All Forum Posts by: Mike Shulman

Florida is a great spot for str, bit be careful.st Pete and Tampa have restrictions. Look for unincorporated Pinellas county. It's not restricted there. I also like Indian rocks Beach.

Jacksonville to St. Augustine have less restrictions so it makes for a good choice. I also like Orlando Disney area as 80 million people visit a year.

Are you able to get increased lease rates compared to a traditional residential property on an assisted living home? If it rented for $2,000 a month for a residential tenant would you rent an assisted living house out for $4,000 a month? What increases can you put over the traditional home? I think this could be a great market as a landlord or as a owner operator and I'd love to learn more about it

I recommend Jaclyn Cox with i trip vacation. They are a family owned franchises so you get the best of both worlds.lots of power behind you, but the personal relationship of a small company. Call her at 407 591 9132

When I combine them. I have a quadplex and a triplex that a short-term rental. Get the performance of a short-term rental property with the security of a multi-family. 

@Caitlin Brennan, I have done a few house hacks in Central Florida. I have a quadplex, triplex, and duplex that I have house hacked.
My current property is a BRRR/ Airbnb house hack.

I'd be happy to give you any advice I can. Feel free to PM me. 

Go to price busters on colonial dr. Good prices and a one year warranty. Ask for Anthony.

Nice think about short term rental. My guest fairly use the appliances. Get what's the best deal. 

As others have said, I still see a lot of opportunity to buy in the Kissimmee market. For the rates as low as they are even his prices creep up people are able to catch flow. Typically international travelers stay in short term rentals in the Kissimmee market, or at least they have historically. Covid is introduced these homes to the American market. They're doing great right now without the international market booking, so as soon as that market is allowed to book again, bookings and daily rates should increase significantly.

I've been selling short-term rental for nearly 20 years and I truly believe this might be the best opportunity to purchase. 

It may be overpriced for the cost of the home, but you're buying a business, if it cash flows and you see upside potential it is not overpriced.