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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We’ll begin with a glance at key AirDNA statistics on vacation rentals in three Silicon Valley cities.
Number of active rentals: 761 (54% entire home rentals)
Average daily rate: $204
Average occupancy rate: 73%
Average monthly revenue: $3,014
Number of active rentals: 708 (46% entire home rentals)
Average daily rate: $179
Average occupancy rate: 74%
Average monthly revenue: $2,469
Number of active rentals: 142 (50% entire home rentals)
Average daily rate: $231
Average occupancy rate: 68%
Average monthly revenue: $3,566
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,
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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.
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Yes, regulations for vacation rental owners in Palm Springs and Palm Desert can be daunting and even intimidating. But they shouldn’t stop you from taking advantage of what could be an excellent income source.
According to the Mashvisor Palm Springs Real Estate Market Report 2020, the city’s average monthly Airbnb rental income is $4,470. That works out to $53,640 a year. Of course, that’s just the average. Some short-term vacation rentals pull in far more in annual income (and some considerably less).
Now, about those pesky regulations: if you’ve Googled your way to the 21-page Ordinance No. 1918 or combed through the Frequently Asked Questions document on short-term vacation rentals in Palm Springs or the collection of documents on Palm Desert vacation rentals and concluded you have no desire to tackle this on your own, we have a suggestion: don’t (we’ll discuss an easy way to take care of this stuff in a moment).
After all, few Palm Springs and Palm Desert vacation rental property owners are interested in the minutia of existing regulations governing vacation rentals – or in staying on top of regulatory changes going forward.
And regulatory compliance is just one facet of optimized vacation rental property management. On Airbnb and many other sites, listings should take advantage of each site’s qualities and attract the right potential renters. Communication with inquirers and renters must be flawless – and timely (even during evening hours, including, at times, 2 am calls from renters).
Pricing needs to be optimized on a daily basis. Housekeeping must not only be maintained at a hotel-quality level; housekeepers should be trained to spot damaged items, wear-and-tear, and other issues, and promptly report them, to help maintain strong reviews.
On that note, “review management” isn’t just a fancy term; it could mean the difference between high and mediocre net income. Gaining Superhost status on Airbnb is, for many owners, a financial bonanza.
As for that easy way to keep you from having to go it alone, many owners have chosen to get the best Palm Springs or Palm Desert vacation rental management company available. Very often, the added income from price optimization alone covers the monthly management fee.
With a vacation rental property management business like One Fine Flat managing your property, you offload a big burden while enhancing your listings, broadening your exposure, improving your reviews, and raising your income.
Find out more about optimizing every key aspect of Palm Springs or Palm Desert vacation rental management by downloading our complimentary guide, Capitalizing on the Vacation Rental Boom: 8 Keys to Success. You’ll also learn more about One Fine Flat, the vacation rental property management service that does it all, so you largely sit back and collect a direct deposit each month.
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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 Flat 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 Flat 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 Flat makes the entire process exceptionally easy – and free of the “garbage” other owners endure.
In 2018, the San Diego City Council approved regulations governing short-term vacation rentals. Three months later, they abruptly canceled them. Now, with the City Council under pressure to enact new regulations, many vacation rental property owners are feeling as if they’re in limbo and waiting for the next shoe to drop.
It’s understandable if the ups and downs of San Diego vacation rental regulations induce a sense of dizziness. But it’s worth emphasizing that when short-term vacation rentals are properly managed, ownership can be largely stress-free – and extremely lucrative.
Consider this: AirDNA lists a $210 average daily rate for San Diego vacation rentals – and a 69% average occupancy rate. This means many San Diego vacation rental owners are making what they consider very good money during each day of occupancy. Trouble is, they aren’t getting enough occupants.
One big contributor to underperformance for San Diego vacation rental property owners is the complexity of the optimization game on sites like Airbnb. Most owners aren’t experts in the hyper-competitive world of Airbnb (or Vrbo, or HomeAway, and so on). And with 11,000+ active rentals in San Diego, according to AirDNA, it’s easy to feel a bit intimidated.
These challenges have led lots of San Diego property owners to full-service vacation rental property management companies for handling everything from staying on top of changing regulations to managing site listings for a competitive edge – and even daily rate optimization via advanced technology for revenue management.
Here at One Fine Flat, we do all that and more. Our aim is to be the very best vacation rental property manager in San Diego, so you largely sit back and collect a check each month.
Whether you’re in Mission Beach, Mission Bay, Pacific Beach, over in La Jolla, or elsewhere in greater San Diego, we’re ready to help keep you off the roller-coaster and on the gravy train. Schedule a complimentary consultation with a One Fine Flat expert on short-term vacation rental management in San Diego. If you qualify, you’ll receive a free revenue projection for your property. And you’ll learn how One Fine Flat makes the entire process surprisingly easy for owners.
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Attractions like Disneyland and the Anaheim Convention Center – combined with a desire among visitors to avoid hotels – make Anaheim a popular location among users of Airbnb, Vrbo, HomeAway, and other sites.
But many owners have found the local regulatory environment daunting. Some recent history: In 2019, following complaints from property owners, the City of Anaheim reversed a ban and phase-out of short-term vacation rentals and allowed most owners with permits to keep operating.
Under these rules, short-term vacation rental owners in Anaheim, California who opted to shut down by August 2019 must do so. Short-term rentals located where homeowner associations have banned them must close by December 2022, but those with permits can relocate elsewhere in Anaheim. Other than relocations, for now, permits for new vacation rentals aren’t being granted.
Vacation rental owners will continue to pay the City of Anaheim’s transient occupancy tax. They must also comply with a strict set of “good neighbor” rules or risk losing their ability to legally operate.
Rules include having a local contact ready to respond around the clock, within 45 minutes, to complaints and violations; supplying contact information to neighbors; limiting guests to those ages 21 and above; and compliance with a “quiet time” from 10 pm to 9 am.
Punishment for violators is severe. Two major violations or 10 minor violations within a one-year period are “grounds to revoke a permit,” according to the Anaheim Fact Sheet on Short-Term Rentals. Fines run as high as $2,500 for owners/operators and up to $500 for guests.
In this challenging environment, it’s no surprise that owners are turning to full-service vacation rental property management companies to ensure compliance with regulations – and handle everything from prospective renter inquiries arriving from sites like Airbnb to contact with renters and review management.
After all, many if not most Anaheim property owners don’t consider themselves experts at the vacation rental game and prefer to largely sit back and receive a direct deposit from their vacation rental management service each month.
For owners looking for the best full-service vacation rental property manager in Anaheim, we suggest a call with us. Schedule a complimentary consultation with a One Fine Flat expert on short-term vacation rental management in Anaheim. If you qualify, you’ll receive a free revenue projection for your property. And you’ll learn how One Fine Flat makes the entire process remarkably easy.
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That single LA property you’re allowed to rent on a short-term basis must be your primary residence. And you’re only permitted to engage in home-sharing for no more than 120 days per year – BUT you can apply for an “Extended Home-Sharing Registration” for $850, and if you meet the criteria, gain additional rental days.
Now, before you say, “Thanks, but I’ll just keep doin’ what I’ve been doin’ and things should work out just fine,” keep this in mind: fines for listing a property without registering are $500 a day, and rise to $2,000 a day for listings beyond the 120-day maximum (for those interested in math, the latter adds up to $14,000 per week or around $60,000 per month in fines).
That’s the current LA vacation rental situation relating to owners in a nutshell. But then there’s Santa Monica, with its own Home-Sharing Ordinance, adopted in 2015 and last amended in September, 2019.
And what if your vacation rental property is located in West Hollywood? Well, there’s a separate licensing process and set of requirements for that city within a city, with fines for non-compliance running as high as $5,000. And to top it off, WeHo officials have warned owners that “continued non-compliance may result in … criminal prosecution.”
But let’s return to the City of Angels.
Last year, LA whole-home vacation rentals alone accounted for a whopping $2.5 billion in revenue. Clearly, big bucks are involved here – for the city AND property owners.
Given recent changes, it’s never been more important to optimize every aspect of vacation rental management on and off Airbnb. Rather than run the risk of misinterpreting local regulations or making other costly mistakes, many owners are seeking the services of the best Los Angeles vacation rental manager they can find.
The right LA vacation rental management company will optimize your property’s turnover rate throughout your legal rental period each year; ensure housekeeping is done properly on a consistent basis; maximize your odds of achieving Superhost status on Airbnb; make it easy to participate in the “sharing economy”; and help you make the right moves in a changing vacation rental environment.
That’s where we come in. One Fine Flat is capable of handling most everything and relieving you of a big burden, so you largely sit back and collect a direct deposit each month. Schedule a complimentary consultation with a One Fine Flat Airbnb expert on short-term vacation rental management in Los Angeles, Santa Monica, West Hollywood, Pasadena, and other areas in the LA Basin. If you qualify, you’ll receive a free revenue projection for your property. And you’ll learn how One Fine Flat – an innovator in Airbnb vacation rental management – makes the entire process surprisingly easy for owners.
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It’s one of the most enticing – and challenging – vacation rental markets.
We’re referring, of course, to the San Francisco Bay Area.
AirDNA has revealed a set of extremely attractive statistics for San Francisco vacation rental owners – including, on average, a $234 daily rate, an 85% occupancy rate, and $3,863 in monthly revenue.
Earlier this year, Airbnb reported 44% year-over-year growth in guest arrivals in the five counties surrounding San Francisco, with a 43% increase in the number of nights hosted.
But with a median single-family home price in San Francisco of around $952,000 and a corresponding monthly mortgage payment of $4,254, property owners on Airbnb need to optimize every major element of the vacation rental process if they want to operate in the black.
And of course, San Francisco Bay Area property owners in the vacation rental game have competition. Airbnb has more than 7,800 listings in San Francisco alone. What’s more, the competition is by no means confined to Airbnb. Hundreds of new hotel rooms have recently been completed or are being built in the city of San Francisco.
The second most expensive U.S. city to live in also has burdensome restrictions for Airbnb short-term vacation rentals. Legal requirements cover owner residency, insurance, compliance with building codes, registration, reporting, taxes, certification, and more.
All of this points toward a recommendation from the experts: don’t go it alone. By choosing the best full-service vacation rental property manager you can find, you’ll receive invaluable advice on making the math work in the tricky San Francisco Bay Area market. In the process, you’ll discover how to obtain the competitive edge you need to stand out from the crowd. And this may be the best part: you’ll gain a resource capable of handling all the stuff most owners would rather not do themselves – from responding to inquiries on Airbnb to housekeeping, so you get more five-star reviews – while you largely sit back and collect a direct deposit each month. That’s what we do at One Fine Flat.
Schedule a complimentary consultation with a One Fine Flat Airbnb expert on short-term vacation rental management in San Francisco. If you qualify, you’ll receive a free revenue projection for your property. And you’ll learn how One Fine Flat – an innovator in Airbnb vacation rental management – makes the entire process surprisingly easy for owners.
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The Lone Star State is having a full-blown love affair with short-term vacation rentals. Thanks in part to popular vacation destinations like Houston, Dallas, San Antonio, Austin, and Corpus Christi, this booming industry poured more than $3 billion into the Texas economy last year.
A big driver of the passion for short-term vacation rentals on sites like Airbnb among Texas property owners is (no surprise) good old-fashioned greenbacks.
A vivid example of the added income advantage is found in the Cockrell Hill area of Dallas. A peek at its 75211 zip code from 8/18-7/19 revealed median annual revenue for short-term rentals of $30,120 vs. $16,740 for long-term leases – a $13,380 difference and 80% improvement in revenue.
Texas tourists choose short-term rentals on Airbnb over hotel rooms for a variety of reasons beyond the obvious ability to prepare one’s own food, sleep more people, and very often, save money. For example, Austin, a festival mecca with world-class entertainment, offers vacation rentals where owners encourage guests to enjoy their records and books; play the piano; and bang away on the pinball machine.
Throughout America’s second most populous state, property owners with small and substantial investment portfolios are catching vacation rental fever. One well-known Waco couple, Chip and Joanna Gaines of HGTV fame, offer “Magnolia Stays” for fans. These include the historic Hillcrest Estate that commands a $995 daily rate; the Magnolia House at $795 per day; and the Carriage House, with a $545 weekday rate.
Of course, most vacation rental owners lack the Gaines’ market knowledge and other advantages. With a wide variety of factors contributing to success when renting to vacationers on Airbnb and other sites, many Texas property owners are relying on a full-service Airbnb vacation rental management company.
By working with the best Airbnb vacation rental manager you can find in the state of Texas, you’ll be rewarded with enhanced listings, wider exposure, greater turnover, higher revenue, consistent cleanliness, better reviews, full compliance with regulations, and more.
One Fine Flat is a Texas vacation rental property management service that optimizes every aspect of the process on Airbnb and many other sites, from daily pricing to communication with guests at every phase and housekeeping that enables you to offer hotel-quality cleanliness.
Whether you’re in Houston, Dallas, Austin, San Antonio, Corpus Christi, or another great Texas city, One Fine Flat enables you to maximize your income – and peace of mind. Schedule a free consultation with an Airbnb vacation rental property management expert – and request our complimentary guide, Capitalizing on the Vacation Rental Boom: 8 Keys to Success: