Looking to expand our STR portfolio in Florida

Most Popular Reply

Raymond J. RodriguesBusiness Member
Lender · Miami, FL · Member since 2017 · 1k+ posts · 797 votes
2y

@Spring Goldman, as David mentioned above, Tampa Bay area is a good place for STR's right now. If you are looking to connect with an investor/investor focused realtor in the area, reach out to @Josh Green. He's helped a few of my clients with their STR needs. 

[email protected]619-456-8311
Helm Mortgage Corp.5125 Reviews
WebsiteView Page
1Reply
See this reply in the discussion

12 Replies

Jump to latestLatest
  • David Ramirez
    Investor · Tampa, FL · Member since 2019 · 1k+ posts · 1k+ votes
    2y

    Bradenton and Largo allow short-term rentals and are both great vacation spots due to their proximity to beautiful beaches.

    0Reply
  • Raymond J. RodriguesBusiness Member
    Lender · Miami, FL · Member since 2017 · 1k+ posts · 797 votes
    2y

    @Spring Goldman, as David mentioned above, Tampa Bay area is a good place for STR's right now. If you are looking to connect with an investor/investor focused realtor in the area, reach out to @Josh Green. He's helped a few of my clients with their STR needs. 

    [email protected]619-456-8311
    Helm Mortgage Corp.5125 Reviews
    WebsiteView Page
    1Reply
  • Kendra Star
    Member since 2021 · 6 posts · 2 votes
    2y

    We are considering selling our STR in Largo.
    let me know if you are looking and I can send you pics etc

    0Reply
  • Zach Edelman
    Lender · New York, NY · Member since 2022 · 1k+ posts · 1k+ votes
    2y

    Oakland Park, FL has some great inventory. 

    1Reply
  • Raymond J. RodriguesBusiness Member
    Lender · Miami, FL · Member since 2017 · 1k+ posts · 797 votes
    2y

    @Kendra Star, please send me some info on it. I am interested 

    [email protected]619-456-8311
    Helm Mortgage Corp.5125 Reviews
    WebsiteView Page
    0Reply
  • Andrew SteffensBusiness Member
    Tampa, FL · Member since 2022 · 3k+ posts · 3k+ votes
    2y

    The Tampa area is great because there are more than just 1 draw to the area.  The Gulf Beaches, Pro Sports, Business, Concerts, and other attractions makes it attractive to a myriad of guests!

    [email protected]813-563-0877
    Vacation Rentals of Florida53 Reviews
    WebsiteView Page
    0Reply
  • Shawn McCormickPro Member
    Realtor · Central Florida-Orlando · Member since 2014 · 1k+ posts · 892 votes
    2y

    @Spring Goldman Welcome to BP and the forums. I would be happy to connect with you and tell you all about Orlando and why so many do well here. It is a huge market, but still room to stand out and cash flow if you are willing to run it like a business. 

    You can check my profile to schedule a call if you like, I've helped dozens of BP members purchase here. I can't speak to other Florida markets, but let me know if I can help.

    Best of Luck!

    0Reply
  • Bob Lett
    Rockford, MI · Member since 2018 · 97 posts · 26 votes
    2y
    Quote from @Spring Goldman:

    We are looking to expand our STR portfolio in FL, any advice on areas that have good CF?


     What is your budget and what size property are you looking for? Every market is different. Some areas you can do well with a 2/2 (2 bed/2 bath) other areas may have a lot of inventory in 2 and 3 bedroom and you may need to step up to a 4 or 5 bedroom. Defining your budget and goals first will then allow you to narrow down your search by city.

    1Reply
  • Sarah KensingerPro Member
    Real Estate Consultant · OH · Member since 2023 · 2k+ posts · 1k+ votes
    2y

    Tampa is one area, and you should connect with @Andrew Steffens who operates there. Destin to 30A is pretty good as well, specifically Miramar Beach. I also have a realtor there I can connect you with!

    [email protected]330-557-3021
    1Reply
  • Andrew SteffensBusiness Member
    Tampa, FL · Member since 2022 · 3k+ posts · 3k+ votes
    2y
    Quote from @Sarah Kensinger:

    Tampa is one area, and you should connect with @Andrew Steffens who operates there. Destin to 30A is pretty good as well, specifically Miramar Beach. I also have a realtor there I can connect you with!


     Thanks Sarah!

    [email protected]813-563-0877
    Vacation Rentals of Florida53 Reviews
    WebsiteView Page
    1Reply
  • Villy Ellinger
    Real Estate Agent · Fort Walton Beach, FL · Member since 2018 · 219 posts · 275 votes
    2y

    My STRs are on the Emerald Coast / FL Panhandle. I'm probably going to buy another one this year. I like Fort Walton Beach / Okaloosa Island and Navarre Beach as cashflow options. I also like the small units in the Sandestin Resort (that is what I'm looking into purchasing next). Destin and 30A is very difficult to cashflow with the current prices. Miramar Beach is nice, but you have to be pretty diligent in crunching the numbers. The demand and rental $$ is there. It's just a matter of finding reasonably priced options that others have not gotten to yet.

    Pensacola Beach has great rental potential and demand, but options are limited and prices are high. Still, I like that better than Destin or 30A for cashflow.

    PCB prices have come down, so if you are looking a bit longer term, that may be a great option. Demand there has decreased, not because there are less people going, but because that market got oversaturated by STR investors. Many who bought at the top of the market without clear understanding of the STR business model, are now selling off and will be exiting the STR market altogether. So hopefully the oversaturation in PCB will go away in a year or two. But immediate cashflow may not be as easy to achieve there right now, unless you self manage and do some great marketing.

    I like the Panhandle because it is probably the closest DRIVABLE beach area for many in the southern and central states. So that assures that we have vacationer demand. Unlike Orlando (also oversaturated I hear) the beach has a universal and almost year-round appeal. It is a bit easier for me, because I'm a Realtor and also sell here, so I look a property all the time and can buy for myself. But even if you're not a real estate professional, you can still find some good options here.

    0Reply
  • Spring GoldmanPro Member
    OP
    Member since 2022 · 2 posts · 1 vote
    2y

    @Kendra Star yes please send me the pictures! Thank you 

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free