Licensed Florida real estate brokerage
Your real estate agent for investment property in Hollywood, FL
Investment Property in Hollywood and the surrounding area, with a licensed real-estate professional. No obligation.
Hollywood investors are buying into a market where the typical home was built around 1969, according to the Census, and where one-story block-and-stucco ranch homes from the 1950s through the 1970s sit alongside beachfront condo towers and newer western subdivisions. Whoever you hire should know how roof age, four-point inspections, flood zones and association rental rules affect an older Hollywood rental before the inspection period ends. Look for a Florida-licensed professional who will verify license status with you and explain the paperwork plainly. Premier Real Estate Group Inc is a licensed Florida brokerage (broker of record Maxim Bohadana, license BK3314523, verifiable on the DBPR website).
When you send a request, Premier Real Estate Group Inc or a licensed agent we refer you to will contact you by phone or email. The first conversation is a free consultation with no obligation. We can talk through single-family rentals, condos, townhomes or small multifamily, and what to check before you make an offer. We make no promises about returns, rents or approvals.
Much of Hollywood's stock is aging block housing with original garage doors, plus dense condo towers near the Broadwalk and the Intracoastal. Salt spray rusts garage hardware, gate motors, hinges and deadbolts years faster than inland, so ask what has been replaced and what has not. Older roofs often decide whether an insurer offers coverage at all, and condo buildings can bring association-driven repairs and special assessments. The seller's homestead savings do not carry over to an investor, so property taxes can reset after purchase.
What to know in Hollywood
Flood zone and flood insurance
Hollywood sits on the Atlantic, and flood zones come from FEMA maps. A lender generally requires flood insurance in a Special Flood Hazard Area, and homes outside one can still flood. Standard homeowners policies generally exclude flood damage.
Older roofs and insurance inspections
With a median build year around 1969, many Hollywood homes will draw a request for a four-point inspection covering roof, electrical, plumbing and HVAC. Roof age and condition are frequently the deciding factor in whether coverage is offered, so confirm with an insurance agent early.
Wind mitigation credits
Hurricanes and tropical storms are the main severe-weather threat here. A licensed inspector can document wind features on form OIR-B1-1802, which may support premium credits depending on the insurer.
Condo rental restrictions and approval
Hollywood has a large inventory of mid- and high-rise condominiums. Associations may require buyer or tenant approval and estoppel certificates, and may restrict rentals or short-term rentals, so read the documents and budget before you commit.
Milestone inspections and SIRS
Condo buildings three stories or taller reach a milestone structural inspection at 30 years and need a structural integrity reserve study. Ask for these reports, since they can lead to special assessments in older towers.
Salt-air wear on the property
Properties within a mile or two of the Broadwalk and Intracoastal see heavy corrosion on garage door hardware, gates and locks. Add this to your inspection checklist and budget for upkeep.
Tax reassessment after purchase
Investment property does not receive the homestead exemption or Save Our Homes benefit. Expect your taxable value to be set without the seller's homestead savings, and verify details with the Broward County Property Appraiser.
How we help
- Property searchA licensed professional searches for single-family rentals, condos, townhomes and small multifamily in Hollywood that fit your plan, including areas such as Hollywood Beach, Downtown Hollywood or Hollywood Lakes.
- Comparable rents and salesWe review comparable rents and sales so your offer is based on local data. Pricing depends on condition, location and the market, and we do not predict outcomes.
- Association rental restrictionsWe help you request and read HOA or condo documents, rental rules, budgets and estoppel information before the inspection period runs out.
- Insurance and flood questionsWe point you to flood-zone information and encourage early talks with your insurance agent about four-point, wind-mitigation and flood coverage, so surprises come up before closing.
- Offers and closingWe help with offers and the closing process for financed or cash purchases, including entity documents the title company may request.
Florida rules and paperwork in Hollywood
Investors buying and selling for their own account are generally not required to be licensed, but anyone performing brokerage services for others for compensation must hold a Florida license. Verify status with the Florida Department of Business and Professional Regulation (DBPR), Division of Real Estate, under the Florida Real Estate Commission. Expect an as-is contract with an inspection period, the residential flood disclosure (s. 689.302, F.S.), and condo or HOA document delivery and approval. If the property has tenants, expect leases and tenant estoppels or assignment of leases. Landlord-tenant and security deposit rules fall under Chapter 83, and local ordinances may regulate vacation rentals, so verify with the city and a Florida attorney or CPA. At closing, the documentary stamp tax on the deed is 70 cents per 100 dollars of the price. On a new mortgage, the note stamp tax is 35 cents per 100 dollars financed and the nonrecurring intangible tax is 2 mills. Who pays each item is set by the purchase contract and is negotiable. Try the free Florida Doc Stamp & Closing Tax Calculator at /tools/florida-closing-costs.
Premier Real Estate Group Inc is a licensed Florida real estate brokerage (broker license BK3314523). Verify at Florida DBPR.
Timing and next steps
In Hollywood, demand tends to rise in late spring and early summer as owners prepare for hurricane season, and again from November through April when seasonal owners return. Statewide, fall months often bring more motivated sellers, and 1031 exchange and year-end tax planning can drive a fourth-quarter push. None of this predicts how any one property will sell or perform. To start, call (888) 440-3766 or send a request with the form on this page for a free consultation.
We can also help with investment property searches in Hollywood Hills, Emerald Hills, Boulevard Heights, Driftwood, Liberia, Beverly Park, North Beach, Oakwood Hills and Washington Park, and in nearby Dania Beach, Hallandale Beach, Pembroke Pines, Miramar, Davie, Fort Lauderdale, Aventura and Cooper City.
Investment Property in Hollywood: common questions
- Does an investment property in Hollywood qualify for homestead?
- No. The homestead exemption applies to a primary residence, and owners apply to the county property appraiser, generally by March 1 of the year after moving in. Investment property loses the homestead exemption and Save Our Homes benefit, so verify how your taxes may be assessed.
- Do Hollywood condos have extra checks for investors?
- Yes. Condo buildings three stories or taller must complete a milestone structural inspection at 30 years and have a structural integrity reserve study. Ask the association for those reports, the budget and any rental or approval rules before you buy.
- Why does an older Hollywood house matter for insurance?
- The median home here dates to about 1969 per the Census, and insurers commonly ask for a four-point inspection on older homes. Roof age is often the deciding factor in coverage, so confirm requirements with your insurance agent.
- Can I use a property in Hollywood as a short-term rental?
- It depends on the association rules, local ordinances and registration or tax requirements. Verify with the association, the city and the Florida Department of Business and Professional Regulation before you offer.
- Do you charge for the first conversation?
- No. The consultation is free and carries no obligation. Premier Real Estate Group Inc or a licensed agent we refer you to will contact you by phone or email.
Tell us what you're looking for — Hollywood
Budget, property type and area. A licensed real-estate professional will contact you.
Licensed brokerage
Premier Real Estate Group Inc
Broker of record Maxim Bohadana, Florida broker license BK3314523
(888) 440-3766