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Updated over 2 years ago,
First time Florida investing and setting rent price
Hello BP,
My family and I for years have been long term rental owners here in CA. We recently took a brief exit because of a bad tenant experience and CA landlord laws are not the most forgiving or easy to navigate.
That being said I feel like I will be taking my talents to south beach, or Tampa or Orlando for that matter! When investing from a distance I understand the team around you must be way more trustworthy and because of 3rd party management the deal in turn has to be that much better. All that being said I’m willing and eager.
The idea of STR makes me a little nervous because of the increased amount of upkeep. What is being done to manage this? What experiences do you have positive or negative too please. What are they doing for you what don't they do for you?
I’m much more familiar with the buy hold, gaining through cash flow and appreciation. What questions should be asked to qualify property managers?
Lastly being from outside of an area what resources do you all use to determine rents?
Thanks I’m advance looking forward to building the portfolio back up again!!