All Forum Posts by: Jason Buxx

What kind of permitting does one need to run an STR exclusively using Airbnb and VRBO in Kissimmee? Is it just the DBPR license and the city use tax license??

@Remington Lyman Thank you for that list, that was be a very good place to start. 

Thank you to everyone else as well for the tips, we are excited to get started! 

Hi Everyone! We are looking to expand into the Columbus Ohio area and are looking for suggestions on areas with great BRRR potential. We are looking to keep rents above 750/month and prefer to focus on duplexes or multifamily properties up to 16 doors. We would love any recommendations and tips for areas to avoid! Thank you!

Jason

@Justin Tahilramani We are also looking at the Fayetteville area and would love to hear your recommendations. We are looking for 2-8 unit BRRR properties, or turn keys that can provide good cash flow at purchase. Any and all recommendations for good property management companies, good agents and contractors would be a huge help.

I find Michigan to be a very interesting place to invest due to the extreme highs and lows in home prices in such close proximity. My advice would be to find a real estate agent that focuses on rental properties or even better one that owns rentals themselves. This agent would likely know the best places to invest in the area and where the sweet spots are where properties are cheap but up in up and coming areas. 

I have found in my research that many areas are already overpriced and would be harder to make a profit from renters, but they are out there. Royal Oak is an area that I think is too expensive, but there are other places like Lansing and Grand Rapids where cash flow seems better. 

Last piece of advice would be to check the laws for each city concerning rental laws. I'm no expert in this area but I have heard certain cities are very renter friendly and this can cause challenges for landlords if disputes arise.