Vacation rental investing in Southwest Florida

[Kelly Orth]

Southwest Florida is one of the areas we are considering retiring in; we would like to buy a home to use as a vacation rental to assist with paying it off before we retire.  We like the Fort Myers area but are open to most Southwest locations; beachfront is not necessary and we’re not looking to spend hundreds of thousands of dollars. What areas would you recommend?

[Austin Drew]

@Kelly Orth & @Andrew Cruickshank I would take into consideration the supply of STR's in the area you are looking to invest as well as the entry price, then determine your highest ROI. For example a 4-5 bedroom home in Fort myers may yield higher returns than a 3 bedroom home in Naples and the purchase price may be lower. Get comfortable with running the comps for ADR in each individual market, this will give you the better opportunity that a lot of investors may be overlooking.