STR in miami for airbnb

[Michelle Gomez]

Hello, I've decided to start my STR business in South Florida (Miami and Fort Lauderdale) as I'm currently in the research phase. I'm looking to do arbitrage where I can rent a single-family home from the owner and scale from there. I have property management experience in the past along with hospitality and I am very interested in networking and trying to figure this all out.

I have a few questions:

I've already created my LLC and wanted to see where I can network to gain more insight on how to scale down here.

Is it too saturated to find a property to do single-family home STR here? I have mashvisor to help me with research but it seems like its been difficult to find a property that would profit...

Book recommendations for STR?

Any other tips you can suggest when starting out?

[Andrew Bosco]

Hey there, Check on FB for local STR meetups. Start underwriting 2-3 deals a day. Use AIRDNA to figure out comps for your area. Check AIRBNB/VRBO for rates as well to see compared values. I would say networking right now is your best bet. Building your knowledge in parallel is just as good too.