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Updated over 5 years ago on . Most recent reply

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Romina Grecu
2
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10
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South Florida Short Term Rental dilemma

Romina Grecu
Posted

Looking to buy In South Florida ( Fort Lauderdale ) for STR / Airbnb purpose .

Not sure which property would be more profitable Single family /multi family / Duplex?

I am currently renting and I am also wondering if I should get something like a Dublex / Trilex to live In one side and maybe STR the rest ? Or keep on renting my apartment and Airbnb the whole STR property?
Thank you 

Most Popular Reply

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182
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Elise Hazzard
  • Property Manager
  • Saint Petersburg, FL
51
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182
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Elise Hazzard
  • Property Manager
  • Saint Petersburg, FL
Replied

Do you really want to buy in south Florida,

The expected flood and hazzard insurance rates with adjusted flood maps can make that a worrisome proposition. 

I'm not buying in west central FL any longer and it is 200+miles north

Duplex in safe b to b+ neighborhoods would be best if you can find one should you choose to stay. You'll always want to move up but the mortgage benefits will continue.


Good luck,

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