All Forum Posts by: Michael Haynes

Hello Katie Miller in CO. I just saw on YouTube that New York has banned Airbnb STR's. The rules are changing all over, for different reasons. My oldest RE friend turned their deceased parents 2/1 on Tampa Bay, in Safety Harbor, into an STR. It is next door to their two story, 3/2 with a pool. That makes it easy to manage. The rule in Safety Harbor is that you have to rent for 7 days. Bob and Vivian get $250 per day for a whole 7 day rental only to Older Adults with no Children. They can stay for one day or seven, but, pay in advance for the whole week. They have it pre-rented about nine months out of twelve. They had Airbnb until the fees increased and multiplied. Now, they are happy with VRBO. I point this out because it complicates matters if you are in a Condo or HOA, especially near the beaches. You have more rules to follow and little parking. There are some 2500 STR's and thousands more houses for sale in Austin, Texas because of the downturn in RE and the new rules. Single Family Homes usually don't make Money with the numbers at this time.

Hey Michael Baum. I can only give a picture of what is happening today in Florida. Your in WA and Katie Miller is in CO and does not mention where she has an HOA property. In Florida the HOA rules are City to City and there are County rules and a State rule. You have to do your own City specific research of the rules. My new HOA since January, is run by another group, since the first one was fired for Theft. I outlined the first major problem we are having with this Management Group that is causing us to Stress Out.If Katie Miller is an Absentee Owner and would like to authorize a Proxie, she has to know some other resident in her HOA to designate. That is a problem and I live in my Community. The thing that is good here at Summergate is that everybody minds their own business. I don't personally know any of the other Owners and would not bother them to attend a meeting in the pool as my Proxie. Enough said. I don't make paragraphs because the program for messages does not work like that. Has to be all just one message. Got it?

Hello Jose Alejandro Hernandez. You need to always Google Search for Reviews and comments for any type of Market Investment Method. Rent to Retire has bad reviews based on inflated numbers that certainly do not make sense. I looked at REIT's many years ago and they are similar. You have to start with a large investment and trust the company for five years to maybe make ZERO at the end. The best 4 REITS in 2022 made 4%. That sucks.