Airbnb & VRBO Performance in Treasure Island Florida.

Short-Term Rental Regulations in Treasure Island, Florida for 2024

Zoning Restrictions

• Tourist dwellings are not permitted in RU-75 (Single-Family) and RM-15 (Multi-Family) zoning districts. However, they are allowed in CG, RFM-30, RFH-50, PR-MU Core, and PR-MU Gulf Boulevard zoning districts without restrictions on changes of occupancy.

Occupancy Limits

• In RU-75 zoning districts, properties are limited to two changes of occupancy in a 12-month period.
• In RM-15 zoning districts, properties are limited to six changes of occupancy in a 12-month period.

Licensing and Taxes

• Owners must obtain the required licensing from the state for a lodging establishment.
• Owners must pay the annual City of Treasure Island Local Business Tax if they advertise or rent the unit for payment.
• Owners must pay the Pinellas County Tourist Development Tax, which is a 6% tax on rentals for six months or less.

Homestead Exemption

• If the owner is not permanently residing in the dwelling and it is used as a rental or vacation home, the owner may be in violation of homestead exemption regulations and could be subject to multiple years of property taxes.

Community Standards

• Each change of occupancy, regardless of the duration, counts as one change.
• Owners must ensure compliance with city codes regarding parking, noise, nuisances, litter, and abandoned property.

Inspections and Compliance

• While specific inspection requirements are not detailed, compliance with all city codes and regulations is mandatory. Failure to comply can result in fines and other penalties.

Fines and Penalties

• Non-compliance can lead to fines and other penalties, including potential property liens and injunctions, although specific fine amounts for Treasure Island are not specified in the available sources.

Top Neighborhoods for Airbnb Revenue in Treasure Island, Florida

Treasure Island Beachfront

• Appeal: Direct access to the beach, stunning sunsets, and proximity to beach bars, live music, and restaurants. Properties like the "Attractive Beachfront Studio" and "Beach Front Penthouse Riley's Retreat Island Inn" offer luxurious amenities and breathtaking views of the Gulf of Mexico.
• Revenue Potential: High demand for beachfront properties, especially those with modern amenities and spectacular views, drives higher nightly rates and consistent bookings.

Gulf Boulevard Area

• Appeal: Central location with easy access to John's Pass for shopping, dining, and water activities. Rentals such as "Treasure Island Beach Apartment #1" provide all necessary amenities for a comfortable beach vacation and are within walking distance to key attractions.
• Revenue Potential: The area's popularity and convenience attract a high volume of guests, leading to steady bookings and significant revenue.

Belleair Beach and Surrounding Areas

• Appeal: Properties like the "BEACHFRONT Condo - Belleair Beach Club" offer renovated condos with pool areas, grills, and direct beach access. The area is known for its beautiful beaches and quieter ambiance compared to Clearwater Beach.
• Revenue Potential: The combination of beachfront access, modern amenities, and a peaceful environment makes these properties highly sought after, generating substantial revenue.

Indian Rocks Beach and Indian Shores

• Appeal: Neighborhoods like Indian Rocks Beach and Indian Shores offer semi-private beach access, numerous restaurants, coffee shops, and local activities such as kayaking and putt-putt golf. Rentals like the "Beach Bungalow with Southern Charm" are highly rated for their cleanliness and family-friendly atmosphere.
• Revenue Potential: The variety of activities and amenities in these areas attracts families and couples, ensuring a steady stream of bookings and revenue.

Madeira Beach and North Redington Beach

• Appeal: These areas offer a mix of old Florida charm and modern conveniences. Properties such as the "Blue Octopus~Walk 2 beach & Johns Pass~King Bed" in Madeira Beach and "Beachside Mini-Condo on North Redington Beach" provide easy access to beaches, shopping, and dining.
• Revenue Potential: The unique blend of old and new attractions, along with the proximity to Johns Pass and other local spots, makes these areas highly appealing to guests, resulting in significant revenue for Airbnb hosts.

These neighborhoods are particularly appealing due to their combination of beach access, modern amenities, and a range of activities that cater to different types of guests, from families to couples and solo travelers.

Crafting an Inviting Airbnb in Treasure Island, Florida: Design and Furnishing Tips

To create an Airbnb in Treasure Island, Florida, that is both inviting and reflective of the city's unique style, consider the following tips:

Embrace the Coastal Theme

• Incorporate light colors, natural materials, and nautical elements to reflect the laid-back beach vibe of Treasure Island.
• Use driftwood accents, bright tropical patterns, and ocean-inspired artworks to enhance the coastal ambiance.

Prioritize Outdoor Spaces

• Ensure your property has outdoor spaces like patios or balconies where guests can enjoy the coastal atmosphere. These areas should be equipped with comfortable seating and possibly outdoor dining options.

Modern and Practical Furnishings

• Opt for modern and minimalist styles that emphasize clean lines and uncluttered spaces. This approach ensures both style and practicality for guest comfort.
• Invest in high-quality, stylish furniture that appeals to potential guests looking for a premium experience.

Equipped Kitchens

• Provide modern kitchens with amenities such as granite countertops, hardwood cabinets, and stainless steel appliances. Ensure the kitchen is well-stocked with basic spices, condiments, coffee, creamer, and sugar.

Comfortable Living Areas

• Create comfortable living areas that are conducive to both relaxation and socializing. Include amenities like large smart TVs with cable and streaming services, and cozy fireplaces for cooler evenings.

Beach and Waterfront Amenities

• Offer amenities such as kayaks, beach chairs, umbrellas, and coolers to enhance the beach vacation experience. These extras can significantly improve guest satisfaction.

Neighborhood and Location Considerations

• Choose properties in desirable neighborhoods such as waterfront areas, central beach districts, and areas with vibrant nightlife and dining options. These locations are highly attractive to tourists and locals alike.

Personal Touches

• Incorporate unique or local art pieces to capture the essence of Treasure Island. This can help guests feel more connected to the local culture and environment.

Family-Oriented Amenities

• For properties targeting families, ensure there are amenities like heated pools, hot tubs, and playgrounds. These features can make the stay more enjoyable for families and outdoor enthusiasts.

Attention to Detail

• Pay attention to details such as luxury bedding, modern appliances, and aesthetically pleasing decor. These thoughtful upgrades can elevate the perception of your space and lead to increased bookings.

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

To ensure a smooth and profitable short-term rental business in Treasure Island, Florida, several practical tips can make a significant difference. Here are some key considerations:

Noise Regulations and Quiet Hours

Inform your guests about the local noise regulations and quiet hours to avoid any potential issues. Include a section in your house manual or welcome message that clearly states the quiet hours and the consequences of violating them. This helps maintain a good relationship with neighbors and avoids any fines or complaints.

Digital and Physical House Manual

Create both digital and physical house manuals that include essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also cover house rules, trash disposal, and any specific instructions for the property. Having this information readily available reduces the number of inquiries and ensures guests have a hassle-free stay.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process. Smart locks eliminate the need for physical keys and allow guests to enter the property using a unique code or digital key. Provide clear instructions on how to use the smart lock in your house manual or through a welcome message.

Parking Instructions with Photos

Ensure that parking instructions are clear and accompanied by photos to avoid any confusion. If there are specific parking spots assigned to the property, mark them clearly and include photos in the house manual. This helps guests understand where they can park and avoids any potential parking issues or fines.

By implementing these tips, you can enhance the guest experience, reduce potential issues, and maintain a successful and compliant short-term rental business in Treasure Island, Florida.

Here is a brief list of house cleaning providers in Treasure Island, Florida:

House Cleaning Services in Treasure Island, FL

Joy of Cleaning

• Provides deep cleaning, move-in/move-out cleaning, and regular maintenance.
• Known for professional, personable, and service-oriented approach.
• Contact: (727) 687-2710.

My Cleaning Angel

• Matches clients with local cleaners for house cleaning services.
• Offers easy and fast online booking.
• Services include various house cleaning needs.

MaidPro

• Offers weekly, bi-weekly, or one-time house cleaning services.
• Includes thorough cleaning such as vacuuming, polishing, and scrubbing.
• Customizable maid services to fit client needs.

Perfectly Done By Katarzyna

• Specializes in residential home cleaning services.
• Known for quality work and outstanding results.
• Listed on Angie's List as one of the top house cleaners in Treasure Island.

Managing Short-Term Rentals in Treasure Island, Florida: Understanding Fees and Services

Managing short-term rentals in Treasure Island, Florida, involves a range of fees and services that can significantly impact the profitability of your investment. Typically, management fees for short-term rentals in Treasure Island range from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management companies, which handle comprehensive tasks such as guest communication, marketing, booking management, cleaning, and maintenance, tend to charge fees on the higher end of this spectrum. For instance, companies like GoSummer and Home Team Vacation Rentals offer full-service packages that include strategic pricing, multi-channel marketing, and regular property maintenance, often charging around 20% to 30% of the revenue.

In contrast, basic services that focus on fewer aspects, such as only marketing or booking management, may incur lower fees. Additionally, property owners may need to account for extra fees related to cleaning services, repairs, and design or renovation costs. Ensuring compliance with local regulations, such as obtaining necessary licenses and paying tourist development taxes, is also crucial and may be included in the management services or handled separately by the property owner. Understanding these fees and services is essential for maximizing revenue and maintaining a successful short-term rental operation in Treasure Island.