Are you a property owner in Boise, Idaho, exploring the lucrative world of rental investments? As leading property management experts in Boise, we understand the importance of choosing the right rental strategy to maximize your returns. So, what are the key differences between short-term and long-term rentals? We'll answer the most common questions and considerations to help you make informed decisions for your Boise investment property. Whether it be listing on Airbnb, VRBO, CozyCozy, RentCafe, Vacasa or Furnished Finder, we're here to help!

In Idaho, short-term rentals (STR) typically refer to accommodations rented out for periods of fewer than 30 consecutive days. These rentals include vacation homes, Airbnb listings, and other transient lodging options. The short-term Boise rental license fee is $80 every year. It's essential for property owners to familiarize themselves with local regulations and zoning laws governing short-term rentals in Boise and ensure compliance with legal requirements.

Yes, Airbnb and other short-term rental platforms are legal in Boise, Idaho. However, property owners must adhere to specific regulations and licensing requirements imposed by the city. The licensing requirements for Boise came into effect on May 2022 and need to be renewed annually. There has also been discussing on stricter policy to enforce this requirement in recent months.

Boise, Idaho, is widely regarded as a thriving Airbnb market, attracting both leisure and business travelers throughout the year. With its vibrant culture, scenic beauty, and growing tourism industry, Boise offers ample opportunities for property owners to capitalize on short-term rental demand and generate substantial rental income. However, it is important to consider the negative impact an increased short-term rental market can have on Boise, possible new regulations and over saturation of the market before pursuing this strategy. For a detailed report on what your property could rent for, visit our Rental Analysis or Market Pulse Page.

When it comes to rental income, the debate between long-term and short-term rentals (STR) is ongoing. While short-term rentals often command higher nightly rates, long-term rentals offer consistent, steady income with fewer vacancies. Factors such as location, property type, and demand can significantly impact profitability for both rental strategies. There are just simply too many factors to consider to answer this question directly, many of which are unknown for the future. It is important to fully understand all the risks associated with each strategy and make sure you are comfortable with those risks.

While short-term rentals can be lucrative, they may also pose challenges and negative effects for communities and neighborhoods. Common concerns in Boise include noise disturbances, parking issues, increased traffic, security risks, higher energy consumption, increased waste, lower housing supply and disruptions to residential areas. Boise investment property owners must balance the benefits of short-term rentals with the potential impact on local communities and quality of life.

While short-term rentals have historically performed well during economic downturns, they are not entirely recession-proof. Market fluctuations, changes in travel patterns, and external factors can impact short-term rental demand and profitability. As we saw from COVID, unforeseen circumstance can dramatically affect the profitability of Airbnb's and VRBO's in Boise. Property owners should diversify their rental portfolios and implement strategic management practices to mitigate risks during economic downturns. Read our blog on the Boise housing market boom and migration of residents from neighboring states.

Some cities have implemented restrictions or outright bans on Airbnb and other short-term rentals due to concerns over housing affordability, neighborhood stability, and compliance with local regulations. These restrictions aim to address issues such as housing shortages, rising rents, and the commercialization of residential properties. With the City of Boise moving to strictly enforce their short-term rental licensing requirements, there is no telling what the future holds from a regulatory standpoint.

Short-term rentals in Boise can be a lucrative investment opportunity for property owners willing to invest time and resources into effective management strategies. However, success in the short-term rental (STR) market requires careful planning, diligent property management, and a thorough understanding of local regulations and market dynamics. Although it may seem attractive from a gross revenue perspective, short-term rentals can require much more work and incur added costs.

Since Airbnb was founded in 2008, it has seemed to grow in popularity every year. In mid 2023, there were many reports of short-term rental markets falling and revenues being slashed, to what degree, is still debated. There has definitely been a saturation and pull back in many markets. With increased fees, long check-in and check-out processes, need to communicate with hosts as well as general responsibilities associated with Airbnb's, hotels are once again becoming a popular choice for leisure and business travelers alike. While the initial boom in Airbnb and short-term rentals may have stabilized, the industry continues to evolve and adapt to changing consumer preferences, travel trends and new regulation. With proper management and strategic marketing, property owners can still capitalize on the growing demand for short-term accommodations in Boise and other desirable destinations. Here's another great article on the latest after the so called "collapse". Link

For property owners seeking efficient management solutions for short-term rentals, several software platforms cater to short-term rental management and vacation rental management. Popular options include Airbnb's own management tools, as well as third-party platforms like Hostaway, OwnerRez, Guesty, Hostfully, and Your Porter App. These software solutions streamline booking management, guest communication, and property maintenance for seamless operation.

Mid or medium term rentals are rental properties that have tenancies from more than 30 days to less than 12 months. Tenants for this type of rental can include travel nurses, business professionals on a work assignment, divorcee's or individuals and families that need temporary housing before purchasing or moving into their own home. The average length of tenancy is 3 months. It has become an increasingly popular concept as younger generations' personal and professional goals have shifted and the idea of flexibility and mobility are more desired. Mid term rental properties, as you would expect, are in between short and long term rentals in relation to costs, nightly revenue, work required and turnover. Furnished Finder is a great tool to use if interested in this particular strategy.

Deciding whether to hire short-term property management for your Boise Airbnb property is a significant consideration for property owners. While managing your Boise Airbnb listing independently offers greater control and potentially higher profits, it also requires considerable time, effort, and expertise in guest communication, property maintenance, and marketing. Hiring a reputable Airbnb property management company can alleviate the burden of day-to-day management tasks, ensuring seamless guest experiences, optimal occupancy rates, and enhanced property performance. A short-term Property manager handles everything from guest inquiries and check-ins to cleaning and maintenance, allowing Boise rental property owners to enjoy passive income without the stress and hassle of hands-on investment property management. Ultimately, the decision to hire a vacation rental manager for your Airbnb investment property depends on your availability, resources, and investment goals. Consulting with experienced property management Boise professionals can help you evaluate your options and make informed decisions that align with your needs and objectives. Be sure to read our blog on hiring a property manager in Boise.

Choosing the right neighborhood for a short-term rental investment is critical for success. Prime locations near tourist attractions, amenities, walkable areas, great restaurants, and transportation hubs drive demand and occupancy rates. In Boise, the North End and Bench have seen a lot of short-term rental property growth due to their access to the Boise River Greenbelt, Hyde Park, downtown, foothills and some of our top restaurants and bars! The new zoning code in Boise has also opened up opportunities for short-term rentals in these areas through allowing commercial spaces for coffee shops in residential neighborhoods and easing ADU restrictions.

With all the competition in the Boise short-term rental (STR) market, it can be difficult to stand out and prosper. To succeed in short-term rentals, property owners must not only prioritize guest satisfaction, maintain high standards of cleanliness and hospitality, and leverage technology to streamline operations, but also go above and beyond what all other competitors are offering. Additionally, effective pricing strategies, targeted marketing efforts, and proactive property maintenance are essential for maximizing occupancy rates and rental income.

In conclusion, whether you opt for short-term or long-term rentals in Boise, Idaho, success in the rental market requires careful consideration of various factors, including market demand, property characteristics, and management resources. As experienced Boise property management professionals, we're here to provide expert guidance and support to help you achieve your investment goals. Contact us today to learn more about our comprehensive property management services tailored to your needs and objectives.