St Petersburg Maintenance/Vacancies

[Matthew Patton]

hi all,

I am in the Tampa area attempting to buy my first 3 or 4plex to move into. When crunching numbers for a max offer price, I'm factoring 10% maint, 5% vacs, 10% management.

Some of the units are rehabbed. Some are not. Most of them are over 50  yrs old. I'm curious what you are experiencing with these costs in the St Petersburg/Tampa area. I feel I may be trying to put aside too much for rehabbed units (or maybe even non rehabbed for the price point of everything down here) and am coming up with max offers that are well below asking price. And with this market Im not sure I'll be able to safely get in on the fun.

Appreciate your time.

Matt