All Forum Posts by: Josh Green

@Kyler J Sloan

As mentioned above, it can vary by property. I get this kind of question a lot from my clients as I do a lot of short-term and mid-term rentals here in the Tampa Bay area. An easy answer is yes, almost undoubtedly it will be worth the extra capex and opex to get more rooms for the same purchase price. My suggestion is you find a good realtor here on BP that serves the area you're looking for, does STRs often, and owns their own to get these answers for your market.

@Zach Placek

30 night minimum stays is what most are generally referring to here. There are restrictions in all of Pinellas county and Hillsborough but the min nightly standards vary by city and that's what investors are usually worried about.

@Adam Shelton

Hey Adam nice to meet you! I'm actually now in Port Richey not far from ya! I invest in the Tampa Bay area and am also an investor realtor - I mainly do STR and 5+ unit residential as that's where the bulk of cash flow opportunities are right now for investors. Also do primary homes, house-hacks and 2nd homes for out of state clients. Feel free to message me anytime you have a question or want to bounce an idea off me 👍🏼

Raymond above works with VA often and is a flagship lender in the area you're looking at actually!

@Dom Radcliffe

Yes typically there is a separate tax you pay the county on a monthly basis. Try emailing the county and keep calling 👍🏼

To operate legally you will first need to obtain a STR license through the FL DBPR, then, you contact polk county for a license. See below:

https://www.polktaxes.com/serv...

Hey!  If you have any clients looking in the Tampa Bay area I specialize in residential relocation buyers and residential investment purchases (short-term rentals and long-term rentals 2-5+ units).  Will definitely be able to reciprocate clients to lenders that are looking for mutual partnerships/referrals!

@Raymond J. Rodrigues

All three of these are going to see very similar levels of appreciation, rent increase, etc. All very near to each other and all high demand. I think the individual dela you buy in any of these is going to be more important than speculating which may have 1% higher annualized appreciation (just throwing a number there).

 Yes we are lucky to have him - best PM I've worked with by a large measure!

@Matt Friesz

On the topic - @Jay Michalec is the best property manager you'll find. I would highly recommend him as a dependable, trustworthy and professional PM