All Forum Posts by: Gavin Welch

@Lauren Stanton Invest where the job market is strong, South Florida market is too expensive for a decent ROI. Do some research, look at purchase price versus rent income. Stay around growing job markets, not metros but suburbs. Also, FYI the BRRR method is dead right now. Good luck

Florida is not "crashing" but is experiencing a slow down.  The fact is when cost-of-living goes up people cant afford to vacation here or buy expensive homes here.  To further complicating things are higher interest rates and increased insurance costs.  The result is increased days on market and declining sale prices.  Foreclosure notices have increased in SW Florida.  If you are looking for a 'stable' market to purchase focus on markets with increasing industrial areas and jobs.. Is this going to be 2008 all over again?   I don't see anything indicating that.. yet.. 

Quote from @Kenny Smith:

Quote from @Gavin Welch:

We not only have signs out in the property but also use an app called hospitible.com that automates the communications between me and the guests. We have trash day reminders, check-in instructions, house rules, check out instructions automatically sent to each guest.. it also changes the door code to the last 4 digits of the guest's phone number for each guest.  No chance a former guest can come back..

We've been meaning to look into this..thanks Gavin!  Do you know what the monthly cost is?  

I think it’s $25.00

yes, most large builders want to buy 5 lots and build 5 houses, then buy 5 more and build on those.  This is why most developers will have 3 builders working in one subdivision at one time.  The developer will not allow the builders to move to another section until the first one is done.  Also the developer will typically block sections of the subdivision for each of the builders. 

More information is needed.  market rents, appreciation rates ect

Not sure about North Carolina, but in Florida, you have to give a month to month tenant at least 15 days notice.  That being said we typically wait until after they have paid that months rent (by the 5th) and serve them with a notice of non-renewal of the lease.  We just explain that they have about 3 weeks to move out.  
The best route is to have the seller remove the tenant before closing.  That is one less thing you (the buyer) has to worry about, and hold-over tenants (from old owner) are typically a pain in the butt.

Good luck

We not only have signs out in the property but also use an app called hospitible.com that automates the communications between me and the guests. We have trash day reminders, check-in instructions, house rules, check out instructions automatically sent to each guest.. it also changes the door code to the last 4 digits of the guest's phone number for each guest.  No chance a former guest can come back..

@Derek Kirkman yes this is a great group.  Let grab lunch sometime.  I’m In Lakeland also.

gavin

Yes the city does not play around.  You will always have issues because you will not be able to split the utilities. The city motto is " where dreams come to die"..

But airbnb's do well here

Hey David, I live and work in Lakeland and am doing deals myself and helping others.. be careful of out of town people giving you advise here.  I’d be glad to connect with you.

Gavin