With top U.S. vacation cities like Orlando, Miami, and Fort Lauderdale, it’s easy for property owners looking to succeed on sites like Airbnb to overlook another outstanding Florida city: Tampa.
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,
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.
https://onefinebnb.com/wp-content/uploads/2020/03/tampa-airbnb-management-company.jpg8031200One Fine BnBhttps://onefinebnb.com/wp-content/uploads/2020/08/onefinebnbLOGO-cropped-300x150.pngOne Fine BnB2020-03-10 11:35:372020-08-03 18:34:45Tampa: a Not-so-Secret Gem on Airbnb for Vacation Rental Owners
Bradenton, FL property owners say local regulations governing short-term vacation rentals are filled with “garbage.” They have a point.
When Ordinance 17-476 went into effect, owners of some vacation rental properties that required side yard trash pickup service missed that fact. It was easy to overlook, because the only way to know was to read the Ordinance, which doesn’t exactly contain consumer-friendly language.
The side yard trash pickup requirement doesn’t apply to vacation rental properties exempt from TPLE regulations and licensing requirements. That’s because those properties are located in the Planned Development, Mixed-Use, Limited Commercial, or General Commercial zoning districts.
The side yard pickup requirements also don’t pertain to vacation rentals in R-1 and R-2 residential zones if a property owner lives in part of the home or duplex, or the property has onsite management at least six hours a day.
Got it? We didn’t think so. And that’s just a portion of what Bradenton, Florida vacation rental property owners who go it alone need to know relating to garbage. There’s plenty more where that came from on the regulatory front.
Hence, the tip at the top: if you prefer to leave the regulatory side of the Bradenton vacation rental owner experience to professionals and largely sit back and collect a direct deposit each month, speak with us.
One Fine BnB manages every important aspect of the Bradenton vacation rental experience, from listings on sites like Airbnb to communications with guests. As well as price optimization, housekeeping, turnover, review management, and more. We can even be your trusted adviser when it comes to major issues like the cost-effectiveness of potential property improvements and the best vacation rental for you to buy next.
Schedule a complimentary consultation with a One Fine BnB expert on Bradenton short-term vacation rental management. If you qualify, you’ll receive a free revenue projection for your property. You’ll learn how One Fine BnB makes the entire process exceptionally easy – and free of the “garbage” other owners endure.
https://onefinebnb.com/wp-content/uploads/2020/01/Bradenton-airbnb-management.jpg7971200One Fine BnBhttps://onefinebnb.com/wp-content/uploads/2020/08/onefinebnbLOGO-cropped-300x150.pngOne Fine BnB2020-01-24 15:00:402020-08-10 19:01:55Tip for Bradenton Vacation Rental Owners: Leave Regulations – and Profit Maximization – to a Full-Service Vacation Rental Manager
Realtor.com recently listed Miami as America’s fourth most profitable city for vacation rentals. It’s no mystery why.
Miami beaches are, of course, gorgeous. And they sit in an urban setting with something for almost everyone … throughout every season. For owners of vacation rentals, that’s a significant advantage. Unlike other tourist spots, visitors flock to Miami in the winter and in other seasons.
Vacation rental experts consider the city a year-round opportunity. And the best vacation rental managers in Miami know how to make the most of that opportunity. But we’ll get to that in a moment after we cover the caveats.
Miami-Dade County regulations governing short-term vacation rentals are … well, fairly lengthy. And for some, they’re confusing. Truth be told, the county ordinance is considered one massive pain in the butt by a good number of Miami property owners. But ignore them at your own peril: penalties have run in the thousands of dollars for some violators.
And this may come as no surprise: many Miami owners, like you, want to capitalize on the excellent opportunity in short-term vacation rentals. So, it’s fair to say this is one hotly competitive market.
Success in the Miami vacation rental market means all major elements must be nailed – from regulatory compliance to daily pricing … cleaning services to listings on Airbnb and other sites.
A small percentage of owners have the desire, time, and skill to handle everything on their own – and do it well. Many others have found success by turning to one of the few high-quality and highly-economical services focusing on Airbnb property management. That’s us. At One Fine BnB, you mainly sit back and receive a direct deposit for your Miami vacation rental property each month. While we do the work.
Find out more by getting our complimentary guide, Capitalizing on the Vacation Rental Boom: 8 Keys to Success.
https://onefinebnb.com/wp-content/uploads/2019/06/Airbnb-Miami-Beach-Florida.jpg5941294One Fine BnBhttps://onefinebnb.com/wp-content/uploads/2020/08/onefinebnbLOGO-cropped-300x150.pngOne Fine BnB2019-10-14 17:05:502020-08-25 19:13:51Miami Vacation Rental Management: Yep, The Local Market Is Booming – But Be Careful