All Forum Posts by: Alexei Semenov

The Short Term Shop are experts for STR, I would reach out to their team and Avery Carl.

Whew @Alexei Semenov, that is a huge place. To @Tyler Winget point, you can still STR the property as a whole but I see where you might go with this.

Is the property actually split into 2 separate units? Kitchens on each floor?

There are several ways I might go with this. It is a really big place but if it is a up and down you could rent them separately and list them together for a big family or group.

Are you planning to live in the place or nearby? That might be a requirement for a nightly room rental.

I would drag @Luke Carl in here to comment. He has some rentals in FL (not in Miami) but has a better pulse on this.

My 2 cents, I would probably not do by the room rentals. I would seriously look at going the family route with this place. How much cashola are we talking? What is the nightly rate for other places in the area? Is there even another home that size nearby?

@Alexei Semenov Quick tip - search on Airbnb for the address, filter for "flexible" dates, then filter for the same number of bedrooms, and see what your competition is like in the neighborhood. 

What makes you want to rent by the room individually? Rather than, say, the whole home? 

Then comes factoring in for furnishings, and I'm not sure of the Miami market, but I can imagine competition isn't easy. 

Pursuing STR can be worthwhile if your due-diligence checks out, but it's certainly not for the risk-averse investor.

Ok, next question. Have you read everything on the forums? There is a ton of info there for you to peruse.

What is the draw to the house? Close to the beach? Lot's of nightlife? Are you looking to get traveling folks for work or students?

Are STR's allowed in the area where the property is located? Is it a house or condo or ?

Hi Alexi, I have loans on my student rentals both conventional and commercial, and nobody had a problem with students. Each lender writes their own rules as to what risks they're willing to take on. I would contact local lenders in Tallahassee to find out who will finance student housing in that area. 

Not sure I completely understand your question. Are you looking to purchase a property and rent it out to students near a university? Can you please explain a little more of what exactly you are trying to do?