Property Rental:

Florida, especially the Sarasota and Bradenton areas, is a very desirable place for people to move to, or vacation at. People are coming here in, what seems like droves, Midwesterners, East coasters, Canadians, and Europeans, are arriving here as tourists, retirees, and vacationers alike. Our vibrant economy with many business opportunities makes Sarasota a good choice for any lifestyle.

It is estimated that during the tourist season (January to May), thousands of people arrive here to vacation, relax, or just have fun. Sarasota is widely known as the Cultural Capital of Florida. The city lives up to that reputation by offering events and venues such as a professional symphony, ballet and opera. There are also dozens of golf courses, theaters and art galleries, first-class resorts, and spas, five star restaurants, and upscale shops. But, by far, the biggest draw is our fabulous beaches.

Sarasota and Bradenton are home to some of the best beaches and the finest boating in the world. With their turquoise blue water, and white, powder soft sand beaches, is it any wonder that most people who visit Sarasota want to stay. I know I did!

Because it is such a desirable place to visit, the Sarasota and Bradenton areas are a good place for rental properties. As an example, here is what a condo in Cedar Hollow, a golf community in Tara Preserve, would rent for:

Average Vacation Rental Rates for Condo units in Cedar Hollow:
January – April (Season) $2,000.00 to 2,700.00 per month
April - $1,000.00
May - August $850.00 per month
September - December $950.00 per month

Average Vacation Rental Rates for Other types of Rentals:
Some single family homes and detached villas.
January - April (Season) $3,000 to $4,000 per month
May - August $2,000 to 2,500 per month
September - December $2,600.00 to $3,000 per month

If the home sits on a golf course, or has a golf membership with it, the rental prices jump dramatically.

* NOTE: If you decide to declare any rental income, you will have to pay a Florida rental tax on the money you earn. Currently it is 10.5%.

* Most communities will only let you rent out the property 3 times a year. That means you can rent it for 4 months 3 times, or 3 times for one month, or all year long. If you, your family, relatives, or friends use the property it does not count as a rental.