Hollywood can be attractive for real estate investors because it has coastal condos, single-family homes, multifamily properties, downtown redevelopment, tourism demand, and proximity to Miami, Fort Lauderdale, beaches, FLL airport, and Port Everglades. However, investors should evaluate each property carefully rather than assuming all Hollywood properties are strong investments.
Short-term rentals are regulated in Hollywood. The City requires a Vacation Rental License application, and the city code includes standards for parking, occupancy, posting, life safety, advertising, and other requirements. Investors should also review condo rules, HOA restrictions, zoning, insurance, flood zones, taxes, reserves, and projected net operating income before purchasing.