West Palm Beach Airbnb STR Market

Short-Term & Vacation Rental Discussions

West Palm Beach Airbnb STR Market

Investor · Lake Worth, FL · Member since 2015 · 107 posts · 54 votes

Whats up guys!,

Im looking to connect with fellow STR hosts in the west palm beach area. I curently own 2 STR's and manage 4 others for a total of 6 units under management,. Lets help each other out and bring value to each other. I am a super host as well :)

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V.G JasonPro Member

Investor · Member since 2022 · 3k+ posts · 3k+ votes

Quote from @Tyler Solomon:

Jason, I work out in the west palm beach area all the time! Happy to connect!

Definitely, I'm still a bit aways from investing. Need to see my tax bill before I commit. That process is always my hurdle, early Spring is my timeline.

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Chase Hoover
Real Estate Broker · Staunton, VA · Member since 2019 · 194 posts · 216 votes
3y
Used to manage a portfolio of around 30 STRs in Lake Worth Beach - cool town. Sold everything and moved home to the Blue Ridge Mountains in 2021. On cold days like this, we sure miss Benny's though! If you don't already know him, connect with Michael Cuevas with Acquire Palm Beach - he's a broker in LW/WPB that does a lot with STRs.
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Dexter Dauz
Member since 2021 · 5 posts · 3 votes
3y
Hello! I currently own an STR in West Palm Beach. Let's connect.
0 Reply
Jason Luongo
OP
Investor · Lake Worth, FL · Member since 2015 · 107 posts · 54 votes
3y
Quote from @Chase Hoover:

Used to manage a portfolio of around 30 STRs in Lake Worth Beach - cool town. Sold everything and moved home to the Blue Ridge Mountains in 2021. On cold days like this, we sure miss Benny's though! If you don't already know him, connect with Michael Cuevas with Acquire Palm Beach - he's a broker in LW/WPB that does a lot with STRs.

Wow thats awesome!, I actually live in Lake Worth Beach and one of my properties is in lake worth as well. Bennys is definetly one of my favorite breakfast spots!
I will definitely reach out to Michael, thanks for that
0 Reply
Shawn W.
Rental Property Investor · Morehead City, NC · Member since 2014 · 14 posts · 1 vote
3y
How is the West Palm Market. Are there current regulations or proposed regulations in place. I thought I recently read that they where only allowing 1 per owner in West Palm?
0 Reply
Jason Luongo
OP
Investor · Lake Worth, FL · Member since 2015 · 107 posts · 54 votes
3y
Quote from @Shawn W.:

How is the West Palm Market. Are there current regulations or proposed regulations in place. I thought I recently read that they where only allowing 1 per owner in West Palm?

There are no current regulations besides the county taxes.
0 Reply
V.G JasonPro Member
Investor · Member since 2022 · 3k+ posts · 3k+ votes
3y
Very interested in this market, but may be past my price range for a STR.
0 Reply
Adrian Lemus
Contractor · Miami, FL · Member since 2020 · 146 posts · 50 votes
3y
WPB is great and Investor Friendly! As a contractor I love it there because of the customer service
1 Reply
Jason Luongo
OP
Investor · Lake Worth, FL · Member since 2015 · 107 posts · 54 votes
3y
Quote from @V.G Jason:

Very interested in this market, but may be past my price range for a STR.

Typical properties we are looking at are around 400k. What is your price range?
0 Reply
Jason Luongo
OP
Investor · Lake Worth, FL · Member since 2015 · 107 posts · 54 votes
3y
Quote from @Adrian Lemus:

WPB is great and Investor Friendly! As a contractor I love it there because of the customer service

We should definitely connect. I could always use a good contractor.
0 Reply
Adrian Lemus
Contractor · Miami, FL · Member since 2020 · 146 posts · 50 votes
3y
Quote from @Jason Luongo:

Quote from @Adrian Lemus:

WPB is great and Investor Friendly! As a contractor I love it there because of the customer service

We should definitely connect. I could always use a good contractor.

Would love to see what new challenges you could give me!
0 Reply
V.G JasonPro Member
Investor · Member since 2022 · 3k+ posts · 3k+ votes
3y
Quote from @Jason Luongo:

Quote from @V.G Jason:

Very interested in this market, but may be past my price range for a STR.

Typical properties we are looking at are around 400k. What is your price range?

400k would work. I was being told bring a mili to the table for STRs, or stay out. A mili is okay when I'm established, but I only got so many bullets to shoot first.

And it looks like this thread has provided a lot of references to local help. So budget + team is what is stopping me, but 400k is very doable.
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Andrew SteffensBusiness Member
Tampa, FL · Member since 2022 · 3k+ posts · 3k+ votes
3y
We are based in Tampa/Saint Pete but have just expanded into Naples and now South Miami - would love to start working my way back up North ASAP!
[email protected]813-563-0877
Vacation Rentals of Florida53 Reviews
Website View Page
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Brian Garrett
Real Estate Investor · Palm Beach County, FL · Member since 2017 · 3k+ posts · 2k+ votes
3y
Just to be clear for everyone interested in this market there are only a handful of areas in PBC that allow STR. Majority of communities (both SFH and condos) have HOA's which prevent it. Still some great opportunities in pocket areas and specific condos but it's definitely not just a free-for-all around here. Hope that helps!
1 Reply
Jason Luongo
OP
Investor · Lake Worth, FL · Member since 2015 · 107 posts · 54 votes
3y
Quote from @Andrew Steffens:

We are based in Tampa/Saint Pete but have just expanded into Naples and now South Miami - would love to start working my way back up North ASAP!

Let’s connect, I would be happy to help in any way I can.
0 Reply
Jason Luongo
OP
Investor · Lake Worth, FL · Member since 2015 · 107 posts · 54 votes
3y
Quote from @V.G Jason:

Quote from @Jason Luongo:

Quote from @V.G Jason:

Very interested in this market, but may be past my price range for a STR.

Typical properties we are looking at are around 400k. What is your price range?

400k would work. I was being told bring a mili to the table for STRs, or stay out. A mili is okay when I'm established, but I only got so many bullets to shoot first.

And it looks like this thread has provided a lot of references to local help. So budget + team is what is stopping me, but 400k is very doable.

Let me know if I can help you out. I'm always looking to partner up with other investors. Whether we partnered on a deal or if you need a property manager/co-host. Ill send you a request
1 Reply
Jason Luongo
OP
Investor · Lake Worth, FL · Member since 2015 · 107 posts · 54 votes
3y
Quote from @Brian Garrett:

Just to be clear for everyone interested in this market there are only a handful of areas in PBC that allow STR. Majority of communities (both SFH and condos) have HOA's which prevent it. Still some great opportunities in pocket areas and specific condos but it's definitely not just a free-for-all around here. Hope that helps!

Brian is correct. We only invest in non-HOA single-family homes. Some non-HOA neighborhoods can be sketchy/not ideal for short-term rentals. We have found a few pockets of nice areas with no HOA that are still priced reasonable. Thats definitely the key.
1 Reply
V.G JasonPro Member
Investor · Member since 2022 · 3k+ posts · 3k+ votes
3y
No HOA is a huge help. Question is what are STR rules in WPB, like how restrictive are they?
I'd be looking for property management, if I do go this route, not looking to partner.
0 Reply
Tyler Solomon
Lender · Austin, TX · Member since 2022 · 223 posts · 244 votes
3y
Jason, I work out in the west palm beach area all the time! Happy to connect!
0 Reply
Shawn W.
Rental Property Investor · Morehead City, NC · Member since 2014 · 14 posts · 1 vote
3y
It sounds like SFH is the target in this area and that Condos would not work due to HOA by-laws. Be very interested to connect with those of you who have feet on the ground in this area to discuss where I should be looking. Interested SFH's near or on the water or at the least with a pool.
0 Reply
V.G JasonPro Member
Investor · Member since 2022 · 3k+ posts · 3k+ votes
3y
Quote from @Tyler Solomon:

Jason, I work out in the west palm beach area all the time! Happy to connect!

Definitely, I'm still a bit aways from investing. Need to see my tax bill before I commit. That process is always my hurdle, early Spring is my timeline.
2 Reply
Pratik Salanke
Rental Property Investor · Pleasanton, CA · Member since 2021 · 5 posts · 1 vote
3y
@Jason Luongo- I'd love to get your insights on this market. Just sent you a connection request.
0 Reply
Jason Luongo
OP
Investor · Lake Worth, FL · Member since 2015 · 107 posts · 54 votes
3y
Quote from @Shawn W.:

It sounds like SFH is the target in this area and that Condos would not work due to HOA by-laws. Be very interested to connect with those of you who have feet on the ground in this area to discuss where I should be looking. Interested SFH's near or on the water or at the least with a pool.

Hey Shawn, I would be happy to help out and provide value in any way I can. Send me a colleague request and lets connect!
0 Reply
Ami Green
Member since 2019 · 6 posts · 0 votes
3y
Hi,
looking for investor friendly Realtor for West palm beach,
Brrrr strategy for airbnb/STR.

Does anyone have experience working with someone,
Thank you
0 Reply
Todd BaileyPro Member
Rental Property Investor · Ballston Spa, NY · Member since 2018 · 15 posts · 2 votes
2y
Quote from @Ami Green:

Hi,
looking for investor friendly Realtor for West palm beach,
Brrrr strategy for airbnb/STR.

Does anyone have experience working with someone,
Thank you

Ami, did you get any leads?
0 Reply
V.G JasonPro Member
Investor · Member since 2022 · 3k+ posts · 3k+ votes
2y
Go to WPB and do the diligence yourself. Your interest in it, your goals, your objectives will find the people to marry yourself with to get deals done. Don't get committed to anybody, but the objective. I have WPB properties and use diff people for each time, don't seek this core 4 ******** that's promoted. You're not committed to nothing but your success.
Investor-friendly agent is 1 in a 1000.
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