Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Tyler Gibson

Tyler Gibson has started 28 posts and replied 1237 times.

Post: security deposit concerning rentals

Tyler Gibson
Posted
  • Real Estate Agent
  • Orlando, FL
  • Posts 1,359
  • Votes 2,116
Quote from @Elvin Torres:

Hi everyone. what is your take on security deposits when it comes to renting? i was thinking about collecting the first and second month of rent in place of it and make that non-refundable.


 I always collect first month's rent, last month's rent and a security deposit that is refundable based off of the unit being returned in good condition. 

I would highly recommend collecting a security deposit. If you don't, you may attract a certain quality of tenant that will not care about your property and will be indifferent to whether or not damages occur in the property because there's no consequence.

Post: Realistic expectations for minimal effort?

Tyler Gibson
Posted
  • Real Estate Agent
  • Orlando, FL
  • Posts 1,359
  • Votes 2,116
Quote from @Thomas Slifka:

Looking to buy first rental in Orlando or Tampa from Connecticut. I've stocks over real estate guy, but I've maxed out 401k & IRA. Only debt is primary residence mortgage at 2.0875%. Have about $120k cash and an extra $3500/month I've been putting into a taxable stock account. My local realtor hooked me up with some experienced investors in Orlando. I'd like to buy a newer townhome or house around $300k and have property manager handle yearly leases. Looking for long term appreciation, don't need cash flow.


 That price point might be a little challenging here in Metro Orlando, but within an hour of Orlando you can certainly find this kind of property.

Post: Relocating to the sunshine state!

Tyler Gibson
Posted
  • Real Estate Agent
  • Orlando, FL
  • Posts 1,359
  • Votes 2,116
Quote from @Dalton Foote:

Hey Everyone, 

As the title says I am relocating to Florida late next month and would love to make some connections and get advice on any meetups that may not be on BP or meetup. I posted this in Orlando but I am unsure where we will live just yet. My fiance's new job is remote but will require us to live in the state of Florida which is why we are relocating. A little blurb about me and my experience:

Years of property management and construction project management experience lead me to owning a GC company focusing on investor flips, property management turnovers and remodels in Indianapolis Indiana. After partnering with a local property manager in that business it led me to consulting another property manager in transitioning to using in house crews to handle maintenance and turnovers taking advantage of revenue potential not previously tapped into. I have done a few personal flips where I have partnered with other investors and am interested in flips as well as multi-family value add. 

Now I am relocating to Florida and seeking new opportunities and connections in the sunshine state! No clue what is in store for me but excited to meet linkeminded people and provide value wherever I can! Feel free to connect and dm me if I can be of any service :)


 Welcome! Orlando is a great place to live and my personal opinion. Plenty of things to do. Easy access to the beach. International airport that can get you anywhere in the world. Orlando is a very diverse City where you're bound to be able to find your tribe. 

My friend and I host a monthly real estate investor Meetup. We typically promote it here on bigger Pockets. We'd love to have you out sometime if you're in the area.

Post: Seeking Proven Real Estate Expert to Rent My Davenport, FL Property

Tyler Gibson
Posted
  • Real Estate Agent
  • Orlando, FL
  • Posts 1,359
  • Votes 2,116
Quote from @Maxwell Banton:

I have a spacious 5-bedroom, 3-bath home in the Davenport area. My current tenants are moving out at the end of May, and I’m looking for an experienced agent who can help me rent the property quickly and efficiently to high-quality tenants. If you have a proven track record and know the local market well, please send me a direct message with your credentials and approach. I look forward to connecting!

Sent you a message 

Post: New Investor/Property Manager

Tyler Gibson
Posted
  • Real Estate Agent
  • Orlando, FL
  • Posts 1,359
  • Votes 2,116
Quote from @Sharad Jones:

Hey everyone,

I’m Sharad, an entrepreneur just getting started in the single-family space. I recently launched my business in Orlando, and while I’m definitely looking to grow, I’m just as interested in connecting with experienced investors, learning the ropes, and finding ways we can help each other.

If you’ve got properties, advice, or even just want to talk real estate—I’m all ears. Let’s connect!


 Welcome! Be sure to check out the local investing events that happen around town. 

Post: Anyone doing new construction Build-to-Rent in Central Florida? Insights?

Tyler Gibson
Posted
  • Real Estate Agent
  • Orlando, FL
  • Posts 1,359
  • Votes 2,116
Quote from @Allen Zhu:

Hey guys,

Thinking about doing some new construction build-to-rent in Central Florida. Just wondering if anyone here is already doing it and what your experience has been like.

Is demand strong? Are the numbers working out for you?
Also—any headaches with permits, zoning, or getting financing?

Trying to figure out if it’s worth it vs buying existing rentals or doing flips.

Would appreciate any advice or lessons learned. Thanks!


 I've had some friends here in Central Florida that were experienced and land entitlement and then transitioned into what was going to be build to rent. Then covid happened and prices for materials went up along with the sale prices of the homes. In the end it was a better return on their money to sell the homes. Now the Florida market has lots of inventory and so builders and flippers really need to be cautious and make sure they have enough margin to either price properties competitively to get them sold quickly or risk having additional holding costs by property sitting on the market. 

with a large amount of inventory, there are opportunities to make offers on properties. Since there are so many options out there. I would say it's probably easier to just buy on the retail market by consistently making offers at work on homes that have been on the market for 60 days or more.

Post: *New OOS Investor* NYC -> FL

Tyler Gibson
Posted
  • Real Estate Agent
  • Orlando, FL
  • Posts 1,359
  • Votes 2,116
Quote from @Adam Misseldine:

Hi Everybody,

I'm new to BP and am trying to learn as much as I can before hopefully getting my first deal by end of year. Thanks to all of you who are active on the forums; I've already learned a lot from those shared experiences. 

I'm a Florida native currently living in NYC with plans to move back in a few years. I'm eager to start my investing journey but NYC is out of the question, and I don't want to wait another 3-4 years to move back to FL. Ideally, I'd like to start now in Central Florida or Gainesville, since those are the market I am most familiar with and could visit frequently as an out of state investor. I'm specifically interested in long term SFH rentals in the greater Orlando area (avoiding tourist-dependent markets). The submarkets I'm most familiar with (Winter Park, Baldwin Park, Downtown) don't seem to have ideal price-to-rent ratios and prices are overall inflated. I need to branch out and identify other favorable neighborhoods in the area.

I'd love to connect with anyone who has experience investing or working with investors in Central FL. Thanks in advance!


 I'm a big fan of Polk county and Lake county, Florida. When you look at purchase price to rent ratios. There are several different cities in these counties that may provide a better option. You're correcting your assessment at Baldwin Park, Winter Park college Park and some of the other nicer neighborhoods in the Orlando areas are not going to cash flow due to their desirability from residential buyers. The prices continue to climb in these areas and make it harder to cash flow. That being said, these areas are going to have the best equity growth when you consider the long-term benefits of a long-term rental.

Post: Wholesale Real Estate: Learning & Growing

Tyler Gibson
Posted
  • Real Estate Agent
  • Orlando, FL
  • Posts 1,359
  • Votes 2,116
Quote from @Brayan Valdes:

Hi Kerry.   

Thanks for the welcome! Totally agree—meetups and building the right team are game-changers. I’m based in Orlando, so we’re practically neighbors in the Florida RE world.  

If you’re ever at a Central Florida meetup or want to swap local contacts (lenders, contractors, etc.), I’d love to connect. Your experience would be great to learn from!  

Either way, appreciate the advice. Maybe we’ll cross paths soon.  

Hey Bryan, welcome! I would highly suggest that you start attending as many local meetups as you can to help build out your network. My partner and I host a monthly Meetup for Saturday of each month. We actually moved our meeting do this Saturday due to some scheduling conflicts. We'd love to have you out. Hopefully we can get together soon and connect.

Post: Looking for fix & flip partner

Tyler Gibson
Posted
  • Real Estate Agent
  • Orlando, FL
  • Posts 1,359
  • Votes 2,116
Quote from @Ilya Strakhov:

Hi everyone!

My name is Ilya, I’m a contractor with over 7 years of experience in residential and commercial construction. I’ve worked as a subcontractor on multiple fix and flip projects across Florida — handling full renovations and helping investors prepare properties for resale.

I’m currently based in Orlando, but I’m open to projects anywhere in Florida. I specialize in:

• Demolition

• Drywall

• Kitchens & Bathrooms

• Flooring

• Painting

• Full interior/exterior renovations

If you’re an investor looking for a reliable and experienced contractor to help with your flips — feel free to reach out.

Happy to connect, share insights, or discuss upcoming opportunities.

Let’s build something great together!


 I'd love to connect.

Post: Selling cost of STR in Kissimmee, FL

Tyler Gibson
Posted
  • Real Estate Agent
  • Orlando, FL
  • Posts 1,359
  • Votes 2,116
Quote from @Dawn Harris:

We have STR that is doing fairly well. We may be planning to sell it. What are the approximate costs involved (commissions etc) in the process?


 Commissions would vary based off of what real estate service you use for the sale. As far as other closing costs are concerned, you will have your closing fees from the title company. I have the ability to provide you a netsheet from the title company that I've used which would provide you all of your closing costs.