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Tampa: a Not-so-Secret Gem on Airbnb
for Vacation Rental Owners

tampa airbnb management company

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 Flat 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.

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Mountain View, Sunnyvale, and Los Altos Vacation Rental Management: a Snapshot

We’ll begin with a glance at key AirDNA statistics on vacation rentals in three Silicon Valley cities.

MOUNTAIN VIEW
Number of active rentals: 761 (54% entire home rentals)
Average daily rate: $204
Average occupancy rate: 73%
Average monthly revenue: $3,014
[source]

SUNNYVALE
Number of active rentals: 708 (46% entire home rentals)
Average daily rate: $179
Average occupancy rate: 74%
Average monthly revenue: $2,469
[source]

LOS ALTOS
Number of active rentals: 142 (50% entire home rentals)
Average daily rate: $231
Average occupancy rate: 68%
Average monthly revenue: $3,566
[source]

All three cities have room for occupancy improvement. Let’s say, with optimized vacation rental management, the average occupancy rate in each city rises to a level that raises average monthly revenue by 25%. In Mountain View, average monthly revenue would rise to $3,767 – an increase of $753 per month and $9,036 per year. In Sunnyvale, the increase would be $617 monthly and $7,404 annually. And in Los Altos, a 25% increase in average monthly revenue via property management improvements would result in monthly revenue growth of $891 and $10,692 a year.

What does it take to achieve that enviable level of improvement – or more? We spell it all out in a FREE guide,

In this complimentary guide for property owners looking to optimize every major aspect of vacation rental property management, you’ll discover:

  • How to maximize your exposure on the web (Hint: Airbnb is just the beginning)
  • What you need to know about online listings on sites like Airbnb to turn browsers into renters
  • The importance of optimizing communication with inquirers and renters to maximize your bottom line
  • What every vacation rental property owner should know about price optimization
  • Details that heavily contribute to vacation rental success
  • The strategic side of vacation rental ownership
  • How to determine if you’re a candidate to manage your vacation rental yourself or go with a full-service vacation rental management firm

The guide is free and without obligation. It’s a quick read. We’re confident you’ll find it valuable.

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What Palo Alto Property Owners Should Know About the Airbnb Vacation Rental Market

Palo Alto airbnb management

First, let’s look at several statistics on short-term vacation rentals in the city of Palo Alto, courtesy of AirDNA:

  • Number of active rentals: 894 (53% entire home rentals)
  • Average daily rate: $213
  • Average occupancy rate: 72%
  • Average monthly revenue: $3,221

As of this moment, the Palo Alto, CA vacation rental with the highest asking price on Airbnb runs $2,750/night. Believe it or not, the one with the lowest price goes for just $10/night (as one might expect, it’s a shared situation, including a shared bath).

A glance at these statistics tells us many Palo Alto, California property owners can significantly improve their average daily rate, occupancy rate, and monthly revenue. How? Well, the easiest and fastest way may be by choosing the best Palo Alto vacation rental property management service available.

The right full-service vacation rental management service for Palo Alto property owners will also enable you to keep from being immersed in the details of local regulations. They’ll know which Palo Alto districts prohibit short-term vacation rentals. And ensure you pay the proper transient occupancy tax, and pay it on time, to avoid substantial penalties.

One Fine Flat, an innovator in vacation rental property management, can relieve you of a big burden by doing it all: enhancing your listings, broadening your exposure, converting your inquirers, satisfying your renters, improving your reviews, raising your income, and yes, reducing your stress. So you largely sit back and collect a direct deposit each month.

Download our complimentary educational guide, Capitalizing on the Vacation Rental Boom: 8 Keys to Success.