All Forum Posts by: Daniel A. Abreu

@Jin Zhang, Kristina and Zach hit the nail on head. I've seen a couple of duplexes around $300k price point. Rents are super high, but STR will usually get you a higher NOI, Cap Rate, and CoCR. Feel free to reach out with any questions or concerns, I am always happy to talk shop. I am a realtor, investor, and title.

Hi @Grant Booze,

I'm in Tampa and I definitely hear you on prices in Sarasota. Depending on your strategy, it could still potentially work for you. If you're looking at other areas in Florida, I would definitely recommend Tampa/St. Petersburg. Plenty of opportunity here, and rents are continuing to rise. Please feel free to reach out with questions or concerns. Would love to help. 

@John Vitta it’s been tough in this market, but deals are out there.

Hi Shannon,

It depends mostly on what strategy you're looking at trying your hand at. I would highly recommend Tampa, as we have a fantastic market for both short and long term rentals. Happy to discuss any time. Please feel free to reach out. 

Hi @Megan Campbell,

Arbitrage model is tough in that you have to find an owner/landlord willing to let you do it. Many investors I know using that model spend a lot of hours on the phone trying to get the right landlord that will say yes. Many times they are offering above-market rents and long term leases. Guaranteeing the owner more money for extended period time is going to be your best pitch. Also, explain that since you plan on doing STR, there is a cleaning after every stay, meaning there will be frequent maintenance of the property.

Hope that helps!

HI @Laura Hildreth, I am a realtor, investor and partner with a local title agency. Would love to help any way I can. 

@Josh Green Very reasonable. Many of the fees title insurance companies have no control over (the owner's policy is a state promulgated rate based off the purchased price), the title search is dependent on what the underwriter charges, lien search depends on the municipality. If you would like to chat further about it, I'd be happy to sit and discuss in more detail. 

@Josh Green, I am actually a partner with Scarab Title & Escrow Services, LLC. The team is super knowledgable in all forms of investors deals!

Hi Angelo,

All the different municipalities in the Tampa Bay Area all have different rules and regulations in regards to short term rentals, but there are a numbers of ways to stay in compliance. Do you have a property you're already looking at, or trying to decide where you should be looking?

Hi Ana!

I am an investor, realtor, and representative for title here in Tampa. Don't be discouraged from jumping in. Yes its crazy, but there are still deals out there, especially in our market. I work with plenty of other investors, happy to help any way I can.