St. Petersburg STR or LTR?

[Jorge A Amaya]

Hello BP Community! 
My wife and I are currently live in Denver and have several LTR rentals and we are thinking of investing ins St. Pete's area. Either a STR or LTR property in the St. Petes/Clearwater area.

We will be in the St. Pete's/Tampa area this weekend May 1st to the 4th and would like to meet up and invite to lunch a seasoned STR/LTR investor or a RE Agents with STR/LTR so we can pick his/her brain. Does anyone know someone they can recommend? 

Also, any other input regarding the area is greatly appreciated!

Thanks!

Jorge A.

[Dan Maciejewski]

Well, St Pete doesn't allow more than 3 STR turns in a 365-day period, so you can do that, seasonal rentals (over 30 days), Get a long-term rental, or choose one of the other cities that allow it.

Our market is tougher for out of state investors to get a cash-flowing long-term rental because the prices are a little high.  And it's harder to find, rehab, and rent a value-add property from long-distance.  You can get great contractors that will help, but they cost and eat into your value-added appreciation.

I do assume you meant the entire area. Pinellas County has 24 cities that each have their own STR rules, and depending on your budget and goals, there are a ton of opportunities here.

Let me know if you have any questions and I'll answer!