What are the least regulated and most profitable places to start a STR business in the state of Florida?
I currently live in Fort Lauderdale so my initial plan was to start my business here. However, I am finding it difficult to find many people who are successfully managing STRs in the area (although I see many listed on AirBNB). I know Miami is very highly regulated and I am concerned Fort Lauderdale may follow suit. I do not know much about the market for STR in West Palm beach county, but I'll do some research in this area as well
On the other hand, many people online seem to be having success and continuing to invest in properties along the gulf coast in Pinellas county. I know cities such as Clearwater, St. Pete, and Tampa are highly regulated, but I see a lot of potential in the areas outside of the cities.
So which makes more sense east coast or west coast in avoiding regulations and turning a decent profit?
Any input on the topic would be greatly appreciated! Thank you!
