All Forum Posts by: Luke Rorech

Hey @Brandon Fischer. St. Pete is technically a 30 day minimum but they allow three stays less than 30 days per trailing 12 months. A LOT of people continue to do nightly as St. Pete isn't super strict on STR's but all it takes is one too many neighbor complains and then you'll have to pivot. Of course that time never comes for a lot of people but that risk/reward is up to you.

@Marc S. Tampa is on fire but I'm also looking into Ocala quite a bit myself. Ocala will only continue to grow as more people move into Fl and are looking for affordable places to put down roots. 

@Chad McMahan, I used AirDnA & Rabbu high level and then will dive into the numbers more once I've identified a property. Would you mind sharing a bit of your process when searching for STR's on clients behalf? Thanks.

@Edward Moore I have a list of all areas that allow nightly. Feel free to reach out.

Tampa Bay should be on everyone's radar for a number of reasons. On top of Florida being a landlord friendly state, there's also a lot of demand to move into this area moving forward. 

-  Tampa - St. Petersburg was one of only three metro's that posted year over year rental increase of at least 30%. Realtor.com found the average rent in Tampa now stands at $2,114. 

- Zillow projects Tampa to be 2022's hottest market.  

- The Urban Land Institute ranks Tampa/St. Petersburg a top 5 market in 2022. 

- A number of tech companies are relocating into the Tampa Bay area led by Cathie Wood and Arc Invest. 

 Solid point. I’ll look into that. Thanks. 

I've called Tampa's zoning department and Tampa is technically a 7 day minimum, just like Hillsborough County. Unlike Hills. County though, it's not enforced. @Kristina Kuba, please correct me if I'm wrong? 

Hi @John Dersoe my personal preference is buying a single family home with the intention of using it as a short term rental. Best chance of being cash flow positive while holding an appreciating asset on a 30 year fixed. Just make sure you, or your agent, are clear on the rules and regulations in the area. 

Hi @Laura Hildreth I focus on helping clients analyze and acquire properties to utilize as short term rentals in the Tampa Bay area. If that's an area of interest, please feel free to reach out. 

@Danielle Du Plooy All of Tampa Bay offers fantastic STR opportunities. As others have mentioned though, there's different rules and regulations depending on the municipality.

Unincorporated Pinellas has no restrictions against STR (areas such as Palm Harbor, Crystal Beach, and parts of Seminole). Actual municipalities such as Largo & Indian Rocks Beach allow it. Then finally, certain municipalities have specific zoning areas that allow it and others that don't..... Unfortunately, even after all that, there's still more. St. Pete for example has a 30 day minimum however, you're allowed 3 under 30 day stays per trailing 12 months.

 It can be a handful but just make sure you work with an agent who knows the local regulations and if they aren't sure, will tell you so and then go find out the answer. Because at the end of the day, it's your investment property and you will be the one responsible if the property is in the wrong area.