Interested in STR Isla Verde, PR. Any advice ????

[Ricardo Morales]

Looking into STR in Isla Verde PR.. Any Advice ?? All the condos I've seen don't allow short rentals .. Thanks in advance 👍🏼

[Kathryn Morea]

@Ricardo Morales - There are many condos that do allow STR, but you have to search hard to find them, and they are (IMO) pricier because the desirability from outside investors. Puerto Rico Condominium Act 129-2020 passed in Aug 2020 prohibited HOA / Condo associations from banning STR unless the master lease/bylaws expressly prohibit STR. So there's that, but still a bit of a search. Another option is to buy a single family or duplex/triplex and then you usually avoid the HOA issue. Market is on fire right now. And there are not enough hotel room or STR units to meet demand. Please budget for 200K and up. If you are serious about purchasing, and you have the cash or are pre approved, please contact me directly and I can help you or put you in touch with agents who can help you.