In Georgetown, Florida, short-term rentals are performing well, with an average occupancy of 35%, a daily rate of $145, and a monthly revenue of $8,908, indicating a robust and lucrative market.
Thriving Short-Term Rental Market in Georgetown, Florida
Georgetown, Florida, is experiencing a robust short-term rental market, making it an attractive destination for both visitors and investors. According to recent data, short-term rentals in Georgetown boast an impressive average occupancy rate of 35%, indicating a strong and consistent demand. Additionally, these rentals are commanding an average daily rate of $145, which translates to a substantial monthly revenue of $8,908. These metrics highlight the lucrative potential of investing in short-term rentals in this area, making Georgetown a promising choice for those looking to capitalize on the growing vacation rental market.
Short-Term Rental Regulations in Georgetown, Texas (Not Florida) for 2024
Note:
The regulations provided are for Georgetown, Texas, as there is no specific information on a city named Georgetown in Florida.
Regulations:
- Registration Requirement: Short-term rental operators must register their property with the city of Georgetown.
- Contact Information: Operators must provide 24/7 contact information for the owner, operator, and a local contact.
- Acknowledgement of Ordinances: Operators must acknowledge all applicable city ordinances.
- Registration Fee: A $100 registration fee is required, but it will be waived for applications submitted within the first 60 days of the program’s launch. There will be a $50 annual renewal fee.
- Hotel Occupancy Tax: Operators must pay a hotel occupancy tax, which customers will pay based on the nightly rate, and the property owner will pay monthly through an online portal.
- Notification of Neighbors: Operators must notify neighbors within 200 feet of the property.
- Good Neighbor Brochure: Operators must provide a Good Neighbor brochure.
- Active Listing Information: Operators must provide active listing information for their properties.
- Permit Revocation: Permits can be revoked or reinstated for failing to pay taxes or for habitual offenders.
- Single Address Limitation: Unless granted an exception, only one short-term rental address will be allowed per property to prevent multiple bedrooms within a home from being rented out.
Additional Information:
- The regulations are administered by the Downtown & Tourism Department and the Convention & Visitors Bureau office.
- The city uses Granicus’ Host Compliance software to track rental property information, including taxes, customer complaints, and owner details.
Top Airbnb Revenue-Generating Neighborhoods in Georgetown, Florida
While specific neighborhood names are not provided in the sources, here are some areas and types of accommodations that are likely generating significant Airbnb revenue in Georgetown, Florida, along with reasons for their appeal:
1. Waterfront Areas
- Appeal: These areas, such as those with access to canals, docks, and waterfront homes, are highly appealing due to their scenic views, direct access to water activities, and the opportunity to bring and use boats.
2. Quiet Neighborhoods
- Appeal: Neighborhoods that offer a quiet and peaceful environment are attractive to guests seeking a relaxing getaway. These areas often provide easy access to natural amenities like canals and docks.
3. Areas Near Natural Attractions
- Appeal: Locations close to popular natural spots such as Silver Glen or Salt Springs are in high demand. These areas offer guests the opportunity to engage in outdoor activities and enjoy the local natural beauty.
4. Central or Conveniently Located Areas
- Appeal: Properties situated in central or conveniently located areas are likely to generate more revenue due to their accessibility to local amenities, shops, and services. These locations make it easier for guests to explore the area without much hassle.
5. Areas with Fully Furnished Rentals
- Appeal: Fully furnished rentals, especially those with kitchens and WiFi, are appealing for guests looking for extended stays or a home-away-from-home experience. These rentals offer the comfort and convenience of living in a fully equipped home.
Tips for Furnishing and Designing an Inviting Airbnb in Georgetown, Florida
Bedroom Furniture and Essentials
- Include necessary bedroom furniture: Bedframe, closet or clothing rack, nightstand(s), and lamp(s).
- Choose comfortable bedding: Mattress, mattress cover, sheets, pillows, and a duvet or comforter. Consider high-quality mattresses like memory-foam for primary bedrooms.
- Add useful accessories: Hangers, full-length mirror, and extra sets of linens and towels.
Living Room and Common Areas
- Select comfortable and functional furniture: Coffee table, couch or sofa bed, end tables, and an entertainment center. For larger spaces, consider an oversized sectional couch.
- Integrate multi-functional pieces: Use items like ottomans with storage or foldable chairs to maximize space, especially in smaller properties.
- Enhance with decor and accessories: Smart TV, throw pillows, area rug, and decorative items that reflect the local style.
Kitchen and Dining
- Equip the kitchen with essentials: Refrigerator, freezer, cooktop, oven, microwave, coffee maker, toaster oven or toaster, and dishwasher (if possible).
- Provide cooking utensils and homeware: Pots, pans, cookie sheets, plates, bowls, silverware, and basic pantry staples like salt, sugar, olive oil, and coffee.
- Use a dining table and chairs: Ensure the dining area is comfortable and functional. Consider barstools for additional seating.
Design and Aesthetic
- Adopt a 'less is more' approach: Prioritize quality over quantity to avoid clutter and maintain a clean, inviting atmosphere.
- Reflect local style: Incorporate elements that narrate the personality and history of Georgetown, Florida. Use coastal design elements such as neutral color palettes with pops of color, and include indoor plants or artificial plants to add vitality.
- Use durable materials: Opt for materials like wood or metal that can withstand wear and tear.
Maintenance and Practicality
- Ensure easy cleaning: Choose furniture that is easy to clean, such as leather or vinyl upholstery, and use ScotchGuard on fabrics. Invest in cleaning tools like the Bissel Little Green for spot-cleaning.
- Maintain regular cleaning and upkeep: Regularly vacuum, dust, and deep-clean the space. Consider hiring a cleaning service to ease transitions between guests.
Additional Touches
- Add personal but not personal touches: Incorporate artwork, photographs, or interesting reads that reflect the local culture without including personal family items.
- Provide luxury amenities: Consider adding towel-warming racks, espresso machines, or other luxury items to make your property stand out.
- Ensure guest safety and security: Mount TVs and large mirrors securely to the wall, and use remote door lock apps for enhanced security and convenience.
Discovering Georgetown, Florida: Local Attractions and Insider Tips for Airbnb Hosts
Local Attractions
Outdoor Adventures
- Welaka State Forest: Explore scenic hiking trails, and enjoy a refreshing dip in the crystal-clear natural spring water. Perfect for nature lovers and families.
- Silver Glen Springs Recreational Park: Take a short boat ride to swim, snorkel, or picnic in this lush spring basin. Spot manatees, crabs, and turtles.
- St. Johns River: Spend a day fishing, boating, or simply exploring the river. Boat slip rentals are available at Port Cove RV Resort.
Pet-Friendly Spots
- Lake George Dog Park: A favorite among dog owners, featuring sprawling open fields and agility equipment.
- Feline Fancies Gardens: A secure outdoor space for cats to safely enjoy the outdoors.
Cultural and Heritage Sites
- Local Museums in Putnam County: Enrich your knowledge with various museums and tours available in the area.
Dining and Entertainment
- Mel’s River Pub Italian Grille: Enjoy great pizza, pasta, burgers, and BBQ. The only restaurant in the area offering delivery.
- The Harbor Café: A pet-friendly café with a special menu for dogs and a welcoming patio.
- The Cozy Corner Café: Offers designated lounging spaces for feline friends.
Insider Tips
Getting Around
- Public Transportation: Note that public transportation can be challenging, especially for those with large pets. Consider providing information on local taxi services or car rentals.
Pet-Friendly Essentials
- Pet-Friendly Housing: Inform guests about pet-friendly policies and any additional fees or rules that apply to rental properties.
- Veterinary Services: Highlight the excellent veterinary services available in the area, including routine and specialized care options.
Local Events and Community
- Community Support: Mention the robust community support for pet owners, including clubs and events.
- Local Retailers: Recommend pet-friendly retailers like “Paws and Claws Boutique” for gourmet treats and stylish apparel.
Seasonal Considerations
- Seasonal Weather: Advise guests about seasonal weather extremes that may limit outdoor activities during certain times of the year.
By providing these local attractions and insider tips, you can ensure your Airbnb guests have a well-rounded and enjoyable experience in Georgetown, Florida.
Practical Tips to Run a Successful Short Term Rental Business in Georgetown, Florida
To ensure a smooth and profitable short-term rental business in Georgetown, Florida, several key practices can be implemented. First, it is crucial to adhere to and communicate noise regulations to guests, including informing them about quiet hours to maintain neighborhood harmony and avoid potential complaints. Creating a comprehensive digital and physical house manual is also essential; this should include detailed instructions, Wi-Fi passwords, and other important information to help guests navigate the property comfortably.
A simplified check-in process can significantly enhance the guest experience. Utilizing smart locks eliminates the need for physical key exchanges and provides guests with convenient, keyless entry. Additionally, providing clear parking instructions accompanied by photos can help avoid confusion and ensure that guests park in the designated areas.
By implementing these measures, you can enhance guest satisfaction, reduce potential issues, and contribute to a positive reputation for your short-term rental business in Georgetown, Florida.
Here is a brief list of house cleaning providers in Georgetown, Florida:
House Cleaning Services in Georgetown, FL
Brandie's House Cleaning Services
- Offers monthly, bi-weekly, weekly, and one-time cleaning services.
- Experienced in property management.
E&L Family Cleaning Services
- Specializes in cleaning homes, apartments, RVs, and Air B&Bs.
- Provides deep cleaning, one-time cleanings, and regular scheduled cleanings (monthly, weekly, every other week).
Homeaglow House Cleaning Services
- Provides professional and affordable house cleaning services.
- Offers background-checked cleaners and a 3-hour initial clean starting at $19.
For additional options and reviews, you can also refer to the list on HomeAdvisor.
Georgetown, Florida: Understanding Short-Term Rental Management Fees
In Georgetown, 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, which handle comprehensive tasks such as guest communication, marketing, and maintenance, usually charge fees on the higher end of this spectrum, often between 20% to 30% of the rental income. In contrast, basic services that focus on fewer aspects, like listings and revenue management, may incur lower fees. Additionally, property owners should be aware of potential extra fees for services like cleaning, repairs, and interior design, which can further impact the overall cost of managing their short-term rentals.