Naples-area STR experience?

[Shaun Hood]

Hello everyone! We have done a lot of research and preparation, and are in contract on a single-family home in Naples Park that we are going to use as a STR. We have a good team in place (realtor, PM, lender, contractors), and I feel very good about everything. I certainly don't know it all though...I'm reaching out to you for experience and insight on STR experience in Naples/Naples Park. I welcome your thoughts, successes, concerns, failures, etc. Thank you in advance!

[Alvin Taveras]

Naples Park is an excellent area to invest in as it is more affordable compared to the rest of Naples. Given its proximity to the beach, it could be a great short term rental. The only concern that I would have is regarding any change in regulation. Some local officials are concern about this. I would recommend having an exit strategy (either LTR or flip) in case of any new regulations regarding STR.

Let me know if you have any additional questions.