All Forum Posts by: Nadia Daggett

@Joseph Stern this is wonderful! Would love to connect

@Devin Peterson would love to connect as well!! Let’s plan for some coffee!

Have you tried Obligio? They offer a program that enables tenants to pay their security deposit through a low monthly payment. I appreciate this program because it pay quickly with any damages to the property issues after the tenant departs. It works well for my corporate rentals. I believe it is applicable for stays of three months or more, however.

I've been engaged in corporate rental flips for some time. I recently acquiring a property for $145,000. It was rented as a short-term rental (STR) with a 3/1 generating $3,800/month and a 1/1 ADU suite at $1,200/month. Using the Gross Rent Multiplier appraisal method, the property was appraised at $400,000, and I successfully sold it just below this price within a few weeks of the appraisal. I find this corporate rental flip strategy rewarding, leveraging rental income for substantial returns. Has anyone else used this approach? How long did you hold the property before selling? Although the property was a great income source, the high sales price made it compelling to sell. Do other investors have a preference for this strategy?

Hello, I'd like to introduce myself to BiggerPockets. I would love to introduce myself, without self promoting.  I've been a member for the past few years as the principle broker of Graystone Investment Group. However, a year ago, I opened a brokerage here in Tampa called Investing N Florida, where we manage short-term rental properties, provide training for agents on selling and purchasing investment properties, and specifically equip our agents to work with investors. I've been in the industry since 2003, managing corporate rentals and investing myself. I have a genuine passion for the investment industry, particularly working with agents interested in becoming investor consultants beyond the standard real estate agent. I'm eager to connect with more agents looking to grow their business and Investors interested in collaborating with an investment-friendly brokerage. Let’s connect over coffee! :)

@Kyle Johnson

Just for an out of the box idea: To assist in funding your new roof: many solar companies offer financing that includes the cost of the roof along with solar installation. While the interest rate may be higher than a traditional Home Equity Line of Credit (HELOC), the potential benefits, such as a 30% tax rebate and 25% USDA grants, make it a compelling option. This not only helps with the upfront cost but also has the potential to lower your electric bill. Of course this is a suggestion from the sunshine state of Florida :)

Excited about this month's Investors & Wine BiggerPockets networking meeting! We're bringing together incredible talent, including real estate lawyers, title experts, lenders, private lenders, contractors, and more. It's a fantastic opportunity for everyone to connect, sampled crafted wines with Breakthru Beverage, expand their teams, and refine their strategies for 2024.

 I agree. I am setting up a meeting with this specific association. I am hoping to amend since our strategy is different then the typical nightly. 

This is mostly with the Condo Association. However HOA as well. I do not have any trouble with SFH… Knock on wood!:)

Thank you in advance for any new strategies. I am the broker of Investing N Florida in Tampa Bay, providing property management for short-term rentals, especially corporate rentals like executives, traveling nurses, oil field turnovers, snowbirds, and more. These typically last 3 to 4 months - midterm stays. These rentals are highly profitable, with occupancy consistently exceeding 90% compared to weekend stays. Despite this success, I'm facing challenges as associations are changing their frequency rates even for these midterm stays. Our lease is structured as a 6-month lease with a 30-day notice to break it at any time, accommodating 3 or 4-month tenants. While this has worked well, associations now explicitly limit tenants to 2 or 3 per year. Have fellow investors discovered any strategies or loopholes to navigate these changes?