Southwest Florida - Short Term Rental Friendly

[Sarah Hylander]

Curious if anyone is considering investing on Sanibel Island right now. Anyone have experience down there with STR? thoughts ...

Airdna gives high projections but it is a mostly 28day+ market, so I am curious how that works? or if the numbers are just bad.
 

Any other favorite SW Florida markets? 

Note: We are not super focused on cash flow, more appreciation seekers ... but honestly open to all thoughts and ideas. 

[Kristina Kuba]

@Sarah Hylander

As Andrew mentioned, I would consider focusing a bit more north such as Tampa. You will see consistency in revenue and solid appreciation.

I am in Tampa and own a few short term rentals myself here. Born and raised in Tampa, ofcourse I am biased to Tampa but I think there is a case to be made that Tampa enjoys a variety of STR travelers, more than the average city.

For example, here in Tampa not only do we have theme park and beach tourism (#5 ranked beaches by TripAdvisor in the world in 2021), we have educational tourism (one of the largest universities - USF and then UT), and also medical tourism (we have some of the best hospitals in the country especially for outpatient services). Tampa General Hospital has been named one of the top 100 hospitals in the United States, according to Newsweek. The 1,041-bed hospital was recently ranked as one of the news magazine's World's Best Hospitals 2022. ADR and occupancy has stayed somewhat consistent even after the major national dip this year.

Reach out if you have any questions.

Best of Luck!