All Forum Posts by: Daniel Walker

give me a ring if possible.   I am in real estate and vacation rental property management in PCB, 30a (rosemary beach) and Destin area.  Only certain properties will be rented by snowbirds on the winter.  One or two bedroom condos with a master on the gulf is what rents easiest that time of year.   But even if it doesn't rent in the winter,  you should make enough from March to Labor Day to cover your expenses,  mortgage and all.   I can help explain more when you reach me.   Thanks 

Many of my customers do the same thing.   Not every area allows vacation rentals though.  As far as I know, no place on the Atlantic allows them and only the pandhandle and Tampa/Sarasota area do on the Gulf.    

Hey Blake, this is a good place to start.  I have helped a couple investors buy in my market ( I cover Panama City Beach, Beaches of South Walton and 30A and Destin).   I have also had some good conversations with some folks on this site that are just learning about the vacation rental strategy to bundle with their other strategies.   

Best of luck to you and BP is a great place to start.

I would be happy to help. Please feel free to contact me at your conveince. I cover Destin, 30A and Panama City Beach. I would like to hear your goals and see what I might be able to uncover for you. My customers are mostly second home buyers looking for ROI from vacation rental income and appreciation. But I have experience both as an agent and as an investor in a limited capacity for other techniques like seller financing and long term rental properties.

I will be a little out of pocket today at noon showing property but can talk when you want.    My direct line is 850-974-1621 and my email is [email protected].    I have personally sold close to 100 properties in these 3 years so I hope that shows I am hard worker and can be for you if we match.   

Thank you in advance.

Lars, 

There is no one source for this information.    What you'll have to do is call each individual management company and they will give you averages.  Or you can call each individual condo you're considering and ask for that information.

This is something that I do, being a Realtor in this market, for every customer I work with that wants to do vacation rentals.   I can even give you some management companies to check on to help you rent it.   The most productive means is renting yourself though on VRBO.com.   

For the HOA's, in most cases, they include almost everything. They nearly always include water, sewer trash and cable, exterior insurance, management and maintenance, and security. Most of the newer buildings also include wireless internet and put money back to fund the reserve account. What you should definitely expect to pay is power (included in a select few condos), taxes, inside insurance (contents plus liability). The state of Florida also charges a bed tax but usually that is charged to the renter.

Feel free to contact me for additional information.   I will help anyway I can and would love to work with you.   In Florida the sellers pay the brokerage fees, even if we are operating in a fiduciary capacity.     Thanks and good luck

Guys 30A and Destin typically charge 25-35%.   Yes Sandestin charges a crazy 50%.    There have been management companies popping up left and right and since most of my business is vacation rentals, I will have one up soon and will be charging 17.5% or 20% for those producing less then 20k a year.     My company name is EmeraldCoastBeachHomes.com.    It is sales now but rentals in the future.  

The main thing you need is a company that will advertise on VRBO.com.   That is the most productive tool around, even more so then the on-site management companies.    Go with a smaller, more boutique style company because they will often offer other incentives.   For example, my plans are to provide bikes for renters along 30A and even stock the pantries and fridges for the renters at there expense.    This should be a good means of retention.   Another thing I will be doing is following up after they check in asking them to rate not only their experience but the cleanliness of the room (keep cleaners held accountable) and offer a small incentive for them to make another reservation immediately.    

Josh,

Are you only down for this week? Where are you staying? Yes I'd be happy to meet with you. Tmrw morning I have to go to Ft Walton Beach to do a walkthrough on a condo that my buyer made a site unseen offer on. Thursday would be the best day for me as of now.

Can you give me a little detail on what your looking for? My email is [email protected] and phone is 850-974-1621.

Thanks

Bobby,

I might be able to help you. What is your business? I am a realtor covering the Emerald Coast. While I primarily do PCB, I could work Panama City main if there was a benefit to me. Just so you know, I am a very hard working realtor. Since Jan 2012, I have sold 90 homes for 21 Million in volume. I just want you to know I work very hard for my business partners and clients. I want to get into REI more then I have had time to do and would be happy to discuss that possibility with you. My number is 850-974-1621