Third generation of long-term rental investing

[Michelle Potter]

Long-term, buy and hold rentals. Family business, now it's my turn. California is crazy overpriced, so I'm investing in my home state of Florida. Nice to meet you all!

[Ryan Spath]

Congratulations on reaching the third generation of investing—what an incredible legacy! I can only imagine the stories and wisdom your family has gathered over the years.

We don’t have much experience investing in California ourselves—just the occasional visit and some eye-popping Zillow browsing! Florida, on the other hand, is a vast and dynamic market. I grew up in South Florida and went to college in Jacksonville, so it’s been home for quite a while.

We currently hold a handful of buy-and-hold properties along the East Coast in a small town, and they’ve performed well overall. That said, insurance and property taxes have definitely crept up in recent years—something to keep an eye on.

Make sure you connect with a top-tier local agent—they can make all the difference. If you ever need a referral for Indian River or Brevard County, I’d be happy to connect you with someone great.

Best of luck, and welcome to BP!