Airbnb Host and Investors Forum North America - USA Regions South A Short Term Rental (STR) Forum Community

[Wozza2303]

I was considering buying a condo within a Hilton hotel to rent out on Airbnb but the HOA is steep at close to 1K. Is this worth the effort or am I going to be making a net loss since the market's so saturated over there? There's also an option to have Hilton run it as opposed to me doing everything myself, but I believe they'd take around 45% of the profits.

[duck1975]

Not an Airbnb host in FTL, but as someone in a similar situation those HOA fees are much too high to turn a profit and you need to factor in the high property tax rate as well. Tourism is still strong in FTL, but those monthly costs are much too high and are only going to get higher. It comes with the constant need to update your property to keep it in pristine condition. The one exception I could see is if you are a cash buyer and aren’t going to pay insane interest rates.

[Inspired]

I wouldn't touch the FL market for another year or so. Florida condo prices have been dropping like a rock and word among all my realtor friends is that they will keep falling even more so when other markets start lowering prices and attracting buyers away.

[az1374445]

As an airbnb host, I would currently not touch the Florida market even for personal purposes. As much as I love visiting the state for personal purposes, the housing market there is a disaster when it comes to insurance, dropping prices and skyrocketing HOA fees.

[ajax777]

Only worth it if you happened to of inhereited your Condo 10 years ago. Even then, prepare for maintenance fees to potentially skyrocket and eat up the majority of your earnings.