Hey BP nation,
As you know short term rentals are incredibly popular now but are also very controversial and hard to find clarity since most research just leads to proposed laws or lengthy legal mumbo jumbo.
I was hoping a Realtor in the area can clarify what the current laws are as of now in these parts of central Florida
or a site that clearly states the laws as of now.
-North Redington Beach
-St. Pete beach
Talk to bylaw enforcement at the local municipal offices.
I will also be following this post to see if anyone has a complete summary.
What I know is both the County (Pinellas) and State (see link) are generally PRO Airbnb and Automatically pays county and state taxes on booking. Most of the towns are just looking the other way and not enforcing local ordinance. However it is still a very gray area. My recommendation for anyone looking at this option is to make sure the numbers work as a regular rental property and then if your able to increase your return with AirBnB consider it a bonus.
I second what Phil says. Airbnb market is hot, but is new... things can change. Make sure the numbers work on short-term rentals + annual leases.
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing