Exploring Airbnb Opportunities in Florida's Multifamily Markets

[Matthew Tregoning]

Hello, BiggerPockets community!

I'm delving into the world of short-term vacation rentals in Florida and I'm particularly interested in multifamily properties that are well-suited for this strategy. If you have insights into Florida's multifamily markets, especially when it comes to using them for short-term rentals (STR) or vacation rentals, I'd love to hear from you. Here are some questions to guide our discussion:

1. Multifamily Hotspots: Are there specific cities or neighborhoods in Florida where you've noticed a concentration of multifamily properties that perform exceptionally well as short-term rentals (STR) or vacation rentals? What sets these areas apart?
2. Property Types: What types of multifamily properties seem to be the best fit for STR or vacation rentals in Florida? Duplexes, triplexes, quadplexes, larger apartment complexes, or perhaps a mix of these?
3. Property Management: Do you manage these STR or vacation rental properties yourself, or do you have recommendations for property management services that specialize in multifamily STR properties in Florida?
4. Challenges and Solutions: What challenges have you encountered when using multifamily properties for short-term rentals (STR) or vacation rentals, and how have you overcome them?

Thank you in advance for sharing your expertise and helping fellow investors navigate the multifamily STR or vacation rental landscape in the Sunshine State.