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Updated almost 6 years ago on . Most recent reply

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8
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1
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Alan Harry
  • New York City, NY
1
Votes |
8
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City Place in WPB for investment/Airbnb rentals?

Alan Harry
  • New York City, NY
Posted

Hey everyone wondering your opinions on buying in or around city place in downtown WPB. I do see the HOAs can be high, but the prices seem to be shifting lower than the past year. Has anyone had success in this area renting seasonally to snowbirds and then recouping more profit by using airbnb in the off-season? I assume it would also come down to how "friendly" the HOA and the building is to short-term rentals. Any info/advice would be appreciated. Specifically for a 1 or 2 bedroom purchase.

Most Popular Reply

User Stats

132
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25
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Rik Patel
  • Real Estate Agent
  • Miami, FL
25
Votes |
132
Posts
Rik Patel
  • Real Estate Agent
  • Miami, FL
Replied

Hi Alan, my brother currently lives in a "snowbird" building and currently own a rental townhouse down the road. I know with his building, most snowbirds leave their property vacant (everytime I go there the facilities are all empty). I also know they don't allow short-term rentals, many buildings don't. HOA's are high and it might be hard to profit even if you are able to airbnb somewhere.

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