All Forum Posts by: Gerald Pitts

@Richard Y @Khaled El Dorry @Gerald Pitts thank you guys. Regarding the photos looking a bit over processed...I totally agree. I'm trying to figure out how to dial those down 

The post processing on those photos are a bit aggressive. Some people may hesitate and wonder if they were heavily photoshopped, but I could tell the place is very well done. Perhaps dial down the effect just a tad to give it a bit more authenticity.

One of our places used to be roughly 75% AIR and 25% VRBO (I track these kinda stats in an Excel Spreadsheet). It is a downtown place which 'could' attract more millennials, so I chalked it up to that.... (AIR being used by younger folks more that is)

I notice a distinct difference this year, starting almost exactly with the beginning of the year......we are now at 50/50% or better for VRBO. Pretty big shift in a short period of time.....

So I heard last year that VRBO was making a sustained push to gain market share....I wonder if it could be working this quickly or if I am seeing a coincidental shift just related to my property?

Be careful about the 14 day personal use rule in case that applies to you. Just because you aren't personally using it, it is being not rented for personal use by your guests, so technically their usage may use up some of your 14 days allowable personal use.

Another thing to consider is with a property management company usually in the fine print is something about how many personal weeks you may use. They don't want to take on a client where you block off 11 months of the year for personal use, it's not worth it for them. So they may say something like no more than 6 weeks personal use, and they won't care if it's you or your family or your friends, if they are not getting commission then it's personal use to them.

Yes you (they) will pay any fees related to checkin/checkout such as cleaning or linens or trash pickup, etc. but should not get charged anything for the stay.

Hi everyone,

I'm an aspiring real estate investor. I'm considering investing in a short-term rental near the New Smyrna area since it's somewhat near where I live in Central Florida. However, understanding all the zoning restrictions regarding STRs, where they're allowed and what markets are best is a bit confusing to me as a newbie. I'm doing a lot of research online, but it feels a bit overwhelming (and confusing) right now.

Do any of you own STRs near New Smyrna, Edgewater, or Daytona? What restrictions do you guys face? How well do your STRs do overall? What suggestions would you give me?

Thanks for any and all insights you can provide. I'm so grateful!

I wanted to know if anyone had recommendations for competitive lenders in the Gulf Coast area of Florida (Emerald Coast or Panama City Beach).  I would like to establish a connection in those areas and get preapproved.

Much Appreciated! 

Matt

Thank you John. I appreciate the referral!