The Anna Maria Island Sun Newspaper

Vol. 15 No. 3 - November 12, 2014

REAL ESTATE

Bed and breakfast without the breakfast

 

So you live in a fabulous place,– so fabulous that when you travel, everything looks un-fabulous by comparison. Maybe it’s time to take advantage of your home’s fabulousness by sharing it with others and making a little pocket money while you’re at it.

Remember, well maybe you don’t, when taking in lodgers was a sign that you were having problems making ends meet. Then lodgers were converted into guests and vintage homes with multiple bedrooms all around the country were turned into a bed and breakfast.

The latest incarnation of the lodger and bed and breakfast concepts is now renting rooms within your home to guests who would like to enjoy the benefits of living in your home for a short stay without the impersonal and expensive aspect of a hotel.

Now before I get myself in trouble here, I want to state there are taxes, both local and federal, you may be required to pay. Also, you need to determine what permitting and zoning regulations you may have to meet before you can rent your extra bedroom to a temporary guest. And as in any rental situation, fair housing rules apply, which prohibits discrimination based on race, religion, age, gender and more. Basically, if this is something that appeals to you, research would certainly be required.

So how does this work? First you need to be comfortable with a stranger living in your house. It can be a wonderful experience or it can be a nightmare, especially if your guest decides to invite the folks they just met at the local bar over to continue the party. Second, after cruising around the Internet, I determined that most homeowners who are making rooms available to guest are providing basically a nicely appointed bedroom and a private bath. If there is also a private entrance better still. Most homeowners do not provide food or breakfast, but will allow guests some kitchen access.

Usually renters looking for private home accommodations are also looking for locations that are vacation friendly like beaches or ski resorts. Practically any home on Anna Maria Island with an extra bedroom would be attractive to short term vacation guests. And finding vacation renters is not all that difficult, especially with the beach within a short walk of your home.

There is a website called airbnb, Inc. devoted almost exclusively to matching landlords and renters. Airbnb has over 35,000 listings around the world. The property listing highlights location, amenities and pictures of both the property and the homeowner. There is a fee for both the guest and the homeowner.

After checking out the west coast on airbnb, including Sarasota, Treasure Island and Anna Maria, I found the per night costs ranged from $50 to $90 for a bedroom with a private bath, and there was something for everyone, downtown Sarasota, Siesta Key, canal front, and walking distance to the beach.

What airbnb has created is what is coming to be known as the sharing economy. Consumers contract for short term use of their underused assets like homes or space in their homes, cars, boats and other possessions that can be easily rented to interested parties on a short term basis. Shared economy is different than commercial rentals offering more personal one on one interaction and usually priced better. You’re not renting a car from Avis to drive through New England for two weeks you’re sharing a private individual’s vehicle for a fee.

If you think your home is fabulous and you want to share it with others, the sharing economy may be something to think about. Remember, they’re not lodgers, they’re guests, and you don’t have to cook them breakfast.

Real Estate Transactions
As of August 31, 2014
Sponsored by Alan Galletto Island Real Estate

Sold Date | List Price | Sold Price | Address | Provision | Property Style

Anna Maria

08/13/2014 649,000 589,000 112 Hammock Rd. 2009 85x112 3 Br/2 Ba SFR
08/15/2014 697,500 660,000 208 Lakeview Dr. 1408 75x110 2 Br/2 Ba SFR
08/15/2014 749,000 725,000 519 South Dr. 1582 60x110 3 Br/2 Ba SFR
08/04/2014 895,000 895,000 316 Tarpon St. 2351 4 Br/3 Ba SFR
08/20/2014 1,195,000 1,079,000 218 Archer Way, 2712 4 Br/3.5 Ba SFR
08/06/2014 350,000 350,000 70 North Shore Dr. 836 54x78 2 Br/1 Ba Half Duplex

Bradenton Beach

08/22/2014 199,000 189,000 1801 Gulf Dr. N. # 215 691 1 Br/1 Ba Condo
08/29/2014 379,000 372,000 117 10th St. N. 121 1027 2 Br/2 Ba Condo
08/23/2014 625,000 625,000 2600 Gulf Dr. N. # 24 1195 2 Br/2 Ba Condo
08/29/2014 199,000 189,000 103 Gulf Dr. N. 1200 53x100 Com
08/18/2014 599,000 599,000 2412 Avenue B 2984 50x100 Inc

Cortez

08/06/2014 165,000 155,000 9604 W Cortez Rd. 224 1218 2 Br/2 Ba Condo

Holmes Beach

08/20/2014 549,900 540,000 218 85th St . 1534 90x100 3 Br/2.5 Ba SFR
08/15/2014 595,000 560,000 210 55th St. 2185 131x105,70,118 3 Br/3.5 Ba SFR

Holmes Beach

08/12/2014 599,900 572,000 4005 5th Ave . 1994 3 Br/3 Ba SFR
08/20/2014 599,000 585,000 312 61st St. B 1707 3 Br/2 Ba SFR
08/29/2014 599,000 585,000 628 Foxworth Ln. 2334 100x115 3 Br/2 Ba SFR
08/22/2014 675,000 627,500 518 Bayview Dr. 1250 75x120 2 Br/2 Ba SFR
08/05/2014 699,000 675,000 6201 Holmes Blvd. 1822 101x78 5 Br/3 Ba SFR
08/01/2014 749,000 705,000 214 82nd St. 1536 90x90 3 Br/2 Ba SFR
08/01/2014 873,500 837,500 514 Bayview Dr. 1841 75x120 3 Br/2 Ba SFR
08/12/2014 965,900 900,000 684 Key Royale D 3003 4 Br/3 Ba SFR
08/13/2014 1,249,000 980,000 8407 Marina D 2164 80x125 3 Br/2 Ba SFR
08/22/2014 1,499,900 1,400,000 3007 Avenue F # 1 & 2 2200 4 Br/4 Ba SFR
08/04/2014 232,000 215,000 4307 Gulf D 206 1027 2 Br/2 Ba Condo, Short Sale
08/13/2014 395,000 370,000 6500 Flotilla D 174 1622 3 Br/2 Ba Condo
08/15/2014 418,000 410,000 5200 Gulf D 508 1169 2 Br/2 Ba Condo
08/13/2014 597,000 573,500 244 S Harbor D 2 1330 2 Br/3 Ba Condo
08/07/2014 649,900 650,000 5608 Gulf D 215 1092 2 Br/2 Ba Condo
08/29/2014 1,725,000 1,700,000 7310 Gulf D 5 1952 2 Br/2.5 Ba Condo
08/22/2014 675,000 627,500 518 Bayview D 75x120 Vac
08/01/2014 425,000 395,000 3004 Avenue C 150x10 Vac
08/21/2014 650,000 405,023.85 8101 Palm D 1971 90x115 3 Br/2 Ba Inc, Short Sale
08/04/2014 519,000 493,000 306 65th St 1300 90x105 3 Br/2 Ba Inc
08/08/2014 419,000 380,000 4603 Gulf Dr # A 1334 50x100 4 Br/2 Ba Inc

Source: Manatee County Property Appraiser’s Office