All Forum Posts by: Terri-Leigh H.

 Thanks! I’m an interior designer so I know that truth well 😭

Yes Connor it is a big deal in Cape Coral the mid term rentals 13 and six months just wondering about the less desirable months down there. And seeing how the numbers would shake out. It would be nice to only have the property occupied for a shorter amount of time making more money. We would have to furnish I ran the numbers it’s about $15,000 to furnish how I would want to to get the money we need does that sound about right? @Conner Olsen

 @Stetson Miller

Thanks for your input @Patrick Drury! That is definitely a concern of mine. However, I should clarify, we are looking at STR through our property management company. Longer term STR - 1,3,6 month. Would that change your mind?

Hi Stetson, 

Thank you! Yes, these are the STR/MTR that we are looking at. Our realtors brokerage firm already has a property management system in place for this type of rental so that seems like a great fit. They also only charge 8-1o% which I know is good!

Do you have experience in MTR in this area?

Hi All,

So we FINALLY got an offer accepted and just got through the inspection period on a beautiful 1945 sqft pool home in Cape Coral, in a very STR popular part of town. We got a great price on the home, it does need an extensive cosmetic remodel and also a new roof in the next 2-5 years.

We are planning to head down on closing to live in the house for 4-6 weeks to do most of the work ourselves. It as a bonus come hideously furnished but it does mean we can live there with our four kids during reno... Fun! ha ha.

When we get to the point of completion on the structure and pretty things we will need to decide whether to furnish or not for STR...

LTR - Small cash flow but seems more secure and less monthly expenses and hassle, we went into this deal because of cash flow AND appreciation potential. We should on closing, have equity since we got it under market value.

STR - Potential to cash flow great, still have the appreciation piece BUT risks seem higher with wear and tear, vacancies, having to hire our Property Managers etc. I want to believe the numbers we are seeing for occupancy and daily rates but also scared it won't happen for us.

I do really enjoy the hospitality aspect of STR and I do interior design for work, so the thought of furnishing for use buy others is enjoyable to me....

What would you do in the current climate?! Thanks all!

We had this happen on a prior property.

The seller would not let us do an inspection, there were also title issues. Lots of red flags, so we pulled out during the inspection period.

Do NOT hire a lawyer, take him to small claims court. As long as everything was documented and you pulled out in the correct time it’s a slam dunk. Service of the summons is the hardest part. It takes time.

The judgement will need to be taken to your title company and they will release. NOTE: The title company is allowed to transfer the dispute to a local court if not resolved in a timely manner, so get cracking.

So sorry you have to deal with that!

Need to project new roof costs for a possible inv. Prop in Cape Coral!

1243 sqft, no crazy pitches! Anecdotal advice here if you’ve replaced a roof in the last year.


How much did ya pay and who did ya use?

Thanks in advance!

Oh wow, if I had 50% to put down that would be awesome. I dont believe this is how my network down there has done it and they are cash flowing well... I know mine wont be as good because of HELOC, but darn!