Panama City Beach Florida and STR’s

[Lorraine Patterson]

My BP Community, I'm interested in a single Family home in Panama City Beach Florida, I would purchase it as a STR/Vacation Rental, is anyone familiar or are investing in Panama City Beach, are they Airbnb friendly, do they do well, any permits needed, taxes, etc. ? As much or as little information as anyone could provide would be a significant help, I've done some research not much, but the best advice always seems to come from this community, BTW I'm a newbie, no investments yet, but on the path there......thx

[Yolanda Salas]

@Crystal Ball you may want to chime In here

@Lorraine Patterson In Panama City Beach, there are some neighborhoods by virtue of their location, HOA, or local ordinance that are prohibited from being represented as a STR/Vacation rental. The short answer is it depends on where the house is. In unincorporated Bay County, a home on the east end or west end that is not under the city of Panama City Beach jurisdiction, will have different rules than those in the city. As far as permitting, not generally required but you must file bed taxes monthly or quarterly with the county and state, so its wise to use a property manager that can handle this all, in my opinion, when you're out of state. Have your realtor check on this. If the home already has a vacation rental history, then you might be good to go, UNLESS the city has an ordinance against it. There have been some recent ordinance changes in some of the popular neighborhoods.