Short Term Rental Crackdown

[Chuck Masters]

One of my strategies is short term rentals in central Florida. I am looking to purchase my second property in the Clermont FL area soon. The first property is rented out to my daughter and some friends who all work at Disney World. While searching for this property I looked at a house that was a short term rental and I liked the idea so I started researching this market. One day when I get out of the 9-5 job I wish to be a snow bird so having rentals in Maryland and Florida is part of my plan. Anyways last night I came across an article where some counties in central Florida are cracking down on short term rentals in certain neighborhoods because of complaints from the full time residents in their communities. What do others know about this crackdown and is this something to be worried about.

[John Thedford]

Florida passed laws stopping towns from banning vacation rentals. A HOA or condo assn could have that in place, but new laws being passed by city governments stopping vacation rentals won't happen unless the legislature goes back and amends the law they now have on the books. Laws on the books prior to the state law are still in place in certain areas banning vacation rentals.