Florida keys Investment opportunities Part 2
As to The Keys and it’s areas-where would the best rentals probably be located?
*A condo or single family home anywhere on the water-either Ocean or Gulf or a canal and anywhere in the Keys (unless they prohibit vacation rentals. (see below)
*The rental rates will vary from island to island due to boating depth and neighborhoods, SEE information below,
*Key West downtown is seeing strong growth. In short some people are going away from life in the suburbs and opting for closeness to theatre, restaurants and the vitality of a city environment. So, don’t overlook the downtown areas.
Renting your home out as a seasonal (vacation rental)or long term.Long-term renters are generally easier to find as there is a shortage of homes for rent. So, if you want to buy something for retirement or a vacation home and rent it out to help your payments-this is typically the easiest way. (Long term rentals are considered to be anything over 6 months, as the tenants don't pay the 11.5% Florida tax)
Generally long-term rentals should be unfurnished.