Owners in PCB - how are you surviving upcoming slow months

[Keena Santos]

Calling Owners in PCB

First time investors in Panama City beach area and experiencing slow month in august and it isn’t even the colder months yet, how do you guys manage during winter months? 

Our PM has postings up for long term discounted rentals for colder months but nothing yet. Starting to get worried if this will be the case until spring. Any experiences to share? 

[Kyle Momany]

@Keena Santos As an agent and investor in the PCB market, winter can be difficult to get additional income. I tell everyone that 80% of your income is made between March - August. The other 20% is dependent on how you approach the off season. 

I'm not sure on the size of your property but, for the past two years we have shut our calendars off at September first and marketed it as a " month to month" or " Mid-term rental ". I recommend doing this at the end of July - early August. For us, Zillow and Furnished Finder are the two platforms we've listed it on. Both times we had tenants who were interested that paid all cash for a 6 month stay ( till March 1 ) which got us through the whole off season and ready for the following summer. If you want to message me, I'm happy to share the listing we built, rental income, etc. 

Best of luck!