If you homestead your property, but you also rent it out, then you may lose your property’s homestead status on the part of the property you are renting if the property appraiser finds out that part of the homestead is rented. And if you rent the entire homestead property or a substantial portion of the homestead, that could constitute abandonment of the homestead. Homestead will be considered abandoned and totally lost if you rent the entire property or a substantial portion of the property for more than 30 days per calendar year for two consecutive years. See Florida Statute 196.061(1).
There is an exception to Florida Statute 196.061(1) for certain U.S. military personnel. If the military personnel’s service in the military requires moving away from the person’s homestead, then Florida Statute 196.061(2) allows the person maintain homestead on the property and to rent the person’s property without loss of homestead.