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Updated 8 days ago on . Most recent reply

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Clinton Davis
  • Rental Property Investor
  • Memphis area
51
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100
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STR beginner here looking at PCB

Clinton Davis
  • Rental Property Investor
  • Memphis area
Posted

I have been a LTR landlord for 20 years now but I've been recently wanting to expand my strategy and possibly looking at trying out the short term rental scene. I normally vacation along the Florida panhandle like Perdido key, Panama city beach etc. and so naturally, as a real estate investor my antennae go up when I travel there and my curiosity starts to tug at me wondering if this is something viable for me. I would love it if you could give me some idea on what kind of expenses I would be running into. I am looking at doing a condo and perhaps managing remotely myself and listing on airbnb and/or vrbo. But I know Florida is very seasonal. How much Occupancy do you have through the seasons? Peak seasons and down seasons what can I expect? HOA fees, insurance, property tax etc etc. What should I expect? With a condo do you need hazard insurance still? Sorry but this is like a whole new chapter that I want get the first hand details from experienced STR owners. Thank you

Most Popular Reply

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Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
  • Olympia, WA
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Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
  • Olympia, WA
Replied

@January Johnson! Calling @January Johnson!

She is an expert in that area @Clinton Davis. Reach out and see what she says.

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