All Forum Posts by: Collin Hays

It sounds really nice. But keep in mind, what is "new" now will be "old" in 10 years. A condo isn't the worst investment; that prize goes to a timeshare.  

Just keep in mind you are buying a commodity. With commodities, such as oil, soybeans, gold, cattle, and copper, there is no distinguishing feature that separates the units. They are all the essentially the same, and the price is simply a matter of supply and demand. That is why these are typically traded, rather than invested in.  

Where that cycle is in downtown Nashville is anyone's guess.

I haven't seen a calculator on BP.  Link?

Every situation is going to be unique. You either sell or convert to a different type of rental.  This is a distinct risk, particularly when you are buying in a residential area that has historically not been zoned for inns. It should be an expectation that the laws will eventually turn against you, or that code is actually enforced at some point.

In the world of Short Term Rentals, everyone is all about free enterprise, until one opens up next door.

This is a great write-up. Clearly you are best in class among the managers in central FL.  Great job!

With FAFSA, who knows. Your accountant will probably have a good idea. I am not aware of any loopholes for you.

Neither is particularly accurate.  It's best to do your own research and check calendars and rates in your peer group. We have several clients that bought houses based on some AI-generated numbers who are deeply underwater.

 We manage a property in this exact situation. All of the properties are basically identical, and the cheapest ones win the bookings. That has always been my beef with condos. They are just a commodity.

 I don't think anyone is making bank selling books about vacation rentals.  ;)

Jeremy, I would try Southpoint Risk in Knoxville. Even if they don't write policies in GA, they will probably know brokerages that do.  Ask for Sara.

Your ROI for Facebook ads will be substantially less than your listing on the major platforms. There is a specific type of guest interested in your property. Facebook ads are a "buckshot" approach that will likely miss your target, unless all of the stars line up.