Rental rates have gone up significantly in the the Upper Keys, this is true for long and short term rentals. Even though condo association fees have gone up as well it can be offset by renting the property. I have seen more 1031 exchanges in the past couple of years. Don't forget to mention you are doing a 1031 exchange when purchasing a property. It must state in the contract that an exchange may take place.
Rental restrictions vary from complex to complex, most have a 30 day minimum rental period, some permit weekly and a few daily rentals.
These are all condos where you may do weekly rentals currently on the market:
Click here
If you are interested in this or any other property in the Keys, please contact me, Veepka at 305-393-0923 or VeepkaC21@gmail.com
I look forward to hearing from you!
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