What Does "Best Places to Buy a Vacation Home in Florida" Mean?
To begin with, we should clarify what we mean when we say "best places to buy a vacation home in Florida". There are so many possible criteria depending on our purpose and preferences.
In this case, we look at a vacation home as a rental property, for the time of the year when the owner is not using this. This should automatically make you think about Airbnbas this rental strategy would allow you to still use your income property during your vacations. Finally, it is the usual practice to look at rental income when it comes to vacation homes. So, the best places to buy a vacation home in Florida would be those cities which offer the highest Airbnb rental income.
Is Airbnb Legal in Florida?
Then comes the question about the legality of Airbnb in the Sunshine State. As someone who is considering purchasing a vacation home in Florida, you will be glad to know that Airbnb might soon be fully legal throughout Florida.
In January this year Senator Greg Steube introduced legislation which would preempt any local regulations on short-term rental passed after 2011 and essentially prohibit local governments from imposing future restrictions on Airbnb rentals. This legislation aims to counteract recent attempts to crack down on Airbnbactivities throughout Florida, including a new fine of $20,000 to anyone renting out a space for less than 6 months, introduced in March 2016. But things are looking good for potential Airbnb income property owners in Florida after the newly designed rules proposed by Senator Greg Steube.
What Are the Best Places to Buy a Vacation Home in Florida?
So, let's take a look at the cities which offer the highest Airbnb rental income throughout the Sunshine State as these are the best places to buy a vacation home in Florida.
Following is a list of the most profitable locations for owning a vacation home in Florida, based on the expected rental income from Airbnb. The expected rental income along with the other important real estate investing figures have been computed by Mashvisor's investment property calculator. This rental property calculator saves real estate investors a lot of time and money by replacing the need for conducting complicated real estate market analysis to get real estate comps.