Beginner Airbnb/rental properties

[Davidangel Muniz]

Hello, I hope everyone is doing good! I’m looking for some guidance in terms of how to really get started and where/how to find the best Airbnb/rental properties for investing in Florida. I have a partner, and he has gotten all of the paper work/licenses done, now we just have to actually get started. As of today, what would be our best target market? When would be the best time to try and get a property? Our goal is definitely to have a positively cash flowing property, but we know it takes time. Any information is appreciated, thank you all! 

[Nick Velez]

@Davidangel Muniz

The best target market for you really depends on your financial situation and what you can afford. There are some great markets to invest in such as Pinellas county, but there is a barrier to entry to have a performing property. There are plenty of transient markets in Florida where the supply of median home priced properties can cash flow well but it would make no sense to purchase a luxury property in that market. 

I would argue that the MOST IMPORTANT factor for success will be a boots on the ground team that knows the STR market in and out. Utilizing a realtor whom owns/manages properties in your desired market and can give you concrete real numbers is such much more valuable than running hypotheticals on AIRDNA.

A lot of my successful Florida investors are purchasing performing properties in Pinellas county with @Josh Green.