Airbnb & VRBO Performance in Tallahassee Florida.

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Tallahassee, Florida: Airbnb & VRBO Vacation Rental Market Overview

Tallahassee, Florida, is experiencing robust short-term rental performance, with an average daily rate of $212, a 42% occupancy rate, and a monthly revenue of $12,100, making it a favorable market for hosts and investors.

Market overview

Thriving Short-Term Rental Market in Tallahassee, Florida

Tallahassee, Florida, is experiencing a robust and vibrant short-term rental market, making it an attractive destination for both hosts and guests. According to recent data, short-term rentals in Tallahassee boast an impressive average occupancy rate of 42%, indicating a strong demand for these accommodations. The average daily rate for these rentals stands at $212, contributing to a substantial monthly revenue of $12,100. This performance is further enhanced by the city's relatively friendly regulations, which do not impose strict limits on the number of nights a property can be rented or the number of properties an individual can operate. This favorable environment has led to a significant presence of short-term rentals on platforms like Airbnb and VRBO, with over 2,194 active listings, making Tallahassee a lucrative market for short-term rental investors and operators.

Short Term Regulations

Short-Term Rental Regulations in Tallahassee, Florida for 2024

Licensing and Registration

  • Hosts must obtain a Vacation Rental Dwelling License through the relevant authorities, such as the Florida Department of Business and Professional Regulation.
  • Registration is mandatory, and hosts must comply with both state and local regulations.

Business Licensing

  • Hosts need to apply for a business license to operate short-term rentals.

Safety and Health Standards

  • Properties must meet the City's building and housing standards, including minimum construction, design, and maintenance requirements for health and safety.
  • Fire safety inspections are required, ensuring the presence and functionality of smoke detectors, carbon monoxide detectors, and fire extinguishers.
  • Health inspections are necessary to ensure the rental meets health codes related to cleanliness and sanitation.

Tax Requirements

  • Hosts must collect and remit the Tourist Development Tax, which is 5% of the listing price for stays up to 182 nights.
  • State sales and local tourist taxes, usually ranging between 7.5% and 12% of revenue, must also be collected and remitted.

Zoning and Land Use

  • Tallahassee's zoning code does not specifically restrict short-term rentals, allowing them in most residential areas, unlike some other Florida cities.
  • However, single-family zoning areas may have specific restrictions to maintain community continuity.

Operational Guidelines

  • There are no limits on the number of nights a property can be rented short-term or the number of properties an individual can operate.
  • No minimum stay length is required for short-term rentals.
  • Hosts must adhere to safety guidelines and provide guest information (names, contact details, home address, check-in/check-out dates) to authorities upon request.

Homeowners Associations (HOAs) and Condominium Rules

  • Individual HOAs or condominium associations may have their own rules restricting short-term rentals, which hosts must comply with to avoid fines or legal action.

Enforcement and Penalties

  • Local governments can suspend vacation rental registrations for up to 30 days following three or more violations of local ordinances within a 90-day period.
  • Fines for non-compliance can be significant, and repeated violations can lead to longer suspension periods.

State Regulations

  • The new state law allows local governments to charge a reasonable fee for registration and fine owners up to $500 for registration issues. Registrations can be suspended for repeated violations.
Neighborhood Performance

Top Neighborhoods Generating Airbnb Revenue in Tallahassee, Florida

1. Downtown Tallahassee and the Art District

  • Appeal: This area is highly appealing due to its proximity to key attractions such as the Capitol, Civic Center, FSU Law School, and numerous dining and nightlife options. Guests can walk or take a short drive to many of Tallahassee's central amenities.
  • Revenue: Properties like the "Luxury King Downtown Tallahassee Condo" and "Cozy Downtown Condo" are highly rated and in high demand, contributing significantly to Airbnb revenue in the area.

2. FSU and College Town Area

  • Appeal: This neighborhood is a hotspot for guests due to its close proximity to Florida State University, Doak Campbell Stadium, and the vibrant College Town area filled with bars, restaurants, and entertainment. Properties like the "Renovated Doak Campbell Stadium Condo" and "FSU Stadiums/campus tour/CollegeTown 2 blocks away" condo are highly sought after.
  • Revenue: The high demand from students, parents, and fans visiting FSU drives significant revenue for Airbnb listings in this area.

3. Midtown and Old Town Neighborhoods

  • Appeal: These neighborhoods offer a mix of historical charm and modern amenities. Guests appreciate the quiet, mature residential areas with easy access to downtown, FSU, FAMU, and various restaurants and parks. Properties such as "The Loft at Magnolia Hill" and "1940’s Midtown Beard St. Charmer" are favorites among guests.
  • Revenue: The unique blend of old and new, along with the central location, makes these neighborhoods attractive, generating substantial Airbnb revenue.

4. Killearn and Surrounding Suburban Areas

  • Appeal: Neighborhoods like Killearn offer a peaceful and family-friendly environment with easy access to shopping, dining, and outdoor attractions. Homes such as the "Wow Clean, Comfort, Peaceful, Value Killearn" are popular for their comfort and value.
  • Revenue: These suburban areas attract families and groups looking for a more relaxed atmosphere, contributing to a steady stream of Airbnb revenue.

5. Areas Near Tom Brown Park and Local Amenities

  • Appeal: Properties located near Tom Brown Park and other local amenities, such as the "Groups-Hot Tub -Pool- Private-4 Baths" ranch home, offer a combination of privacy, recreational activities, and convenience. These homes are ideal for larger groups and families.
  • Revenue: The appeal of these properties to larger groups and families ensures a high occupancy rate and significant revenue for Airbnb hosts in the area.

These neighborhoods are particularly appealing due to their unique blend of convenience, amenities, and the overall Tallahassee experience, making them top generators of Airbnb revenue in the city.

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Design Tips

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

Understanding Local Aesthetics

  • Incorporate elements that reflect Tallahassee's Southern charm and natural beauty, such as using earthy tones, natural materials, and botanical accents.

Budgeting and Prioritization

  • Set a budget and prioritize spending on statement pieces like couches, coffee tables, and dining room tables, as these define the space.
  • Allocate funds wisely, considering that higher-end pieces may be more cost-effective in the long run.

Furniture Selection

  • Avoid overly generic furniture that can be found in many other rentals; instead, opt for unique pieces that add character to the space.
  • Choose furniture that is both stylish and functional, ensuring it meets the needs of various types of guests.

Adding Local Touches

  • Incorporate local artwork, decor, and accessories that highlight Tallahassee's culture and history.
  • Use local materials and craftsmanship to add authenticity to the space.

Safety and Compliance

  • Ensure all furniture and decor comply with local safety regulations, including proper installation of smoke detectors, carbon monoxide detectors, and fire extinguishers.

Attention to Detail

  • Pay attention to small details such as providing quality linens, clean towels, and fully stocked kitchens to enhance guest comfort.
  • Add plants and other greenery to liven up the space and create a welcoming atmosphere.

Functional Design

  • Design the space with functionality in mind, ensuring there are ample workspaces, storage, and amenities like high-speed Wi-Fi and smart TVs.
  • Consider the flow of the space and arrange furniture to create open, inviting areas.

Personalization

  • Personalize the space by adding unique decor items and thoughtful touches that reflect the host's personality and the local environment.
  • Provide clear house rules and local information to help guests feel at home and respect the community.

Maintenance and Upkeep

  • Regularly update and maintain the property to ensure it remains clean, modern, and comfortable for guests.
  • Address any guest complaints promptly to maintain a positive reputation and comply with local regulations.
Insider Tips

Discovering Tallahassee: Local Attractions and Insider Tips for Your Guests

Outdoor Adventures

  • FSU Lakefront Park: Offers swimming, canoeing, sailing, kayaking, instructional clinics, picnicking, beach volleyball, and a recreation hall. Free for FSU students and a small fee for non-students.
  • Wakulla Springs State Park: Just 16 miles from Tallahassee, featuring invigorating 70-degree waters, a historic lodge, and opportunities for swimming, kayaking, and wildlife viewing.
  • Gil Waters Preserve at Lake Munson: Includes trails, restrooms, picnic areas, and a boat ramp. Open from sunrise to sunset.
  • Tom Brown Park: Home to a 24-hole disc golf course surrounded by beautiful terrain and open fields.

Cultural and Historical Sites

  • Foster-Tanner Fine Arts Gallery - Florida A&M University: A distinguished gallery with a rich history in visual arts.
  • Union Bank Museum: Free admission, open Thursday through Saturday. Features historical exhibits and group tours.
  • Historically Florida: Florida History Shop (Museum of Florida History): Offers a variety of Capitol- and Florida-related items, including books, postcards, and apparel.
  • Old Lincoln High School: A historic site that was first organized during Reconstruction in 1869.

Family-Friendly Attractions

  • Cascades Park: Features the Imagination Fountain splash pad, perfect for cooling off on hot days. Also includes picnic areas and the Power Plant Cafe for outdoor dining.
  • Tallahassee Museum: Offers ziplining and other outdoor activities in a scenic setting.
  • North Florida Fair: Annual fair with thrilling rides, live entertainment, delicious fair food, and nightly shows. Open from November 7 - 17.

Community Events and Festivals

  • Countdown at Cascades: A free, family-friendly New Year's Eve celebration at the Adderley Amphitheater with live music, local eats, and fireworks displays.
  • Springtime Tallahassee Parade and Festival: Includes a grand parade, music festival, and local artist fair. A great way to experience Tallahassee’s history and community spirit.
  • Pops in the Park: A springtime tradition by the Tallahassee Symphony Orchestra, held at SouthWood’s Central Park Lake.

Insider Tips

  • Local Eats and Drinks: Enjoy special drinks inspired by T-Pain’s cocktail book at local businesses like Proof Brewing Co., Charlie Park Rooftop, Hayward House TLH, and Amicus Brewing Ventures.
  • Fall Foliage: Capture the best fall colors at top spots around Tallahassee, perfect for photography and outdoor exploration.
  • Day Trips: Explore nearby attractions like Historic Quincy, Torreya State Park, and the Apalachicola National Forest for a mix of history, art, and outdoor adventures.

Additional Recommendations

  • Guided Tours: Take a guided tour through historic sites and local shops to get a deeper understanding of Tallahassee’s rich heritage.
  • Street Art Murals: Snap photos of the vibrant street art murals scattered around the city.
  • FSU Flying High Circus: Attend a unique circus performance that has been a Tallahassee tradition for over 75 years.

By sharing these attractions and tips, you can help your guests have an unforgettable experience in Tallahassee.

Practical Tips

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

To ensure the success and smooth operation of a short-term rental business in Tallahassee, Florida, several key practices should be implemented.

Noise Regulations and Guest Communication

Inform your guests about quiet hours and noise regulations to maintain a harmonious environment and comply with local laws. Include this information in your digital and physical house manual to set clear expectations from the outset.

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 helps guests navigate the property easily and reduces the likelihood of misunderstandings or issues.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide clear instructions on how to use the smart locks, along with parking instructions accompanied by photos to ensure guests can find and access the property without hassle.

Additional Tips

  • Ensure your property meets all safety and sanitation requirements as outlined in Tallahassee's short-term rental regulations, including fire safety inspections and health code compliance.
  • Familiarize yourself with local zoning laws and any specific restrictions that may apply to your property, even though Tallahassee's zoning code does not have specific rules targeting short-term rentals.
  • Consider partnering with a professional management service to handle day-to-day operations, such as guest communication, property maintenance, and pricing optimization to maximize your revenue.
Local Vendors

Here is a brief list of house cleaning services in Tallahassee, Florida:

House Cleaning Services in Tallahassee, FL

The Maids

  • Offers healthy cleaning services, including deep cleaning, window washing, and move-out cleaning.
  • Uses a 22-Step Cleaning Process and partners with Mr. Clean®.
  • Provides recurring cleaning services and specializes in cleaning for health.

Two Maids

  • Provides professional house cleaning services, including one-time deep cleans and recurring cleanings.
  • Supplies all necessary cleaning products and equipment.
  • Their team is fully trained, background-checked, bonded, and insured.

Merry Maids

  • Offers expert cleaning services with 40 years of experience.
  • Provides seamless cleaning solutions to maintain a happy and healthy home.
  • Offers free estimates for their services.

Apple Pie Maids

  • A reliable house cleaning service serving the greater Tallahassee area since 2011.
  • Offers residential cleaning, including weekly, bi-weekly, and initial cleanings.
  • Provides environmentally friendly cleaning and is available for evenings and weekends.

These services cater to various cleaning needs, ensuring a clean and healthy home environment in Tallahassee.

Management fees

Tallahassee, Florida: Understanding Short-Term Rental Management Fees

In Tallahassee, Florida, the fees for managing short-term rental properties, such as those listed on Airbnb, can vary significantly depending on the level of service provided. Full-service management companies, like MasterHost and Summer, typically charge between 20% to 30% of the rental revenue. These comprehensive services include guest communication, marketing, SEO-optimized listings, price optimization, and regular property maintenance to ensure high occupancy rates and maximum revenue.

On the other hand, basic services might start at a lower rate, around 10%, and may not include all the bells and whistles of full-service management. Additional fees can also apply for specific services such as cleaning, repairs, or interior design. For instance, some companies may charge a consumables fee to cover items like linens, toiletries, and light bulbs.

Understanding these fee structures is crucial for hosts to manage their expenses effectively and maintain profitability, especially given the city's dynamic market influenced by events like Florida State University's academic calendar and local regulations.

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Why choose RedAwning

RedAwning is a tech leader in full-service short-term rental management, powered by our exclusive, unmatched tools.
Other property managers
Cost
Starting at 10%
25-40%
Guest communications
5-15 mins / 24 hours a day
1 hour+
Host communications
Dedicated phone and text line with no time on hold
Chat bots, hold lines and email threads
Insurance
Robust liability and dwelling coverage for every reservation
Spotty coverage with low claim approval rates
Contract
No cancellation fees
No contract lock-in
Just 90 days notice to cancel
Cancellation penalties
Number of Channels Your Listing is On
50+
2-4

Experience in numbers

Rest well knowing your property is managed by an experienced team powered by world-class technology.
+10-30%
in gross revenue
4.8 stars
guest rating
14+ years
managing STRs

Short Term Rental Calculator

Find out how much your property in Tallahassee should generate as a short term rental and look at the performance of properties around yours.

35,000+ Properties
Hosts stay with RedAwning
1,000,000,00 Nights Booked
RedAwing knows how to get bookings
50+ Top Booking Channels
More than any other platform available

Furnishing checklist

This comprehensive checklist ensures that your rental is guest-ready with all the essentials to create a comfortable and memorable experience in Tallahassee.

Living Room
Seating: Sofa, armchairs, and ottomans
Coffee Table
Entertainment: Smart TV (with streaming apps) and remote control
Decor: Area rug, wall art, plants, and throw pillows
Lighting: Floor lamp or table lamps
Charging Stations: Power strips or outlets with USB ports
Bedrooms
Beds: High-quality mattress with mattress protector
Linens: At least two sets of sheets per bed
Pillows: Hypoallergenic pillows (2-4 per bed)
Blankets: Extra throw blankets or quilts
Nightstands: With lamps or charging docks
Closet or Storage: Hangers, dresser, or luggage rack
Blackout Curtains or Shades
Bathrooms
Towels: Bath towels, hand towels, washcloths (2 sets per guest)
Shower Curtain & Liner
Toiletries: Shampoo, conditioner, body wash, hand soap
Bathroom Essentials: Toilet paper, tissues, trash bin
Hairdryer
Mirror: Full-length or wall mirror
Dining Area
Dining Table: Seating for the maximum number of guests
Place Settings: Placemats or tablecloths
Centerpiece: Vase with flowers or decorative piece
Kitchen
Appliances: Refrigerator, microwave, toaster, coffee maker, kettle
Cookware: Pots, pans, baking trays
Utensils: Forks, knives, spoons, spatulas, tongs
Dinnerware: Plates, bowls, glasses, mugs (2 sets per guest)
Cutting Board & Knives
Basic Spices & Condiments: Salt, pepper, oil
Cleaning Supplies: Sponge, dish soap, paper towels, trash bags
Outdoor Space (if applicable)
Seating: Outdoor chairs, benches, or lounges
Table: For outdoor dining or drinks
Lighting: String lights or outdoor lanterns
Grill: With necessary utensils and instructions
Outdoor Trash Bin
Extras to Elevate Guest Experience
Welcome Basket: Snacks, water bottles, or wine
Guidebook: Local recommendations and house rules
Board Games or Books: Entertainment for guests
Umbrella & Flashlight
Iron & Ironing Board
Laundry: Washer, dryer, and detergent (if available)
Unlock your home’s potential
Schedule a call to learn more about Awning’s Short Term Rental Property Management Service.
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⇤ Airbnb Statistics for Florida