All Forum Posts by: Krystal Thomas

@Kevin Koffman, I abdolutely agree.  I am a real estate agent in Key West specializing vacation rentals. For short term rentals you can generally expect between 8-10% return on the gross purchase price.  For month long rentals its about 1/2 and for long term rentals you can definitely live by the 1% rule.  

@Katrina Poole, happy to help if you decide to consider the Southernmost City!  

Hi Greg, welcome to Key West.  I am an investor/  real estate agent in Key West.  Would love to meet for a cocktail while you are in town and talk real estate!  

3227 Pearl Avenue, Key West

MLS Listing: 3227 Pearl Avenue MLS Listing

Listing Price: $419,000

BRAND NEW, completely renovated, Key West home available for sale. As you enter the property you will be greeted by fresh, low maintenance landscaping, a new deck, and hardie board siding. The two sets of French doors fill the home with natural light and lead you into the kitchen and living area. The kitchen features custom cabinetry, soft close drawers, a center island, granite counter tops, recessed lighting and high-end appliances. This home was renovated down to the studs, pick your paint color and move right in! There is a new roof and wood tile floors throughout the entire home. Each room has it's own ac split for maximum cooling efficiency.

This home is one of 4 units in a quadplex, there is no HOA. This unit comes with a transferrable, lifetime termite warranty.

This property is located in the area of Key West known as New Town. It is close to shopping and schools and has a great long term rental market. This home will rent at $2800 per month + utilities and is a wonderful investment property. The neighboring property just rented for $2650 per month before it even hit the market. Click the MLS listing above for property information and additional photos.

Hi @Eric Raslich!  I am a real estate agent and investor in Key West.  I apologize that I'm just now seeing your post.  Are you located in the Keys now?  Purchasing property in the Keys can be a great way to help shoulder some of the crazy rental prices down here.  Many people in Key West "househack" and have their roommates pay their mortgage while renting out rooms and others choose to go the route of a multiunit property.  There are lots of options and I'd be happy to speak with you about them, PM me any time.  

@Andrew K.  Hi Andrew- Awesome success story, congrats!  I live in Key West and am a real estate agent here in the process of doing my first flip.  I'd love to meet up for a beer or cocktail while you are in Key West and talk real estate!  

Hello Kenneth,  I work with Last Key Realty, a vacation rental company and real estate brokerage in Key West.  I'd be happy to speak with you and/or your sister about management options and give you some suggestions.  While my company specializes in vacation rentals I can certainly point you in the right direction and recommend some strategies to help you maximize the rental income on your investment.

Hi @Jaylin Bailey!  Welcome to Bigger Pockets!  I live in Key West and am a real estate agent here! Next time you are in Key West, let's meet for drink and talk real estate!

Thanks @Michael S., looking forward to it!

My name is Krystal Thomas, I am 32 years old and live in the Southernmost City of Key West, FL! I'm originally from a small town on the Eastern Shore of Maryland and moved to Florida in 2002 when I began my college education at Florida State University in Tallahassee, FL.  I majored in Finance and Real Estate and worked for a title company doing real estate closings in my junior and senior year. 

I moved to Key West in 2006 after graduation and have bounced back and forth between Maryland and Key West, finally calling Key West my permanent home in 2013.  

My goals is to build a stream of passive income by purchasing income producing properties in the Florida Keys as well as outside markets. I'm also interested in flipping properties to make a profit and create seed money to fund my own deals.  

I am currently a real estate agent in Key West and work for a small boutique real estate company specializing as a buyers agent.  I found bigger pockets when I was searching for tools to increase my knowledge of real estate investing and stumbled upon the BP Podcast.  Bigger Pockets has been a game changer for me in terms of knowledge and providing though provoking topics and guests.  It's truly one of the best tools out there for investors.  I'm looking forward to being a member of the BP community.  

Cheers!

The best and most effective way to treat bed bugs is with a heat treatment.  I'd reach out to your local pest control companies and see who offers the treatment.  It's not a process you want to take lightly. 

http://www.bedbugs.org/heat/