Florida vaca & South Carolina / Alabama SF rentals

[David Epstein]

Friends,

I hope all have remained safe and in good health this past year and enjoying a great start to 2022!  

My wife and I are considering taking a few weeks to visit various parts of Florida to scope out possible vacation homes, which we would also like to rent out when not in use.

Ideal conditions: 

a community with nice, but not overwhelmingly crowded beaches (at least not during peak times of year)

walkable (at least in a core, commercial, cultural area).

Additionally, we have lately been looking at the Columbia, SC area as well as both Montgomery and Birmingham, AL for SF rentals.  We have a few SF rentals scattered around the country and would love to hear thoughts on great zip codes and why.

Any thoughts welcome!

[Tim Sharkey]

@David Epstein that's a good strategy.  Florida is certainly a hot spot for vacation rentals, so expanding into SC and Alabama do make a lot of sense from a value standpoint.  If you are looking for areas that should drive higher values over the next 10 years, I would consider Huntsville, Alabama, Cartersville, GA, Savanah, GA, and Greenville, SC.  These areas have potential to see property values go up substantially in the near future and are still affordable right now (relatively speaking).