cancel confirmed Airbnb bookings due to damage caused by a guest.

On a side note, some of the exclusions of Airbnb cleaning fee includes wear and tear items, loss due to natural disasters, and injury or property damage to guests as seen on Airbnb Host Liability Insurance. There are also certain exclusions that are on a case-to-case basis, so it’s always best to reach out to Airbnb support with sufficient documentation.

How to Claim Smoking Fees: Reimbursement Process of Airbnb

Whether the guests who violated your no-smoking policy on Airbnb are still on your property or have already checked out, here’s what you can do. All the evidence that you have which shows any proof of damage, photos, and video footage, should be submitted within 30 days.

  1. Request for money on the Resolution Center and file an AirCover for Hosts (within 14 days of the responsible guest’s checkout). 
  2. After you submit your AirCover for Hosts request, your guest will have 24 hours to pay. If they decline to pay the full amount or don’t respond, you’ll be able to involve Airbnb Support. 

FREE Airbnb Text Template Sample: Claiming Smoking Fees

Here’s a text template that you can use to report guests and request for cleaning costs to be covered:

Hi there! 

.

I would like to report the following guest (name/s) who checked in on (date and time) and checked out on (date and time).

.

These guests have clearly violated my house rules against smoking. I gave them a warning, had a couple of “no smoking signs” on my property, and a strict policy against smoking – but they refused to cooperate.

.

For this reason, I had to hire a professional cleaning service for intensive cleaning on my property as it’s difficult to remove the odor from (damaged furniture, linens, curtains, or soft furniture)

.

Please see the following receipt(s), photos, and video footage which serve as evidence of this claim. I look forward to your immediate help and assistance in this matter.

.

Kind regards,

.

(Your name)

Expert Tips: How to Prevent Smoking Fee Issues

Airbnb hosts who tried to claim extra cleaning fees (due to smoking guests) from Airbnb and failed to do so depend on a case-to-case basis. Therefore, to prevent smoking fee issues, here are some expert tips that you can follow:

1. Set out strict house rules against smokers

Let’s face it – there are still stubborn guests out there who violate rules despite clearly indicating them on your listing. You can set a couple of stickers or signs stating “no smoking allowed” on your property. Once your guests have confirmed their booking, you can also send a sample message as a reminder to Airbnb no smoking policy:

“Thank you for taking interest in our humble abode, (guest’s name)!  

.

Just wanted to confirm the dates of your stay – (number of people) on (date). Please don’t hesitate to reach out if you have any questions. I’d also like to remind you that our home is a non-smoking property and we look forward to your cooperation.

.

 Looking forward to welcoming you!

.

(Host’s name)

2. Install an outdoor security camera

While other hosts prefer not to install an outdoor security camera, it’s highly recommended. Not only for catching guests who violate certain house rules but also for utmost safety. There are several options for outdoor security cameras that you can take advantage of.

3. Utilize smoke sensors/detectors

Smoke sensors are not only beneficial for Airbnb properties but all properties in general. Aside from fire safety, cigarette smoke detector for Airbnb are important to use for hosts as they can warn you beforehand. The major perk is that you can report violators to Airbnb right away. Once installed, you can also add a “carbon monoxide detector” feature to your Airbnb listing.

Takeaway

Airbnb supports all hosts and has set certain standards for claiming reports such as additional pet cleaning costs, or in this case, smoking fees. 

In summary, if you’re wondering, “Does Airbnb refund cleaning fees”? The answer depends on the situation, but they usually refund it with sufficient documentation.

While it can certainly become a hassle for most hosts, you can follow our expert tips for prevention and avoid it from happening again. If you’re wondering whether your competitors within the area have a smoking policy, you can manually search through them on Airbnb, or use an Airbnb analytics tool like Airbtics. 

This tool will not only help you determine that – but also leverage your game in the industry by looking at emerging markets. It is also built to determine your profitability using an Airbnb income calculator and make the best investment decisions moving forward!

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