Advise for a STR newbie

[Jenny Bui]

Hi Anyone has STR in Navarre Florida or knows about this area could give me some advise. I found a nice beach house that I contemplate to move forward as the current occupancy rate doesn’t provide the positive cash flow but it is a very nice property. It has just recently renting out and it seems to produce more income compare to last year. However by adding up the number it still provides a negative profit. Would the number improve if I increase the bed to fit more sleep? Or should I ReDuce the Rental fee Eliminate the PM? Is it manageable if I live out of state? Do you know the occupancy rate currently for Navarre? The reason I like Navarre is that It’s not as commercial and more affordable Than Other parT Of Florida Any adviSee For This NeWVie IS GReAtlt Appreciated !