The short-term rental market in Shalimar, Florida is thriving, with high occupancy rates, strong revenue growth, and a wide range of highly-rated accommodations that cater to various needs and preferences, making it an attractive destination for both investors and travelers.
Thriving Short-Term Rentals in Shalimar, Florida
Shalimar, Florida, is experiencing a robust performance in the short-term rental market, making it an attractive destination for both investors and travelers. The area boasts an average occupancy rate of 46%, indicating a strong demand for vacation rentals. The average daily rate for these rentals stands at $176, with monthly revenues averaging $10,690. This positive trend is further bolstered by the convenient location of Shalimar, which offers easy access to popular attractions such as the Kennedy Space Center, Disney World, and Universal Studios, making it an ideal choice for those seeking a relaxing yet accessible getaway. With a high percentage of listings featuring essential amenities like internet, air conditioning, and parking, Shalimar continues to be a lucrative and appealing option for short-term rental investors and vacationers alike.
Short-Term Rental Regulations in Shalimar, Florida for 2024
Statewide Regulations
Licensing and Registration
- Short-term rental properties, especially those listed on platforms like Airbnb, must obtain a state business license through the Department of Business and Professional Regulation (DBPR).
- Local governments can require registration and charge a "reasonable" registration fee, with fines up to $500 for violations.
Taxation Requirements
- Collect state sales tax (6% of rent charged).
- Collect local option tourist taxes (1-5% depending on the county).
- Collect discretionary sales surtax in some counties (0.5-1%).
Occupancy Limits
- Maximum overnight occupancy is 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.
Responsible Party Requirement
- A responsible party capable of responding to complaints or emergencies related to a vacation rental must be available by telephone 24 hours a day and seven days a week, though they don’t need to respond until 9 a.m. the following morning.
Inspection and Compliance
- Local governments can require inspections and designate a 24/7 responsible party.
- Registrations can be suspended for violations of an ordinance that does not apply solely to vacation rentals. Suspension periods vary based on the number of violations within a specified time frame.
Local Regulations
Compliance with Local Ordinances
- Shalimar, being part of Okaloosa County, must comply with county-specific regulations. This includes adhering to the Okaloosa County Tourist Development Tax and any protective covenants or zoning regulations specific to the area.
Enforcement
- Okaloosa County has been proactive in enforcing short-term rental regulations, including investigating and enforcing code violations through the Environmental Enforcement Division.
Additional Requirements
Human Trafficking Notification
- Employees hired to maintain the STR property or greet guests must be trained appropriately on human trafficking prevention.
Balcony Inspection
- If the STR is in a building three or more stories high or has balconies at least 17 feet from ground level, a balcony inspection certification is required.
Prohibitions and Restrictions
Prohibition on Complete Bans
- Local governments in Florida cannot prohibit short-term rentals entirely but can regulate them through registration, licensing, and setting restrictions.
Local Specifics
- While specific regulations for Shalimar may not be detailed, it is essential to consult with local officials and review Okaloosa County's ordinances to ensure full compliance.
High-Revenue Neighborhoods for Airbnb in Shalimar, Florida
Why These Neighborhoods Are Appealing
In Shalimar, Florida, several neighborhoods stand out for their potential to generate significant Airbnb revenue, largely due to their desirable locations, amenities, and attractions.
1. Waterfront Areas Near Fort Walton Beach
- These neighborhoods are highly sought after for their breathtaking waterfront views, proximity to the marina, and easy access to swimming pools and private balconies.
- Guests are drawn to the opportunity for boating, jet ski rentals, and other water activities, as well as the convenience of being close to restaurants and entertainment.
2. Areas Close to Eglin AFB and VPS Airport
- Neighborhoods near Eglin Air Force Base and the Destin-Fort Walton Beach Airport (VPS) are popular due to their convenience for military personnel and travelers.
- These areas offer quick access to beaches like Okaloosa Island and Destin, making them ideal for both short-term and extended stays.
3. Scenic Neighborhoods
- These neighborhoods are known for their picturesque landscapes and serene environments, which appeal to guests looking for a relaxing getaway.
- The scenic views and tranquil atmosphere make these areas perfect for those seeking a laid-back Florida lifestyle.
4. Areas with Easy Access to Local Attractions
- Neighborhoods that offer easy access to local attractions such as state parks, nature trails, and wildlife viewing areas are highly appealing.
- Events like the Emerald Coast Boat Week and other community festivals add to the charm, making these neighborhoods attractive for both leisure and family-friendly activities.
Key Amenities and Features
- Waterfront Properties: Breathtaking views, private docks, and access to water sports.
- Proximity to Beaches: Quick access to white sand beaches and emerald coast attractions.
- Modern Comforts: High-speed Wi-Fi, air conditioning, and fully equipped kitchens.
- Outdoor Spaces: Balconies, patios, and outdoor furniture for relaxation.
- Local Events and Attractions: Nearby festivals, state parks, and military bases.
These neighborhoods in Shalimar, Florida, offer a combination of natural beauty, convenience, and modern amenities that make them highly appealing to Airbnb guests and lucrative for property investors.
Tips for Furnishing and Designing an Inviting Airbnb in Shalimar, Florida
Understanding Local Preferences
- Waterfront and Coastal Themes: Incorporate furniture and decor that reflect Shalimar's coastal lifestyle, including beach-themed layouts, nautical decor, and tropical accents.
Essential Furniture and Amenities
- Comfortable Bedding: Use high-quality, comfortable beds with storage options like beds with drawers. Opt for memory foam mattresses for durability and ease of maintenance.
- Fully Equipped Kitchen: Include essential kitchen appliances such as a refrigerator, cooktop, oven, microwave, coffee maker, and toaster. Add thoughtful touches like cooking utensils, pots, pans, and silverware.
- Living Room Comfort: Choose a sturdy, easy-to-clean sofa or sofa bed to accommodate more guests. Add a coffee table, end tables, and an entertainment center with a smart TV.
Design and Decor
- Modern and Coastal Styles: Blend modern decor with coastal influences, using light colors, natural materials, and rustic or tropical elements to create a welcoming atmosphere.
- Local Art and Themes: Incorporate local art and themes to give your property a unique touch that resonates with guests.
Outdoor and Additional Amenities
- Outdoor Spaces: Invest in high-quality outdoor furniture for balconies and patios to enhance relaxation areas. Consider amenities like kayaks, paddleboards, and private docks for water adventures.
- High-Speed WiFi and Air Conditioning: Ensure modern comforts like high-speed WiFi and air conditioning are available to cater to both leisure seekers and remote workers.
Storage and Organization
- Smart Storage Solutions: Use beds with drawers, wall hooks, pegboards in the kitchen, and stackable containers to provide ample storage for guests' belongings.
Bathroom Essentials
- Basic Amenities: Provide basic bathroom amenities like shampoo, conditioner, soap, and high-quality towels. Include a hairdryer, basic toiletries, and a first-aid kit for added convenience.
Accessibility and Practicality
- Accessibility Features: Consider making your Airbnb accessible to guests with disabilities by including ramps, wide doorways, and grab bars in bathrooms.
- Practical Choices: Opt for durable, easy-to-clean furniture and decor. Choose sofas with washable covers and chairs made from sturdy yet lightweight materials.
Neighborhood Considerations
- Waterfront and Beach Proximity: Invest in properties located in waterfront areas or close to beaches, as these are highly sought after by guests in Shalimar.
Discovering Shalimar, Florida: Local Attractions and Insider Tips
Local Attractions
Outdoor Activities
- Beaches and Seaside: Enjoy the beautiful beaches and seaside areas, perfect for a family-friendly outing.
- Shalimar Pointe Golf Club: Play a round of golf at this scenic golf club in Lake Lorraine.
Historical and Cultural Sites
- Shalimar Library: Visit the Shalimar Library, established in 1996, which also serves as a memorial for Augustus "Gus" Tart, a founder of the Fort Walton Beach community.
Nearby Attractions
- Destin Dash Scavenger Hunt: Participate in an exciting scavenger hunt in nearby Destin.
- Buccaneer Pirate Cruise: Take a pirate-themed cruise in Destin for a fun and adventurous experience.
- Hydrojet Dolphin Cruise: Go on a dolphin-watching cruise in Destin to see these marine mammals up close.
Insider Tips
Local History
- Shalimar Club: Learn about the historical Shalimar Club, which was a significant social and entertainment venue in the 1940s and 1950s.
Shopping and Dining
- Eglin Parkway: Explore the main commercial artery of Shalimar, featuring office parks, restaurants, convenience stores, and a furniture store.
Hidden Gems
- Shalimar United Methodist Church Family Life Center: Visit the site of the former Florida Drive-In Theatre, now occupied by the church and a furniture store.
Additional Tips for Guests
- Local Events: Check for local events such as singles mixers or other community activities that might be happening during your stay.
- Military Heritage: Understand the town's connection to military contractors and historical CIA operations, adding a unique layer to your visit.
By sharing these attractions and tips, you can enhance your guests' experience and help them make the most of their visit to Shalimar, Florida.
Practical Tips to Run a Successful Short-Term Rental Business in Shalimar, Florida
To ensure the success and smooth operation of a short-term rental business in Shalimar, Florida, several practical tips can be implemented. First, it is crucial to adhere to local noise regulations by informing guests about quiet hours through clear communication in the listing and a digital or physical house manual. This manual should also include essential instructions, Wi-Fi passwords, and other pertinent information to enhance the guest experience.
A simplified check-in process can significantly improve guest satisfaction. Utilizing smart locks eliminates the need for physical key exchanges, allowing guests to check in seamlessly. Additionally, providing detailed parking instructions accompanied by photos can help guests navigate the property easily, reducing potential confusion and stress.
By focusing on these details, you can create a welcoming and well-organized environment that meets the high expectations of guests in Shalimar, a town known for its tranquil and accessible vacation experience. This attention to detail not only enhances guest reviews but also fosters a positive relationship with neighbors, which is vital in a residential area.
Here is a brief list of house cleaning providers in Shalimar, Florida:
House Cleaning Services in Shalimar, FL
1. Homeaglow
- Offers professional, affordable, and background-checked house cleaners.
- Services start at $19 for a 3-hour clean.
2. Casalimpia Cleaning Service
- Provides residential cleaning, office cleaning, and maid services in Shalimar and surrounding areas.
3. Cleanspirit, LLC
- Specializes in thorough cleaning services, including between-tenant cleanings for rental properties.
- Known for courteous and professional service.
4. Various Providers Listed on Angie's List
- A list of top-rated house cleaners in Shalimar, FL, with real reviews and ratings.
5. Care.com House Cleaning Services
- Offers a list of affordable house cleaning options in Shalimar, FL, with rates starting at $17.00/hr.
Short-Term Rental Management Fees in Shalimar, Florida: A Comprehensive Guide
In Shalimar, Florida, managing short-term rentals involves a range of fees that can vary significantly based on the level of service provided. Typically, management fees for short-term rentals range from 10% to 30% of the rental revenue. 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 starting at around 15% to 20% of revenue.
Basic services, which may only include booking management and minimal support, can be less expensive but still fall within the 10% to 20% range. Additional fees may apply for services like cleaning, repairs, and property design, further impacting the overall cost. For instance, some management companies charge a consumables fee to cover items like linens, toiletries, and light bulbs.
Understanding these fee structures is crucial for property owners to maximize their rental income while ensuring their properties are well-maintained and compliant with local regulations.