Which Investment Property is right for you?
Investment properties can be tricky, and we manage a wide range of investor portfolios. We have sold nightly, monthly, annual, and offer new construction investments as well. In addition, our office manages over 50 rental properties. We know the business well and look forward to helping you reach your investment property goals.
Which Investment Property is right for you?
There are many ways to invest in real estate with varying amounts of money, and varying degrees of time commitment, capital, investment horizons, risk, and return potential. Some earn income and appreciation, and some only earn income.
Nightly VACATION RENTAL
Think about short-term rentals as a hospitality business, rather than an apartment rental business. Nightly rentals have became increasingly popular over the past few years. Our investors have enjoyed the monthly income as our market is very strong in this category.
Monthly SEASONAL RENTAL
Month-to-month leases are exactly what they sound like—an agreement to rent a space on a monthly basis. Many also choose to rent their monthly properties on a “seasonal” basis. People from all over the world visit our area on a seasonal basis which peaks from January to April.
Annual YEARLY LEASE
Long term rentals have continued to be a consistent and a great source of income. All real estate investors would like to get as much value for their dollar as possible, and owning longterm rentals is a great way to do so. Landlords with traditional lease terms don’t need to worry about seasonal demand or market fluctuation as much. A long-term rental is a consistent and very reliable way to increase an owners cash flow and help them achieve financial freedom.
KEITH & TINA SLATER
REAL ESTATE BROKER | OWNER
keith(at)coastalhomeadvisors(dotted)com
4675 Gulf Blvd, St. Pete Beach, FL 33706
Nightly
VACATION RENTAL
Benefits
- Earning potential – at times being twice the daily rate of a long-term rental
- Hosts get to choose when to offer their space and for how long
- You set fluctuating rates depending on your area’s high and low seasons.
- Extremely popular with travelers
Challenges
- High Maintenance expenses
- Wear and tear
- 30-40 hrs of work per month
- Reply to messages everyday
- Demanding/disrespectful guests
- Managing Reviews
- Coordinate Cleanings/Repairs
- Keep up to date on laws
- Competition – Thousands of Hotel rooms and other nightly rentals
- Good visuals/ descriptions are a must for the property to stick out amongst the crowd.
- Volatile income
Monthly
SEASONAL RENTAL
Benefits
- Earning potential – higher than annual rentals
- Lower maintenance expenses than nightly rentals
- Hosts deal with less turn-over and wear and tear than short-term rentals
- Host has more flexibility than longterm rentals.
- Less than 5 hours’ work every month
- No need to deal with short-term rental laws
- You set fluctuating rates depending on your area’s high and low seasons.
Challenges
- Earning Potential – less than
- Vacation Rentals/Nightly Rentals Lack of marketing channels
- Disrespectful guests – not as bad as nightly
Annual
YEARLY LEASE
Benefits
- Steady income
- Occupants are more responsible with your property
- Lower property Management fees
- You make an income while your property appreciates
- High Demand in our area
Challenges
- Earning potential – Long-term rentals have the lowest rent compared to short-term and month-to-month rentals.
- Landlord faces many restrictions if he or she wants to raise the rent.
- It is necessary that landlords do thorough background checks on potential tenants to avoid being stuck for months on end with issues.