Airbnb & VRBO Performance in Providence Florida.

Short-Term Rental Regulations in Providence, Rhode Island (Not Florida) for 2024

Note: Providence is in Rhode Island, not Florida. Here are the regulations for Providence, RI.

Definitions

• Short-Term Rental: The occupancy or use, for a fee, of all or portions of a dwelling unit by anyone other than the owner for a period of fewer than 28 consecutive calendar days.
• Owner-Occupied: A property on which its owner considers it their predominant and principal home and spends a majority of the year occupying the property.

Zoning and Allowances

• R1, R1A, R2, and R3 Zones: Owner-occupied dwellings can be used as short-term rentals, including allowing owner-occupants in multi-family dwellings to use their spare apartment(s) for short-term rentals.
• All Other Zones: Dwellings can be used as short-term rentals where residences are allowed.

Temporary Use Permit Requirements

• Entire Dwelling Units: Must have a temporary use permit issued by the Dept. of Inspection and Standards. These permits must be renewed annually.
• Private Bedroom Rental: No permit is required if the owner rents out an individual room in their home and is residing in the dwelling unit during the term of the rental.

Safety Measures

• Basic Safety Requirements: Must have visible printed materials with diagrams of all exits and clearly marked fire extinguishers.

Additional Regulations

• Registration and Compliance: All short-term rentals must comply with local ordinances and regulations.

Since the query mistakenly referred to Providence, Florida, which does not exist, the above regulations pertain to Providence, Rhode Island. For Florida-specific regulations, you can refer to the sources provided about Florida's short-term rental laws.

Top Neighborhoods for Airbnb Revenue in Providence, Rhode Island (Not Florida)

Note: Providence is located in Rhode Island, not Florida.

List of Neighborhoods and Their Appeal

1. College Hill, Providence

• Airbnb Annual Revenue: $64,572
• Median Property Price (2 bedrooms): $409,000
• Gross Rental Yield: 15.79%
• Appeal: College Hill is known for its historic charm, beautiful architecture, and proximity to Brown University and the Rhode Island School of Design (RISD). Guests are attracted to its upscale environment and the vibrant cultural scene.

2. Mount Hope, Providence

• Airbnb Annual Revenue: $57,800
• Median Property Price (2 bedrooms): $259,900
• Gross Rental Yield: 22.24%
• Appeal: Mount Hope offers a mix of historic homes and modern amenities. Guests appreciate its quiet, residential atmosphere and the easy access to downtown Providence.

3. Federal Hill, Providence

• Airbnb Annual Revenue: $45,500
• Median Property Price (2 bedrooms): $175,000
• Gross Rental Yield: 26%
• Appeal: Federal Hill is famous for its stunning views of the Providence skyline and its historic architecture. Guests enjoy the neighborhood's vibrant nightlife, restaurants, and shops.

4. Downtown Providence

• Airbnb Annual Revenue: $39,768
• Median Property Price (1 bedroom): $199,000
• Gross Rental Yield: 19.98%
• Appeal: Downtown Providence offers a central location with easy access to major attractions, restaurants, and cultural events. Guests like the bustling city life and the convenience of being close to everything.

5. Olneyville, Providence

• Airbnb Annual Revenue: $37,280
• Median Property Price (3 bedrooms): $219,900
• Gross Rental Yield: 16.95%
• Appeal: Olneyville is a diverse neighborhood with a mix of old and new homes. Guests appreciate its community feel, local shops, and the proximity to downtown Providence.

These neighborhoods in Providence, Rhode Island, are highly appealing to guests due to their unique blend of historical charm, cultural attractions, and convenient locations, making them lucrative options for Airbnb investors.

Tips for Furnishing and Designing an Inviting Airbnb in Providence, Florida

Bedroom Furniture and Amenities

• Include Essential Furniture: Ensure each bedroom has a bedframe, closet or clothing rack, nightstand(s), and lamp(s). For master bedrooms, consider a king-size bed, while guest bedrooms can have double or storage beds.
• Quality Bedding: Provide a comfortable mattress (at least 8 inches thick, preferably memory foam), mattress cover, sheets, pillows, and a duvet or comforter. Use bed bug protectors and mattress pads for added protection.
• Accessories and Decor: Add hangers, a full-length mirror, and consider blackout curtains and sound machines for a cozy atmosphere.

Living Room Furniture and Design

• Comfortable Seating: Choose a couch or sofa bed that fits the room's size and layout. For larger spaces, an oversized sectional couch is ideal, while studio apartments may benefit from a sofa that converts to a pull-out bed.
• Functional Layout: Include a coffee table, end tables, and an entertainment center. Ensure the furniture is easy to clean and maintain.
• Smart TV and WiFi: Install a smart TV and provide high-speed WiFi to enhance the guest experience.

Kitchen Appliances and Essentials

• Necessary Appliances: Equip the kitchen with a refrigerator, cooktop, oven, microwave, coffee maker, and toaster oven or toaster. A dishwasher is optional but preferable.
• Cooking Utensils and Dishes: Provide cooking utensils, pots, pans, cookie sheets, plates, bowls, and silverware. Include a trash can, recycling bin, and paper towel holder.
• Storage and Organization: Use cabinets, pegboards, and stackable containers to keep the kitchen organized and functional.

Bathroom Furnishings and Amenities

• Basic Amenities: Ensure each bathroom has basic amenities like shampoo, conditioner, soap, and towels of various sizes. Include a towel rack, shower rack, and storage bins for toiletries.
• Safety and Cleanliness: Mount TVs and secure large full-length mirrors to the wall. Choose durable, easy-to-clean towels and provide a hairdryer and basic toiletries.

General Design Tips

• Smart Storage: Use beds with drawers, wall hooks, and stackable containers to boost storage and keep the space tidy.
• Space-Saving Furniture: Opt for space-saving furniture like sofa beds, folding tables, and ottomans with hidden storage compartments.
• Easy to Clean: Select furniture that is easy to clean and maintain. Avoid real and faux leather, and opt for washable covers on sofas.
• Reflect Local Style: Incorporate elements that reflect the unique style of Providence, Florida, such as using pastel colors, natural materials, and local decor to create a welcoming and authentic atmosphere.
• Accessibility: Consider making your Airbnb accessible to guests with disabilities by including ramps, wide doorways, and grab bars in bathrooms.

Additional Considerations

• Measure and Plan: Measure your rooms and plan the layout carefully to ensure there is plenty of space to move around and that natural light sources are not blocked.
• Theme Consistency: Stick to a theme if you have one, and choose timeless, sturdy pieces that will last. Avoid unnecessary decor and furniture that does not serve a purpose.
• Off-Season Updates: Update your furniture during the off-season or plan short gaps between bookings to minimize disruption to guests.

Local Attractions and Insider Tips for Visitors to Davenport, Florida

Outdoor Activities and Nature Spots

• Lake Louisa State Park:
• A scenic park with over 4000 acres of greenery, lakes, hiking trails, equestrian trails, and camping options. Perfect for a day in nature, hiking, swimming, or a picnic.
• Northeast Regional Park:
• Offers basketball, tennis, soccer, racquetball, running and walking trails, a playground for kids, a boat ramp, and lake access. Ideal for family outings and outdoor activities.
• Kissimmee Lakefront Park:
• Features fishing piers, boating, a boat launch, marina and bait store, playgrounds, a splash area, picnic tables, and walking trails. Great for fishing, boating, and enjoying nature.

Unique Experiences

• Hot Air Balloon Ride:
• Experience a sunrise hot air balloon ride over the Green Swamp. Includes setup, flight time, and landing, with a champagne toast. A romantic and memorable experience.
• Wallaby Ranch Hang Gliding:
• For the adventurous, try hang gliding at Wallaby Ranch, a unique and thrilling experience.

Family-Friendly Attractions

• Legoland:
• Located in Winter Haven, this family-friendly amusement park features Lego-themed rides, shows, and attractions. Perfect for a day trip with kids.
• Fossil Funatics:
• Engage in fossil, shark tooth, and mineral hunting. Offers family-friendly canoe or kayak tours as well.
• Gatorland:
• A theme park and wildlife preserve with thousands of alligators and crocodiles. Great for families interested in wildlife.

Entertainment and Dining

• Disney Springs:
• A plaza offering dining, shopping, and entertainment options. Includes the World of Disney store and various themed restaurants.
• Cinepolis Movie Theater:
• An upscale movie theater in Posner Park with IMAX, reserve seating, gourmet snacks, and a full bar. Ideal for a rainy day or evening out.
• The Fish and Chip Shop:
• A local favorite serving traditional fish and chips, fresh chips, and mushy peas. Cozy atmosphere with a touch of England.

Relaxation and Leisure

• Cenote Day Spa:
• A top-rated day spa offering massage therapy, facials, and other spa treatments. Perfect for relaxation and rejuvenation.
• Providence Golf Club:
• An 18-hole championship golf course open to the public. Enjoy a round of golf and lunch at the clubhouse.

Insider Tips

• Day Trips:
• Consider day trips to nearby cities like Lakeland, Winter Haven, and Plant City for additional attractions and experiences.
• Local Restaurants:
• Try local eateries like Ovation Bistro and Bar for ribs, steaks, and seafood, or Harry's Old Place for waterside dining and oysters.
• Community Events:
• Check local event calendars for festivals and community events that can enhance your stay in Davenport.

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

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

Noise Regulations and Guest Communication

Informing guests about noise regulations and quiet hours is crucial to maintain a positive relationship with neighbors and ensure compliance with local laws. Clearly outline quiet hours and noise policies in both digital and physical house manuals 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 be easily accessible to guests, either through a welcome packet or a digital link provided upon booking.

Simplified Check-in Process

Streamline the check-in process by utilizing smart locks, which eliminate the need for physical keys and allow guests to enter the property at their convenience. Provide clear parking instructions accompanied by photos to help guests navigate the property easily.

Efficient Guest Experience

Enhance guest satisfaction by ensuring all aspects of the rental are well-maintained and clearly communicated. Regular maintenance, professional cleaning services, and prompt communication can significantly improve guest reviews and repeat bookings. By following these tips, you can create a seamless and enjoyable experience for your guests, contributing to the long-term success of your short-term rental business.

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

House Cleaning Providers in Providence, FL

Vacation Home Help

• Specializes in cleaning services for vacation rentals, Airbnb properties, and other home types including vacation rentals, condominiums, townhomes, single-family homes, and multi-family homes.
• Offers scheduling around your needs and automation of cleans through calendar software.
• Pricing based on number of rooms, laundry requirements, square footage, and additional services.

Any House Cleaning Services

• Although primarily based in Champions Gate and Davenport, they also serve the surrounding areas including Providence.
• Offers a wide range of services including maid/house cleaning, tile-grout cleaning, carpet cleaning, new construction cleaning, post-remodeling cleaning, and more.
• Uses advanced cleaning equipment and follows CDC protocols for COVID-19.

Note that while the other sources mention cleaning services in nearby areas, they do not specifically mention Providence, FL.

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

In Providence, 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, which includes guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often costing between 20% to 30% of the rental income. In contrast, basic services that may only include rent collection and minimal oversight can be less expensive, falling closer to the 10% mark. Additionally, property owners may incur extra fees for services such as cleaning, repairs, and design, which can further impact the overall cost of management. Understanding these fee structures is crucial for property owners to make informed decisions and maximize their rental income.