Destin, Miramar Beach and the surrounding areas

[Caleb Richardson]

I'd like to start a discussion regarding rental properties in the Northwest Florida Panhandle, Specifically Destin to Panama City Beach. I'm curious to hear any opinions from investors/owners of Short-term vacation rental Condos vs Homes. 

Feel free to offer any input you see fit...here are a few questions I'd love to hear answers to!

Have you had better experiences with condos, smaller homes, or larger multi-family homes? 

What made you choose one particular area over another?

Is it purely an investment, or do you utilize the property occasionally?

and for the out-of-state investors, what made you choose the emerald coast over other vacation hotspots?

If there is another discussion about this or similar topics, please point me in the right direction or post them here.

Thanks in advance, and I hope you're all having a great 2019 so far.

Cheers! 

Caleb Richardson

Engel & Völkers Destin

[Caleb Richardson]

@Luke Carl Right you are Sir! We all have to start somewhere though, don't we? I'd like to think I know an acceptable amount about the rental industry here, but not as much as I'd like to. My goal here was not necessarily to play devil's advocate, but to spur a discussion that would help me to see more perspectives than just the ones I have experienced firsthand from the people in the industry. I'd like to hear from the folks actually investing their own money in these properties, not the brokers, property managers, cleaners and maintenance people that I know and have worked with. I have yet to guide a client in buying a STR property here, although I will be listing one soon. I wanted to use this opportunity to learn a bit more from others, and by starting (yet another) discussion about this area myself, I would be more capable of guiding the conversation in the direction I'd prefer.

I fiddled around with the search function and had much better success finding other similar posts just now though, so I apologize for rehashing the same old thing for the more seasoned/active BP posters. I'll be reading through those while I respond. I appreciate your input though Lucas!