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All Forum Posts by: Amanda Ferguson

Amanda Ferguson has started 0 posts and replied 54 times.

What market are you looking for STR Property Insurance in?

Post: STR in Miramar Beach

Amanda FergusonPosted
  • Destin, FL
  • Posts 55
  • Votes 50

@Brandon Beaudoin Samantha Vaggalis with 850 Coastal Cleaning is great.

@Paul Shannon a lot of investors do also love Crystal Beach as most of the homes in that area do not have an HOA. Rentals are very strong in both Crystal Beach and all of the Destiny neighborhoods. Also, be careful that you understand what a rent by owner means by what they grossed. Many of them give you the reservation total they collected which includes taxes, pdp fees, travel agency fees, credit card fees, housekeeping charges, etc. Feel free to let me know if you want to see a rental revenue analysis on any address and then what your rental related expenses would look like. Then partner with a great agent like @Matt "Roar" Gardner to get a clear picture of ownership and HOA costs to have all the data you need to ensure you aren't missing anything in calculating your return.

@Matt "Roar" Gardnerundefined

True a lot of PM's charge up to 30% or more, but not all do.  Turnkey Vacation Rentals does not.  They charge 18-23% depending on the location.  

I've been in the industry for over 15 years though and a lot of manager do charge a LOT.  Also, really important to make sure you are with a reputable manager who uses trust accounting to protect advanced guest deposits!

@Aaron Barber where are you looking to invest in short term rental properties?