Yes, and you never have to set foot in Florida to do either one. Absentee ownership is completely routine, it just runs on different paperwork than an owner-occupied sale. Note this thread is from late 2021, so the market context has changed a lot since. The mechanics have not. For the rental side, the answers above are right that a property manager is the piece you need, and I would add one filter: hire one who is licensed in Florida and who will send you a monthly owner statement, not just a check. Ask what they charge for tenant placement on top of the monthly management fee, ask who holds the security deposit, and ask what their maintenance approval threshold is. That last one is where absentee owners get surprised. For the eventual sale, three things to know now so you do not paint yourself into a corner. A lease conveys with the property. If you sign a two year lease and decide to sell in year one, the buyer takes the property subject to that lease. That does not make it unsellable, it makes it an investor sale rather than an owner-occupant sale, and that is a smaller buyer pool at a different price. If you think you might sell within a year or two, keep the lease term short or month to month. At closing you will be asked for an estoppel certificate, a signed statement from the tenant confirming rent, deposit, and that there are no side agreements. Keep clean records now and that is a non-event later. Keep sloppy ones and it is a fight. You will not need to fly down. Florida allows remote online notarization, so signing happens by video and e-signature, and your proceeds wire to you. Two more worth a conversation with your own advisors. If you rent it and later sell at a gain, ask a CPA about depreciation recapture and whether a 1031 exchange makes sense, because that has to be set up before you close, not after. And check what New York and Florida each do with the rental income on your return. I am a real estate professional, not a CPA or an attorney, so take the tax and lease questions to the right people. I work in Los Angeles and the South Bay, so I am not the right agent for Sarasota County, but I am happy to connect you with a strong North Port area agent or property manager if you still need one. Zoltan Peresztegi, Los Angeles and South Bay real estate professional


