5 steps to renting out your Florida Property

If you're planning on renting out your holiday home in Florida, you'll need to take the right steps to protect your investment. Here are our 5 steps to renting out your property

If you've been plotting purchasing property in Florida for years to use as a holiday home (just perfect around this time of year!) and as a holiday rental, 2017 could be your year!

There are a number of laws and restrictions in place in Florida so it's important that you fully understand what will apply to you before you buy.

1 – Choose a property that's desirable to renters

Before you splash the cash, you need to make sure that the property you have your eye on will be desirable to holidaymakers. Ask yourself whether the property is big enough to accommodate your ideal guests, i.e. enough space to house a family of five, and if it's close enough to the area's major tourist attractions.

2 – Is it legal to rent out the property?

There are a number of laws and restrictions in place in Florida so it's important that you fully understand what will apply to you before you buy.

3 – Employing a management company If you're not based in Florida, it will be incredibly difficult to manage your property. For this reason we recommend employing the services of a holiday lettings management company, who can remove all of the hassle.

5 – Protecting your property

For complete peace of mind you'll need to insure yourself against any damage to the property. Fortunately insurance in Florida is relatively inexpensive and a standard policy should cover you for the majority of eventualities.

Hopefully by now you're feeling a lot clearer on the steps involved in renting out your property in Florida. If you have any further questions, or would like some investment property property details in Florida, please refer to our website www.ecsmproperty.uk.com