I want to buy a SFH as a 1031 exchange in Pinellas county. I was told that Bellair does not allow any rental shorter than 7 months. Any city that will allow shorter leases? I am ok with minimum 30 days and occasional shorter rentals, as i would want to use the property myself part of the year. I am from out of state
Realtor · PInellas County Largo, FL · Member since 2016 · 902 posts · 810 votes
5y
You are correct that Belleair does not allow anything less than 7 months. I have seen the best returns in Largo and unincorporated Pinellas county areas of Seminole and St Pete. Clearwater and St Pete allow minimum 30 days.
Realtor · PInellas County Largo, FL · Member since 2016 · 902 posts · 810 votes
5y
You are correct that Belleair does not allow anything less than 7 months. I have seen the best returns in Largo and unincorporated Pinellas county areas of Seminole and St Pete. Clearwater and St Pete allow minimum 30 days.
Qualified Intermediary for 1031 Exchanges · St. Petersburg, FL · Member since 2013 · 9k+ posts · 9k+ votes
5y
@Ylan Tran, @Dan Maciejewski hit it on the head. Each community treats is different but most cities allow the 30 day minimum. However, there's a whole bunch of beach communities like St. Pete Beach, Madeira, The Redingtons, and Indian Shores/Indian Rocks Beach where the minimum term of rental can vary from block to block within the same community. I'll bet Dan can wade through that with you.
@Ylan Tran, @Dan Maciejewski hit it on the head. Each community treats is different but most cities allow the 30 day minimum. However, there's a whole bunch of beach communities like St. Pete Beach, Madeira, The Redingtons, and Indian Shores/Indian Rocks Beach where the minimum term of rental can vary from block to block within the same community. I'll bet Dan can wade through that with you.
I sure can! It can be frustrating sometimes. I'm always here to answer questions.
p.s. I just closed a 1031 that Dave was the QI for. Ezelle for Pointsource!