All Forum Posts by: Mike Shulman
Mike Shulman has started 2 posts and replied 145 times.
Post: STR: Sarasota/Bradenton Area
- Real Estate Agent
- orlando, FL
- Posts 159
- Votes 121
i have been shopping for some off market deals in the area. It's a great location and I see a lot of opportunity.
Post: Furnished units downtown Orlando
- Real Estate Agent
- orlando, FL
- Posts 159
- Votes 121
If you move out you would have to do a long term rental in at least half the unit. The renter would have to sign an affidavit saying they are running the short term rental, they would then have to apply for the property permits.
Originally posted by @Aaron Conner:
@Alberto Nikodimov when you state the zoning laws for Orlando, renting a portion of the owner occupied property, does this stay into effect even if you purchase another property, but retain and move out of the first? Can you rent the first property completely if your not occupying in Orlando or no?
Post: Short term rental Airbnb Orlando
- Real Estate Agent
- orlando, FL
- Posts 159
- Votes 121
What property is it? I'm not s big fan of condohotel as you typically can't self manage. You also can't make them original with furniture and decor. No way to set yourself apart.i feel that's how you get the best rental return.
Post: STR Property Management Daytona Beach Shores (FL) vicinity
- Real Estate Agent
- orlando, FL
- Posts 159
- Votes 121
Jaclyn Cox with the property manager guys is the best. They do a lot of stuff in the Daytona area. Her contact info is 4075919132
Post: STR in Indian Rocks Beach, FL?
- Real Estate Agent
- orlando, FL
- Posts 159
- Votes 121
Like @Luke Rorech said, I do my best to stay away from properties with an HOA all together.
Post: STR in Indian Rocks Beach, FL?
- Real Estate Agent
- orlando, FL
- Posts 159
- Votes 121
Daily rentals are allowed in Indian rocks Beach. One of the few places that's regulations allow it. Good choice. If you need any more information feel free to private message me.
Post: STR St. Augustine Florida
- Real Estate Agent
- orlando, FL
- Posts 159
- Votes 121
Can anyone share where I can get a map showing zoning of what's allowed and where? I just started shopping in the area and I didn't know about the new regulations.
Post: First time buyer should I hold rental property long term, Orlando
- Real Estate Agent
- orlando, FL
- Posts 159
- Votes 121
I think you will have trouble getting the BRRR model to work with values. You can get some cash back but you will end up leaving some money in the deal. I also don't see enough skin on the bone for a flip. I think adding extra living space to increase the cash flow is your best play.
Post: STR which is better?
- Real Estate Agent
- orlando, FL
- Posts 159
- Votes 121
Well if you're looking for something in the central Florida area I'd be happy to guide you in the right direction. Feel free to PM me if you have any further questions or would like to work together. I can handle everything for you if you're interested.
Post: STR which is better?
- Real Estate Agent
- orlando, FL
- Posts 159
- Votes 121
House 100%. The thing that differentiates an Airbnb from a hotel is you're not on top of your neighbors. In the age of covid I think that's an extremely important factor.
now if all you can afford is a condo it's still worth moving forward as better to be in the game than on the sidelines. But if you can obtain a single family house I feel they have better appreciation, last thing to drop in value during a depression and a higher demand for Airbnb guests due to privacy. Not to mention you can make more money on them so it's less work in the long run. I have a quad Plex with four units that I make less money for my nice single family house and it's four times the work