How to Establish a Short-Term Rental in Panama City Beach, FL
1. Understand Local Regulations
- Zoning Laws: Confirm your property is in a zone permitting short-term rentals.
- Short-Term Rental Ordinances: Learn local ordinances, including occupancy limits and safety requirements.
2. Business Licensing
- Business Tax Receipt: Obtain a business tax receipt from Panama City Beach.
- State Business Registration: Register with the Florida Department of State.
3. State Licensing
- Vacation Rental License: Apply for a vacation rental license from the Florida DBPR.
4. Tax Collection and Remittance
- Sales Tax: Register to collect and remit sales tax.
- Tourist Development Tax: Collect and remit the tourist development tax to Bay County.
5. Property Preparation
- Safety and Compliance: Ensure the property meets safety standards.
- Furnishings and Amenities: Furnish the property for guests.
6. Insurance
- Short-Term Rental Insurance: Obtain appropriate insurance coverage.
7. Marketing and Management
- Listing Your Property: Create listings on platforms like Airbnb and VRBO.
- Management Plan: Decide on self-management or hiring a property manager.
8. Setting Up Services
- Cleaning Services: Establish reliable cleaning services.
- Maintenance Services: Have contacts for maintenance services.
9. Compliance and Documentation
- Record Keeping: Maintain detailed records of rental income, expenses, and tax payments.
- Guest Agreements: Prepare rental agreements outlining terms and house rules.
10. Community Relations
- Neighborhood Awareness: Be considerate of neighbors and address any concerns.
For more detailed guidance, you can refer to Panama City Beach Short-Term Rentals Information and Panama City Short-Term Rental Fact Sheet.
