Real Estate Views from St Pete

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When is renting a business?

Many areas of Florida are objecting to short term rentals - those owners who rent their homes out for short periods of a week or a fortnight. Condos usually don't have this problem as the condo docs generally specify a minimum rental period. Homeowners associations generally don't and zoning regulations generally don't. They will specify that the property cannot be used to run a business. Is renting a home on an annual basis "conducting a business?"  I think not.  What about renting a home continuously for short periods?  That's the big debate.

Another aspect that will soon come into play is homeowners renting boat slips. It's generally been ok to rent your dock and slip out if you aren't using it - that's still kind of like one boat per property. But as marinas are closing and getting more expensive, we see more homeowners renting space to 2 or 3 or 4 boats. The same question comes up - is this a business?

Sharon Simms, Real Estate Agent selling homes in St. Petersburg, Florida, the Gulf Beaches and the Tampa Bay area.   

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