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Updated over 1 year ago, 05/19/2023
Broward County Leads
Looking to buy STR in Broward county from out of state. Any advice/tips on the market? Looking for deals!
- Tampa, FL
- 1,600
- Votes |
- 2,058
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Hi Heidi!
Any reason you are specifically targeting Broward County?
My business partner lives there and I see a lot of long term wealth building potential in holding real estate there. Open to all Florida though.
Hello @Heidi Cousineau
Jonathan here with Outfast, Have you ever looked into the Tampa Bay market? I have a short term rental her that has been booked since I started a year ago. We have the gulf cost and its beautiful beaches (Madeira Beach, Clearwater, St Pete Beach. First and foremost what you want to find out is your budget and the type of ROI you are looking for. Sent you a PM to discuss further
Hey Heidi,
There are some areas like Hollywood, Hallandale, Dania Beach, and Ft. Lauderdale that are very good and very friendly for STRs.
We have an influx of tourists and locals all year long making it a very profitable market for STRs.
@Heidi Cousineau it is a great market here for STRs. The city of Fort Lauderdale is generally quite friendly to it. I partially manage a STR and am investor myself. I could give you some pointers. Since your partner is down here, I can show him some areas and the particular one I manage to give you some good ideas for decor, etc.
Hello Heidi, Broward County's favorable regulatory environment for short-term rentals makes it an investor-friendly destination, providing ease of operations and a streamlined rental process. Let me know if you'd to chat more about DM me. All the best!
Because Broward is really STR-friendly there's a ton of supply, especially since the 2021 boom. I would focus on finding property that can stand out / is differentiated from others in the area, perhaps larger single family.