All Forum Posts by: Parmesh P.

 Thank you for the information. I agree that it sound too small for that unit. The first floor is 1650sf, leaving out the garage, and has the same size and work like a charm. I am trying to solve this problem in the most cost effective way in the long run.

 Thanks Michael. You are absolutely right about the temperature. It is the heat index feel I meant is 115 degrees. I am somehow convinced that it needs a bigger Cooling unit. My calculations were also leading me to around 5 ton. I told the Pros about my opinion and the reply I got was, "the unit is fine and changing it to a bigger unit may not do much because the unit is only as good as the ducking system you have". 

 Lately I also learn that this problem is also affecting a nuimber of property in champion gate. 
From your experience, and I can tell you have a lot, do you think a bigger unit (5-6ton) will solve the freezing up problem?

 Certainly a few more things to think about. The Pros keep giving the AC an A+ grade after servicing and testing , filters, ducts, and all other common sources of problems. They sugested a limited range thermostat to prevent guess from setting it to below 68 degrees.

Hi Kerry. Thanks for sharing that with me. Do you happen to know how to solve this problem?

Last summer, I spend more than 1.7K on AC repairs ( adding refrigerant gas, cleaning coil and ducts, and much more) that seems to go nowhere. The AC for my second floor STR is not able to cool the unit during the hot weather. This unit has 2200sf with five bedroom and five bathroom. The AC unit and air handler are both 3ton and are 7 years old. I had three independent thorough assessment of the entire system and all three companies said the system is in great health and is working as it should. On further questioning I was refer to the top guy of two of these companies who said ALL COOLING UNITS are designed by manufacturer to keep the interior 20 degrees lower that the temperature outside and the thermostat should be set to reflect that. Most of what I am reading seems to support the 20 degrees split differential. However, to me, this seem to make no sense when considering temperatures of 115 degrees in central florida occurs very often. This "freezing up" problem seems to be widesread in centaral Florida. I am thinking of using a 5ton airhanler and heat pump to solve this problem.

My question is, did anyone ever had this issue? How did you solved it while maintaing and indoor temperature of 73 degrees in the hot weather?

Hello Gene. An average decent STR insurance cost for a house thst size is about $3.6K per year. The ones that covers almost any issues that may arrise with STR is about 6K per year. If you are in a flood zone this can all change. The utilities costs vary depending on the season, duration of use and whether your pool heating is electric or gas. Your highest bill will be your AC followed by pool heating when needed. Gas bill for hot water and cooking is about $90 per month. Water is about $125per month considering the size of the home. Electric will vary form $350 to $900 per month with an average cost of $560 per month. Yes this is high but it is not what the sellers will tell you.

I am making the assumption that the house is fully furnished to your likeness with all bedroom, pool, living room, game room and loft furnitures. For seven rooms, the bed and bathroom linens (assuming 8 beds) will cot you $1200 for two sets and about $180 per year for replacements after that. This does not include pillows and bed protectors which usually is more of a one time purchase. Most cleaning companies will provide the cleaning supplies and supplies for guest depending on your contract. If you are planning to buy guess supplies in bulk, it will cost you an average of $.4 per count or $2 per bathroom per 5 count kit. Again this will depend on what you want to have for guest in each bathroom. Assuming you have five guess per month with 5 bathrooms, this will cost $50 per month. Cleaning supplies itself will cost you $10-14 per month with 5 cleaning per month. Based on the information you provided, this is my best contribution. you can DM me if you need more information about other cost.

I am just doing some research on this and bump into this post. I am currently switching my PM to someone personally recommended by a reputable well known presenter of STR training on Bigger Pockets and the same request was made. I also have the same uncomfortable feelings. I would like to hear from anyone who is doing this. I would also like to hear about other ways to do this from others in the STR rental business.

The setting is very inviting and the pictures are georgeous. Unlike your rental, my rental is in Orlando in a gated resort, so there are less outdoor space but lots of community facilities. However, here are a few suggestions. If you are not already spending time at your property, I suggest you do so. I stay at my property very frequently and that gives me sence of what are needed to make life more convenient. For example, I have small two teir rolling cart in the movie room/game room that provide extra space for drinks, glasses and ice, etc. Adding a nice small decent garbage can at my pool side help to keep that area very clean nad this may be a good addition for you. A few appropriate wall artifacts or artwork can add to looks and feel of the rooms. Adding an led light strip all around in the upper edge of that tray ceiling can give a different vide in your movie room. If the gameroom picture is one from your booking site, I suggest you open the door to have the outdoor view as part of that picture. I hope you may find something that you can use here.

 You certainly don't need it. I have 55gal in a rental for a family of 5 over 7 years and never had a hot water complaint. But as Alan said, if you are looking for peace of mind and functionality, you can certainly install two separate tanks. You can even install a tankless hot water unit in your apartment.

Just to add to the information provided to you. It would not hurt to ask the seller the reason for selling and make the suggestion that you can put together investors for this deal and you may be able to get a lot more insight into the challenges surrounding this deal. It can be any number of things including neighborhood group court challenge, building requirements changes, etc. Based on your numbers, the only thing that make this deal feasible is the tax rebate but that can come with some rent stabilized apt. You need to have a detail itemized proposal of your cost (from day1 to the keys in your hands) from the right builder and add 10% more to it.