Cash flowing long term rentals

[John Vitta]

Has  anyone been finding any cash flowing long term rentals in the Pinellas and Hillsborough (Tampa Bay) County areas recently?

[Matthew Kirkwold]

I'm not in those markets but what I found interesting was that rental comps I found for my property went up about $150/mo in rent between the time I made my offer to when I listed the property for rent after closing (about 6 weeks). So when running my analysis to make an offer, the cashflow wasn't great year 1. By the time I actually listed it for rent using more recent rental comp prices, the cashflow improved. That could be due to prices going up during the early to mid spring time as rental demand increases or other reasons.