Short / Mid-Term Rental Investor In Broward And PB County

Member since 2021 · 2 posts · 3 votes

Hello Guys n Gals,

JohnCat Here. I have been in the short/mid-term rental market for ~ 17 years. I have a few properties and am looking at scaling up. I am looking for a more properties in PB and Broward County for Arbitrage / Co-hosting Listings, and fully furnished properties near the ocean and hospital areas.

I have been steering my business more into the Mid-term rental market. I have been doing pretty well in this area.

Has anyone in this area found their midterm rental business doing well also? I have heard that the short-term rentals have slowed quite a bit? Anyone having the same issues?

JohnCat

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Joseph Chiofalo

Banker · Henderson, NV · Member since 2023 · 317 posts · 74 votes

Hi Anthony, thanks for the intro.

JohnCat, hope all is well. Like Anthony mentioned, Ive been servicing the south Florida market for the past 20 years in real estate and mortgage banking. My primary business is mortgage lending, but specialize in investment and vacation properties.

The majority of the buyers I work with today are investors. Debt service loans for investment properties are becoming more attractive and performing better now with interest rates coming down.

Here are examples of two properties that could meet your criteria.

1. 3405 Barton Rd, Pompano Beach, FL 33062

2. 505 N Ocean Blvd, Pompano Beach, FL 33062

Feel free to call me direct with any questions at 954.480.7478

Have a great day!

Joseph Chiofalo

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AJ WongBusiness Member
Real Estate Broker · Oregon & California Coast · Member since 2022 · 834 posts · 696 votes
2y
Quote from @John Catanzaro Cat:

Hello Guys n Gals,
JohnCat Here. I have been in the short/mid-term rental market for ~ 17 years. I have a few properties and am looking at scaling up. I am looking for a more properties in PB and Broward County for Arbitrage / Co-hosting Listings, and fully furnished properties near the ocean and hospital areas.
I have been steering my business more into the Mid-term rental market. I have been doing pretty well in this area.
Has anyone in this area found their midterm rental business doing well also? I have heard that the short-term rentals have slowed quite a bit? Anyone having the same issues?
JohnCat

HI JohnCat,

I'm from Broward and still work closely there with many Realtors and friends in the space. I might have a referral for you to an off market TriPlex eligible for both MTR and STR. I have several friends with Ft Lauderdale STR's and they have seen a slow down for sure. Luxury STR's are less effected but Mid Term in the Tri County area have been popular since prices and rents have increased so dramatically on the East Sides of town, making furnished long term rentals very active. I have an investor friend with an oceanfront town home in Pompano Beach and he consistently rents his space each season for $8-9k per month all paid upfront for 4-6 months. If you want to speak to a local RE Broker @Joseph Chiofalo and I have worked together for over 20 years.
Side note: Luxury rentals on the most opposite side of the country on the Oregon Coast have not seen a drop off in income production due to greater barriers to entry of STR permits.

541-800-0455
Sesemi | STR Brokers powered by Fathom Realty 516 Reviews
Website View Page
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Joseph Chiofalo
Banker · Henderson, NV · Member since 2023 · 317 posts · 74 votes
2y
Hi Anthony, thanks for the intro.
JohnCat, hope all is well. Like Anthony mentioned, Ive been servicing the south Florida market for the past 20 years in real estate and mortgage banking. My primary business is mortgage lending, but specialize in investment and vacation properties.
The majority of the buyers I work with today are investors. Debt service loans for investment properties are becoming more attractive and performing better now with interest rates coming down.
Here are examples of two properties that could meet your criteria.
1. 3405 Barton Rd, Pompano Beach, FL 33062
2. 505 N Ocean Blvd, Pompano Beach, FL 33062
Feel free to call me direct with any questions at 954.480.7478
Have a great day!
Joseph Chiofalo
1 Reply
Adam Schooley
Real Estate Agent · Fort Lauderdale, FL · Member since 2015 · 175 posts · 79 votes
2y
@John Catanzaro Cat I’m in Broward county doing mid term rentals. I’m newer to the mid term rental space but have been a landlord for many years here. I started at the end of Sept 2023. I booked Nov-Dec of 2023 and I’m currently booked from Jan through the end of June. 8 months booked with about 12 days of vacancy in that time. I’m currently remodeling a triplex in Ft Lauderdale and will also do mid term rentals with that property also. It’s been a great experience so far.
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Adam Schooley
Real Estate Agent · Fort Lauderdale, FL · Member since 2015 · 175 posts · 79 votes
2y
@AJ Wong I’d be interested in that off market triplex if the numbers work. I’m an end buyer and don’t take commissions on the buyer side. Let me know.
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Kevin Kohler
Real Estate Broker | Investor | Property Manager · Plantation, FL · Member since 2015 · 228 posts · 68 votes
2y
Quote from @John Catanzaro Cat:

Hello Guys n Gals,
JohnCat Here. I have been in the short/mid-term rental market for ~ 17 years. I have a few properties and am looking at scaling up. I am looking for a more properties in PB and Broward County for Arbitrage / Co-hosting Listings, and fully furnished properties near the ocean and hospital areas.
I have been steering my business more into the Mid-term rental market. I have been doing pretty well in this area.
Has anyone in this area found their midterm rental business doing well also? I have heard that the short-term rentals have slowed quite a bit? Anyone having the same issues?
JohnCat

Happy to help. My team and I do Investments and commercial assets only and I have had a good track record assisting in PB county and Broward for STR eligible properties. There are some out there I have seen as I have been getting some other LTR stuff pended for other clients and just got a 4plex in Miami for myself and a JV partner. Naturally while I search for stuff that meets LTR I stumble into the STR possibilities as well.
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