Short-term rentals in Okeechobee, Florida, are performing strongly, with an average 47% occupancy rate and a daily rate of $187, highlighting the area's popularity for comfortable and scenic stays.
Thriving Short-Term Rentals in Okeechobee, Florida
Okeechobee, Florida, is experiencing a robust performance in its short-term rental market. With an impressive average occupancy rate of 47%, these rentals are in high demand. The average daily rate for short-term rentals in Okeechobee stands at $187, contributing to a substantial monthly revenue of $12,476. This strong performance indicates a healthy and lucrative market for property owners and a welcoming environment for visitors, making Okeechobee an attractive destination for both investors and travelers.
Short-Term Rental Regulations in Okeechobee, Florida for 2024
Licensing and Inspection
- All short-term rental properties must be licensed and inspected annually.
Taxation
- Hosts are required to collect a 7% sales tax and a 5% tourist development tax on all bookings. These taxes must be remitted to the Florida Department of Revenue and the Okeechobee County Tax Collector, respectively.
Zoning Laws
- Hosts must ensure their properties comply with local zoning laws. They should check with the Okeechobee City Planning and Development Department to ensure their property is zoned appropriately for short-term rentals.
Registration and Compliance
- Vacation rental owners must register their properties. Failure to comply with registration requirements can result in fines.
Maintenance and Operations
- Regular maintenance is required to ensure the property is guest-ready. This includes scheduling maintenance during off-peak times to minimize disruption.
Guest Capacity
- While specific occupancy limits are not detailed in Okeechobee regulations, state regulations may apply. According to state law, the maximum overnight occupancy should not exceed two persons per bedroom, plus an additional two persons in one common area, or more than two persons per bedroom if there is at least 50 square feet per person, plus an additional two persons in one common area.
Emergency Contact
- A responsible party must be available by telephone 24 hours a day, seven days a week, to respond to complaints or emergencies related to the vacation rental. However, they do not need to respond until 9 a.m. the following morning.
Fines and Penalties
- Violations of these regulations can result in hefty fines. For example, under state regulations, a vacation rental registration can be suspended for up to 90 days for repeated violations.
Local Ordinances
- Local governments can enforce ordinances related to issues such as noise, trash, and parking. Any local ordinances adopted before June 1, 2024, may be grandfathered in, although this is subject to the approval of the new state regulations.
Top Neighborhoods for Airbnb Revenue in Okeechobee, Florida
1. Taylor Creek
- Appeal: Taylor Creek is highly appealing due to its direct access to Lake Okeechobee, Florida's largest freshwater lake. Properties here, such as the "Taylor Creek Retreat- Lake Okeechobee Access!" and "Entire Home with Backyard Tiki Bar on the Water," offer boat docks, tiki bars, and scenic canal views, making them ideal for fishermen and families looking to enjoy water activities and tranquil settings.
2. Buckhead Ridge
- Appeal: Buckhead Ridge is a favorite among guests due to its safe and seasonal community atmosphere. The "Lake Okeechobee Crappie Cottage Tiny House for Two" is a standout, offering a cozy retreat with no cleaning fee, bikes for use, and proximity to the Kissimmee River. This area is known for its fishing and leisure activities, making it a haven for those seeking relaxation and outdoor adventures.
3. Okeechobee City
- Appeal: Properties within Okeechobee City itself are popular due to their central location, close to supermarkets, shopping, and various attractions. The "Home in Okeechobee" with a backyard tiki bar and the "Cottage on the Canal" are highly rated for their cleanliness, location, and amenities such as private tiki bars, large lanais, and fully stocked kitchens. These features make them attractive for both families and fishermen.
4. Venus
- Appeal: Although slightly outside the immediate Okeechobee area, Venus is notable for its rustic charm. The "1930's Old Florida Shingle Cabin" offers a peaceful getaway with access to Fisheating Creek, a firepit, and a historic setting. This unique blend of old Florida charm and natural beauty draws guests looking for a serene and authentic experience.
5. Sebring (adjacent to Lake Okeechobee)
- Appeal: While technically in a neighboring area, Sebring's proximity to Lake Okeechobee and its own lake, Lake Sebring, makes it a significant contributor to Airbnb revenue. Properties like the "Home in Sebring" or "Manatee Manor 3/2 House on Lake Sebring!" are highly rated for their modern amenities, central locations, and easy access to water activities, making them appealing for guests who want a mix of relaxation and convenience.
Tips for Furnishing and Designing an Inviting Airbnb in Okeechobee, Florida
Understanding the Local Style
- Okeechobee, Florida, is known for its natural beauty and outdoor recreational opportunities. Incorporate elements that reflect this, such as using natural materials, earthy colors, and decor that highlights the local wildlife and scenery.
Choosing the Right Furniture
- Invest in modern and durable furniture, especially in living and dining areas, to accommodate larger groups and families.
- Avoid overly generic furniture; instead, opt for unique pieces that add character to the space.
- Consider statement pieces like couches, coffee tables, and dining room tables that define the space and create a welcoming atmosphere.
Budgeting and Cost-Effective Tips
- Set a budget and prioritize spending on key areas such as the living room or dining room.
- Save money by purchasing essential items like sheets, duvet covers, and duvet inserts from affordable sources, as these will need to be replaced frequently.
- Use mood boards to visualize and plan your design without overspending.
Enhancing with Extras
- Add plants and greenery to liven up the space and create a more inviting atmosphere.
- Provide extras such as good coffee and tea, breakfast items, toiletries, and reliable Wi-Fi to enhance the guest experience.
Maintaining a Fresh and Well-Maintained Property
- Regularly update the property's decor and amenities to keep the space fresh and appealing to guests.
- Ensure the property is always clean and well-maintained between guest stays.
Reflecting Local Charm
- Incorporate local elements such as artwork, decorative items, or furniture that reflects the unique culture and environment of Okeechobee.
- Consider adding outdoor amenities like a pool, patio, or BBQ area to take advantage of the city's outdoor lifestyle.
Guest Comfort and Convenience
- Ensure the property is equipped with everything needed for a comfortable stay, including a fully furnished kitchen, comfortable bedding, and ample storage space.
- Provide clear instructions and amenities that make the guest's stay convenient, such as a detailed guide to the property and local attractions.
Discover Okeechobee, Florida: Local Attractions and Insider Tips
Outdoor Adventures
- Lake Okeechobee Scenic Trail:
- A 109-mile mostly paved trail atop the Herbert Hoover Dike, perfect for hiking, biking, and jogging. Offers scenic views of the lake and surrounding agricultural landscapes.
Insider Tip: Look out for wildlife, especially during fall and winter when birds like herons, egrets, and wintering waterfowl are abundant.
Kissimmee Prairie Preserve State Park:
- A vast open landscape ideal for birdwatching and photography. Spot unique species like the grasshopper sparrow, crested caracara, or burrowing owl.
Insider Tip: Bring binoculars and a camera to capture the stunning vistas and wildlife.
Kayaking on the Kissimmee River:
- Paddle through pristine waters and observe diverse wildlife. Contact Okeechobee Kayak Rental for more information.
- Insider Tip: Early morning or late afternoon kayaking trips can offer the best wildlife viewing experiences.
Historical and Cultural Sites
- Okeechobee Battlefield Historic State Park:
- A 145-acre park commemorating the Battle of Lake Okeechobee from the Second Seminole War. Annual reenactments are held here.
Insider Tip: Check the park's schedule for reenactment events to add a historical dimension to your visit.
Veteran’s Memorial Park:
- Honors veterans with memorial walls and installations of military ordnance. Located on NW Park Street.
Insider Tip: Take a moment to reflect on the history and sacrifices at this poignant park.
Okeechobee Main Street Murals:
- Vibrant murals depicting the town's history and spirit. Get information from Okeechobee Main Street.
- Insider Tip: Take a self-guided tour to explore the murals and learn about the local culture.
Entertainment and Leisure
- Seminole Brighton Casino:
- Offers over 400 slot and gaming machines, high-stakes bingo, and table games. Includes the Josiah Restaurant & Lounge.
Insider Tip: Enjoy a night out with dining and entertainment options, and take advantage of the casino’s promotions.
Motobros Raceway:
- An action-packed motocross experience with challenging dirt tracks and jumps.
Insider Tip: Check the raceway’s schedule for events and consider attending a race for an adrenaline-packed experience.
Eaglebay Airboat Rides:
- Explore Lake Okeechobee on an airboat tour, offering a unique perspective on the lake’s wildlife and scenery.
- Insider Tip: Wear comfortable clothing and bring a camera to capture the wildlife and scenic views.
Parks and Community Spaces
- Veterans Park, Butterfly Park, and Cattleman's Park:
- Each park has its unique charm and offers a relaxing stroll along Park Street with local shops and eateries nearby.
Insider Tip: Combine a park visit with shopping and dining on Park Street for a well-rounded day.
Wagon Wheel Horse Farm:
- Offers horseback riding adventures with experienced guides. Explore the countryside and connect with nature.
- Insider Tip: Book a guided trail ride to experience the local countryside in a unique and memorable way.
Additional Tips
- Florida Trail Passport Program:
- Collect stamps and souvenirs from Gateway Community businesses along the Florida Trail to remember your journey.
Insider Tip: Bring a passport to get stamped at various stops, adding a fun element to your exploration.
Local Events:
- Check for annual events like the Okeechobee Music & Arts Festival, which attracts a large crowd and offers a multi-genre music experience.
- Insider Tip: Plan your visit around local festivals to experience the community’s vibrant culture.
By sharing these attractions and insider tips, you can help your guests make the most of their visit to Okeechobee, Florida.
Practical Tips to Run a Successful Short Term Rental Business in Okeechobee, Florida
To ensure the success of a short-term rental business in Okeechobee, Florida, several practical tips can be implemented. First, it is crucial to address noise regulations by informing guests about quiet hours through clear communication in the listing and upon check-in. This helps maintain a positive relationship with neighbors and avoids potential issues.
Creating a comprehensive digital and physical house manual is also essential. This manual should include detailed instructions on how to use appliances, Wi-Fi passwords, and other essential information to ensure a smooth stay for guests. Additionally, simplifying the check-in process using smart locks can enhance guest convenience and reduce the need for physical key exchanges.
Providing detailed parking instructions accompanied by photos can help guests navigate the property easily, reducing the likelihood of confusion or complaints. By focusing on these aspects, you can enhance the guest experience, improve occupancy rates, and maintain a positive reputation for your short-term rental business in Okeechobee, Florida.
Here is a brief list of house cleaning providers in Okeechobee, Florida:
House Cleaning Services
Care.com Listings
- Multiple individual cleaning ladies and house cleaning services listed, with average rates starting at $18-$19/hr.
Sparkling and Beyond
- Offers professional deep cleaning services for houses, businesses, and commercial properties.
Walmart House Cleaning Services
- Provides cleaning services for various parts of the home, including bathrooms, kitchens, and bedrooms.
A-1 Cleaning Concepts Inc.
- Has been servicing homeowners in Florida since 2000, offering high-quality professional cleaning services.
Note
For repair or maintenance providers, the provided sources do not include specific listings. However, these cleaning services may offer additional maintenance or repair referrals through their networks.
Short-Term Rental Management Fees in Okeechobee, Florida: A Comprehensive Guide
In Okeechobee, 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 guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often charging between 20% to 30% of the rental income.
Basic services, such as property listing and booking management, may incur lower fees. Additionally, property owners may encounter extra fees for services like cleaning, repairs, and design enhancements. These fees can be structured as a percentage of the rental revenue, flat fees per booking, or monthly charges, and it is crucial for property owners to understand all the components of the fee structure before engaging a property management company.