All Forum Posts by: Marc Jackson

@Adriana Martinez I own 4 beach front condos and profit - cash flow on all four. It’s the way to go in the market I am in.

@Ken Latchers I use OWNER REZ now and love it..

@Andrew Smith Panama City Beach

@Jon Hilfiger Destin is gorgeous but expensive real estate. Does it have any rental history?

Self managing is the only way to make money.

I own condos in Panama City Beach down the road. Much more affordable with better ROI's and the same sand and same ocean. Destin is classier perhaps but I am about returns. I know people making money in Destin, but it's more difficult.

@Alan Grobmeier you don’t need any type of license or certification to own and operate short term vacation rentals in PCB.

@Chris Paumen I own 4 beach front condos in Panama City Beach and happy to share any info that may be useful.

@Franklin Tirrell Panama City Beach has been in the top 3 in the country for several years and last year was #1 according to VRBO. I own 3 there and all cash flow nicely.

@Jason Gilliam I manage out of state with no major issues. The key is to get a good housecleaning crew and a few good maintenance people. After a few issues (plumbing / HVAC, etc), you will quickly get a good group of folks that can go help. The reviews mostly are based on keeping the place very clean. If you decide to buy in the panhandle area, you can use apps like “thumbtack” and get help quickly and easily.

@Jason Gilliam I own condos gulf front with monthly HOA fees around 500 a month. Although 6K a year seems high, here is what is included: cable, trash, water, amenities (pool, exercise room, parking, etc), as well as hurricane insurance. Looking at houses with ZERO hoa, you will find the net difference is very close. Buying gulf front keeps it rented year round. I am highly cash positive as I self manage and advertise on all the major sites. Ping me with any questions.

@Austin Works I own vacation rentals in PCB and cash flowing nicely. I am about to buy another one. I couldn’t make the #’s work in Destin because the real estate prices are too high and the rent prices don’t justify the increased price. I get the same rent for my units in Panama City Beach as they get in Destin and the real estate prices are 30-50% less. Non-warrantable just means you can’t get a traditional 30 year fixed FHA back mortgage but it isn’t an issue. Lots of local banks offer condo investor programs.