Buying with a Partner: How to Co-Invest in a Short-Term Rental in Florida

Thinking about teaming up with a friend, family member, or business partner to invest in a short-term rental in Palm Beach County or Southeast Florida? You’re not alone! Co-investing is becoming one of the most exciting (and smartest) ways to get into the STR market while sharing the journey.

At SoFlo Coastal Group, we help buyers, sellers, and investors every day—whether it’s finding the perfect coastal property, managing a vacation rental, or navigating partnerships.

Why Co-Investing in Florida STRs Works

Florida isn’t just sunshine and flip-flops (though we love those too 🌴). It’s one of the most active vacation rental markets in the U.S. thanks to year-round tourism, golf, boating, and beaches.

By investing with a partner, you can:

• Boost your buying power and access hot neighborhoods like West Palm Beach, Palm Beach Gardens, or Lake Worth Beach.

• Share risk and expenses, including repairs, upgrades, and seasonality dips.

• Combine skills—one of you handles finances, the other guest experience and design.

Setting Up Your STR Partnership

Before you start browsing homes for sale together, take time to structure your partnership right:

1. Choose an Ownership Setup
   Many partners form an LLC to simplify profits and protect personal assets.

2. Create an Agreement
   Outline who’s investing what, how profits are split, and responsibilities for property management, repairs, or bookings.

3. Define Roles Clearly
   Decide who handles bookings, who manages the finances, and whether you’ll outsource to a professional STR management service in Palm Beach County.

Financing Tips for Co-Investing

Money can get tricky, but planning ahead keeps partnerships smooth:

• Consider DSCR Loans (Debt Service Coverage Ratio) that qualify you based on projected rental income.

• Split Down Payments & Expenses fairly and document everything.

• Save for Reserves—because Florida A/C units always pick July to give up.

If you’re new to this, check out our insights on short-term rental investing.

Example: A Coastal STR Duo

Picture this: you and a friend buy a Delray Beach bungalow steps from Atlantic Ave. She handles the interior design (hello, coastal chic 🌊), and you oversee guest bookings. Together, you run a high-performing Airbnb while enjoying owner stays. That’s co-investing at its best!

Don’t Want the Day-to-Day Stress?

If you’d rather skip guest messages at midnight, hire a team like ours! The SoFlo Coastal Group management program handles everything—listings, bookings, guest communication, cleaning coordination, and performance optimization.

Ready to Find Your STR Partner Property?

South Florida has no shortage of amazing STR opportunities, from stylish condos in West Palm Beach to golf retreats in Palm Beach Gardens.

📲 Call or text me today: Melissa Naman, REALTOR® – 732.754.9323
🔗 Instagram: @melissa.buy.sell.invest