All Forum Posts by: Chris Mury
Chris Mury has started 4 posts and replied 172 times.
Post: Automate codes for Smart Lock
- Realtor
- St. Augustine, FL
- Posts 180
- Votes 100
One some of our listings we're using Guesty for Hosts with Schlage Encode locks. Works seamlessly 99.9% of the time (only 1 hiccup that Guesty is working to fix).
On others, we use Schlage Connect with RBoy Apps RLA software and a Smartthings/Aeotec Hub. That also works really well but is less intuitive to set up.
Post: Selling without an agent.
- Realtor
- St. Augustine, FL
- Posts 180
- Votes 100
Quote from @Michael Douglas:
My wife and I have a house we are planning to sell. It currently has a tenant in it with a lease expiring at the end of June 2022. We could just contact a realtor to list it for us and sell it retail. We really want to minimize any rehab and carrying costs incurred during the time that it is on the market and the time needed to close. We are open to the idea of selling it without a realtor to avoid the commission of $25k +. We could discount the retail price (based on comps) by the 6% sales commission if we could avoid paying an agent.
Any thoughts on this dilemma? Many thanks.
Why go through all that headache if you're just going to discount the sales price by the commission amount and net the same in the end? Wouldn't the idea be to net more by not paying a commission? If that's your plan just hire a great agent and be hands off. On average, FSBO homes sell for less and spend more time on market so you need to feel confident in your market knowledge and negotiation skills to pull this off. I'd also be prepared to receive phone calls from buyer's agents expecting a commission (probably 2.5-3%) if they bring you a buyer. Just food for thought...
Post: New to St. Augustine Market - Looking to Make Connections!
- Realtor
- St. Augustine, FL
- Posts 180
- Votes 100
Quote from @Sam Patterson:
Hey everyone!
I'm moving from Long Island, NY (originally from the UK) to St. Augustine in a couple of weeks time, and would love to get to know people in the area!
Looking to connect with fellow investors, lenders, contractors, wholesalers, realtors and everything in-between!
I'm looking to get started by doing simple cosmetic rehabs on ranches & small multi-families (long shot I know haha), converting them to STRs in St. John's County with a focus on the St. Augustine area (east of intracoastal). I have some experience in real estate back in the UK, where I was a land development consultant, but just getting started in this market, so any advice / help would be very much appreciated!
Post: STR St. Augustine Florida
- Realtor
- St. Augustine, FL
- Posts 180
- Votes 100
Quote from @Don Harris:
I just bought a condo in St A , The Greens, in St A Shores. Can you share any handyman or vendor contact acts. Need flooring, paint, repairs, etc. Thanks in Advance ! Don , 704-962-0979,
Hey Don! I've got you covered. Just sent you a text.
Post: Host Financial Reviews
- Realtor
- St. Augustine, FL
- Posts 180
- Votes 100
@De Chappell
Would love to hear more! I’m doing a deal with them right now.
Post: FL Home inspector delays inspection report 5+ days
- Realtor
- St. Augustine, FL
- Posts 180
- Votes 100
@Heather Hall
Perfect! Hope you can get to the finish line.
Post: FL Home inspector delays inspection report 5+ days
- Realtor
- St. Augustine, FL
- Posts 180
- Votes 100
Quote from @Heather Hall:
Hello folks, we are in the process of purchasing our first STR in FL. We have previously only purchased LTRs in TX, CA, and CO. We live several states away and have relied on a local/investor-friendly realtor to hire a home inspector for us. Time was of the essence, as we are buying a property that is already a furnished, fully-booked STR, and the seller stated we could only have access to the unit on March 30 (when no guests would be there) to conduct an inspection. Our purchase contract stated our inspection period ended on April 4/ tomorrow; meaning, Monday, April 4 is our final opportunity to cancel the sale and keep our earnest money, if we are unhappy with the inspection results. HOWEVER, we have still not received any inspection report and learned from our realtor's office today that they could not reach the inspector all weekend. So, we asked for an extension of the inspection period until Friday, April 8, BUT . . . questions abound:
1). Is the home inspector in violation of any FL laws, code of ethics, etc. by delaying our report this long? What options/recourse do we have?
2). Would you rather hire a different inspector at this point? We learned today the realtor's office had never used this inspector previously but the realtor's office hired him based on online reviews.
3) We never received any invoice or estimate of cost for the home inspection prior to the realtor hiring the inspector and today asked our realtor for documentation of any agreement, emails, etc. which would show the realtor did clearly give the inspector inspection deadlines, etc. but so far we have nothing . . . meaning we do not know what our charges will be, etc. What would you do? Ask for discounted service from the inspector?
4) To complicate things further, this inspector also did a mold inspection for us and we are waiting for the lab results to come back but that might not be until as early as Tuesday and we learned he did find mold in the vents. (To clarify, we have NOT received any inspection results yet, not even the basic home inspection which covers HVAC, appliances, etc.)
Any other ideas/thoughts/ suggestions?
Thank you.
Certainly unusual behavior on the part of the inspector. Normal turnaround times in this market are 24-48 hours for a home inspection report. Who knows, maybe the inspector became ill or had a family emergency?
I think it's time to move on from this inspector. You can call into question things like laws and ethics but none of that will help you get this deal done today. Focus on what you can control.
I'd have your agent explain the situation to the listing agent and ask the sellers for an extension of your Inspection Period. Find a new (vetted) inspector, understand their fees and turnaround times, and get them scheduled asap. The Seller would probably rather keep you under contract and extend your Inspection Period than kick you to the curb and have to find another buyer. You need to present yourselves as wanting to continue with the deal and this mishap with the inspector as being outside of your control.
Good luck!
Post: STR Property Manager Search - Gainesville, FL
- Realtor
- St. Augustine, FL
- Posts 180
- Votes 100
Quote from @Nick Velez:
Hey Kevin,
I just purchased a STR in Gainesville as well. I could give you the name of a few STR managers I know here but I would consider self managing. Feel free to pm me anytime!
Hey Nick could you please either PM or post your Gainesville property manager recommendations? I have a customer looking to purchase there and they don't want to self manage. Thanks!
Post: Condo-Hotels in South Florida: Yay or Nay?
- Realtor
- St. Augustine, FL
- Posts 180
- Votes 100
@Kevin Pillow
Great point. OP should also be aware that most condotels are non-warrantable making seller financing and cash your most likely purchase options.
Post: Small Multifamily and Short-Term Rentals
- Realtor
- St. Augustine, FL
- Posts 180
- Votes 100
@Eric Garcia
Hey, Eric. Yes, I’ve been successful with this strategy. Did you have a specific question?