All Forum Posts by: Todd Bailey
Todd Bailey has started 5 posts and replied 15 times.
Post: West Palm Beach Airbnb STR Market
- Rental Property Investor
- Ballston Spa, NY
- Posts 15
- Votes 2
Quote from @Ami Green:
Hi,
looking for investor friendly Realtor for West palm beach,
Brrrr strategy for airbnb/STR.
Does anyone have experience working with someone,
Thank you
Ami, did you get any leads?
Post: Looking to connect with some wholesalers in Miami !!
- Rental Property Investor
- Ballston Spa, NY
- Posts 15
- Votes 2
Quote from @David Ramirez:
Miami is such a different market compared to the rest of Florida. I used to live in the Miami/Fort Lauderdale area, but since I moved to Tampa in 2020 to build my real estate company, I've never looked back, lol. We actually market 25 of the largest counties in Florida, excluding Miami-Dade and Broward.
David, what specifically is not good about Miami?
Post: Investing in Saint Augustine beachfront property
- Rental Property Investor
- Ballston Spa, NY
- Posts 15
- Votes 2
Chris, do you know if "medium density" covers condo complexes? Hard to navigate these regs...
Thanks, Todd
Chris, do you know if "medium density" covers condo complexes? Hard to navigate these regs...
Thanks, Todd
Hey Todd, that does not cover condo complexes. Condo/homeowners associations supersede any local/county regs.
That’s great news! Thanks for the info.
Todd
Post: Looking for beach (or close to beach) FL STR
- Rental Property Investor
- Ballston Spa, NY
- Posts 15
- Votes 2
Hi, my wife (we live in Upstate NY) and I are planning to purchase a STR this year with the plan to rent it for most of the year, and vacation 1-2 weeks there ourselves. Focused on St Augustine Beach area (outside the "transient rental regs" zone...), but close enough to the St Aug downtown that ppl can get there easily.
Mainly looking for condos, but not seeing anything that pencils well. Basically seeing break-even at 75%-80% occupancy. Hard to know what to expect given the quality of data I can get from AirDNA and similar resources. Any insight would be greatly appreciated.
Not absolutely married to St Aug, but would like a place that would draw renters and also satisfy our "foodie" tastes...
Thanks in advance, Todd
Post: Investing in Saint Augustine beachfront property
- Rental Property Investor
- Ballston Spa, NY
- Posts 15
- Votes 2
Quote from @Chris Mury:
Hello, Likun!
Great question! I would point you towards Vilano Beach or the Butler/Crescent/Treasure Beach areas of St. Augustine. Unfortunately, the city of St. Augustine Beach has tight rental restrictions and have issued just 100 "Transient Rental Licenses" which, of course, are all gone. Here's some details from the city:
https://www.staugbch.com/citym...
The areas I recommended have little to no restrictions on short term rentals and would make a much better investment if you're hoping to rent your home when not using it. Feel free to ask me any follow up questions you might have.
Chris
Chris, do you know if "medium density" covers condo complexes? Hard to navigate these regs...
Thanks, Todd
Post: STR-friendly CPA in NY
- Rental Property Investor
- Ballston Spa, NY
- Posts 15
- Votes 2
Considering STR, would like to speak to a STR-friendly CPA in NY, preferably in the greater Albany area. Anyone know anyone?
Thanks, Todd
Post: Tenant noise - considering adding insulation in interior walls
- Rental Property Investor
- Ballston Spa, NY
- Posts 15
- Votes 2
Quote from @Eliott Elias:
I believe there should already be insulation in the walls?
Post: Tenant noise - considering adding insulation in interior walls
- Rental Property Investor
- Ballston Spa, NY
- Posts 15
- Votes 2
Quote from @David Friedman:
Blown insulation works pretty well, but if it is really bad you can get acoustic drywall and install it over the existing drywall. Depends on your budget. Now is the time to do it if the unit is vacant.
I did some more digging - someone in a different BP forum recommended Green Glue and QuietRock installed over the existing drywall. Probably can also use high quality/density carpet pad + carpet for the bedroom floor. I'll leave the living room hardwood the way it is.
Post: Tenant noise - considering adding insulation in interior walls
- Rental Property Investor
- Ballston Spa, NY
- Posts 15
- Votes 2
Quote from @Theresa Harris:
I'd worry about fire proofing between the units if the walls are that thin. How is the property laid out? two units on the main floor and one upstairs? all side by side?
Downstairs is one unit, upstairs is split.
Post: Tenant noise - considering adding insulation in interior walls
- Rental Property Investor
- Ballston Spa, NY
- Posts 15
- Votes 2
We have a 3 unit property, and one tenant moved out recently. She mentioned that normal noise from other tenants (baby, talking, etc) kept her awake at night. Got me thinking that there is probably no insulation or other sound barrier between the units. We talked about having insulation blown into the shared walls. Not sure what to do about the floor.
What do others do?
thanks in advance.