Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Caleb Richardson

Caleb Richardson has started 5 posts and replied 50 times.

I would definitely trade for some Alabama gulf oysters any day, particularly Dauphin Island or Murder Points!

Post: 203k advice for a 1st time investor

Caleb RichardsonPosted
  • Realtor
  • Austin, TX
  • Posts 52
  • Votes 32

@Brandon Dubisky which state on the gulf coast? Does it matter to you?

@Brandon Richardson Thank you, and well done!

Post: First 160 podcasts are amazing!

Caleb RichardsonPosted
  • Realtor
  • Austin, TX
  • Posts 52
  • Votes 32

@Dustin Gale Thank you for this Dustin, there are so many that I have trouble sifting through them, and I'm a little too A.D.D. to listen and focus on them while I work. I usually burn through them at 2x speed, but I'll back up and slow them down for something that sounds particularly enlightening.

@Brandon Richardson This is a delightfully informational post, thank you so much for the details. Care to do an update on your numbers for 2018?

Post: Private Property Rights Protection Act

Caleb RichardsonPosted
  • Realtor
  • Austin, TX
  • Posts 52
  • Votes 32

Here is a link to the Bert Harris Jr. Act

Here is a link to a local article about the ordinance

I can't seem to find the proposed ordinance online. It would cap the total occupancy of any property at 24, with a limit of 2 per bedroom plus 4 to the final total. So a 4 bedroom house would have a limit of 12. Some properties currently sleep up to 40, so up to a 35% decrease in what these owners are allowed to advertise. The city only plans on enforcing the owners and management companies advertisements of these properties, because there's not much they can do if the guests decide to bring more than is allowed into the home without a warrant.

Post: Private Property Rights Protection Act

Caleb RichardsonPosted
  • Realtor
  • Austin, TX
  • Posts 52
  • Votes 32

The city of Destin is in the process of passing an occupancy limit for short term rental homes in residential zoned areas. This will obviously devalue many rental homes within the city limits, some more than others. At the city council meeting last night, there was a lot of talk about the Bert Harris Act/Private Property Rights Protection Act, and the number of lawsuits that would follow in the wake of this ordinance if it passes. There is a 5-year grandfather clause in the ordinance that may allow some properties to continue to be occupied at their current limit (if there is one) to apparently limit the amount of Bert Harris Act claims. The language in the grandfather clause was vague, which was concerning to those who were against the ordinance and had homes that would be affected.

I have no legal background, which is why I have come here (obviously). 

My questions are for those who have any experience with the Bert Harris Act. 

What is the settlement process like for Bert Harris Act claims? 

How much could it potentially cost the city?

There are several hundred STR homes in Destin, so I'm sure some figures could help, so I can gather some if requested.

Has this happened in other cities in Florida? How did it play out?

Thank you in advance for any input.

@Luke Carl @William Leahy Just for some perspective, what price range were you looking at while running your numbers?

@Dev Paul

I have heard from property managers along Destin/30A that long-term rentals are getting hard to come by, and some of the larger STR homes still standing just west of the major damage are being rented by contractors/workers/adjusters for months at a time without even a request for a lighter rate for their extended booking. I have never been this close to a major natural disaster like Hurricane Michael, so I'm not sure how long those effects will be felt. Our next door neighbor in Destin is only a part-time resident and has rented his home to a family from Panama City.

@Luke Carl thanks for the profile input too haha. I just did a quick copy/paste from our website. I'm going to tweak it later, it's on the to-do list.