Vacation Rental in Clearwater Beach Area

[Leah Dexter]

We are looking to purchase an investment property in the Clearwater Beach/Madeira Beach area in Florida. Our goal is to find a condo that mostly will pay for itself and still allow our family to use it once or twice a year. We're looking at condos on or near the beach. We plan on financing it but have heard many lenders are picky about short term rentals. We own a number of rentals already so we aren't new to the investment world but new to the short term rental world. If anyone has any suggestions I'm open feedback. 

[Eric A.]

@Leah Dexter

Do a ton of research through VRBO, Air BnB etc. Check every month of the year on calendars and occupancy rates. I would also subscribe to airdna.co for accurate rental numbers. 

This may offend people but I never trust what a realtor tells me. They often have inaccurate information and once they sell something they are gone. I have been doing this almost 20 years and this has always been the case. Good luck!

Best Regards,

Eric