Short-Term Rental Thoughts

[Javier Santana]

What are your thoughts on Short Term Rental "Condo Hotel" Properties? 

If you don't know what these are, they are starting to spout up more & more especially in Florida. Basically is a condo that can also be managed as a hotel. The building has their own property management company that will handle all aspects of renting / maintaining the condo. Some have different preferences on how long the owner can live in the unit. Some only allow the owner to stay for 3 months, others are range. 

Has anyone had experience with these condo hotels, and what do you think

[Mike Shemp]

@Javier Santana

Yes, I have seen them before but (for me) am not a fan of them.  I understand why people like them  but I don't like them for the same reasons I'm not a fan of condos.....there is little you can personally do to improve the value of it, plus I dont like having an additional layer of regulation on top of me.

I know in some markets, these hotel/condos are the only thing allowed to be an STR so other options may not be available.

Mike