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Updated over 1 year ago on . Most recent reply

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Andrew Steffens
#3 Short-Term & Vacation Rental Discussions Contributor
  • Tampa, FL
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Any experience including Golf Carts?

Andrew Steffens
#3 Short-Term & Vacation Rental Discussions Contributor
  • Tampa, FL
Posted

Good afternoon!

I have a client closing on a $2M+ waterfront property in a golf cart friendly community.  Does anyone have experience renting one with their units?  He is concerned with liability.  Thank you!

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Vacation Rentals of Florida
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Annie Seurer
  • Investor
  • West Palm Beach, FL
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Annie Seurer
  • Investor
  • West Palm Beach, FL
Replied
Quote from @Andrew Steffens:
Quote from @Annie Seurer:
Quote from @Andrew Steffens:

Good afternoon!

I have a client closing on a $2M+ waterfront property in a golf cart friendly community.  Does anyone have experience renting one with their units?  He is concerned with liability.  Thank you!


We had one in the Pandhandle, but it was street legal. We actually leased from a vendor and offered as ancillary revenue to Guests. Guests had to sign an extensive waiver before arrival. We had rules posted everywhere and there were definitely still issues. Expect calls often - it was nice with the lease as the company handled maintenance and issues 24/7, and it was definitely needed. We looked into purchasing the carts ourselves but insurance was difficult if you didn't have a fleet and general did not cover. 

I'm guessing if it's not street legal, it's likely much easier to get insurance, etc. 


 Thanks Annie!  Yes it is street legal but the owner lives in NJ and it will have to be registered and insured in FL so it is a headache


 I don't think we would have done it without the vendor servicing it, taking calls 24/7, and handling insurance. Another option would be to partner with a local vendor - we did that a lot and would make 10% commission. 

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