South Florida Short Term Rental
Hello,
I am thinking of doing STRs in Lauderdale, Fort Lauderdale and Pompano Beach area. Can anyone share what the STR restrictions are for each area? Any help is greatly appreciated!
Thank you!
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Hey @Raymond J. Rodrigues. Have you just checked the interwebs? Or maybe call up the municipalities to see what the rules are?
Fort Lauderdale - https://www.fortlauderdale.gov...
Pompano Beach - https://www.pompanobeachfl.gov...
@Raymond J. Rodrigues - I got all of that info (as verified by the local authorities ;)
Hi @Raymond J. Rodrigues, you have to get your property inspected by the city of Fort Lauderdale and Pompano Beach in order to obtain a short-term rental license. Other than that, there aren't many restrictions unless you want to purchase a condo (rules from the association). If you looking to purchase an active STR in the area, I have two licensed short-term rentals for sale; one in Pompano (waterfront) and one in Hollywood.
Hey @Raymond J. Rodrigues, really depends on the particular property and the association it is in. Takes some time but I would recommend touching base with all the HOA's where you are looking to purchase a property. Keep in mind some associations like to make up the rules as they go, so I would also be sure to dig and see if they ever have a plan to change the rental restrictions. I am a realtor out here and what I have seen is a lot of investors that take the STR route are having to sell the properties since the associations change the rental restrictions. They do this in order to keep homeowners in the community opposed to having it turn into an airbnb party scene. For STR I would recommend going with a single family or a residential multi-unit that way you avoid this all together. Best of luck!