All Forum Posts by: Aaron T.

John,

Are you using Guesty? do you have any feedback from it? I did a demo with them today. I was interested in their services.

now is a good time to do all your research and pull the trigger when you find the opportunity that fits your business plan. The storm has created some opportunity with foreclosures and bank repos from those that fled to the United States. With that said, the foreclosure process takes forever in PR. The upside is that properties dont appreciate a lot in PR, so if you buy now or in 12 months, you will pay roughly the same price.

I just got back from PR over the weekend and there is still opportunity. Just do your research before you buy. There are rules that are different than stateside. Such as you will need to use a bank in PR to get a loan, commercial certificates, municipality certificates, etc... these are all the things you should know ahead of time, because they all cost money.

The government of PR always has a palm out for money, so just know what you are getting into before you buy. 

With that said, i plan on buying a VR in the next 12-24 months in PR.

 Cris, I could not speak intelligently on those areas, as they are not where I focus. I do know they have better price points, and therefore would cash flow better. There are still good deals in those areas for fix and flips, and rentals. There are several board members here that could give you a bit more granularity as that is their strike zone. 

 The only problem with South Tampa at the moment, is the prices are up, and the rents have not kept up; They will not cash flow well or at all. The other variable you want to keep an eye out for is flood insurance, that is another deal killer. 

For that kind of money from the OP, i would be looking in the Gibsonton / Riverview area. there is a lot of new construction that you can pick up for a decent price.

Great area, i live just down the street.

I rent next to UT in Tampa. i do not target the types of students one way or another. We just do proper screening and most of the time dont have any issues. 

Honestly, i dont think it matters if the students were like me or not, they are either going to do the right thing or not.

I search myself to see who has like properties in the same area. then check out their calendars. Fortunately for me, i have out performed 75% of the people in my area. I stay booked 20-26 days a month.

I pay around $500 for queen mattresses at SAMS club.

 Andrew, do they specifically handle VRs, or are they general administrative VAs?