Why do One Fine BnB vacation rental property managers consider Tampa an outstanding Airbnb opportunity? The reasons are many.
Let’s start with an important but oft-overlooked area: higher ed. Tampa boasts two major universities: The University of Tampa (known locally as “UT”) and the University of South Florida (“USF”). Combined, the Tampa campuses of these two schools have more than 40,000 students. Many parents and siblings of UT and USF students prefer the advantages of vacation rentals on Airbnb over conventional options.
An even less widely known Tampa attraction is Ybor City. Called “America’s Cigar Capital,” Ybor is a bona fide cigar vacation destination. (Don’t worry: a “no smoking” rule ensures vacationers won’t treat your property as a cigar lounge.)
But Ybor City is much more than a cigar mecca. Ybor’s 7th Avenue, an area often compared to Bourbon Street in New Orleans, was recognized as one of the “10 Great Streets in America.” Its rich architectural and cultural history made it a National Historic Landmark District. Development is accelerating in Ybor City and we expect this to drive increases in demand for vacation rentals.
Of course, attractions like Busch Gardens continue to draw a massive number of vacationers. With more than four million visitors in 2018, Busch Gardens ranks as one of America’s most popular attractions. Add the Tampa Riverwalk, Glazer Children’s Museum, George Steinbrenner Field, Henry Plant Museum, Bayshore Boulevard, and other attractions, and a compelling argument can be made for Tampa property owners to be part of the “sharing economy.”
And what about vacation rental regulations?
We rate the Tampa regulatory environment as more favorable than many other cities. One Florida plan under consideration would require sites like Airbnb to collect and remit taxes on properties listed on their sites. Among other things, they’d also be required to ensure that only properly licensed rentals are listed. But that controversial measure was recently described as apparently “doomed.”
Tampa data on AirDNA displays a $125 average daily rate, 68% average occupancy rate, and $1,912 in average monthly revenue (it runs as high as $3,077 in March and as low as $1,200 in October). The site shows 2,776 active rentals in Tampa, with 81% listed on Airbnb. Rentals have grown continually each quarter since at least Q4 2016.
Want to discover how to maximize the odds of having your vacation rental beat the Tampa average? Download our FREE guide,
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This guide takes you through the big contributors to success on and off Airbnb: optimizing your property’s online exposure; listing your site for the very best results; communicating properly with inquirers and renters; pricing your property to maximize your income; the importance of sweating the details; and how to know if you’re a good candidate to go it alone or work with the best Tampa vacation rental property manager you can find. Get this free guide now.
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