Airbnb & VRBO Performance in West Palm Beach Florida.

Short-Term Rental Regulations in West Palm Beach, Florida for 2024

Licensing and Tax Requirements

• Tourist Development Tax (TDT) Account: Obtain a TDT account number from Palm Beach County, with a tax rate of 6% on total taxable rental receipts.
• Business Tax Receipt (BTR): Secure a BTR for each rental unit, which acts as a rental license and must be renewed annually.

Licensing Process

• Rental Tax Application: Complete a rental tax application available on the City of West Palm Beach’s website, which includes documentation of the number of buildings and units on the property.
• Inspections: Ensure compliance with safety and building codes through required inspections, including fire inspections and code compliance inspections.

Safety and Health Standards

• Fire Safety Inspection: Properties must pass a fire safety inspection to ensure compliance with safety requirements, including smoke detectors, carbon monoxide detectors, and fire extinguishers.
• Designated Responsible Agent: Designate a responsible agent available 24/7 to respond to complaints or emergencies related to the short-term rental.

Occupancy Limits

• Maximum Occupancy: Follow the state and local occupancy limits, which are two persons per bedroom plus two additional persons per rental unit, up to 12 persons.

Insurance Requirements

• Liability Insurance: Maintain liability insurance coverage with a minimum limit of $1,000,000 per occurrence, naming the property owner, responsible agent, and Palm Beach County as additional insured.

Accessibility Compliance

• ADA Compliance: Ensure properties comply with the Americans with Disabilities Act (ADA) standards, including accessible parking, entrances, and accommodations for guests with disabilities.

Property Maintenance

• Code Compliance: Adhere to the City's Code Compliance Division standards for property maintenance, including sub-standard housing conditions, waste collection, yard maintenance, and parking areas.

Geographic and Ownership Caps

• Geographic Caps: Comply with any current geographic caps on the number of short-term rentals in specific areas.
• Ownership Documentation: Document the deed with the Palm Beach County Clerk and Comptroller’s Office, ensuring ownership information matches the application.

Statewide Regulations

• Statewide Registry: Register the property with the new statewide database managed by the Florida Department of Business and Professional Regulation (DBPR) as required by Senate Bill 280.

Additional Requirements

• Human Trafficking Notification: Ensure any employees hired to maintain the property or greet guests are trained on human trafficking awareness.
• Balcony Inspection: If applicable, obtain a balcony inspection certification for buildings three or more stories high or with balconies at least 17 feet from ground level.

Top Airbnb Revenue-Generating Neighborhoods in West Palm Beach, Florida

1. Downtown West Palm Beach

• Appeal: Downtown West Palm Beach is the heart of the city, offering a vibrant atmosphere with numerous entertainment, dining, and shopping options. Guests are drawn to its lively cultural events, waterfront views, and a mix of luxury high-rises and more affordable apartments, making it ideal for those who want to be at the center of the action.

2. El Cid

• Appeal: El Cid is a historic neighborhood known for its beautifully preserved homes and tree-lined streets, exuding charm and elegance. Its tranquil residential community with easy access to downtown West Palm Beach makes it a popular choice for those seeking a blend of historic charm and modern convenience.

3. Georgia Ave / El Vedado

• Appeal: This neighborhood combines residential tranquility with proximity to urban amenities. It features a mix of architectural styles, providing a unique and picturesque setting. Guests appreciate the blend of history and modern conveniences, making it an attractive option.

4. Colonial Estates / South End

• Appeal: Known for its eclectic mix of homes and close-knit community, Colonial Estates / South End offers a welcoming atmosphere and convenient location near shopping, dining, and entertainment options. The easy access to the Intracoastal Waterway adds to its appeal.

5. Singer Island

• Appeal: Singer Island is highly rated for its beachfront properties, such as the Bermuda Bungalows and other luxurious beach getaways. Guests are attracted to its proximity to famous beaches, bars, parks, marinas, and reefs, along with high-end custom finishes and amenities like saltwater heated pools and spas.

6. SoSo (South of Southern) Neighborhood

• Appeal: This neighborhood offers a unique blend of beach charm and farmhouse elegance. Its unbeatable location just steps from the Intracoastal waters and a short drive to Palm Beach, beaches, and new golf courses makes it a favorite among guests looking for a warm and inviting escape.

7. Westfield / Northwood Hills

• Appeal: This diverse and dynamic neighborhood offers a variety of housing options, from affordable apartments to mid-century single-family homes. The active community and numerous local parks make it a great place for families and outdoor enthusiasts.

These neighborhoods are highly appealing due to their unique blend of historic charm, modern amenities, and convenient locations, making them top choices for generating significant Airbnb revenue in West Palm Beach.

Tips for Furnishing and Designing an Inviting Airbnb in West Palm Beach, Florida

Understanding the Local Style

• Incorporate elements that reflect West Palm Beach's tropical and coastal vibe, such as light colors, natural textures, and nautical accents.

Essential Furniture

• Sofa or Seating Area: Choose a comfortable, stylish sofa that can also serve as a convertible bed to accommodate more guests.
• Dining Table and Chairs: Ensure the dining area is well-equipped and comfortable for meals.
• Bed and Mattress: Invest in a high-quality mattress and consider adding murphy beds or pull-out sofas to maximize space.
• Storage: Provide ample storage options like dressers, wardrobes, and nightstands to keep guests' belongings organized.

Kitchen Essentials

• Cookware and Utensils: Stock the kitchen with necessary cookware, utensils, and basic cooking ingredients.
• Appliances: Include a refrigerator, range, microwave, and optional dishwasher and washer/dryer.
• Coffee Maker and Toaster: Add a coffee maker and toaster or toaster oven for guest convenience.

Comfort and Aesthetics

• Lighting: Use lamps and other lighting options to set a welcoming mood and ensure adequate lighting for various guest needs.
• Home Decor: Add artwork, indoor plants, and cozy blankets or throws to create a homely atmosphere.
• Color Scheme: Use a color palette that reflects the local tropical and coastal style, such as pastels, whites, and natural tones.

Practical Considerations

• Budgeting: Balance your budget by splurging on statement pieces like couches and coffee tables, while making compromises on less critical items.
• Seasonal Adjustments: Make seasonal changes to furniture and decor, such as adding or removing rugs and throws, to enhance guest comfort.

Guest Amenities

• Bathroom Essentials: Provide towels, toiletries, extra toothbrushes, toothpaste, disposable razors, and a hairdryer.
• Cleaning Supplies: Ensure the space is clean and well-maintained with vacuum cleaners, brooms, mops, and disinfectant wipes.
• Safety & Security: Install smoke detectors, a fire extinguisher, and a first aid kit for guest safety.

Personal Touches

• Welcome Basket: Offer a welcome basket with snacks and beverages to make guests feel welcome.
• Information Booklet: Provide an information booklet with house rules, local attractions, and contact details.

Putting Yourself in the Guest's Shoes

• Design the space with the guest's needs and preferences in mind. Consider what would make your stay comfortable and memorable if you were the guest.

Discover West Palm Beach: Top Attractions and Insider Tips

Top Local Attractions

1. CityPlace and The Square

• A vibrant enclave with 600,000 square feet of retail, over 20 restaurants, a 20-screen theater, and a cultural arts theater. Enjoy the old-world architecture, beautiful fountains, and sidewalk cafes.

2. Clematis Street

• The historical heart of downtown West Palm Beach, featuring colorful boutiques, art galleries, nightclubs, live music, restaurants, antique shops, and historical landmarks. Don't miss the winter farmers’ market and the spring SunFest.

3. Norton Museum of Art

• A world-renowned art museum with a diverse collection of American, Chinese, and European art, as well as rotating exhibitions.

4. Flagler Museum

• Located on Palm Beach, this museum showcases the Gilded Age lifestyle and features an impressive collection of art and artifacts.

5. South Florida Science Center and Aquarium

• Offers over 50 hands-on educational exhibits, a 10,000-gallon aquarium, a digital planetarium, and various interactive science displays.

6. Palm Beach Zoo

• Home to a variety of animals, including koalas, tigers, and albino alligators. A great place for family outings.

7. Manatee Lagoon

• A spot to observe and learn about manatees in their natural habitat. No reservations required.

8. West Palm Beach GreenMarket

• Voted the #1 Farmer’s Market in America, offering fresh produce, baked goods, herbs, teas, flowers, and crafts every Saturday from October to May.

9. Lion Country Safari

• A unique drive-through wildlife park where you can see lions, giraffes, and other animals up close.

10. Grassy Waters Preserve

- A nature preserve with hiking trails, bird-watching opportunities, and a chance to spot local wildlife.

Insider Tips

Water Activities

• Enjoy fishing, jet skiing, sunset cruises, snorkeling, and paddle cruises. The Peanut Island Kayak tour and the Catamaran Snorkeling Adventure are highly recommended.

Guided Tours

• Take a guided bike tour of Historic Palm Beach Island or a guided kayak tour through the South Cove Natural Area to explore the local scenery and wildlife.

Local Markets

• Visit the Grandview Public Market for an industrial-style market experience with food vendors, live music, and other events.

Shopping

• Explore Tanger Outlets Palm Beach for a unique shopping experience with a variety of brands and restaurants.

Cultural Experiences

• Use the WPB Trolley to explore downtown West Palm Beach and its various cultural attractions without the hassle of parking.

Dining and Nightlife

• Clematis Street and CityPlace offer a wide range of dining options and nightlife, from sidewalk cafes to nightclubs and live music venues.

Nature and Outdoor Activities

• Walk or cycle along the Lake Trail, which faces the Intracoastal Waterway and offers stunning views of Palm Beach Island homes.

By sharing these attractions and insider tips, you can help your Airbnb guests make the most of their visit to West Palm Beach.

Practical Tips to Run a Successful Short-Term Rental Business in West Palm Beach, Florida

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

Noise Regulations and Guest Communication

Inform your guests about quiet hours and noise regulations to maintain a harmonious environment. Clearly outline these rules in your digital and physical house manual to avoid any misunderstandings.

Comprehensive House Manual

Create a detailed digital and physical house manual that includes essential instructions, Wi-Fi passwords, and other important information. This manual should cover everything from appliance usage to emergency contact details, ensuring guests have all the information they need at their fingertips.

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, and consider including parking instructions accompanied by photos to help them navigate the premises easily.

By implementing these strategies, you can enhance the guest experience, reduce potential issues, and maintain a well-managed and compliant short-term rental business in West Palm Beach.

Here is a brief list of house cleaning providers in West Palm Beach, Florida:

House Cleaning Providers in West Palm Beach, FL

Molly Maid of West Palm Beach and Boynton Beach

• Offers customized cleaning plans, move-out cleaning, and recurring cleaning services.
• No contracts and a 24-hour warranty.
• Services include home cleaning, special occasion cleaning, and one-time cleaning emergencies.

MaidThis

• Provides house, Airbnb, and vacation rental cleaning services.
• Features a 24-hour happiness guarantee, easy online booking, and fixed pricing.
• Services include residential and vacation rental cleaning with a rigorous vetting process for cleaners.

MaidPro West Palm Beach

• Offers customized cleaning services using a 49-Point Checklist™.
• Provides regular refresh cleans, pre-move deep cleans, and flexible scheduling options.
• Services include kitchen, bathroom, floor, and dusting cleaning by trained and insured professionals.

Sage Cleaning Services

• Women-owned and family-operated, offering one-time, weekly, bi-weekly, or monthly visits.
• Provides vetted and background-checked cleaning specialists with all necessary materials and equipment.
• Features a 100% satisfaction guarantee and immediate online quotes.

The Cleaning Authority - Palm Beach

• Uses a Detail-Clean Rotation System for thorough and sanitized cleaning.
• Offers professional cleaning services to homes, condos, and apartments by licensed and bonded cleaners.
• Services include cleaning of bathrooms, kitchens, living areas, and sleeping areas with environmentally responsible products.

West Palm Beach, Florida: Understanding Short-Term Rental Management Fees

In West Palm Beach, Florida, short-term rental management fees can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management companies, such as those offered by Awning and MasterHost, which include comprehensive services like guest communication, marketing, pricing optimization, and maintenance, tend to be on the higher end of this spectrum, often starting at 15% or more of the revenue generated.

Basic services, which may only include listing optimization and booking management, can be less expensive, sometimes as low as 10% per booking. Additionally, property owners may incur extra fees for services such as cleaning, repairs, and design enhancements, which can be either included in the overall management fee or charged separately. Understanding these fee structures is crucial for property owners to budget accurately and ensure they receive value for the services provided.