Spring Hill, Florida, is a highly profitable and stable market for short-term rentals, boasting a 67% median occupancy rate, an average daily rate of $124, and an annual host revenue of $30,000, making it an attractive location for investors.
Thriving Short-Term Rental Market in Spring Hill, Florida
Spring Hill, Florida, is experiencing a robust and profitable short-term rental market. With a median occupancy rate of 67% between August 2023 and July 2024, the demand for short-term rentals in this area is exceptionally strong. The average daily rate for these rentals stands at $124, contributing to an annual revenue of approximately $30,000 per typical host.
Ranked fourth among the best places for short-term rentals in 2024, Spring Hill attracts nature lovers with its proximity to Weeki Wachee Springs State Park and Chassahowitzka Wildlife Management Area. The lenient short-term rental regulations in the area further enhance its appeal for investors, making it an ideal location for those looking to capitalize on the growing demand for vacation homes.
Short-Term Rental Regulations in Spring Hill, Florida for 2024
Registration and Licensing
- Registration with Hernando County: All short-term rentals must be registered with the Hernando County Planning Department before operating.
- Short-Term Vacation Rental Permit: Obtain a Short-Term Vacation Rental Permit from the Hernando County Planning Department. The permit requires detailed information about the property, including the address, owner contact information, and the number of bedrooms. Permits must be renewed annually.
Taxation
- Tourist Development Tax: Collect and remit a 5% Tourist Development Tax (also known as the "bed tax") to Hernando County monthly.
- State Sales Tax: Collect and remit the 6% State Sales Tax to the Florida Department of Revenue.
Zoning and Occupancy
- Zoning Compliance: Ensure the property complies with all applicable zoning regulations.
- Occupancy Limits: Adhere to occupancy limits based on the number of bedrooms, with a maximum of two guests per bedroom plus two additional guests.
Safety and Health Standards
- Building and Fire Safety Codes: Comply with all applicable building and fire safety codes.
Noise and Parking Regulations
- Quiet Hours: Enforce quiet hours from 10:00 PM to 7:00 AM to maintain neighborhood tranquility.
- On-Site Parking: Ensure all parking is accommodated on-site.
Local Contact Requirement
- Local Contact Person: Provide a local contact person, such as a property manager or co-host, who can respond to any issues within one hour.
Compliance and Enforcement
- Compliance with Regulations: Failure to comply with these regulations may result in fines, penalties, or the revocation of the Short-Term Rental Certificate.
- Required Documents: Submit required documents, including the Short-Term Vacation Rental Permit Application, proof of property ownership, and site and floor plans.
Top Neighborhoods for Airbnb Revenue in Spring Hill, Florida
1. Veterans Memorial Park
- Average Revenue: $56.1K per year
- Average Daily Rate: $240.2 per night
- Average Occupancy Rate: 64%
- Appeal: Located in the heart of Spring Hill, Veterans Memorial Park offers a unique blend of community spirit, recreational activities, and easy access to amenities like grocery stores, restaurants, and shopping centers. Its central location and proximity to major highways make it an ideal base for exploring the Tampa Bay area.
2. Berkeley Manor
- Average Revenue: $52.8K per year
- Average Daily Rate: $249.3 per night
- Average Occupancy Rate: 58%
- Appeal: This well-established residential community is known for its family-friendly atmosphere, convenient location, and strong sense of community. It is close to work-related travel destinations like Bayfront Health Spring Hill Hospital and offers a peaceful retreat with well-maintained homes and lush greenery.
3. Willow Sink
- Average Revenue: $43.7K per year
- Average Daily Rate: $203.1 per night
- Average Occupancy Rate: 59%
- Appeal: Built around a stunning natural sinkhole, Willow Sink offers a unique blend of natural beauty and outdoor recreation. The community provides easy access to amenities and is conveniently located near major highways, ensuring a comfortable and convenient stay for guests.
4. Bayport Park
- Average Revenue: Not specified, but considered a top investment area
- Appeal: Located along the Gulf of Mexico, Bayport Park is a prime spot for those seeking beach access and waterfront activities. Its scenic location and recreational opportunities make it a popular choice for guests looking to enjoy water and land adventures.
General Appeal of Spring Hill
- Lenient Regulations: Spring Hill has lenient short-term rental regulations, making it easier for hosts to operate Airbnb listings.
- Popular Attractions: Areas like Weeki Wachee Springs State Park, Hernando Beach, and Pine Island Beach Park attract a significant number of visitors.
- High Occupancy Rates: The overall average occupancy rate in Spring Hill is around 67%, indicating a strong demand for short-term rentals.
- Diverse Amenities: From beach access to family-friendly neighborhoods, Spring Hill offers a variety of amenities that cater to different types of guests, including families, business travelers, and those seeking natural beauty and outdoor activities.
Tips for Furnishing and Designing an Inviting Airbnb in Spring Hill, Florida
Color Palette and Furniture
- Use a neutral color palette for walls and large furniture pieces to create a relaxed and uncluttered environment.
- Select functional, durable, and aesthetically pleasing furnishings that fit the local style.
Functional Spaces
- Ensure each area of the property has a clear purpose, such as a well-defined reading nook, dining area, or relaxation spot.
Local Touches
- Incorporate elements that reflect the local culture or history, such as artwork, decorative items, or a guidebook with local recommendations.
Smart Technology and Amenities
- Add smart home features like keyless entry, smart thermostats, or streaming devices to enhance the guest experience.
- Provide essential items like toiletries, basic cooking ingredients, and a first aid kit.
Lighting and Ambiance
- Use lighting fixtures that create a warm and inviting atmosphere, avoiding office-like lighting.
- Consider adding scented candles and quality shampoo and soap to enhance the sensory experience.
Cleanliness and Comfort
- Use white linens or solid-colored linens that symbolize cleanliness and are easy to maintain.
- Ensure all safety features, such as smoke detectors and fire extinguishers, are in place and functioning.
Guest Entertainment and Comfort
- Leave some games, cards, and informative books to keep guests entertained, especially during bad weather.
- Provide comfortable seating and dining areas, and consider adding a TV and streaming apps.
Outdoor and Water Activities
- If applicable, highlight access to water activities like boating, fishing, or kayaking, and include outdoor amenities like a pool or patio area.
Storage and Clutter
- Keep the property clutter-free by storing personal items and cleaning equipment in designated areas, such as locked cabinets.
- Avoid leaving valuable or sentimental objects in the house to prevent loss or damage.
Compliance with Local Regulations
- Ensure your property complies with Hernando County's short-term rental regulations, including registration, permits, and tax requirements.
Discover Spring Hill, Florida: Local Attractions and Insider Tips
Local Attractions
- Weeki Wachee Springs State Park:
- Famous for its live mermaid shows and Florida's only spring-fed water park, Buccaneer Bay.
A must-visit for outdoor enthusiasts, with opportunities for kayaking, swimming, and wildlife spotting.
Nature Coast Botanical Gardens and Nursery:
- A beautiful green space featuring a variety of plant species and the Mother Earth sculpture.
Perfect for a peaceful stroll or nature photography.
Pine Island Beach Park:
- A family-friendly beach area ideal for relaxation and water activities.
Offers scenic views and a tranquil atmosphere.
Rotary Centennial Park:
- A community park with amenities such as walking trails, playgrounds, and picnic areas.
Great for families and those looking for a local park experience.
Weekiwachee Preserve:
- A nature preserve with hiking trails and opportunities to spot local wildlife.
Ideal for nature lovers and hikers.
Marker 48 Brewing and Tidal Brewing Co.:
- Local craft breweries offering a variety of beers and a welcoming atmosphere.
Perfect for beer enthusiasts looking to sample local flavors.
Bayport Park Boat Ramp:
- A convenient spot for boating and fishing.
- Provides access to the Weeki Wachee River and surrounding waterways.
Insider Tips
- Getting Around:
Spring Hill is easily accessible via the Suncoast Parkway (SR 589) and is close to Tampa, making it a great base for exploring the Tampa-St. Petersburg-Clearwater metro area.
Local Events:
Check the local event calendars for festivals and community events, which often take place at Rotary Centennial Park and other community venues.
Dining and Shopping:
- Explore the local dining scene, which includes a mix of casual eateries and specialty restaurants.
Visit Harold's Garage, a gas station shaped like a dinosaur, for a unique photo opportunity.
Libraries and Community Resources:
The Hernando County Library System operates several libraries in the area, including the Spring Hill Branch Library, which can be a great resource for guests looking for local information or a quiet space.
Healthcare:
TGH Spring Hill is the local hospital, providing medical services if needed.
Pet-Friendly Activities:
- Spring Hill has several dog-friendly spots, including parks and outdoor areas, making it a great destination for travelers with pets.
By providing these local attractions and insider tips, you can help your Airbnb guests make the most of their visit to Spring Hill, Florida.
Practical Tips to Run a Successful Short-Term Rental Business in Spring Hill, Florida
To ensure a smooth and profitable short-term rental business in Spring Hill, Florida, several practical tips can make a significant difference. Here are some key considerations:
Noise Regulations and Guest Communication
Inform your guests about the noise regulations and quiet hours to avoid any issues with neighbors. Include this information in both your digital and physical house manual to ensure clarity. Hernando County has specific noise regulations that must be adhered to, so it is crucial to communicate these rules clearly to your guests.
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, occupancy limits, and parking instructions.
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 use the smart locks and ensure they have all necessary access codes before their arrival.
Clear Parking Instructions
Include detailed parking instructions with photos in your house manual to help guests understand where and how to park. This can prevent confusion and potential parking violations, especially if there are specific parking restrictions in the area.
By implementing these strategies, you can enhance the guest experience, reduce potential issues, and maintain compliance with local regulations, ultimately contributing to the success of your short-term rental business in Spring Hill, Florida.
Here is a brief list of house cleaning providers in Spring Hill, Florida:
House Cleaning Services
eMaids of Spring Hill
- Provides residential and commercial cleaning services
- Services include house cleaning, office cleaning, and vacation rental cleaning
- Certified, insured, and bonded maids
- Serves Spring Hill, Weeki Wache North, Timber Pines, Brookridge, and other nearby areas.
Two Maids
- Offers home cleaning services with experienced, trained, and background-checked staff
- Fully bonded and insured
- Provides all necessary cleaning supplies and equipment
- Customizable services to meet specific needs.
Little Saints Cleaning Service LLC
- Provides professional house cleaning and office cleaning services
- Offers quality cleaning with professional staff at affordable rates
- Current specials include summer savings and military discounts
- Bonded and insured.
Additional Providers
Various Independent Cleaners and Services
- Listed on platforms like Care.com and HomeAdvisor, including individuals and companies such as Jonathon I., Howard N., Jessica E., and Frederick O. on Care.com, and services like Jennifer's House Cleaning and Corporate Cleaning Group on HomeAdvisor.
These providers offer a range of cleaning services tailored to different needs and preferences in the Spring Hill area.
Spring Hill, Florida: Understanding Short-Term Rental Management Fees
In Spring Hill, Florida, managing a short-term rental property can incur management fees that typically range 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 between 20% to 30% of the rental income.
Basic services, which may only include property listing and minimal oversight, can be less expensive. Additionally, property owners may incur extra fees for services like cleaning, repairs, and professional design and furnishing of the rental property. These fees can vary among different property management companies, with some charging flat fees and others incorporating additional costs into their overall management fees.