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User Stats

54
Posts
17
Votes
Terry Landon
  • Rental Property Investor
17
Votes |
54
Posts

Air BnB friendly cities in SE FL?

Terry Landon
  • Rental Property Investor
Posted

Broward, Miami Dade, Palm Beach, etc.

What are cities with policies that allow AirBnB?

User Stats

55
Posts
27
Votes
Clay Asplundh
Agent
  • Realtor
  • West Palm Beach, FL
27
Votes |
55
Posts
Clay Asplundh
Agent
  • Realtor
  • West Palm Beach, FL
Replied

Many cities have rules and regulations against STRs but they choose not to enforce them because they were grandfathered in and serve the towns no benefit ($). Delray and Lake Worth both fall under this bucket. The state government banned cities about a decade ago from making any new restrictions against STRs. I cannot speak to Miami Dade or Broward Counties, but West Palm Beach allows short term rentals and feel free to reach out to me for more details.

User Stats

155
Posts
57
Votes
Austin Drew
  • Rental Property Investor
  • West Palm Beach, FL
57
Votes |
155
Posts
Austin Drew
  • Rental Property Investor
  • West Palm Beach, FL
Replied

I 2nd Palm beach county over Broward and Dade county 

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User Stats

12,033
Posts
14,401
Votes
John Underwood
Pro Member
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
14,401
Votes |
12,033
Posts
John Underwood
Pro Member
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

Airbnb is just a listing platform. You mean STR to list on Airbnb.

  • John Underwood
  • User Stats

    1,266
    Posts
    746
    Votes
    Brooklyn McCarty
    Pro Member
    • Investor
    746
    Votes |
    1,266
    Posts
    Brooklyn McCarty
    Pro Member
    • Investor
    Replied

    Be careful with metro markets like this 

  • Brooklyn McCarty
  • User Stats

    24
    Posts
    23
    Votes
    Dominick Galinis
    • Real Estate Agent
    • Fort Lauderdale, FL
    23
    Votes |
    24
    Posts
    Dominick Galinis
    • Real Estate Agent
    • Fort Lauderdale, FL
    Replied

    So, as of right now there's nothing being actively banned. However, there are regulations that are in place that are being enforced. Also, inspectors for STR properties in certain areas are taking a bit to get done. So I'd keep that in mind as well

    User Stats

    7,599
    Posts
    6,108
    Votes
    Michael Baum
    Pro Member
    #2 Short-Term & Vacation Rental Discussions Contributor
    • Olympia, WA
    6,108
    Votes |
    7,599
    Posts
    Michael Baum
    Pro Member
    #2 Short-Term & Vacation Rental Discussions Contributor
    • Olympia, WA
    Replied

    Why take the chance in an area that could clamp down and leave you holding the bag?

    User Stats

    228
    Posts
    68
    Votes
    Kevin Kohler
    • Real Estate Broker | Investor | Property Manager
    • Plantation, FL
    68
    Votes |
    228
    Posts
    Kevin Kohler
    • Real Estate Broker | Investor | Property Manager
    • Plantation, FL
    Replied

    Each municipality has its own requirements.  Dade is the most tricky and that is why many of the new condo towers being built are being built and marketed as "airbnb friendly."  After underwriting a lot of properties across FL, I would lean towards PB as well.  margins get tight in the FLL metro.  

    I don't want to get too generalized in the forums and overall there is a lot of difference.  

    User Stats

    1,990
    Posts
    1,529
    Votes
    Andrew Steffens
    Pro Member
    #4 Short-Term & Vacation Rental Discussions Contributor
    • Tampa, FL
    1,529
    Votes |
    1,990
    Posts
    Andrew Steffens
    Pro Member
    #4 Short-Term & Vacation Rental Discussions Contributor
    • Tampa, FL
    Replied

    How are margins in Palm Beach County? Every time I have looked in S Florida the returns do not make sense.  West Coast of FL, specifically Tampa market (including Pinellas Beaches) have sweet spots with no regulation and 12-15% gross returns easily found, with some unicorns going to 20%+

  • Andrew Steffens
  • [email protected]
  • 813-563-0877
  • User Stats

    72
    Posts
    24
    Votes
    Daylen Fiallo
    • Specialist
    • Miami, FL
    24
    Votes |
    72
    Posts
    Daylen Fiallo
    • Specialist
    • Miami, FL
    Replied

    Dade county is great for short term rentals, just be aware that there is alot of competition.

    User Stats

    55
    Posts
    27
    Votes
    Clay Asplundh
    Agent
    • Realtor
    • West Palm Beach, FL
    27
    Votes |
    55
    Posts
    Clay Asplundh
    Agent
    • Realtor
    • West Palm Beach, FL
    Replied
    Quote from @Andrew Steffens:

    How are margins in Palm Beach County? Every time I have looked in S Florida the returns do not make sense.  West Coast of FL, specifically Tampa market (including Pinellas Beaches) have sweet spots with no regulation and 12-15% gross returns easily found, with some unicorns going to 20%+

    The majority of listings don't make sense as short term rentals but looking in the right neighborhoods you can find Cash on Cash returns of 20%+. It takes time though to find the right property, and having the right amenities is definitely critical.