Ormond/Daytona Beach STR

[Quinn Stewart]

I am moving to Ormond Beach in a few months and looking into getting my first STR property. I was curious if any BP investor has experience with STRs in the Daytona Beach/Ormond Beach area? Daytona Beach does not seem like a popular city when investors talk about STRs.

According to airDNA, the occupancy rate is 74% in Daytona Beach and 76% in Ormond Beach. The barrier to entry to buy a home is low, and has been low for awhile. However, I was curious if anybody had thoughts on investing in a STR there or looking at other places in Florida.

[Tyler Gibson]

Quote from @Quinn Stewart:

I am moving to Ormond Beach in a few months and looking into getting my first STR property. I was curious if any BP investor has experience with STRs in the Daytona Beach/Ormond Beach area? Daytona Beach does not seem like a popular city when investors talk about STRs.

According to airDNA, the occupancy rate is 74% in Daytona Beach and 76% in Ormond Beach. The barrier to entry to buy a home is low, and has been low for awhile. However, I was curious if anybody had thoughts on investing in a STR there or looking at other places in Florida.

Volusia County has stringent regulations about STR. There are tiny zoning areas that allow it. Essentially the property has to be on the east side of A1A (oceanfront) or in the Daytona Beach Tourist district (small area). So you can choose a multi-million dollar House on the Beach (probably won't cash flow) or a Condo. When selecting a condo, you have to be sure that it is zoned properly and that the HOA rules allow for less than 7-day rentals.

I own a Condo in Ormond Beach.