Florida's Vacancy Rates

[Alex Bekeza]

Hello All,

My partner and I have been starting to analyze some potential BRRRR deals in Florida but I'm having a hard time getting over the fact that most of its major cities are literally in a league of their own in terms of vacancy rates.

https://www.lendingtree.com/home/mortgage/highest-vacancy-rates/

Do any active Florida BRRRR or Flip investors have any practical, market specific advice for securing long term tenants/homebuyers?  (1-4 units)

Short Term Rental Investors feel free to weigh in too....... 

We'll be buying all cash and refi out @ 6 mos

Please keep generalized theory about attracting tenants/buyers out of this thread as I'd like to try and keep this thread hyper specific and useful for investors in Miami, Orlando, Jacksonville, and Tampa. 

I've brokered a few loans in the state but they were either 5 + multifamily or beach front rentals that don't really represent what I'm looking for. 

[Mitchell Jaworski]

The good part about South Florida is there is so much rental demand there isn't much advice needed.  All my FL properties are a little north of Miami in Palm Beach County.  I just make them look nice (and I don't mean over improving them) and list them myself on Zillow, etc and have a tenant lined up in less than a month every time.

On the flipside I haven't bought anything new in FL for a couple years now and have been investing out of state as it is very difficult to find cash flowing properties here.  If you are able to find some that is awesome, renting them should not be an issue.