Quote:
Originally Posted by tophcfa
Wouldn’t it be a lot easier to simply prevent the short term rentals in the first place?
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Yes, but there are several reasons why investors have been looking at retirement locations:
Amenities
untapped locations / limited competition previously
Location relative to Orlando / amusements
Availability/price versus beach locations
Declining bookings / revenue at metropolitan areas
people are traveling / vacationing again. . .
LI communities imposed minimum stay requirements of 30 percent and if less, then imposed the state hotel tax, and those are enforceable, as tax evasion is a felony
But the CDD structure and other govt structures make that local statute unlikely to get passed, especially with the developer's rental company being taxed as well.
So the Villas are the prime target as the cheapest to buy to get a return. . .
friends just bought a gardenia with pool and outdoor kitchen this week, owners moved into assisted living, they have been looking since 2019 and finally got to a situation where they can buy it, and found something very appealing. . . in the northern section near spanish springs where there are very few ABnb's as the prices are difficult to make a profit. .
BTW, I have picked out an alternative to TV to which to move, if the area becomes unappealing, with 3 18 hole courses, 10 minutes to the beach, 30 minutes to many different courses. . . cheaper house prices. .
But i don't want to move, I want to make ABnbs unappealing and unprofitable