Updated 2 months ago on . Most recent reply
Newbie looking for advice on South Florida market
Hi all! New to the STR business and community here. I'm considering investing in the South Florida beach area market, partly because I live in SoFlo (and want to be close to the property) and because it's an obvious vacation destination. Any advice or experience on what areas specifically are not too saturated and have a better chance of cash flow over the obvious Fort Lauderdale and Miami beach markets? I have my sights set on something that is walkable to the beach but also wondering if I'm missing out on a sub-market that is more inland.
Any advice or insights are welcome. Thanks in advance!
Most Popular Reply
The right short-term rental in South Florida can be a great investment. Closer to the beach is always a plus. Occupancy levels can be really high in the right spots. Just have to find a place that fits your budget. I have a place in Hollywood Beach. Condo with 2 separate apartments. I rent out 1 side long-term and short-term the other side when I'm not using it.