Starting Out

User Stats

22
Posts
14
Votes
Seth Ciminillo
  • Realtor
  • Lima, OH
14
Votes |
22
Posts

First Hand Experience withShort-term/Seasonal Rentals in Florida?

Seth Ciminillo
  • Realtor
  • Lima, OH
Posted Jan 21 2022, 08:39

Hey Bigger Pockets Fam,

My colleague and I @Garrett Gatton are looking to break into the Florida market, specifically around Naples, FL for seasonal and short term rentals. Anyone have any experience in this area? We were looking at some condos in the area, but have found that a lot of condo associations and HOAs have 30-day minimums on rental lease agreements and also only allow 3-4 turns on a unit depending on the specific rules. This excludes weekly rentals through Airbnb (or other similar sites), and leaves the option of seasonal leases or a one-year lease option.

The goal for this investment would be a way for us to break into out-of-state investing, invest in an appreciating market, and essentially use it as a house-hack for a vacation spot.

For those in this area, would we be better off looking for a single family home or a small multi (2-4 units) so that way we have more freedom in how we want to structure our leases and have the ability to do weekly rentals?

Any thoughts or suggestions for us? Thanks!

Loading replies...