Airbnb & VRBO Performance in Dvenport Florida.

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Dvenport, Florida: Airbnb & VRBO Vacation Rental Market Overview

Davenport, Florida, is experiencing a robust short-term rental market, characterized by a median occupancy rate of 65%, an average daily rate of $165, and an average annual host income of $33,000, making it a highly stable and profitable investment opportunity.

Market overview

Thriving Short-Term Rental Market in Davenport, Florida

Davenport, Florida, is experiencing a robust short-term rental market, making it an attractive destination for investors and travelers alike. As of the latest data, short-term rental listings in Davenport boast a median occupancy rate of 65%, indicating strong demand and a stable market. The average daily rate for these rentals stands at $165, contributing to a significant annual revenue of approximately $33,000 per typical host. This performance is further enhanced by the city's lenient regulations on short-term rentals and its strategic location near major attractions such as Disney World and Universal Studios. With such favorable conditions, investing in a short-term rental property in Davenport promises to be a highly profitable and stable venture.

Short Term Regulations

Short-Term Rental Regulations in Davenport, Florida for 2024

Licensing and Registration Requirements

  • Vacation Rental Certificate: Property owners must register their property with the city and obtain a Vacation Rental Certificate before listing it. The initial application costs $136.17, and the certificate must be renewed annually for $36.70.

  • Proof of Ownership: Provide proof of ownership, such as a deed or property tax bill, and a copy of the property owner's driver's license or government-issued ID.

  • Notification to HOA/Condo Association: Written notification to the HOA or condo association that the property will be used as a short-term rental.

  • State and County Registration: Register with the State of Florida and Polk County for state and county taxes.

Safety and Building Standards

  • Safety Requirements: Ensure the property meets all safety requirements, including having fire extinguishers, smoke detectors, and emergency exit routes. A diagram of the property showing these features is required.

  • Building and Habitability Standards: Comply with the city's regulations for building, design, maintenance, habitability, health, and safety.

Tax Obligations

  • Business Tax Receipt (BTR): Obtain a BTR from the city, which has an annual fee based on the rental's revenue.

  • Resort Tax Certificate: Obtain a Resort Tax Certificate from Polk County.

  • State Sales and Local Tourist Taxes: Collect and remit state sales tax and local tourist taxes, which usually range between 7.5% and 12% of revenue.

Operational Restrictions

  • Minimum Stay Requirements: Stays shorter than 7 days are not permitted.

  • Occupancy Limits: Comply with maximum occupancy limits based on the bedroom count and other local regulations.

  • Noise, Parking, and Trash Rules: Adhere to rules around noise levels, parking, and trash collection.

Compliance and Enforcement

  • Annual Inspections: The city conducts safety inspections prior to issuing the Vacation Rental Certificate, and violations must be corrected before the certificate is granted.

  • Fines for Non-Compliance: Failure to comply can result in fines starting at $500 for the first violation up to $7,500 for repeat offenses within a 12-month period. Local governments can suspend vacation rental registrations for up to 30 days following three or more violations within a 90-day period.

  • Incident Reporting: The Sheriff’s Office reports incidents involving short-term rentals to Code Enforcement, which may result in fines of up to $15,000 for code violations.

Additional Regulations

  • Validation of Renters: Proposed regulations may require property owners or property management companies to validate renters in person or virtually before renting the property.

  • Community Guidelines: Comply with any additional rules from HOAs, leases, or other entities that may impact the rental.

By adhering to these regulations, short-term rental operators in Davenport can ensure compliance and avoid significant fines.

Neighborhood Performance

It appears there might be a mix-up in the query, as the provided sources and context are about Pensacola, Florida, rather than Davenport, Florida. However, since Davenport is not specified in the sources, here is a generalized approach based on typical factors that make neighborhoods appealing for Airbnb guests, using Pensacola as a model:

Title: Top Neighborhoods Generating Airbnb Revenue in Pensacola, Florida, and Their Appeal

1. Downtown Pensacola

  • Appeal: Downtown Pensacola is highly appealing due to its proximity to restaurants, bars, breweries, and shopping on Palafox Street. Guests can walk to various attractions like the Wahoo’s Baseball Stadium, Maritime Park, and the Historic District. Rentals here often feature historic charm with modern amenities, making them ideal for both short and long stays.

2. Pensacola Beach

  • Appeal: Pensacola Beach offers beachfront properties with stunning views of the Gulf of Mexico. Guests love the direct access to pristine beaches, local seafood restaurants, and shopping. Many rentals here include amenities like private balconies, pools, hot tubs, and beach gear, making them perfect for a coastal getaway.

3. East Hill Neighborhood

  • Appeal: The East Hill Neighborhood is known for its walkability and charming atmosphere. It is close to downtown Pensacola and features historic homes and townhouses. Guests appreciate the neighborhood's dining options and the short drive to the beach. The area also offers pet-friendly and family-friendly rentals.

4. Perdido Key

  • Appeal: Perdido Key is a popular area for those seeking a more secluded beach experience. It offers golf and beach villas with multiple bedrooms and baths, making it ideal for larger groups and families. The area is known for its natural beauty and calm waters, providing a relaxing getaway.

5. Gulf Breeze

  • Appeal: Gulf Breeze is another attractive area with waterfront properties that offer private decks, kayaks, and paddleboards. Guests enjoy the secluded neighborhoods and the opportunity to watch wildlife like dolphins and blue herons. It is also close to historic downtown Pensacola and the Gulf of Mexico.

These neighborhoods are highly sought after due to their unique blend of historical charm, modern amenities, and proximity to key attractions and natural beauty.

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Design Tips

Furnishing and Design Tips for an Inviting Airbnb in Davenport, Florida

Understand the Local Aesthetic

  • Davenport, being close to Orlando and major theme parks, benefits from a design that reflects a mix of modern, playful, and family-friendly elements. Incorporate styles that are reminiscent of Caribbean and beach-inspired aesthetics, which are popular in the area.

Prioritize Comfort and Cleanliness

  • Ensure the property is highly rated for cleanliness and hospitality. Use high-quality linens, towels, and kitchen items to create a cozy home-like atmosphere.

Emphasize Outdoor Spaces

  • Properties with private pools, hot tubs, and outdoor recreational areas are highly sought after. Consider amenities like kids' splash pads, tennis courts, and walking trails to enhance the guest experience.

Incorporate Local Themes

  • Use themed decor that reflects nearby attractions such as Disney World and Universal Studios. Bright colors and whimsical elements inspired by local culture can make the space more inviting.

Invest in Quality Furniture

  • Choose contemporary and comfortable furniture that defines the space. Statement pieces like couches, coffee tables, and dining room tables can elevate the aesthetic value of the property. Avoid overly generic items from places like IKEA and opt for more unique pieces.

Utilize Practical and Stylish Decor

  • Incorporate practical decor that also adds to the ambiance. Use 100% cotton sheets and duvet covers, which are both comfortable and affordable. Add plants and unique decorative items to liven up the space.

Ensure Functional Kitchen and Living Areas

  • Provide fully equipped kitchens with modern appliances and stylish decorations. An open-plan living room, dining area, and kitchen can create a warm and inviting space for guests to relax and unwind.

Offer Additional Amenities

  • Include amenities like game rooms, entertainment options, and free WiFi to cater to larger groups and families. These extras can significantly enhance the guest experience.

Reflect the Community's Family-Oriented Nature

  • Davenport is a family-friendly destination. Ensure the property includes amenities that cater to families, such as private heated pools, screened-in pool areas, and kids' entertainment options.

Maintain a Cozy and Welcoming Atmosphere

  • Use smart TVs with streaming services, cozy linens, and comfortable seating to create a welcoming atmosphere. Private balconies or lanais with scenic views can also add to the guest's relaxation.
Insider Tips

Discover Davenport, Florida: Local Attractions and Insider Tips

Outdoor Activities

  • Lake Louisa State Park:
  • A scenic park with pine trees, lakes, hiking trails, equestrian trails, and camping options. Perfect for a picnic, hiking, or a day by the water.
  • Kissimmee Lakefront Park:
  • Features fishing piers, boating, a boat launch, marina, playgrounds, a splash area, and walking trails. Ideal for family outings and nature enthusiasts.
  • Northeast Regional Park:
  • Offers tennis, racquetball, basketball, multi-use fields, a dog park, playground, and walking trails. Great for sports and family activities.

Unique Experiences

  • Sunrise Hot Air Balloon Rides:
  • Take a 3-hour hot air balloon ride over the Green Swamp at sunrise for a breathtaking view of Central Florida.
  • Bok Tower Gardens – Lake Wales:
  • A 45-minute drive from Davenport, this 250-acre garden features a singing tower and beautiful scenery. Ideal for a half-day trip.

Local Culture and Entertainment

  • Cinepolis Movie Theater:
  • An upscale movie theater with IMAX, reserve seating, gourmet snacks, and a full bar. Perfect for a rainy day or a night out.
  • Tap That Beer House:
  • A self-serve craft beer house with a wide selection of beers and a cozy atmosphere.
  • Ovation Bistro and Bar:
  • Enjoy a rack of ribs, steaks, or seafood in this highly-recommended local restaurant.

Shopping and Dining

  • Posner Park Shopping Mall:
  • A large outdoor shopping mall with over 30 retail stores and restaurants. Central to mainstream shopping in Davenport.
  • Disney Springs:
  • While not in Davenport itself, Disney Springs is nearby and offers extensive shopping, dining, and entertainment options.

Golfing

  • Providence Golf Club:
  • A beautiful golf course where you can play a round and enjoy lunch at the clubhouse.
  • Highlands Reserve Golf Club and Champions Gate Golf Resort:
  • Other top-rated golf courses in the area for golf enthusiasts.

Insider Tips

  • Explore the City of Davenport:
  • Visit the historic city hall building, unique homes, and small walkable parks to experience the local community.
  • Day Trips:
  • Consider visiting nearby attractions like Legoland in Winter Haven, Celebration for biking and dining, and Lakeland for its local breweries and markets.
  • Local Events:
  • Check out events like Grills Gone Wild - Market and Car Show in April and the WinterFest and Christmas Parade in December.

Family-Friendly Activities

  • Fossil Funatics:
  • A fun experience for kids to go fossil hunting and participate in family-friendly canoe or kayak tours.
  • Lake Louisa State Park Cabins:
  • For a more immersive experience, consider staying in the cabins within the park.

By sharing these local attractions and insider tips, you can help your Airbnb guests make the most of their visit to Davenport, Florida.

Practical Tips

Practical Tips to Run a Successful Short-Term Rental Business in Davenport, Florida

To ensure the success and smooth operation of a short-term rental business in Davenport, Florida, several practical tips are essential. Here are some key considerations:

Noise Regulations and Guest Communication

Inform your guests about quiet hours and noise regulations to maintain a peaceful environment and comply with local ordinances. Clearly outline these rules in your digital and physical house manual to avoid any misunderstandings.

Comprehensive House Manual

Create a detailed digital and physical house manual that includes essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also cover safety features like the location of fire extinguishers, smoke detectors, and emergency exit routes.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with clear instructions on how to access the property, along with photos of the smart lock and any other relevant entry points.

Parking Instructions

Include detailed parking instructions with photos in your house manual to help guests navigate parking areas easily. This can prevent confusion and ensure that guests park in the correct spots, respecting any neighborhood or HOA regulations.

By implementing these practical tips, you can enhance the guest experience, reduce potential issues, and ensure your short-term rental business in Davenport operates efficiently and compliantly.

Local Vendors

Here is a brief list of house cleaning, repair, and maintenance providers in Davenport, Florida:

House Cleaning Services

Vacation Home Help

  • Specializes in vacation rental and Airbnb cleaning.
  • Services include departure cleans, maintenance plans, and secure payment options.
  • Covers various communities in Davenport, FL.

Molly Maid of Kissimmee, Lakeland, and South Orlando

  • Offers customized cleaning solutions, including one-time, weekly, biweekly, and monthly services.
  • Provides move-in, move-out, and special event cleaning services.
  • Uses their own cleaning supplies and equipment.

Any House Cleaning Services

  • Provides residential and commercial cleaning services, including deep cleaning, tile-grout cleaning, carpet cleaning, and more.
  • Offers recurring cleaning services and one-time deep cleaning.
  • Uses advanced cleaning equipment and is pet-friendly.

Care.com House Cleaning Services

  • Lists 65 affordable house cleaning options in Davenport, FL.
  • Average rate is $18/hr, with an average experience of 4 years among cleaners.
  • Rated 4.3 out of 5 stars based on 66 reviews.

General Cleaning and Maintenance Services

HomeAdvisor Maid Services

  • Connects homeowners with various maid services and cleaning professionals in Davenport, FL.
  • Services include residential and commercial cleaning, move-in/move-out cleaning, and deep cleaning.
  • Providers are reviewed and rated by the HomeAdvisor community.

Any House Cleaning Services (Additional Services)

  • Also offers window cleaning, pressure washing, post-remodeling cleaning, new construction cleaning, and heavy-duty house cleaning.
  • Provides commercial and residential services, including stripping and waxing, and floor deep cleaning.
Management fees

Davenport, Florida, Short-Term Rental Management Fees: A Comprehensive Guide

In Davenport, Florida, short-term rental management fees can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management companies, such as MasterHost and PMI Orlando MyPlace, offer a wide array of services including guest communication, marketing, pricing optimization, and property maintenance, which generally fall on the higher end of this fee spectrum, often around 12% to 15% per booking.

Basic service packages, which may include only the essential management tasks like booking coordination and guest screening, tend to be less expensive, starting at around 10% per booking. Additionally, property owners may incur extra fees for services such as cleaning, repairs, and interior design, which can further impact the overall cost of managing a short-term rental property. Understanding these fee structures is crucial for property owners to manage their expenses effectively and maximize their rental income.

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Why choose RedAwning

RedAwning is a tech leader in full-service short-term rental management, powered by our exclusive, unmatched tools.
Other property managers
Cost
Starting at 10%
25-40%
Guest communications
5-15 mins / 24 hours a day
1 hour+
Host communications
Dedicated phone and text line with no time on hold
Chat bots, hold lines and email threads
Insurance
Robust liability and dwelling coverage for every reservation
Spotty coverage with low claim approval rates
Contract
No cancellation fees
No contract lock-in
Just 90 days notice to cancel
Cancellation penalties
Number of Channels Your Listing is On
50+
2-4

Experience in numbers

Rest well knowing your property is managed by an experienced team powered by world-class technology.
+10-30%
in gross revenue
4.8 stars
guest rating
14+ years
managing STRs

Short Term Rental Calculator

Find out how much your property in Dvenport should generate as a short term rental and look at the performance of properties around yours.

35,000+ Properties
Hosts stay with RedAwning
1,000,000,00 Nights Booked
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50+ Top Booking Channels
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Furnishing checklist

This comprehensive checklist ensures that your rental is guest-ready with all the essentials to create a comfortable and memorable experience in Dvenport.

Living Room
Seating: Sofa, armchairs, and ottomans
Coffee Table
Entertainment: Smart TV (with streaming apps) and remote control
Decor: Area rug, wall art, plants, and throw pillows
Lighting: Floor lamp or table lamps
Charging Stations: Power strips or outlets with USB ports
Bedrooms
Beds: High-quality mattress with mattress protector
Linens: At least two sets of sheets per bed
Pillows: Hypoallergenic pillows (2-4 per bed)
Blankets: Extra throw blankets or quilts
Nightstands: With lamps or charging docks
Closet or Storage: Hangers, dresser, or luggage rack
Blackout Curtains or Shades
Bathrooms
Towels: Bath towels, hand towels, washcloths (2 sets per guest)
Shower Curtain & Liner
Toiletries: Shampoo, conditioner, body wash, hand soap
Bathroom Essentials: Toilet paper, tissues, trash bin
Hairdryer
Mirror: Full-length or wall mirror
Dining Area
Dining Table: Seating for the maximum number of guests
Place Settings: Placemats or tablecloths
Centerpiece: Vase with flowers or decorative piece
Kitchen
Appliances: Refrigerator, microwave, toaster, coffee maker, kettle
Cookware: Pots, pans, baking trays
Utensils: Forks, knives, spoons, spatulas, tongs
Dinnerware: Plates, bowls, glasses, mugs (2 sets per guest)
Cutting Board & Knives
Basic Spices & Condiments: Salt, pepper, oil
Cleaning Supplies: Sponge, dish soap, paper towels, trash bags
Outdoor Space (if applicable)
Seating: Outdoor chairs, benches, or lounges
Table: For outdoor dining or drinks
Lighting: String lights or outdoor lanterns
Grill: With necessary utensils and instructions
Outdoor Trash Bin
Extras to Elevate Guest Experience
Welcome Basket: Snacks, water bottles, or wine
Guidebook: Local recommendations and house rules
Board Games or Books: Entertainment for guests
Umbrella & Flashlight
Iron & Ironing Board
Laundry: Washer, dryer, and detergent (if available)
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