All Forum Posts by: Casey CJ Noble

I've had some struggles on a couple of properties this year with the same issue...roofs have become a huge deal in the insurance industry in FL.  If you're unable to get coverage from other insurers and you do not want to prematurely replace the roof, I'd suggest looking into a Citizens insurance policy.  Let me know if you need an agent that works with them and I can hook you up.

I also have used Zillow leases and came across the same thing.  When Zillow makes the copy of the lease you can just leave the same original deposit amount.  Since you already have the deposit in your possession it's a non-action item.  Theoretically it's like you returned the deposit and they gave it back to you for the new lease.

Hi Jay - I've got a good handyman I use on all of my rentals here in Jax area, and at a very reasonable rate.  Shoot me a DM and I'll get you his info.

Is he on any kind of lease?  If not, I think you don't have any obligation to let him stay in your home.

I'd say you definitely want to have any short-term rental listed on VRBO in addition to Airbnb.  A few other sites to consider are booking.com, HomeToGo, and Hopper.

@Jimmy Sompotan - I'm a CPA, investor, and realtor local here to the Jax area.  Would be happy chat to see how I can help!

@Sam Zawatsky - I feel your pain!  The 1% rule is getting very hard to come by, and the current interest rates don't lend a hand in giving comfort deviating far from that rule.  While hard to find, there are certain pockets around town that these can be found, usually ones that need a bit of a facelift but nothing too major.  The market has certainly cooled a bit and I see sellers are no longer seeing the bidding wars, homes are staying on market longer, and seeing price cuts.  I think opportunity is definitely out there and buyer negotiation may be shifting in our favor some.

@Account Closed - that's exciting on making the move and beginning your investing venture as well!  I'm local to Jacksonville and have been investing here for the past few years in single and multi-family since I moved down from NC.  Would be happy to help assist you in rent estimates for your search, whether that being a single fam house hack or potentially finding one of those hard-to-find profitable multifamily's.  Please reach out if you'd like to connect!

Certainly implement a month-to-month lease!  I believe current laws stipulate the landlord just needs a 15 day notice to end the arrangement, so if it doesn't work out it could turn over fairly quickly, assuming no eviction needed or substantial damage done.  Downside is most tenants are going to want a longer term starting point if they're moving into a new place.  Hope that helps!

I've closed on two properties in 2022:

- Two unit property: main house 4/2 + separate cottage 1/1.  The place was under bad management and was in desperate need of a facelift.  After securing under contract, we discovered a dreaded major capex project...septic replacement. We were able to negotiate the seller handling this prior to closing.  While this took months due to permitting, we were able to close and currently smoothly operating in excess of the 1% rule as a long-term rental.

- Mountain cabin in GA mountains: 2/1 log cabin.  While market seems high in this area for a turnkey cabin such as this one, short-term rental demand has supplied more than enough to attain target returns and a fun spot for myself and the fam to visit :)