Fort Lauderdale isn’t just a great place to vacation to, or to live – right now, it’s one of the hottest Airbnb investment locations on the planet. These 5 reasons explain why you’ll struggle to find an opportunity quite as good anywhere else:
Fort Lauderdale was listed as one of the top 10 markets in the U.S in PWC’s Emerging Trends in Real Estate.
Why? The demand. In 2018, hosts in Fort Lauderdale and Broward County earned a combined $80 million. Visitor numbers are consistently growing – they’re loving the opportunity to stay in wonderful properties boasting waterfront views and luxurious amenities.
Airbnb has provided an economic opportunity for residents of Fort Lauderdale. With beaches, shops and restaurants galore, Fort Lauderdale has it all. This has helped it earn its nickname as ‘The Venice of America’, and encourages visitors to return year on year. What’s more, reason number two is even better for potential investors!
No, this isn’t a joke. If you want to earn yourself a slice of the $80 million pie that Airbnb hosts and homeowners from Broward County made in 2018, it’s been made cheaper and easier!
The application fee to be a legal vacation rental owner in the City of Fort Lauderdale was, amazingly, reduced from $750 to just $350. The renewal fee was also lowered – from $500 to a much more reasonable $160.
Encouragement of this kind from the City is rare, which makes the current opportunity in Fort Lauderdale incredibly unique. If this hasn’t convinced you, the next three reasons definitely will.
We’ve already established that Fort Lauderdale is in high demand from tourists – and it’s easy to see why.
Millions of dollars are being invested into magnificent projects making Fort Lauderdale even more desirable. Take 100 Las Olas for example, the tallest and one of the newest buildings in Fort Lauderdale. It’s luxury condos present an incredible investment opportunity right on the iconic Las Olas Boulevard, a prime hotspot which attracts visitors to Fort Lauderdale.
Guests at 100 Las Olas can take a stroll along the canals from Downtown, admiring the breathtaking waterfront villas and spectacular yachts on their way to the A1A (or in other words: the beach). No wonder there’s a year-on-year increase of tourists visiting Fort Lauderdale!
Airbnb management companies like Houst can take care of everything for you, allowing you to benefit from fantastic earnings, but without the hassle of managing bookings and maintaining a property yourself.
Although still a relatively new concept, host management services are launching with increasing frequency. However, none in Fort Lauderdale have yet been able to match Houst in terms of either the low 15% management commission, or the level of service offered.
One of world’s first host management services when we launched in 2015, Houst now operates in 26 cities worldwide including Miami, and we’ve solidified our reputation as the global leader in Airbnb management.
Houst’s mission is to make hosting hassle-free, and we’ve built this into out service from day one. Hosts are paired with dedicated account managers, and a full range of services are provided to create a seamless experience for both our hosts and every guest staying in their properties.
From providing hotel-quality linen, 24/7 guest communication and thorough guest screening, through to organising 5-star cleaning services, personalised earnings optimisation and a purpose-built host dashboard, Houst’s service is hard to match.
Whether you’re a property investor, you’re looking to make some extra cash from a second home when you’re not there, or you’re frequently travelling away from home, Houst can help you earn more from your property.
OK, this reason explains itself. Sun, Sea, Sand… It’s all there in Fort Lauderdale! With everything else the area already has to offer, having such beautiful beaches down the road really is the icing on the cake for tourists.
Takes just 30 seconds.