All Forum Posts by: Mya Toohey

@Tomoko Hale

With STRs its not just purchasing the property.  You have to set them up, market, book and clean.  You have to make sure that whatever company you choose will maximize your profits.  I would try and manage it yourself if you have the time and effort.  Then you get 100% minus cleaning fees and maintenance.  You really to examine your options with everything and be very choosy who you let run it for you!!!  I am in Florida and we have an influx of STRs and I did all that and taught my owners how to do it themselves so they didn't have to me the entire time.  Now some stayed with me and that was great but some learned that with a little bit of knowledge you can do it on your own.  

Wow!!! What a cool spot!!!  I wish we had more spaces like that here in Florida.  If you can find one its Millions of dollars since those types of spaces ar3e close to beaches here.  What a great find!!!!  We use Hiscox for our insurance with our business, not sure if it works for property but its worth a try.  Best of Luck!!!!

I have sold a few houses for newbies to househack.  It seams to be a great way to get startede.  The way to make money with that is to live in it for 1-2 years and then sell it for the equity and you can do it again and hopefully use the equity to buy two homes.  It all depends on the area and how much you spend on the rnovation.  I am in Tampa Florida and it has been very successful for my clients.

I am in the Tampa Florida area.  We have substantial job opportunities here.  Our market is also thriving.  You also don't have to pay state tax on income.  So, looking into this area could be smart for you all.  You also don't have to face those icy cold winters. LOL  

@Mark G.

We tried cold calling and that didn't work too well...with Propstream you just use your search criteria and it will give you a list of prospects to reach out to.  Example: Absentee Owner-owned over 10 years-and the search area you are wanting to stick to.  It was really easy to navigate.

Hello!  I am in the Tampa area. I would be happy to help!!!  I have been doing this for 13 years and I specialize in it. 

I used Hostaway for my 9 units and it worked great. It m in the Tampa Florida area and it's very competitive.  It kept me booked at 85% which is great and made my life so much easier. 

If you stick to the 1% rule you should be around that number.  I would stick with LTRs.  It's the safest way to start and it's a guaranteed profit when you get the right deal!

I'm in the Tampa market.  We found it very successful to do direct marketing along with cold calling.  We got 4 properties out of 300 mailers.  

I'm in the Tampa Florida area. We have Clearwater, Saint Pete and Indian Rocks beaches that are hot spots for STRs. The problem is the over saturation of them.  Owners have been turning theirs into LTRs.  You really have to be an expert and outshine the competition here. There are very successful STRs here, you just have to know the best areas to be profitable.