Â I am constantly asked the same question, "Where would be the best place for me to buy a rental property?".Â The best place to purchase a rental property depends on you and what you plan on doing with the property you are purchasing.
I you are looking atÂ purchasing a daily, Â or weekly rentals, Â then specific places on the beach that cater to that type of renter would be the best for you.Â Looking for long term seasonal Â rentals?Â Then you will probably want to be closer to the beaches, airports and shopping.Â South Ft Myers is close to the beaches of Sanibel Island or Ft Myers beach.Â Bonita Springs is close to the southern end of Ft Myers Beach.Â Gulf Acess and freshwater canal homes are popular rentals in Cape Coral.Â Cape Coral is approximately 20 to 30 minutes from both Sanibel Island and Ft Myers beach.Â
The rental agents are also telling me that there is a shortage of long term rental properties through out Lee and Collier counties.
If you are purchasing a property to rent, ask your R
ealtor to check the lease limits on the property you are purchasing, you will also want to get a copy of the community bylaws, (HOA or Condo Docs.)Â When you are purchasing a used property you will have three days to look them over and decide if that is the best community for you.
Joanne LaFleurÂ Broker/Associate
Jones & Co Realty