Fort Lauderdale home insurance

1 Reply

I’m about to put an offer in for a waterfront single home in Fort Lauderdale and got an estimate of 6k per year for home insurance, not IncludIng flood insurance. It blew my mind! I want to turn this house into a STR but between property tax, estimate at 12k, and insurance, at 6k, without flood, which is required in FLORIDA, I don’t know how STR can make any money. Any insights would be greatly appreciated.