Advise for a STR newbie

[Jenny Bui]

Hi Anyone has STR in Navarre Florida or knows about this area could give me some advise. I found a nice beach house that I contemplate to move forward as the current occupancy rate doesn’t provide the positive cash flow but it is a very nice property. It has just recently renting out and it seems to produce more income compare to last year. However by adding up the number it still provides a negative profit. Would the number improve if I increase the bed to fit more sleep? Or should I ReDuce the Rental fee Eliminate the PM? Is it manageable if I live out of state? Do you know the occupancy rate currently for Navarre? The reason I like Navarre is that It’s not as commercial and more affordable Than Other parT Of Florida Any adviSee For This NeWVie IS GReAtlt Appreciated !

[John Underwood]

Generally adding more beads can increase the daily rent amount. This allows more than one family to vacation together and split the costs.

VRBO and Airbnb make it easy to remote manage and eliminate the PM cost which can make the difference between making or losing money. 

It is critical to have a dependable support staff, namely the cleaning staff.