Fort Lauderdale Airbnb investing

Short-Term & Vacation Rental Discussions
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Fort Lauderdale Airbnb investing

Martina Jedlicka
Member since 2020 · 7 posts · 4 votes

Hi Everyone,

What are your thoughts about Fort Lauderdale short term rentals, Airbnb vs traditional rent. Looking to invest with my husband in Fort Lauderdale. Looking at small condos around 150-250k and rent it. Is Fort Lauderdale good area for Airbnb short rentals? Would you recommend condo or  multi unit home for the best cash flow. 

Found this deal, would love to get anyones opinion. We live in Fort Lauderdale and would like to focus on our back yard with our first investment. Is Fort Lauderdale overall a good market.

Any advice, opinion is very much appreciated. 

Martina Jed

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Aly W.
Investor · Middletown, NJ · Member since 2008 · 2k+ posts · 1k+ votes
6y

My husband and I have long term condo rentals in Ft. Lauderdale, and we live in NJ. None of our condo associations allow STRs - the minimum rental period is 6 months, and has been that way for the 10 years we've been investing there.

That is not to say that it doesn't go on. But we do not want to test the waters with it. And Ft. Lauderdale multi families are hard to come by in areas that vacationers would want. Hollywood has a lot of them, but the prices went crazy about 5 years ago.

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  • Demarcus Crump
    Financial Advisor · Atlanta, GA · Member since 2020 · 97 posts · 24 votes
    6y

    @Martina Jedlicka what site did you use for that picture?

    0Reply
  • Martina Jedlicka
    OP
    Member since 2020 · 7 posts · 4 votes
    6y

    @demarcus Crump mashvisor.com

    0Reply
  • Donovan Daley
    Broward County · Member since 2018 · 7 posts · 1 vote
    6y

    I wouldnt consider a condo because most of them have an association and they wont allow you to do it. I have 7 properties in Fort Lauderdale doing short term rental. A single family or multi family is a much better options. You will also need to register with the city.

    0Reply
  • Aly W.
    Investor · Middletown, NJ · Member since 2008 · 2k+ posts · 1k+ votes
    6y

    My husband and I have long term condo rentals in Ft. Lauderdale, and we live in NJ. None of our condo associations allow STRs - the minimum rental period is 6 months, and has been that way for the 10 years we've been investing there.

    That is not to say that it doesn't go on. But we do not want to test the waters with it. And Ft. Lauderdale multi families are hard to come by in areas that vacationers would want. Hollywood has a lot of them, but the prices went crazy about 5 years ago.

    1Reply
  • Denis Collage
    Realtor · Fort Lauderdale, FL · Member since 2012 · 7 posts · 1 vote
    6y

    Condos are a no go as almost all have rental restrictions.  You are much better off focusing on multi-family or single family for a vaca rental and you would need to up your price considerably.  Vacation rentals can be very profitable here but it's also very competitive so you need to have a great product and really know how to maximize your rental listings.  Anything in a neighborhood that will have the most desirability for vacationers and opportunity for solid income is mid to high $300's and up.  The lower end will most likely be a fixer.  Hope this helps...

    0Reply
  • Martina Jedlicka
    OP
    Member since 2020 · 7 posts · 4 votes
    6y

    Thank you guys, all of this is helpful. Appreciate your time. Denis, Aly and Donovan.

    1Reply
  • Denis Collage
    Realtor · Fort Lauderdale, FL · Member since 2012 · 7 posts · 1 vote
    6y

    You're welcome! Full time Realtor that has done investing and I work with a lot of investors.  Finding them deals and selling the completed flips with my 72-hour home selling program.  Let me know how I can help you further.

    0Reply
  • Aly W.
    Investor · Middletown, NJ · Member since 2008 · 2k+ posts · 1k+ votes
    6y

    Thanks as well! I'm hoping to learn more about STRs in that area here. We rented an AirBnB a few years ago in Hollywood that the owner bought at the bottom of the crash. That's when we bought our LTRs. What he paid for that 1 bedroom condo across from the beach makes you want to cry now :) 

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