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Home> Buying> Short Term Rental

Short Term (VRBO/Airbnb) Rental Investments in Southeast Florida

Short term rentals in Southeast Florida have been seen as a very lucrative investment over the past few years. Largely due to the rise of short-term rentals like Airbnb and VRBO, Southeast Florida’s rental stock has continued to grow, with a 97% annual growth between 2016 and 2017 alone. But, short-term rentals in Southeast Florida come with some risks and, as always, no investment is 100%. Continue reading below as we delve into the tax implications, vacancy rates, and a realistic income that you could expect to earn from your Short Term Rental investment in Southeast Florida.

Search a variety of investment properties below to find the one that is perfect for your short-term rental goals or continue reading here about some of the requirements for short-term rental properties in Southeast Florida.

Short Term Rental Investment Properties

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11011 Legacy Lane #102, Palm Beach Gardens, FL - $284,900

Residential, Townhouse / Villa / Row
  • 3 Beds
  • 3 Baths
  • 1,454 SQFT
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Move Right Into This Charming Three Bedroom Townhome In The Heart Of Palm Beach Gardens. Just Park Your Car In The Garage And Walk Right In! Walk Across To The Clubhouse And Experience The Resort Style Pool And Spa Along With Fitness Center, Tenni...

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10550 Se Jupiter Narrows Dr, Hobe Sound, FL - $368,000

Residential, Single Family Detached
  • 3 Beds
  • 2 Baths
  • 1,908 SQFT
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Jupiter Narrows Is A Community Of 101 Single Family Homes In Hobe Sound, Fl.the Initial Step: Buyer & Seller Have Both Executed ,''purchase & Sales Contract. Step 2 The Buyer Completes, Application For Approval Of Sale With Application Fee T...

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801 Seafarer Cir #505, Jupiter, FL - $499,900

Residential, Condo or Coop
  • 2 Beds
  • 2 Baths
  • 1,385 SQFT
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Have You Been Searching For The Perfect Waterfront Condo Located In Jupiter, Florida? This Is It! 801 Seafarer Circle #505 Is The Waterfront Home Of Your Dreams That Has Been Completely Renovated With High-quality Craftsmanship Into An Exquisite C...

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2376 Sw Island Creek Trl, Palm City, FL - $499,000

Residential, Townhouse / Villa / Row
  • 3 Beds
  • 4 Baths
  • 2,140 SQFT
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Fantastic Townhome W/ Private Pool & River Views! End Unit Townhouse Is On A Cul-de-sac, W/ A Private Pool! The Back Of The Home Borders The Preserve & The Side Faces The River! This 2-story Townhouse Has 10'-20' Ceilings, Tile Floors On 1st Floor...

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18675 138th Way N, Jupiter, FL - $575,779

Residential, Single Family Detached
  • 4 Beds
  • 4 Baths
  • 3,548 SQFT
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Owner Moved Out And Wants To Move On.price Reduction Of $100,000k!! Bring Offers And Make Everyone Happy. A Private Paradise Of Over 5 Acres. Find Total Serenity In Nature Walks In Your Own Backyard. Well Maintained 4 Bedroom 3.5 Bath 2 Car Gara...

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1901 Sabal Ridge Ct #e, Palm Beach Gardens, FL - $259,000

Residential, Condo or Coop
  • 3 Beds
  • 2 Baths
  • 1,400 SQFT
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Investor's Dream! Completely Upgraded 3 Bedroom/2 Bath Apt Condo With An Spacious Laundry Room And Newer Ac Unit, In One Of The Most Popular Location Of Palm Beach Gardens. Surrounded With Lusciously Landscaped Nature Preserve And All The Shopping...

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755 Saturn St #f101, Jupiter, FL - $275,000

Residential, Condo or Coop
  • 2 Beds
  • 2 Baths
  • 1,063 SQFT
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Location, Location, Location, Paradise Found Here On The Jupiter Inlet. End Unit With Side Entrance, Garden View; Spend Breezy Afternoons On The Lania. Unit Is Ready For Upgrading To Your Desire; So Much Potenial. Ground Floor In This 55 And Olde...

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112 Springwater Dr, Jupiter, FL - $425,000

Residential, Single Family Detached
  • 3 Beds
  • 2 Baths
  • 1,656 SQFT
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Get Your Piece Of Paradise Here In Jupiter At Maple Isle/maple Island W/ This 3br/2ba/2cg One Level Home Built By Original Owners. This Home Has Been Lovingly Maintained & Is Ready For You To Add Your Personal Touches To Make It Your Own. Gated Co...

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360 Prestwick Cir #1, Palm Beach Gardens, FL - $265,000

Residential, Townhouse / Villa / Row
  • 2 Beds
  • 3 Baths
  • 1,466 SQFT
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From The Moment You Walk In, You Will Be Captivated By The Charm Of This Beautifully Updated Townhouse In Prestwick Chase! Some Of The Numerous Upgrades Include A Gorgeous Kitchen With Granite Countertops, Tiled Backsplash, Modern European-style ...

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16707 N 133rd Dr N, Jupiter, FL - $399,900

Residential, Single Family Detached
  • 3 Beds
  • 2 Baths
  • 1,480 SQFT
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Meticulosuly Maintained Jupiter Farms Home. Open Floorplan, Spacious Family Room Adjacent To Kitchen With Large Island. 3 Bedroom, 2 Bath, 2 Car Garage Home, Split Floorplan, Gorgeously Remodeled Kitchen With Quartz Counters, Farmhouse Sink, Cust...

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1423 N Jeaga Dr, Jupiter, FL - $354,000

Residential, Townhouse / Villa / Row
  • 3 Beds
  • 3 Baths
  • 1,601 SQFT
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Welcome Home To Your Bright, Open And Immaculate Key West Architectural Style Town Home. With A Sunny Southern Exposure, The Covered Balcony Off The Master Suite And The Front Porch Face The Palm Tree Lined Sidewalks And Waterway---incredible Vie...

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2514 25th Lane, Palm Beach Gardens, FL - $309,000

Residential, Townhouse / Villa / Row
  • 2 Beds
  • 3 Baths
  • 1,596 SQFT
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This Townhouse Has Been Appointed With All New High End Finishings. Throughout The Home, There Is New Bamboo And Tile Flooring, Kitchen Renovations With New Wood Shaker Cabinets, Granite Countertops, Stainless Steel Appliances, Subway Tile Backsp...

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Hidden Costs - Short Term Rental Investment Properties

One of the biggest hidden issues with a short-term rental property in North Palm Beach is that you risk overstepping on the permitted uses for the property. For example, one such property in Palm Beach was defined as being used for commercial purposes and not residential. This can happen to you too if you were to rent out the property for less than three months more than three times in that calendar year. This mistake can be incredibly costly too. A commercial property in a residential zone can cost as much as $250 per day for the code violation. $250 per day in code violations means that you would be building $119s in negative equity per day if you rent at the average daily rate in Palm Beach.

Other Taxes - Short Term Rental Investment Properties in Southeast Florida

However, it’s not just at the city level that you should worry about the hoops that you will be expected to jump through. Palm Beach County has a bed tax, which is known as the tourist development tax, which is applicable if you rent out your property for less than six months out of the year. The tax is charged at five percent of the total revenue gained and it might be in addition to the State level sales tax of six percent. Should you think of trying to skip out of paying that five percent, Palm Beach County has been known to take aggressive action against those that violate the tax law. In fact, those caught not paying could potentially face a third-degree felony and a lien can be placed against the violator's bank account by the County. To make it easier, the County suggests that owners of investment property in Southeast Florida sign up for Alavara’s MyLodgeTax™, which makes vacation rental taxes simpler for a $20 monthly fee. If you rent your investment property for more than 30 days out of the year, you should also check with the local county’s property appraisers, too as you might be claiming a credit that you are not entitled to.

Why Purchase a Short Term Rental Investment Property

The labyrinth of taxes and city costs might be exhausting but the profits that are to be had with your investment property might be worth the additional paperwork. For example, from a quick search on Airbnb, a private room that is close to the beach and Carlin Park can bring in $1,725 per month. While an entire three-bed lakefront condo in Juno Beach can command as much as $5,600 per month. Even at a 30% occupancy rate, which is below the average occupancy rate, the Juno Beach property would bring in approximately $21,000 in revenue, minus the 11% of county and state level taxes, that’s a pretty tidy profit of $18,747.59 before costs directly related to the investment property in Southeast Florida.

If you think you’d like to discover the homes for sale near Jupiter, Tequesta, or Singer Island that would make great short-term rental investment properties, contact Beth Bourque at Southern Shore Properties today.

All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2019 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2019 Beaches Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on April 21st, 2019 at 9:15am CDT.