Saturday, March 29, 2008

Condominiums that permit weekly rentals

This is what most buyers are looking for right now: Canalfront homes under 800K and condos that are good rental properties. In this blog I will write about the later. Condominiums govern themselves when it comes to rental policies. As long as they are gated and have an association they can decide what kind of rental policy they enforce. Some complexes allow weekly rentals, some monthly, some a minimum of two or three months and a few permit daily rentals. If a complex permits daily rentals it is most liked considered a Condo/Hotel when it comes to financing. The difference is that a lender requires at least 20 to 30 % down payment with a Condo/Hotel designated property. Needless to say that the rental potential of a property is directly related to their rental policies. A complex that permist weekly or even daily rentals generates more rental income because most seasonal renters rent for a week and not for a month. Then why wouldn't all complexes permit daily rentals? Because it means more transient traffic and some complexes try to avoid that.
If you are looking for a condo that permits weekly rentals; these are the ones in the Upper Keys:
Kawama Tower, Seagulls, Moon Bay, Summer Sea, Futura Yacht Club, Ocean Pointe and The Palms.
Here are links to what units are currently available in each of these complexes:

Kawama Tower:
Click'>">Click Moon Bay:
Sea Gulls:
Futura Yacht Club:
Summer Sea: Click'>">Click
Ocean Pointe:
The Palms:
If you would like further info on any of these properties please contact me at

Have a happy Sunday and thanks for reading my blog.

Monday, March 24, 2008


Here we are! Things are moving! Properties are going under contract , they are closing .... we are getting towards the end of this tunnel ..... at least in the Keys. Part of the reason is that a lot of sellers have woken up, smelled the coffee and lowered their asking prices to prices they should have been to begin with.
I will keep this blog short because I want to give you the updates:
These are the new listings since my last blog:

All properties in the upper Keys that have gone under contract:

and all solds:

Here is a great quote by Warren Buffet: "Be fearful when others are greedy and greedy only when others are fearful."

Don't wait too long!
Thanks for reading my blog!