Fresh Ideas for Buying Stuart, Florida Investment Property
If you've ever considered owning a rental property in Stuart, Florida or the Treasure Coast but haven't much liked the thought of a traditional tenant/landlord relationship, perhaps some of these alternative ideas will spark your imagination.
Vacation rental properties: It's no secret that seasonal rentals in Stuart, Florida are in demand. With worsening Northern Winters quality rental units are in short supply and command top dollar.
As an investor, there's no need to take on long-term renters when you use your property for short term accommodation for Snowbirds heading south for the Winter. Services like airbnb.com, VRBO.com, and HomeAway.com are great places to list your property, or you can arrange for marketing and management by a local Realtor.
If you're considering this type of rental investment, be sure to look for properties with amenities that tourists would consider a plus (especially beachfront condos and pool homes near restaurants, recreation, shopping, etc.)
Corporate housing: There is increasing demand in the Stuart area for short term corporate housing for relocating personnel as well as renters building new homes. Executives or small teams visiting from other cities can get tired of the hotel life, and having a residential option close to the office is a great option. Forming a relationship with local firms, builders, and real estate agencies offering relocation services is a great way to generate cash flow for short-to-intermediate term occupants.
If you're curious about properties in the market which could be a good fit for any of these scenarios, get in touch today. I'd be happy to help you optimize your investment property strategy by helping you with your search.
Eric Slifkin, Team Lead
Your local real estate expert
Are you seeking a home that suits your lifestyle, community, and neighborhood needs? Together with his team Eric offers home buyers a turn-key approach to finding and purchasing real estate from the Treasure Coast to the Palm Beaches and beyond.
Contact us today to schedule a free consultation. Whether buying or selling a home on the Treasure Coast we are always happy to meet with you to discuss your wants and needs, no obligation.
This post has been authored by Eric Slifkin, a Broker Associate at Keller Williams Real Estate and the founder of the Slifkin Real Estate Team. Eric and his team of experienced agents serve South Florida and the Treasure Coast, including Stuart, Hobe Sound, Palm City, Port Saint Lucie, Jupiter, Tequesta, and the Palm Beaches.