Airbnb & VRBO Performance in Palm Bay Florida.

Short-Term Rental Regulations in Palm Bay, Florida for 2024

General Regulations

• Lack of Specific City Regulations: Palm Bay does not have specific regulations for short-term rentals within the city limits, as per the city's code of ordinances.
• State and County Compliance: Despite the lack of city-specific regulations, hosts must comply with state and county laws and regulations.

Licensing and Registration

• State License Requirement: If renting an entire unit more than three times in a calendar year for periods of less than 30 days or one calendar month, a Florida Department of Business and Professional Regulation (DBPR) license is required.
• Local License: Hosts are still required to obtain a local license, although specific details are not outlined in the city's code of ordinances.

Taxes and Fees

• Sales Tax and Tourist Taxes: Hosts must collect and remit state sales and local tourist taxes, which usually range between 7.5% and 12% of revenue.
• Application and License Fees: A $50 application fee and annual license fees, which vary based on the number of rental units, are required for the DBPR license.

Safety and Health Regulations

• Smoke Detectors and Fire Safety: All units must comply with the requirements of NFPA 101, the Life Safety Code, including the installation of smoke detectors in every living unit.
• Balcony Inspections: If the rental property is in a building three or more stories high or has balconies at least 17 feet from ground level, a certified inspector must assess the balcony.

Occupancy and Other Restrictions

• Occupancy Limits: While Palm Bay does not have specific occupancy limits, state legislation allows local governments to determine occupancy based on the number of bedrooms (two people per bedroom plus two additional people in a common area).
• Noise and Other Local Regulations: Hosts must adhere to general noise and other local regulations, although these are not specifically outlined in Palm Bay's code of ordinances.

Enforcement and Violations

• Compliance with Local Ordinances: Hosts must comply with local ordinances, and violations can result in penalties. Local governments can suspend vacation rental registrations for up to 30 days following three or more violations within a 90-day period.
• Training for Employees: Employees hired to maintain the property or greet guests must be trained appropriately, including training on human trafficking notification.

Additional Requirements

• Federal Employer Identification Number (FEIN): Hosts need to obtain a FEIN from the U.S. Internal Revenue Service.
• Social Security Number or Individual Taxpayer Identification Number (ITIN): Required for obtaining a Business Tax Receipt.
• Zoning Compliance: Hosts should ensure their property complies with local zoning regulations.

Top Neighborhoods for Airbnb Revenue in Palm Bay, Florida

Neighborhoods Generating the Most Airbnb Revenue

1. Port Malabar Country Club

• This neighborhood is highly appealing due to its proximity to various amenities and attractions. It offers a range of properties, including those with pools, dedicated workspaces, and pet-friendly options. The area's golf courses and family-friendly environment make it a favorite among guests.

2. Melbourne Beach

• Located near the Atlantic Ocean, Melbourne Beach is a prime destination for beachgoers and those looking for water sports. Properties here often feature beach access, outdoor spaces, and stunning water views, making them highly sought after by guests.

3. Bayside Lakes

• Bayside Lakes is another popular neighborhood due to its central location and easy access to local restaurants, bars, and other attractions. Properties in this area often include amenities like bicycles, beach chairs, and umbrellas, enhancing the guest experience.

Why These Neighborhoods Are Appealing

• Proximity to Attractions: All these neighborhoods are close to major attractions such as the Kennedy Space Center, Cocoa Beach, and various water sports facilities, making them convenient for guests.
• Amenities and Services: Properties in these areas often come with desirable amenities like pools, dedicated workspaces, and outdoor spaces, which cater to a wide range of guest needs.
• Family-Friendly Environment: The neighborhoods offer a family-friendly atmosphere with access to parks, golf courses, and other recreational activities, making them ideal for families and larger groups.
• Local Regulations and Management: While there are specific short-term rental regulations in Palm Bay, professional management companies can help hosts comply with these rules, ensuring a smooth and stress-free experience for both hosts and guests.

Creating an Inviting Airbnb in Palm Bay, Florida: Design and Furnishing Tips

Color Palette and Decor

• Use a neutral color palette for walls and large furniture pieces to create a relaxed and welcoming atmosphere. However, incorporate bright colors and tropical decorations to reflect Palm Bay's tropical and coastal vibe.

Natural Materials and Textures

• Incorporate natural materials such as wood, bamboo, and wicker to add warmth and a touch of the outdoors to your space.

Comfort and Style

• Focus on comfort and style by using high-end mattresses, bedding, and furniture. Ensure that each room is well-equipped with amenities like 4K TVs, high-speed internet, and fully equipped kitchens.

Outdoor Spaces

• Highlight Palm Bay's outdoor lifestyle by including amenities like screened porches, front porches, BBQ areas, fire pits, and outdoor patios. These spaces should be well-maintained and inviting.

Local and Tropical Themes

• Incorporate local and tropical themes through decor such as surfboards, beach-themed artwork, and tropical plants. This will help guests feel connected to the local culture and environment.

Amenities and Extras

• Provide additional amenities that guests might appreciate, such as beach chairs, beach towels, sand toys, and other beach essentials. These extras can enhance the guest experience and make your property stand out.

Maintenance and Cleanliness

• Ensure that all amenities, including pools, hot tubs, and outdoor spaces, are well-maintained and clean. This is crucial for maintaining a positive guest experience and high ratings.

Guest Convenience

• Offer self-check-in options and ensure that the property is equipped with modern conveniences like WiFi, laptop-friendly workspaces, and smart home devices to make guests' stays as comfortable and convenient as possible.

Family-Friendly Features

• For family-friendly rentals, include amenities such as high chairs, travel cribs, and strollers to cater to families with children.

By following these tips, you can create an inviting and stylish Airbnb in Palm Bay, Florida, that reflects the city's unique coastal charm and meets the expectations of your guests.

Discovering Palm Bay, Florida: Local Attractions and Insider Tips for Airbnb Hosts

Local Attractions

Nature and Outdoor Activities

• Turkey Creek Sanctuary: A small nature reserve perfect for family outings and spending quality time in nature.
• Fred Poppe Regional Park: A 200-acre park offering disc golf, fishing, and various competitive sports. Ideal for a full day of outdoor activities.
• Castaway Point Park: A city park close to downtown, great for a leisurely walk or picnic.
• Living Waters Kayaking: Offers guided pedal kayak tours, fishing charters, and eco tours in the Indian River Lagoon.

Parks and Recreation

• Goode Park: A local park with amenities for a relaxing day outdoors.
• Fred Lee Park: Another city park with recreational facilities.
• Inspiration Park: A park with various amenities, open from 8:00 AM.

Unique Experiences

• The Compound: An area primarily used for recreational off-road vehicles and other outdoor activities.
• Grapefruit Bike Trail: A free ride park with multiple line hubs and advanced single tracks for intermediate to advanced bikers.
• Brevard County Tours: Offers dolphin and manatee tours, as well as fishing charters along the Indian River Lagoon and Turkey Creek.

Cultural and Entertainment

• The Tangiers: A classic Vegas-inspired performance venue and event center, though currently temporarily closed.
• Ted Moorhead Lagoon House: Provides a wealth of history about the Space Coast and the Indian River Lagoon.
• Harris Establishment Farms: Hosts the 2024 Spring Flower Festival with various activities including animal viewing.

Nearby Attractions

• Kennedy Space Center: Located about 55 km from Palm Bay, a must-visit for science and technology enthusiasts.

Insider Tips for Guests

Getting Around

• St. John's Heritage Parkway: A convenient arterial roadway that helps alleviate traffic and provides easier access to various parts of the city.

Local Events

• Labor Day Weekend Music Festival: Enjoy reggae, R&B, and jazz music at the Greater Palm Bay Senior Activity Center.
• Tough Mudder Events: Keep an eye out for annual events like the Tough Mudder, which draws a large crowd and offers a unique experience.

Dining and Nightlife

• The Shack Riverfront Restaurant and Tiki Bar: A great spot for dining and enjoying waterfront views, especially during events like the Labor Day Music Fest.
• Texas Roadhouse Palm Bay: Known for hand-cut steaks, fall-off-the-bone ribs, and other American favorites.

Shopping

• Unique Shopping Experiences: Palm Bay offers scenic waterfront views and unique shopping experiences along the Indian River Lagoon.

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

Practical Tips to Run a Successful Short Term Rental Business in Palm Bay, Florida

To ensure the success and smooth operation of a short-term rental business in Palm Bay, Florida, several practical tips can be implemented:

Noise Regulations and Guest Communication

Inform guests about quiet hours and noise regulations to maintain a respectful environment for both the guests and the neighbors. Including this information in the house manual or welcome message can help set clear expectations.

Comprehensive House Manual

Create both digital and physical house manuals that include essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This helps guests navigate the property easily and reduces the need for frequent inquiries.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide detailed parking instructions accompanied by photos to ensure guests can find and use the designated parking areas without confusion.

By adhering to these tips, hosts can enhance the guest experience, reduce potential issues, and ensure compliance with local regulations such as safety and noise standards, which are crucial in Palm Bay.

Here is a brief list of house cleaning providers in Palm Bay, Florida:

House Cleaning Services

1. Tina Maids

• Provides residential cleaning, deep cleaning, and move-in/move-out cleaning services.
• Offers weekly, bi-weekly, and monthly cleaning plans.
• Serves Palm Bay and surrounding areas.

2. Homeaglow

• Offers professional and affordable house cleaning services.
• Background-checked cleaners and a 3-hour cleaning service starting at $19.

3. Care.com House Cleaning

• Lists various affordable house cleaning options starting at $18.94/hr.
• Allows searching by rates, reviews, experience, and more.

4. HomeAdvisor Maid Services

• Provides a list of the best maid services in Palm Bay, FL, with average costs and reviews.
• Services include standard and deep cleaning.

5. Angie's List House Cleaners

• Features top-rated house cleaners in Palm Bay, FL, with reviews and ratings.
• Includes information on average costs and types of cleaning services available.

Short-Term Rental Management Fees in Palm Bay, Florida: A Comprehensive Guide

In Palm Bay, Florida, the management fees for short-term rentals, such as those listed on Airbnb or VRBO, can vary significantly depending on the level of service provided. Typically, these fees range from 10% to 30% of the rental revenue. Full-service management, which includes comprehensive services like guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often starting at around 15% of revenue.

Basic services, which might only include tenant placement or minimal management, can be less expensive, sometimes starting as low as 10%. Additionally, property owners may incur extra fees for specific services such as cleaning, repairs, or design and furnishing, which can be billed separately or included in the overall management fee. Understanding these fee structures is crucial for property owners to manage their short-term rental investments effectively and maximize their revenue in Palm Bay.