Helping a Friend – Considering a Mixed Rental Strategy in Port Charlotte to Overcome.

[Ofir Anidjar]

Hey everyone,

I’ve been looking into rental strategies for a 3-bed, 2-bath house in Port Charlotte, FL, and wanted to share my research to get your feedback. With the recent market shifts (higher insurance rates, rising inventory, etc.), my friend has been unable to sell the property, but I’m wondering if there’s still a good opportunity to make it profitable.

Here are some options I’ve been considering:

🔹 Long-Term Rental (Unfurnished)

Monthly Rent: $1,900 – $2,500

Reliable income with minimal effort, but lower return compared to other strategies.

🔹 Long-Term Rental (Furnished)

Monthly Rent: $2,400 – $3,500+

Higher potential return, but requires upfront investment in furnishing the property.

🔹 Short-Term Rental – Entire Furnished House

Monthly Income: $3,000 – $6,000+

Depends on occupancy and seasonality. Potential for good returns, but requires time or a property manager.

🔹 Short-Term Rental – Rent by Room

Income per Room: $800 – $1,800+ per month.

Total Income (3 Rooms): $2,400 – $5,400+

Potential for higher income, but requires more active management.

Given the seasonal nature of Port Charlotte, I’m leaning toward a mixed strategy—renting private rooms during the high season and the entire house during the down season. This approach could help maximize occupancy and returns year-round, depending on market fluctuations.

What do you think of this approach? Does it make sense for Port Charlotte, or would you take a different route? Any experiences with similar strategies in a seasonal market?

Looking forward to hearing your thoughts!

[Ofir Anidjar]

Quote from @Drago Stanimirovic:

Ofir, you're on point, Port Charlotte's seasonality makes a mixed strategy smart. Rent-by-room in peak season and full-home STR in the off-season can balance cash flow and occupancy. Just be sure local zoning allows it and factor in rising insurance costs. If your friend holds, DSCR refi based on rental income could be a strong exit later.

 thanks yes i asked him to check with his insurance on the cost that he can expect and licnsing is possible i  that area cot around $1,400 i appriciate your input.