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.
1. 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 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.)
2. 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.
This post has been authored by Eric Slifkin, REALTOR® serving South Florida’s Treasure Coast. You can reach me at 888-288-1765, or visit my Web site. As your resource for information on new or resale homes throughout the Treasure Coast, please be sure to contact me about any home you may find on the Web, yard sign or ad and I will research the property, arrange showings and handle all the details.