Seeking advice from anyone hosting in Sarasota County, Florida. I'm thinking of listing a room or two in my home near Proctor and I75. It's a gated community and I can't find anything in the CC&Rs specifically prohibiting short-term rentals of single rooms (as written, it appears that only STR of the whole house is prohibited). Through intense late-night googling I've discovered that Sarasota County has an agreement with airbnb and that state and local taxes will be taken care of by airbnb. Also aware that I should check with the property appraiser on the homestead exemption for the portion of the house being rented. I have a nice home, on a small lake, with a pool, and it's peaceful. Less than two miles from I75, so I think it would be attractive to people coming to this area for vacation, beaches, birding, rowing, etc. But, will I get taxed to death? Trying to determine if it's worth it with: partial loss of homestead exemption, airbnb fees, taxes that will be collected and remitted by airbnb on my behalf, and income tax on rental income (?). Thanks very much for any guidance you can offer.
