All Forum Posts by: Matthew Hunter
Matthew Hunter has started 1 posts and replied 5 times.
Post: Airbnb/STR’s in St. Petersburg
- New to Real Estate
- Naples, FL
- Posts 5
- Votes 0
Quote from @Carlos Garcia:
Matthew, I would focus on STR markets that have been established for at least a decade before investing. You hear stories of counties flip flopping on STR restrictions and banning STRs wholly or partially in many areas where markets are not yet established. This is a big problem. If you want to stay in FL, try Emerald Coast. Like others say in this thread, you don't need to be close at all to manage it. If you need a good agent, search around on the forum for agents who invest themselves. You can try @Matt "Roar" Gardner and @Melissa Haworth as well.
@Carlos Garcia Thanks a lot for the recommendation! I know cities are very back and forth on what restrictions they put in place for STR's…that's the case in my city which is why I'm trying to study other markets. Thanks again for the advice!
Post: Airbnb/STR’s in St. Petersburg
- New to Real Estate
- Naples, FL
- Posts 5
- Votes 0
Quote from @Raymond J. Rodrigues:
@Matthew Hunter, reach out to @Nicole Shaw. She has helped quite a few people that I know acquire short term rentals in the area. I hope this recommendation helps!
Thanks! It helps a lot!
Post: Airbnb/STR’s in St. Petersburg
- New to Real Estate
- Naples, FL
- Posts 5
- Votes 0
Quote from @Jimmy Woodard:
@Matthew Hunter here's a list of regulations in Pinellas County: https://pinellasrealtor.org/sh...
You have plenty of options across FL and you don't need to be near your property to have a successful STR. Good luck and feel free to DM me with any questions!
Thanks a lot!
Post: 100k to invest. Short or long-term? Single or duplex?
- New to Real Estate
- Naples, FL
- Posts 5
- Votes 0
Quote from @Travis Walker:
So I found a sfh with a pool no HOA that I will try STR and talked my dad into investing with me so it will only cost me $50,000 to get started. Hopefully I can learn the business with it for 6-9 months and then buy another after I get adept at it. So excited and nervous about jumping in. I'm entrepreneurial so I think I will enjoy STR more but we will see. I haven't closed yet but I do have questions about setting up an LLC. Can you set up your STR as an LLC while it has a mortgage?
@Travis Walker I'm not a pro at this, and every lender is different in the way they setup the loan with each individual, but from what I've read online, lenders have a clause somewhere in the loan terms that makes it a violation to put the property under an LLC. I think its considered the "subject to" clause, even though you are the owner/creator of the LLC, in the eyes of the contract it looks as if the property has transferred ownership, which is where it could possibly cause a problem. Again I'm not certain of this, and you would definitely want to check this with the lender you worked with, but hopefully this helps!
Post: Airbnb/STR’s in St. Petersburg
- New to Real Estate
- Naples, FL
- Posts 5
- Votes 0
Hey guys! I was wondering if anyone on here has purchased a short-term rental/Airbnb property in St. Petersburg, Florida? I have been looking to buy my first investment property, and really have an interest towards airbnb! I don’t know much about the St. Petersburg area, so any advice or information is really helpful! I live a few hours away, so I would be within driving distance to the property. My current city in FL has extremely strict rules for rentals, which is why I’m looking into other cities in Florida. Before purchasing anything I wanted to get as much information on other markets and peoples experiences with the area. Thanks!!