Airbnb & VRBO Performance in Temple Terr Florida.

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Temple Terr, Florida: Airbnb & VRBO Vacation Rental Market Overview

In Temple Terrace, Florida, short-term rentals are performing strongly, with a median occupancy rate of 61%, an average daily rate of $110, and an average annual host income of $26,000, making it a lucrative and stable investment opportunity.

Market overview

Thriving Short-Term Rental Market in Temple Terrace, Florida

Temple Terrace, Florida, is experiencing a robust and profitable short-term rental market. With a median occupancy rate of 61%, indicating that a typical short-term rental listing is booked for 223 nights a year, the demand for Airbnb properties in the area is strong. The average daily rate stands at $110, contributing to an annual host income of approximately $26,000. This stable and lucrative market is further bolstered by lenient short-term rental regulations, allowing hosts to operate with relative ease while generating significant revenue. The peak month for bookings is March, highlighting the area's attractiveness to tourists and travelers throughout the year.

Short Term Regulations

Short-Term Rental Regulations in Temple Terrace, Florida for 2024

General Requirements

  • Rental Permit: A rental property must have an annual city rental permit, which costs $200 per unit.

Occupancy Limits

  • Maximum Occupants: No more than three unrelated persons may live in any one rental unit.

Compliance and Inspections

  • Annual Site Inspections: Rental properties are subject to an annual site inspection to ensure compliance with City Code Chapter 8.
  • Minimum Housing Standards: Properties must meet the City’s Minimum Housing Code standards to ensure safe, clean, and stable neighborhoods.

Licensing and Permits

  • Business Taxes: While the specific regulations for short-term rentals are not detailed, general rental properties must comply with local business tax requirements. For short-term rentals, a flat fee per address may apply, though this is not explicitly stated for short-term rentals in the provided sources.

Enforcement

  • Code Enforcement: Failure to obtain or renew a permit or to maintain the property may result in referral to the Municipal Code Enforcement Board.

Additional Considerations

  • Fair Housing Act: The City adheres to the Fair Housing Act, making it illegal to discriminate or deny housing based on race, national origin, disability, and other factors.

Note on Short-Term Rentals

  • As of the provided sources, Temple Terrace does not have specific regulations detailed for short-term rentals (less than 31 days or a calendar month) similar to those in other areas. The regulations mentioned are generally for rental housing and may not fully apply to short-term vacation rentals. For precise short-term rental regulations, further clarification from the City of Temple Terrace may be necessary.
Neighborhood Performance

Neighborhoods Generating the Most Airbnb Revenue in Temple Terrace, Florida

Top Neighborhoods and Their Appeal

1. Areas Near Busch Gardens Tampa Bay and Adventure Island

  • These areas are highly appealing due to their proximity to major attractions like Busch Gardens and Adventure Island, making them ideal for families and thrill-seekers.
  • The short distance (approximately 2 miles) to these theme parks enhances the convenience and attractiveness of the rentals.

2. Temple Terrace Golf & Country Club Neighborhood

  • This neighborhood is popular for its serene and peaceful environment, with properties often located just steps away from the golf course.
  • The tranquility and amenities such as golfing make it an attractive option for those seeking relaxation and recreational activities.

3. Areas Close to the Tampa Riverwalk and Ybor City

  • These neighborhoods offer easy access to the Tampa Riverwalk, a scenic pedestrian path along the Hillsborough River, and Ybor City, known for its vibrant nightlife, restaurants, and cultural events.
  • Guests are drawn to the mix of urban amenities and the historic charm of Ybor City, making these areas highly desirable.

4. Neighborhoods Near the Museum of Science & Industry and Lowry Park Zoo

  • These areas are appealing to families and educational travelers due to their proximity to educational and family-friendly attractions.
  • The variety of activities available, from science exhibits to zoo visits, makes these neighborhoods attractive for a broad range of guests.

Key Factors

  • Proximity to Attractions: Many of these neighborhoods are close to popular attractions, making them convenient for guests.
  • Amenities and Activities: Access to golf courses, theme parks, museums, and zoos provides a range of activities that cater to different interests.
  • Regulatory Environment: The lenient short-term rental regulations in Temple Terrace also make it easier for hosts to operate and for guests to find a wide range of options.
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Design Tips

Furnishing and Design Tips for an Inviting Airbnb in Temple Terrace, Florida

Understanding the Local Style

  • Temple Terrace, with its mix of suburban charm and proximity to Tampa, benefits from a design that blends modern comfort with a touch of local flair. Consider incorporating elements that reflect the city's natural beauty and community vibe.

Measuring and Layout

  • Measure your rooms to determine the best layout, ensuring ample space to move around and unobstructed natural light sources.

Furniture Selection

  • Beds and Mattresses: Opt for solid, easy-to-clean beds with storage options like beds with drawers. Choose memory foam mattresses for durability and ease of replacement.
  • Sofas: Select sofas that are durable, easy to clean, and preferably with washable covers. Consider a sofa bed to increase guest capacity.
  • Dining Area: Use a sturdy dining table that can withstand wear and tear. Comfy, lightweight chairs are essential, and darker colors can hide stains better.

Storage and Organization

  • Incorporate smart storage solutions such as beds with drawers, wall hooks, pegboards in the kitchen, and stackable containers to keep the space tidy.
  • Provide designated spots for guests' personal items, like luggage racks, to maintain organization.

Amenities and Essentials

  • Kitchen: Equip the kitchen with essentials like a coffee maker, microwave, toaster, kettle, and basic cookware. High-speed internet is crucial for business travelers and digital nomads.
  • Bathrooms: Ensure high-quality, durable towels in neutral colors. Provide storage for toiletries and personal items, and include a hairdryer and basic toiletries.
  • Work Space: Offer a sturdy desk and comfy chair for guests who need to work, along with good lighting and easy access to power outlets.

Decor and Aesthetics

  • Local Vibe: Reflect the local style by incorporating modern aesthetics with touches of Southern charm or coastal influences, given Temple Terrace's proximity to waterways and natural areas.
  • Mirrors and Lighting: Use mirrors to make the space feel bigger and brighter. Ensure good lighting throughout the property, including desk lamps and outdoor lighting if applicable.

Outdoor Spaces

  • If your property has an outdoor area, invest in stylish outdoor furniture that complements the local lifestyle. Patios, gardens, or waterfront views can be major selling points.

Accessibility and Safety

  • Consider making your Airbnb accessible to guests with disabilities by adding features like ramps, wide doorways, and grab bars in bathrooms.
  • Install smoke detectors, carbon monoxide detectors, and a first aid kit to ensure guest safety.

Additional Touches

  • Provide a full-length mirror and a power socket nearby for hair dryers and straighteners.
  • Include a first-aid kit and basic toiletries to enhance the guest experience.
  • Add unique decor pieces that reflect local culture to give your Airbnb character.
Insider Tips

Discover Temple Terrace, Florida: Local Attractions and Insider Tips

Local Attractions

Nature and Parks

  • Lettuce Lake Park: Explore the natural beauty of the Hillsborough River floodplain on a 3,500-foot boardwalk and a 40-foot observation tower. Spot wildlife such as alligators, turtles, and various bird species.
  • Riverhills Park: Enjoy a passive park experience with a newly renovated boardwalk along the riverbank, perfect for spotting ibises and alligators. Canoe trips are available along the Hillsborough River State Canoe Trail.

Theme Parks and Water Parks

  • Busch Gardens Tampa Bay: A premier theme park just minutes away, offering thrilling rides and animal exhibits.
  • Adventure Island: A 30-acre water park with adrenaline-pumping slides like Vanish Point, family-friendly attractions, and a lazy river.

Educational and Cultural

  • University of South Florida: Located adjacent to Temple Terrace, offering access to cultural events, sports, and educational facilities.
  • Museum of Science and Industry (MOSI): A nearby museum with interactive exhibits and educational programs.

Wildlife and Zoos

  • ZooTampa at Lowry Park: A celebrated nonprofit zoo with over 1,300 animals, a manatee hospital, and unique attractions like the Safari Africa exhibit.

Entertainment and Sports

  • Seminole Hard Rock Hotel and Casino: Florida’s largest casino, offering gaming, dining, and entertainment options.
  • Amalie Arena: Home to the Tampa Bay Lightning hockey team and various concerts and events.
  • Raymond James Stadium: Hosts the Tampa Bay Buccaneers and USF Bulls football games.

Insider Tips

Getting Around

  • Temple Terrace is strategically located between three major interstates (I-4, I-75, and I-275), making it convenient to explore the Tampa Bay area and beyond.

Local Amenities

  • Public Library and Recreation Center: Access to community resources, recreational activities, and a public library.
  • Historic Golf and Country Club: The Temple Terrace Golf and Country Club, one of the first planned golf-course communities in the U.S., offers a historic and scenic golfing experience.

Dining and Shopping

  • Channelside Bay Plaza: A nearby shopping, entertainment, and dining destination.
  • Local Markets and Restaurants: Explore the local cuisine and markets, including vegan-friendly and pet-friendly dining options.

Community Events

  • Check local event calendars for festivals, concerts, and community activities that reflect the city’s small-town feel and urban amenities.

By providing these attractions and tips, your Airbnb guests can fully enjoy the unique blend of natural beauty, cultural richness, and urban convenience that Temple Terrace has to offer.

Practical Tips

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

To ensure a smooth and successful short-term rental business in Temple Terrace, Florida, several practical tips can make a significant difference in guest satisfaction and compliance with local regulations.

Noise Regulations and Quiet Hours

Inform your guests about quiet hours and noise regulations to maintain a peaceful environment and avoid potential fines. Include clear guidelines in your digital and physical house manual, emphasizing the importance of respecting the neighborhood's quiet hours.

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 guests with clear instructions on how to access the property, along with photos of the entrance and any specific steps they need to follow.

Parking Instructions

Include detailed parking instructions in your house manual, accompanied by photos to help guests identify designated parking areas. This ensures that guests park correctly, avoiding any potential issues with neighbors or local authorities.

By implementing these tips, you can enhance the guest experience, reduce potential conflicts, and ensure your short-term rental business in Temple Terrace, Florida, operates smoothly and successfully.

Local Vendors

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

House Cleaning Services in Temple Terrace, FL

Joy of Cleaning

  • Provides deep cleaning, move-in/move-out cleaning, and other adaptable service options.
  • Known for professional, personable, and service-oriented approach.

A Home Maid Clean

  • Renowned as the premier home cleaning company in Temple Terrace.
  • Licensed, insured, and fully bonded.

The Sunshine Cleaners

  • Offers excellent home cleaning services for a hassle-free experience.
  • Based in Tampa but serves Temple Terrace.

Various Providers Listed on Thumbtack

  • Includes multiple house cleaning services such as Sinthya, who received positive reviews for professionalism and quality of service.

Providers Listed on Angie's List

  • A list of top-rated cleaners in Temple Terrace, FL, with real reviews and ratings.
Management fees

Short-Term Rental Management Fees in Temple Terrace, Florida

In Temple Terrace, Florida, the fees for managing short-term rental properties typically range from 10% to 30% of the rental revenue, varying based on the level of service provided. Full-service management, which includes comprehensive services such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often starting at around 20% of revenue.

Basic services, which may include only the essential management tasks, can be less expensive. Additionally, property owners may incur extra fees for services like cleaning, repairs, and design, which can be charged separately or included in the overall management fee. Companies like GoSummer and Awning offer tailored management solutions, with fees adjusting based on factors such as property size, type, and location.

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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 Temple Terr 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 Temple Terr.

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