All Forum Posts by: Troy Nowak

I verified with the city and investors can add them with meters on single-family homes as long as there are no deed restrictions. I 100% agree with this being better for cash flow and appreciation in neighborhoods with limited multi-family. The numbers look a little high for quotes on adding ADUs and I am working on finding a contractor that specializes in affordably converting two car garages. 

Is it possible to legally build one as an investor and not an owner occupant though? 

The cities information seems like it’s only allowing ADUs to be added when it’s your primary property. 

Are we talking about buying properties that already have an ADU or buying St. Pete properties that have a 2 car garage in order to create an Affordable 1-1?

The city has made ADUs very easy to permit if it’s your primary but I don’t believe an investor would be able to add one with a separate meter. 

I would agree and much rather buy a single family with a two car garage to value add for cash flow if the city allows. 

Hope your search is going well Kara! 

Knowing what areas allow daily stays is essential. 

Feel free to reference this article for a review of all areas that allow daily stays within an hour of Tampa. 

Pinellas County pool homes offer far better returns than Tampa in my experience. Tampa can also require a 7 day minimum at anytime although it’s rarely enforced. 

Feel free to reference this article for all areas that allow daily stays within an hour of Tampa 

It’s definitely not worth the risk. I was threatened a fine by the city of Clearwater after a neighbor complained and had to move to LTR. 

Feel free to reference this for a review of all areas within an hour of Clearwater that  allow daily stays legally.