The short-term rental market in Hallandale Beach, Florida, is thriving, with a median occupancy rate of 70%, an average daily rate of $230, and an average annual host income of $57,000, indicating a highly stable and profitable investment opportunity.
Thriving Short-Term Rental Market in Hallandale Beach, Florida
Hallandale Beach, Florida, is experiencing a robust and profitable short-term rental market. With a median occupancy rate of 70%, short-term rental listings in the area are in high demand, indicating a stable and lucrative investment opportunity. The average daily rate for these rentals stands at $230, contributing to an average annual host income of $57,000. This strong performance is further bolstered by lenient local regulations, making it an attractive location for both hosts and investors. The peak month for bookings is March, highlighting the area's popularity during the spring season. Overall, Hallandale Beach presents a promising landscape for those considering short-term rental investments.
Short-Term Rental Regulations in Hallandale Beach, Florida for 2024
Licensing and Registration
- Annual Operating License: All vacation rental owners must obtain an annual operating license in accordance with Ordinance 2018-003. This applies to any residence or residential unit rented out for less than 30 consecutive days.
- Business Tax Receipt (BTR) Certificate: A City of Hallandale Beach Business Tax Receipt is required.
- Florida Vacation Rental Dwelling License: Operators may also need to obtain a Florida Vacation Rental Dwelling License from the state.
Application and Fees
- Vacation Rental Application Form: Submit a Vacation Rental Application form along with a Business Tax License (BTR) Application. Use the Vacation Rental Requirement Checklist to ensure all necessary documents are included.
- Fees:
- New Vacation Rental License Fee: $300.00
- Annual Processing Fee: $45.00
- Business Tax Receipt / Vacation Rental License Fee: $25.00
- Total new application fees: $400.00
- Renewal Vacation Rental License Fee: $250.00
- Annual Processing Fee: $45.00
- Renewal Business Tax Receipt / Vacation Rental License Fee: $25.00
- Total renewal fees: $320.00
- Modification Fee: $100.00.
Property Requirements
- Inspection and Compliance: Properties must pass an inspection to ensure compliance with local building and fire codes.
- Landline Availability: A landline telephone must be available at the property.
- Solid Waste Regulations: Proper waste disposal methods must be followed, and notices regarding trash regulations must be posted.
- Occupancy Limits: Maximum occupancy is calculated based on available space, with a maximum of four people per bedroom.
Local Contact Person
- Designated Local Contact: Each vacation rental must have a designated local contact person who is available 24/7, responsive to complaints and issues within 60 minutes, and knowledgeable about local regulations.
Penalties for Non-Compliance
- Monetary Fines:
- First Offense: $250.00
- Second or Subsequent Offenses: $500.00
- License Revocation: The city may revoke the vacation rental license for repeated or severe violations.
- Legal Action: In extreme cases, non-compliance may result in legal action taken by the city.
- Reinstatement After Suspension Fee: $100.00
- Appeal Fee: $200.00.
Additional Regulations
- Posting Requirements: Additional posting requirements must be adhered to as listed in the ordinance.
- Compliance with Leases and HOA Rules: Operators must comply with any lease terms, HOA rules, or other restrictions that may prohibit or limit short-term renting of the property.
Top Neighborhoods for Airbnb Revenue in Hallandale Beach, Florida
Why These Neighborhoods Are Appealing for Guests
Beachfront Area
- Location: Directly along the ocean, offering stunning beach views and immediate access to the beach.
- Amenities: Close proximity to amenities like Gulfstream Park Racing and Casino, the Big Easy Casino, and South City Beach Park.
- Revenue Potential: High demand due to the desirable beachfront location, with average daily rates of $230 and an annual revenue of around $57K per listing.
Golden Isles Neighborhood
- Environment: Known for its tranquil and serene environment, making it ideal for guests seeking a peaceful stay.
- Amenities: Features beautiful parks and water views, providing a relaxing atmosphere.
- Revenue Potential: The tranquil setting and scenic views attract a steady stream of guests, contributing to the overall high occupancy rate of 70% in Hallandale Beach.
Downtown Hallandale
- Convenience: Close proximity to shops, restaurants, and entertainment options.
- Amenities: Easy access to local attractions and amenities such as the Hallandale Beach Marina and various dining options.
- Revenue Potential: The convenience and vibrant local culture make it an attractive option for guests, contributing to the robust average annual revenue of $57K for Airbnb listings in the area.
Key Statistics
- Occupancy Rate: A median occupancy rate of 70% across Hallandale Beach, indicating strong demand for short-term rentals.
- Average Daily Rate: $230, with peak rates during high season.
- Annual Revenue: Typical host income is around $57K per year.
These neighborhoods in Hallandale Beach are highly appealing due to their combination of desirable locations, amenities, and strong revenue potential, making them prime areas for Airbnb investments.
Creating an Inviting Airbnb Space in Hallandale Beach, Florida: Design and Furnishing Tips
Embrace the Coastal Aesthetic
- Incorporate elements that reflect Hallandale Beach's coastal vibe, such as light, airy color schemes, natural textures, and nautical accents like shells, driftwood, or ocean-inspired artwork.
Neutral Color Palette
- Use a neutral color palette for walls and large furniture pieces to create a relaxed and welcoming atmosphere. This allows guests to feel at home without being overwhelmed by bold colors.
Local and Tropical Themes
- Incorporate local and tropical themes through furniture, decor, and accessories. This can include palm tree motifs, vibrant floral patterns, and tropical wood furnishings.
Functional and Comfortable Layout
- Ensure the space is both functional and comfortable. Provide ample seating, a fully equipped kitchen, and comfortable bedding to cater to both vacationers and business travelers.
Lighting and Ventilation
- Optimize natural light by using sheer curtains and mirrors. Also, ensure good ventilation, especially in a coastal area, to maintain a fresh and airy feel.
Safety and Compliance
- Ensure your design complies with local regulations. Include necessary safety features such as clearly marked evacuation routes, smoke detectors, and fire extinguishers as required by Hallandale Beach's short-term rental regulations.
Modern Amenities
- Equip your space with modern amenities that guests expect, such as fast WiFi, smart TVs, and fully stocked kitchens. These amenities can significantly enhance the guest experience.
Outdoor Spaces
- If your property has an outdoor area, furnish it with comfortable outdoor furniture and amenities like BBQs or pool access to extend the living space and enhance the coastal experience.
Personal Touches
- Add personal touches such as local artwork, guidebooks to the area, and a welcome note to make guests feel welcome and connected to the local culture.
Cleanliness and Maintenance
- Ensure the space is meticulously clean and well-maintained. This includes regular cleaning, fresh linens, and well-maintained appliances to reflect the high standards expected in Hallandale Beach vacation rentals.
Discover Hallandale Beach: Local Attractions and Insider Tips
Local Attractions
Beach and Boardwalk
- Hallandale Beach Boardwalk: A picturesque pathway along the coastline offering stunning ocean views, access to local shops, and cafes. Guests can rent a bike or take a leisurely walk to soak in the beachfront ambiance.
- South City Beach Park: Features easy and affordable beach-access parking, restrooms, outdoor showers, a children's playground, sand volleyball courts, and an outdoor pavilion available for rent.
- North City Beach Park: Home to the world-famous Beach Ball Water Tower, sand volleyball courts, restrooms, and outdoor showers. Perfect for relaxing and enjoying the sound of the surf.
Entertainment and Gaming
- Gulfstream Park: A premier entertainment destination featuring live thoroughbred racing, a two-story casino, over 20 restaurants, bars, and night spots, as well as shopping at the Villages at Gulfstream Park.
- The Big Easy Casino: Offers 700 slots, 30 poker tables, and the largest number of video poker games in Florida, along with live entertainment.
Nature and Outdoor Activities
- Anne Kolb Nature Center: Explore mangrove forests, observe wildlife, and take a guided boat tour through the Intracoastal Waterway. A serene escape from the bustling beach scene.
- Joseph Scavo Park: Newly remodeled, featuring a playground, dog parks, a walking path, and picnic areas. Ideal for families and pet owners.
- Oleta River State Park: A natural oasis perfect for kayaking, paddleboarding, and hiking. Escape into lush mangroves and explore the peaceful waters of Biscayne Bay.
Shopping and Dining
- Aventura Mall: A shopping paradise with luxury boutiques, department stores, and diverse dining options. Treat yourself to a memorable shopping spree amidst elegant surroundings.
- ETARU: Offers indoor and outdoor oceanfront dining with fresh seafood and Japanese-inspired cuisine.
- Juniper on the Water: Provides elevated American and Mediterranean fare with a view of the Intracoastal Waterway.
- Padrino's Cuban Cuisine and A Touch of Cuba: Local favorites for Cuban cuisine.
- Screaming Carrots: A plant-based organic restaurant with healthy and delicious options.
Insider Tips
Best Time to Visit
- The best time to visit Hallandale Beach is generally from December to April, when the weather is cooler and more pleasant.
Local Events
- Beach Entertainment Series: On the fourth Sunday of every month between December and April, South City Beach Park hosts local musicians and other events.
Hidden Gems
- Café Cita: A cozy café just footsteps from the sand, serving fresh omelets and fruit smoothies. A local favorite that turns first-time visitors into regular customers.
- Beachwalk Resort: Offers stunning ocean views, resort-style service, and easy walking access to the beach and city amenities.
Practical Information
- Hallandale Beach City Marina: Offers annual leases and daily slips for visitors arriving by boat, ensuring access to fishing and watersports activities.
- Public Amenities: Both South City Beach Park and North City Beach Park provide free public amenities such as restrooms, outdoor showers, and picnic areas.
By sharing these local attractions and insider tips, you can help your guests make the most of their visit to Hallandale Beach and create unforgettable memories.
Practical Tips to Run a Successful Short-Term Rental Business in Hallandale Beach, Florida
To ensure a successful and compliant short-term rental business in Hallandale Beach, Florida, several practical tips can be implemented:
Noise Regulations and Guest Communication
Inform your guests about the quiet hours and noise regulations in the area to avoid any potential issues with neighbors. Including this information in your digital and physical house manual helps set clear expectations and maintains a harmonious environment.
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 outline the property's rules, including noise regulations, to ensure guests are well-informed.
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 parking instructions accompanied by photos to avoid any confusion.
Compliance with Local Regulations
Ensure you comply with all local regulations, including obtaining the necessary Vacation Rental License and Business Tax Certificate, as mandated by Hallandale Beach's Ordinance 2018-003. This includes adhering to building and fire codes, solid waste regulations, and occupancy limits to avoid penalties and maintain a safe and comfortable environment for your guests.
By following these tips, you can enhance the guest experience, reduce potential issues, and operate a successful and compliant short-term rental business in Hallandale Beach.
Here is a brief list of house cleaning providers in Hallandale Beach, Florida:
House Cleaning Services in Hallandale Beach, FL
My Cleaning Angel
- Matches clients with cleaners for house cleaning services.
- Online booking available.
Cleany
- Offers top-to-bottom residential and commercial cleaning services.
- Awarded “Best House Cleaning Services In Hallandale Beach 2022” by Expertise.com.
MaidPro
- Customizes services to meet client needs and budget.
- Uses a 49-Point Checklist™ to guarantee quality.
Other Providers
- Various cleaners listed on Angie's List, with reviews and ratings available.
- Multiple affordable house cleaning options listed on Care.com, with rates, reviews, and experience details.
Short-Term Rental Management Fees in Hallandale Beach, Florida
In Hallandale Beach, Florida, the fees for managing short-term rentals can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management, which includes comprehensive tasks such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often ranging from 20% to 30% of the rental income.
Basic or partial management services, which may involve fewer responsibilities such as coordinating with cleaning crews or restocking supplies, can cost less, usually falling in the lower percentage range. Additionally, property owners may incur extra fees for specific services like cleaning, repairs, or design enhancements, which can further impact the overall management cost. Ensuring compliance with local regulations, such as obtaining the necessary Vacation Rental License and adhering to tax requirements, is also a critical aspect of short-term rental management in Hallandale Beach.