How's the market? Northeast Florida - November 2023
Tuesday, November 07
With 7,135 active listings on the market and just over 3 months of housing supply, there are still not enough homes on the market and pricing remains strong. With pent up demand at an all time high, new construction increasing in market share and home prices strong, it begs the question, what wo...
Short term rental income: Meaningful or meaningless?
Tuesday, October 31
It is standard practice to want to see the annual revenue and expenses when you are purchasing a rental property. Going over earnings over the past few years gives you a sense of what you too could cash flow and is a way to value a business. But should we be applying this to short term rentals i...
Mindy’s renovation update: My greatest Mistakes
Monday, October 02
There’s nothing more painful than making bad decisions with your own cash. Since buying my property in West Augustine last year the learning curve has been enormous. It’s not like I haven’t done a renovation before, but with this one dealing with two major renovations with both houses on proper...
Short Term Rentals – State of the Market in St Augustine, Florida
Tuesday, September 19
I recently hosted a Zoom call for my investors where we had one of the city's best short term rental management companies, LUX St Augustine Vacation Rentals comment on the state of the market here. Here are the major takeaways:The St. Augustine short term rental market is saturated, very competi...
Long term rental tips from a Property Manager
Tuesday, August 08
Matt Kelley, property manager at Remax Realty, joined my investor call this past week to discuss property management for long term rentals. This is a hot topic because of the growth we’ve seen in St Johns County and the severe lack of rentals. These are rentals that where tenants stay for more ...
Supercharge your STR – Glam updates for less
Wednesday, August 02
I’ve learned so much since buying Casa Lovett in January. Downtown St Augustine has hundreds of short term rentals and the competition is fierce. There are a lot of new construction vacation homes however, I still believe visitors come here to enjoy the charms of places they wouldn’t see anywhe...