Hardie Board vs. Vinyl Siding for rental property in FL

[Alex Lebhar]

In the next year I am planning to turn my primary residence into a buy and hold rental. It currently has vinyl siding, and I'm trying to figure out how to keep the place looking good and being durable against the elements. I am weighing out whether I should change it for hardie board siding if it becomes a rental. Will it add to rental value? Does its durability justify its price? How much would I expect to pay to install hardie board on an 1100 sq. ft. house in FL?

Thank you for your help!