Summer Rental Demand
3 Replies
- Posts 1
- Votes 0
Hi all,
Long time reader, first time poster. I’m a Northerner, looking for a vacation home/rental property in Florida. I plan to occupy it from Jan-March and then rent it out the rest of the year. If I could at least cover the mortgage in the other 9 months of the year I’d be happy.
Xổ số vuông hôm nayMy question is if there is demand for STRs in Florida still in the summer months? As I’ve been searching my gut is telling me Orlando/Kissimmee fits the bill as the proximity to the theme parks creates year round demand for STRs. But I wouldn’t think areas like Ft Myers or Naples or Tampa or Southeast Florida would have much rentability in the summer as the winter is when people from up north look to rent vacations in Florida. I just can’t imagine I’d get much interest trying to rent a place in Naples in July for example. Hoping someone tells me I’m wrong!
Thanks,
Will
Team and Maintenance
- Posts 164
- Votes 123
Real Estate Agent from Ormond Beach, FL
replied 10 days ago
Xổ số vuông hôm nayI know of owners in my area who rent to families in the summer months. They do beach vacations when schools are out of session for summer.
- Posts 138
- Votes 107
Real Estate Agent from Tampa, FL
replied 10 days ago
Xổ số vuông hôm nay I used to work with a str property management company that focused on St. Pete beach and I can tell you the rates were MUCH higher in the spring months than summer. Still got some demand but it gets so hot that there wasn't as much reservations as spring time.
Rentals
- Posts 195
- Votes 122
Realtor from Fort Myers, FL
replied 11 days ago
Just wanted to make you aware of the fact that the City of Naples, as well as Collier County, have short term rental bans in place. Although you can see there are many people operating STR's in the area, it is technically illegal, and your income could be shut down at any point in time. Another strategy I could recommend would be to rent to travel nurses, who will not be needing a full annual contract. Another area to look at a bit further North is Cape Coral, which has a great STR market right now with no restrictions.
Xổ số vuông hôm nayHope this helps!