All Forum Posts by: Adrian Lammersdorf-Scioll

I've been house hacking for about 3 years now in the immediate Orlando area (Maitland, and College Park) and appreciation has been very good to me.  I've earned about 150k in sweat equity alone, and had no problem increasing the rents on both of the properties I bought.  The landlord laws here are great as well, and prices aren't too crazy for a normal income.

 Good to know thought, thank you!

 I got another response recently.  I used a yellow letter, and made it quick.  Got the advice from Anson Youngs book "finding and funding off market properties"

 Thank you

I am helping some clients of mine rent out (1-6 months at a time) a condo they have on the beach in New Smyrna.  It's fully furnished and they like the idea of doing a medium term rental.  Does anyone know where I can find a good document to use to write one up?  Preferably a Florida one, also if you are an attorney and have one that I can revise for under $100 please send me a direct message.  Thank you

 I mostly use a fetch software from a title company, but sometimes will use propwire and the mls

Hi Louis, I have had success myself with the BRRR method in Orlando, and am currently working with an investor that uses it as well. You may have to be okay with just breaking even in the beginning or only getting a small amount of cash flow for the first couple years. It's hard work, but the appreciation you can get and depreciation is a huge bonus.

I haven't done the MTR yet, but plan to on the place I fixed up since its next to the hospital.  I connected with another investor that owns one (MTR) next to mine and they said they do really good you just have to make sure the property looks very nice.

Another option could be looking into doing a padsplit.  I have a good resource if you need.

 It helps!  I'm going to make a separate savings until I have the extra funds to invest into it.  Who do you use, and what does your letter say exactly for the mailers that you use?  Thank you for the advice

Reach out to Ray Nunez from Padsplit, he has a lot of great advice for this.  You can find him on the padsplit central florida facebook page, or here on BP

If you're just renting a room you can find some room rental agreements that are Florida friendly on google.  If you are concerned about doing things perfectly legal just find a lawyer that can help you confirm it, and restructure if needed.  You can usually get this done pretty cheap $50-$100.