;Beachside Daytona Beach Rental Market

[Mike Loughry]

Hello- We have a multifamily on beachside Daytona Beach, and are trying to figure out how much to invest in renovations as units become vacant. It seems like the asking rents on renovated new rentals have gone up a lot, so we are wondering if it is worth doing renovations to try to attract a good tenant pool? In other words, is there a pool of tenants on beachside that can actually afford the much higher priced units that are newly renovated?

Your opinion is greatly appreciated!

Thanks,

Mike