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Updated almost 4 years ago on . Most recent reply
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Short-term rental near beach in Florida
I have a few single family rentals I'm considering selling in the Denver, CO area within the next year. I'd love to be able to do a 1031 exchange to buy a condo with a view of the ocean, someplace affordable, such as Florida and be able to have someone manage the entire short-term rental of the property while I'm not using it as a vacation home. I'm wondering if it is plausible to find a condo complex that offers these type of services on-site where I could at least break even on the return on investment if I use it personally for maybe 1-2 months out of the year. I would purchase it with at least 50% LTV and would want the purchase price under 1 million. Have any of you heard of condo complexes or beach resorts in Florida that do this STR service? Any realtors in Florida that have experience in this area that I could talk to?
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@Sheri Lowrance, there's something on LoopNet in Fort Lauderdale. Not sure if it's still available. It's a 2 bed condo in a hotel, and the hotel can manage the rental for you.