FAQ
What are the regulatory requirements for short-term rentals in Boca Raton?
To host your property in Florida for short-term rental through the Airbnb platform, it is imperative for you to obtain a vacation rental certificate and pay a rental fee. On the other hand, you must also ensure your compliance with safety regulations and strictly maintain occupancy limits. Additionally, you would also need to collect and remit tourist development taxes. These are essential regulatory requirements for a hassle-free, smooth short-term rental business experience in Boca Raton, Florida.
What are the essential rules that you must follow for short-term rentals in Florida?
Some of the most essential rules that hosts of short-term rental businesses in Florida should keep in mind are:
- Short-term rental taxes must be paid diligently.
- It is a must to list your property on Airbnb’s ‘Commercial Hosts’ page
- Should follow local regulations, as rental regulations vary from one city to another. Check with Boca Raton’s local government before proceeding.
- Renting out residential property for less than 30 days without a license in the state of Florida is illegal.
What is the Airbnb 80/20 rule?
The 80/20 rule in the context of short-term rentals refers to the fact that 80% of the revenue from bookings is generated from 20% of listings. Properties with the best listing are, with exceptional photos, best reviews and exceptional guest experience are the ones that generate maximum ROI.
What is the 24-hour rule on Airbnb?
The 24-hour rule refers to Airbnb booking cancellation policies. Guests receive a full refund if they cancel within 24 hours after the reservation is confirmed. However, the reservation must be confirmed 7 days before check-in.
What is the span of a short-term rental in Florida?
The short-term rental duration in Florida is less than 30 days or less than one month, irrespective of the type of property you are hosting.