All Forum Posts by: David John Forliti

Thank you for all of the great feedback.  

Our plan is to use the place some ourselves, so it needs to accommodate a family, hence the desire to look for four bedrooms.  Our ideal guest then would be families or small groups.  I will continue to do research and look at the performance of different property categories, in the end I need to trust my own analysis and the data that supports it instead of generalized statements from others, even those from property managers or RE agents, or at least have them explain to me why my analysis is not correct.

Thanks again for the insightful comments!

Hi,

I am doing a lot of analysis of SBR opportunities in a few different places and talking to a lot of folks (i.e. agents and property managers).  I keep hearing that 2 or 3 BR properties rent out much better than 4 BR, but this in contrast to airdna and BNBCalc at least on projected revenue.  I can see that there is a great market for smaller places for couples, but larger groups seem to be a good thing to target as well.  We have been looking on the north east coast of Florida and Savanah Georgia.  

Thanks for any thoughts!  

Hi all,

Just finished exploring some areas in Florida for purchasing an house to STR but the margins are thin in the areas we were looking, so now we are shifting to looking at Savannah. Specifically I'd like to find a real estate agent with STR experience, or recommendations/thoughts from anyone with experience in this area.

Thanks!

Dave

Thank you Dan, I do have a sense that CA is perhaps more risky in terms of being STR friendly looking towards the future. I appreciate the heads up on that legislation and I'll have to look into that further. We love CA, but as an STR location it is probably not at the top of the list right now, but our list seems to change daily, so we will see.

Thanks Kenneth, I agree and that is pretty much where we are. We have been to some of these places already, but we will be visiting some more soon to get more direction. I hear you about the STR restrictions, and hope that LTR could be an option as rules change over time. We see that many areas have so many STR options that saturation is a real concern.

Hi,

My family and I are looking at REI with a focus right now on FL, CA, or AZ, with other considerations in the mix. We are 10-15 years out from retirement, so our current thought is to get a STR or MTR that we can use part time in a limited capacity until retirement. Not looking to build a huge portfolio or anything, just want a warm place to escape from time to time as well as an eventual retirement location.

We are a bit overwhelmed and looking all over the place. We do like both coasts of FL, but are worried as one would expect about insurance costs. I like Naples but the value on the east coast (e.g. St. Augustine) looks better. We used to live in SoCal and are fond of the area but most coastal areas are not a good fit in terms of value, so perhaps some of the areas around Palm Springs (e.g. Indio) that allow STR. Some interest specifically in Sedona AZ via word of mouth from friends but we need to look into it.

We are preapproved and ready to get going but need to explore our options and get as much good advice as possible. Would be very interested to connect to anyone with thoughts on those areas, in particular anyone doing STR in these areas remotely from MN or the midwest. Open to recommendations to LTR but we lose the occasional access we are hoping to have.

Thanks for reading and best regards!

Dave