Sarasota, FL Investor

Sarasota, FL Investor

Investor · Sarasota, FL · Member since 2023 · 7 posts · 5 votes

Good morning!  I recently located to Sarasota, Florida from Iowa and am looking to invest in single family homes to buy and hold.  I have 11 properties, one short term and 10 long term rentals.  At this point I am looking to do medium or long term rentals.  I got started with RE investing in 2012 as a way to quit my 9-5 job.  

I am currently looking to buy my first mid term rental in Sarasota, FL.  If anyone has any leads for off market move in ready properties or on market with sellers that are motivated, please send me a DM.

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    Real Estate Agent · Sarasota, FL · Member since 2015 · 3 posts · 3 votes
    3y

    Kate, Just be aware of the short term rental restrictions in Sarasota County. They are more strict than either Manatee or Charlotte Counties. The city of Sarasota does allow rentals with 1 week minimum, the rest of Sarasota County is 1 month minimum... with a few exceptions. Just be careful if you're looking for something in Sarasota that allows rentals shorter than those periods. Best of luck!

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    • Real Estate Agent · St. Petersburg, FL · Member since 2020 · 46 posts · 36 votes
      3y

      Hey Kate, welcome to bright and sunny Florida. You've got an impressive portfolio, so far and I wish you luck in acquiring your next FL property.

    • Real Estate Agent · Austin, TX · Member since 2023 · 57 posts · 27 votes
      3y

      Hey Kate, welcome to bigger pockets I have an agent that does a lot of work in the Tampa/Sarasota area with investors. Ill send you over his contact info

    • Investor · Sarasota, FL · Member since 2023 · 7 posts · 5 votes
      3y
      Quote from @Calvin Pringles:

      Hey Kate, welcome to bright and sunny Florida. You've got an impressive portfolio, so far and I wish you luck in acquiring your next FL property.


       Thank you Calvin!

    • Real Estate Agent · Sarasota, FL · Member since 2015 · 3 posts · 3 votes
      3y

      Kate, Just be aware of the short term rental restrictions in Sarasota County. They are more strict than either Manatee or Charlotte Counties. The city of Sarasota does allow rentals with 1 week minimum, the rest of Sarasota County is 1 month minimum... with a few exceptions. Just be careful if you're looking for something in Sarasota that allows rentals shorter than those periods. Best of luck!

    • Investor · Sarasota, FL · Member since 2023 · 7 posts · 5 votes
      3y
      Quote from @Jacob LeBar:

      Hey Kate, welcome to bigger pockets I have an agent that does a lot of work in the Tampa/Sarasota area with investors. Ill send you over his contact info


       Thank you!  It would be great to connect with him.

    • Real Estate Agent · Austin, TX · Member since 2023 · 57 posts · 27 votes
      3y
      Quote from @Kate Howard:
      Quote from @Jacob LeBar:

      Hey Kate, welcome to bigger pockets I have an agent that does a lot of work in the Tampa/Sarasota area with investors. Ill send you over his contact info


       Thank you!  It would be great to connect with him.

      Of course I sent you over his number and he'll be expecting you call!
    • Investor · Sarasota, FL · Member since 2023 · 7 posts · 5 votes
      3y
      Quote from @Jon Swift:

      Kate, Just be aware of the short term rental restrictions in Sarasota County. They are more strict than either Manatee or Charlotte Counties. The city of Sarasota does allow rentals with 1 week minimum, the rest of Sarasota County is 1 month minimum... with a few exceptions. Just be careful if you're looking for something in Sarasota that allows rentals shorter than those periods. Best of luck!

      Thanks Jon, appreciate the heads up.  I hear they are trying to pass some more restrictions as well.  I am going to stick to the 30+ days mid term rentals.
    • Developer · Tampa, FL · Member since 2020 · 84 posts · 59 votes
      3y

      Great conversation going here. Just wanted to pop in and say if any of you are looking for an architect I would be more than happy to assist with any issues. I grew up right in Punta Gorda but my office is in Tampa. We work all up and down the coast including Punta Gorda, Port Charlotte, Sarasota, North Port, Manatee, Lakewood Ranch, really anywhere in SW Florida. 

      We can take on projects of varying scales, residential remodels/new builds to medium commercial projects including multifamily, offices, warehouses, etc. 

      Feel free to reach out directly. 

    • Investor · Tampa, FL · Member since 2020 · 287 posts · 152 votes
      3y

      @Kate Howard just shot you a PM

    • Lender · Member since 2023 · 112 posts · 35 votes
      3y

      Hi Kate, 

      Welcome to Sarasota! Happy to hear your have used RE investing to escape the dreaded 9-5. Our expertise lies in offering loans tailored for rental properties, and I'm well-connected with experts in the field of flood insurance. Feel free to reach out if you need any insights or assistance regarding either of these areas.

      Best regards,

    • Lender · Florida, USA · Member since 2023 · 33 posts · 5 votes
      3y

      Hi Kate! Welcome to SWFL, and congrats on your success to date! I'm around if you want to explore utilizing private/hard money for any of your upcoming deals :) 

    • Realtor · Jupiter, FL · Member since 2022 · 44 posts · 19 votes
      2y

      Welcome to the sunshine state, @Kate Howard !! I hope you have had some successful connections since writing this post (and maybe even a purchase!) 

      I am looking to partner with more local agents on specific client deals, as I am an agent in the sarasota area as well. Could you PM me those agent contacts that you have found helpful?

      thanks so much and CHEERS

    • Lender · West Palm Beach, FL · Member since 2017 · 306 posts · 122 votes
      2y

      Hi Kate, 

      Welcome to Florida! Feel free to use me as a resource for any lending related questions. My brokerage works with over 100 lenders with specialty programs such as DSCR interest only, short term rental/Airbnb loans, Helocs/Heloans on primary and investment properties, Hard money, manufactured homes, land loans, condotels and more. I'm always available for any questions!

      John

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