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Updated 25 days ago on . Most recent reply

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Ramsey Doumani
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3 leases with 30 days minimum condo, Is it a good fit?

Ramsey Doumani
Posted

is it a good option to buy a condo with 3 leases/ 30 days minimum for investment. planning to rent it out for snowbirds or lease rooms for travel nurses in season. Also, I am not sure if an extension of a lease is considered a new lease or not. For instance if I have a travel nurse who extended the contract and extended the stay is it the same lease? . If no, is there a way to go around it . During the off season, I will try to rent it out from June to November for travel nurses ( summer and fall). I am only looking for medium term rentals. 3 months at a time. I am not finding a condo that is not in a flood zone in fort myers and has no restriction for rentals. Any suggestions about rental investement areas/condos would be much appreciated . Thank you!

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