Investing in West Palm Beach Area

[Marjorie Carlson]

Hello!

I have lived in the northeast my entire life and am relocating to the West Palm Beach area within a year. I plan to house hack a multi family and am trying to learn about the unique issues that arise in this climate.

Can anyone provide information on the following as it pertains to REI?

Riviera Beach area — up and coming or no?

Differences in insurance premiums and upkeep for CBS vs vintage stucco?

Does providing a pool to tenants increase rents enough to offset insurance premiums?

Seasonal renting for furnished units: do you prefer month to month, entire season, or week to week?

Thank you!

[Donavon Davies]

I'm from NY, and I moved to West Palm back in 2011... I never looked back! I'm a realtor here now and I can definitely help you with your search. 

In regards to the Riviera Beach area, I have to say yes AND no. I have seen many 'false starts' starts. Lots in the planning stage but not much has come through. Values have increased along with the rest of the rise here in South Florida though.

CBS all the way. For too many reasons to list. Just go CBS and rest easy.

In regards to the seasonal renting, it all depends on your plans for the property on the off season and your ability to effectively turn is rapidly for the shorter stays.