U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > U.S. Forums > Florida > Fort Lauderdale area
Fort Lauderdale area Broward County
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Old 04-21-2011, 09:19 AM
10 posts, read 85,055 times
Reputation: 14


I am looking to buy a vacation property in Fort Lauderdale area that I can use as needed and rent out when I am not there. I would like to buy a condo but many do not allow weekly rentals. I am not considering condo hotels at this point because I am not sure I can make a profit on these because of the revenue sharing agreements and expensive fees. I would consider a town house or home but I want to ensure there are good property management companies out there. Does anyone out there have experience renting out vacation properties? If so can you give me some advice on the route you took and how it is working out.

Rate this post positively Reply With Quote Quick reply to this message

Old 04-22-2011, 01:27 PM
Location: Deerfield Beach, Florida
22 posts, read 85,213 times
Reputation: 17
Townhouse communities and their associations don't usually like the homeowners to rent out seasonally their properties. They don't want different kind of people coming in and out so often. Remember that any community or building that has an association, they have to approve all the tenants you decide to rent your property. A lot of associations are VERY picky, very complicated in approving people renting out properties and they take 2 to 3 weeks, sometimes a whole month just screening your prospective tenants, time that you won't be getting any money from rent.

But this doesn't mean is a bad idea, its a very good idea to buy a condo to rent it out seasonally. I would suggest to buy a condo close to the beach, those are rented SO fast and the buildings/associations close to the beach are more flexible for seasonal rentals. Remember that if you rent 6 months or less your property, you have to pay taxes for that (separately from real estate taxes). But an advantage of renting seasonally, is that you can ask more for rent than if it would be annually.

Moderator cut: no soliciting

Last edited by fauve; 04-22-2011 at 04:35 PM..
Rate this post positively Reply With Quote Quick reply to this message
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply

Loading data...
Based on 2000-2020 data
Loading data...

Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Florida > Fort Lauderdale area
Similar Threads
View detailed profiles of:

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top