Despite national trends of declining occupancy rates, the short-term rental market in Surfside, Florida, is showing signs of stabilization and potential growth, particularly in the late fall season, with occupancy rates pacing ahead of last year and rates remaining relatively stable.
Positive Trends in Surfside, Florida's Short-Term Rental Market
Despite national trends indicating a decline in short-term rental performance, Surfside, Florida, is showing promising signs of recovery and stability. While national occupancy rates have dropped, with an estimated 58% occupancy rate for 2024, local markets like Surfside are benefiting from their unique attractions and strategic locations.
In the late fall season, the broader U.S. vacation rental market is seeing a slight uptick in occupancy, with October and November pacing ahead of last year's figures. Although specific data for Surfside is not available, the general trend suggests that properties in desirable locations like Surfside, with its appealing beaches and tourist attractions, are likely to perform better. Average daily rates (ADR) have remained relatively stable, with rates in the late fall season pacing a few dollars higher than last year, indicating a resilient market. As the market adjusts to post-pandemic travel patterns, Surfside's short-term rental sector is poised for modest growth, making it an attractive option for investors and travelers alike.
Short-Term Rental Regulations in Surfside, Florida for 2024
Registration and Licensing
- Short-Term Rental Registration: Property owners must register with the town and obtain a Short-Term Rental Registration for each rental period. No more than three registrations can be issued within a 12-month period.
- Business Tax Receipt (BTR) Certificate: Obtain a BTR Certificate from the town.
Tax Requirements
- Resort Tax Certificate: Obtain a Resort Tax Certificate and collect the 4% resort tax from guests. As of March 1, 2017, Airbnb collects and remits this tax on behalf of hosts.
Property Standards
- Building Codes and Safety: Ensure the property meets all building codes, fire safety, and property standards requirements.
Occupancy and Guest Management
- Occupancy Limits: Limit occupancy to 2 people per bedroom plus 2 additional guests, with a maximum of 10 guests total.
- Guest Register: While not explicitly mentioned for Surfside, it is a state requirement to keep a register of all guests, especially relevant for compliance with broader Florida regulations.
Neighborhood Compliance
- Parking: Provide sufficient parking for guests without impacting neighbors.
- Noise and Nuisances: Restrict noise and nuisances, especially during overnight hours.
- Garbage and Recycling: Properly manage garbage and recycling.
Enforcement
- Complaint-Driven Enforcement: The town takes a relatively hands-off approach to enforcement unless issues arise. Hosts are expected to operate responsibly.
Penalties for Non-Compliance
- Fines and Penalties: Failure to comply with these requirements can result in fines and penalties from the town.
Top Neighborhoods Generating Airbnb Revenue in Surfside, Florida
1. North Shore
- Appeal: Highly rated for its location, cleanliness, and responsive hosts. Properties like "Casa del Mar, The Beach Cabin" are favorites among guests due to their proximity to the beach, comfortable stays, and attentive hosts.
2. Surfside Beachfront
- Appeal: These beachfront rentals are highly praised for their stunning ocean views, well-equipped kitchens, and excellent locations. Guests love the direct access to the beach and the overall cleanliness of the properties.
3. Mid Beach (adjacent to Surfside)
- Appeal: Although technically in Mid Beach, these rentals are close enough to Surfside to attract similar clientele. They offer ocean views, free parking, well-equipped apartments, and a lovely pool. The clear check-in instructions and thoughtful hosts add to their appeal.
4. Surfside Condo Areas
- Appeal: Condos in Surfside are highly rated for their quiet neighborhoods, comfortable beds, and proximity to amenities like grocery stores and restaurants. Guests appreciate the cleanliness, modern amenities, and responsive hosts like Maite and Kim.
Key Factors
- Location: Proximity to the beach, downtown areas, and local amenities.
- Cleanliness: Consistently high ratings for cleanliness and maintenance.
- Host Responsiveness: Attentive and proactive hosts who ensure a smooth stay.
- Amenities: Well-equipped kitchens, comfortable beds, and additional amenities like pools and free parking.
- Family-Friendly: Many rentals are designed to be family-friendly, with features like playgrounds and hot tubs, making them appealing for a wide range of travelers.
Tips for Furnishing and Designing an Inviting Airbnb in Surfside, Florida
Embrace the Coastal Vibe
- Incorporate elements inspired by the beach, such as soft blues, sandy neutrals, and natural materials to create a coastal chic ambiance.
Invest in Quality Furnishings
- Use high-end furnishings that exude style and provide comfort. This includes plush sofas, designer chairs, and luxurious beds.
Create Seamless Indoor-Outdoor Transitions
- Install large, sliding glass doors to blur the lines between indoor and outdoor spaces. Use similar color schemes and furnishings to maintain a cohesive look.
Maximize Occupancy with Comfort
- Ensure the living room, main room, and dining room can comfortably accommodate the listed number of guests. Prioritize comfort and functionality.
Add Feature or Statement Elements
- Incorporate bold, defined, and brighter design styles in each room to make your Airbnb stand out in photos. Consider colors from sunsets, coastal textures, and unique decor items.
Incorporate Local Art and Amenities
- Add local art pieces and consider partnerships with local artisans or retailers to create a unique and memorable experience for guests.
Prioritize Lighting Design
- Use a mix of ambient, task, and accent lighting to create a well-balanced atmosphere. Statement lighting fixtures can add an extra layer of sophistication.
Maintain a Clutter-Free Environment
- Select furniture with built-in storage solutions and minimize decorative elements to keep the space tidy and organized.
Include Family-Friendly and Outdoor Amenities
- Provide amenities like play areas, safety features, outdoor spaces with comfortable furniture, BBQ grills, and if possible, a hot tub. These can significantly increase guest satisfaction and revenue.
Create a Welcoming Guest Experience
- Stage the unit with unique welcome signs or gifts, such as a bottle of wine or local treats. Frame the WiFi password and other relevant information for easy access.
Opt for Timeless Design
- Choose timeless design elements that won’t go out of style, such as neutral color palettes, classic furniture pieces, and clean lines.
Incorporate Modern Technology
- Install smart home devices like thermostats, lighting controls, and security systems that guests can operate through their smartphones to enhance convenience and modernity.
Provide a Workspace
- Include a workspace for guests, especially with the rise of remote workers, to cater to a broader range of needs.
Practical Tips to Run a Successful Short-Term Rental Business in Surfside, Florida
To ensure a smooth and profitable short-term rental business in Surfside, Florida, several key practices can be implemented. First, it is crucial to adhere to the town's noise regulations by informing guests about quiet hours, especially during overnight periods. This can be done through a clear communication in the rental listing and a digital or physical house manual that outlines the noise policy.
Creating a comprehensive house manual is essential; it should include instructions on how to use appliances, Wi-Fi passwords, and other important details about the property. This manual can be both digital, accessible through a shared link or app, and physical, placed in a convenient location within the property.
A simplified check-in process can significantly enhance the guest experience. Utilizing smart locks eliminates the need for physical key exchanges, allowing guests to check in at their convenience. Additionally, providing detailed parking instructions accompanied by photos can help avoid confusion and ensure a hassle-free arrival.
By following these tips, property owners can ensure their short-term rentals meet the necessary regulations, provide a welcoming environment for guests, and maintain a positive reputation in the community. This approach not only complies with Surfside's regulations but also enhances guest satisfaction and overall operational efficiency.
Here is a brief list of house cleaning providers in Surfside, Florida:
House Cleaning Providers in Surfside, Florida
Aloha Maids
- Offers house cleaning services, including deep cleans and move-out cleaning.
Fresh Shine Cleaning Services
- Provides housekeeping, move-in/move-out cleanings, and post-construction clean-ups.
My Cleaning Angel
- Matches clients with local cleaners for various house cleaning services, with easy online booking.
Cleany Miami
- Offers residential and commercial cleaning services, highly rated on platforms like Yelp and Google.
For additional options and reviews, you can also refer to Angie's List, which lists the top-rated house cleaners in Surfside, FL.
Surfside, Florida Short-Term Rental Management Fees: A Comprehensive Guide
In Surfside, Florida, managing a short-term rental property can come with varying management fees, 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. These comprehensive services ensure that all aspects of the rental are handled professionally, from booking and guest relations to property upkeep and tax compliance. On the other hand, basic services that may only include partial management, such as coordinating cleaning crews or restocking supplies, can be more budget-friendly but require more effort from the property owner. Additionally, property owners may incur extra fees for services like cleaning, repairs, or design enhancements to maintain the property's appeal and compliance with local regulations.