Florida Foreign National Investors | Short Term Rental Permits increase the value of your investment property
Foreign Nationals looking to purchase 2nd home and investment properties in Florida need to look no further than the availability for Short Term Rental Permits if they want to have the ability to rent out their condominium, single family house, or townhouse when they are not using it much like they would find in a Condo-Hotel/Condotel.
Many cities have created a licensure process for property owners and developers that will allow a property to be rented more than once within a year and with rental commitments/leases as short as a few days to a few months.
For instance, in Clearwater Florida, all short term rentals must be registered and licensed with the city. The purpose of licensure is to ensure a safe community and to enforce minimum housing and development standards. The property is also required to maintain an occupational license, thus paying additional taxes to the city.
For more information about Foreign National Investments in Florida follow this link -o-> Florida Foreign National Investors | Short Term Rental Permits are Key