All Forum Posts by: Krista Goodrich

Nope, nothing yet

Speaking to my heart there!  I love the design and decorating aspect of the Vacation Rentals because you can have fun with it and do things that you wouldn't do in a long term house.  My farm house for example, has tons of cow/chicken/barn decorations that make it sooo cute but when I lived there full time it was more family pics less decor...same with the beach houses-we do some wacky fun things that make people feel like they are living the beach life, even if its just for a week.  I really hope Daytona changes back to allowing Short Term Rentals because this truly is my passion and I LOVE meeting people from all around the world and showing them what my town is like.  Good luck to you!

It's an awesome investment in the right area-I have several VRBOs in Florida that were killing it but now my city has decided to try to shut down short term rentals (Daytona) so I am looking at other cities to start investing in as the long term returns in Daytona are good but not near as good as I was doing on Short term.  I would say investigate the city you are in and make sure it is legal before purchasing.  That being said, I also have a farm house in Georgia that my husband and I use when we are in Georgia (my family and some of my businesses are there) and I like to bring my dogs...so I don't want to long term rent the house and was unsure how short term rental would go over in the middle of nowhere.  Surprisingly, I listed my house in May and it has booked up through October....so maybe location does not carry as much weight as I had thought!  I bring in about $1.6 a month on the house which is about $200 more than I would long term rent it-that means I still carry a couple hundred dollars a month in utilities but again, I have a place to stay in Georgia and at the end of the day it's still way cheaper than a hotel and I have my mortgage being paid down.  

In Florida (or other vacation towns), I was making $6-$10k a month when I was doing short term on houses that would bring in $2k on long term rental.....so there is great money to be made if your town allows it. 

awesome just saw this and excited to attend!

Let’s definitely get together!  This is exactly what I am trying to do!!!

@Peter R. would love to meet up and learn about STR investing in Brevard-that area is on my radar and with Daytona dragging their feet I am only doing flips and buy and holds long terms right now...which are SO hard to come by currently.

No problem!  Happy to help if you ever have questions about areas to invest in around DB. 

Hi there, 

I am one of the lead plaintiffs on the lawsuit so I can answer questions you may have.  Basically, the State of Florida did not pass a law allowing short term rentals for all this last session as many believe.  The City of Daytona believes that they fall under a Grandfather status and that Short-term rentals are only allowed in basically the T1 zone (where the hotels are).  We don't agree with them. 

Right now STRs in Daytona that are in residential areas are considered "illegal" by the city (again, we don't agree).  If we win, then STRs would be regulated (as we are proponents of that) to include safety items like fire extinguishers, smoke detectors, require registration and emergency contact info).  What would not be regulated is the duration and frequency of rental.  Both long and short term rentals would still have to abide by parking ordinances, trash ordinances and noise ordinances.  

Lawsuits take a loooonnnggg time and we have made great strides but still have ways to go to resolution.  As anyone in or near Daytona knows, we desperately need investors and cash infusions to turn this town around so as an investor and resident of Daytona Beach, I wholeheartedly support this being allowed.  Let me know any questions you have.  

I love investing in Daytona Beach and have done so for the past three years. Lots of great things happening and new stuff coming to town. If you decide to move forward let me know, I have been trying to get a BiggerPockets Meetup together and would love to include you.

Hi guys!  Let's try to get a good networking and mastermind group in Volusia County.  I am happy to host and think we could all really benefit.  However, I don't want to put in a ton of effort if there is not both interest and commitment that people will attend.  I currently own 12 properties and and about to purchase an entire street so hopefully that number should go to 22!  Yay!  I would love to both share my knowledge and learn from others.  

Would March 1st work as a good date?  Please respond yes or no so we can figure out how to start moving forward.