All Forum Posts by: Derick Bonsu

When I evaluate a property I count the number of beds it will hold. I multiply that number by $200. I multiply the resulting number by 26. If the purchase price is less then the second number I buy it. But I'm not in the typical re market.

It should all be this easy.

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Quote from @Derick Bonsu:

Quote from @Steven Goldman:

The short term rental market in Philadelphia is on fire.

Disregard. I noticed your detailed post

Isn't there a lot of regulation out there in Philly

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Quote from @Steven Goldman:

The short term rental market in Philadelphia is on fire.

Isn't there a lot of regulation out there in Philly

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I'll be interested in hearing about Tybee and Jekyll as well.

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Quote from @Brett Nissen:

If you are looking at Jacksonville Beach to STR, the bylaws do require a local person to be a 24 hour contract for the property. This makes self managing an issue. I live in Jax Beach, and also work with a lot of clients buying STR here (I am an agent). The property next to me actually is an Airbnb, and the owner is starting her own PM/consulting for ppl looking to STR in this market

This isn't really an issue. Find a good cleaner, pay h/her well. More importantly, build a relationship. My cleaner even hunts for local furniture on FB marketplace when something breaks.

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Quote from @Ryan Schrope:

Depending on what exactly you're referring to as Jax, there is STR regulations beachside. However as of now Jacksonville itself is fair game. I myself do not currently own any STR here but am working towards it as well!

I'm referring to Jacksonville. If I were buying, I would stick with Jacksonville Beach or St Augustine as they already have rules in place.

I wouldn't call it fair game. Lol. Lack of regulation is not a safe bet. Sure they've been talking about it forever and haven't regulated but ...

As I said, enter at your your risk. All it takes is a politician ready to satisfy the locals complaint of lack of affordable housing.

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I'll preface this by saying Jax currently does not have any regulations so enter at your own risk.

With that out of the way. I do pretty well in Mandarin but it really depends on your target market. Determine your target then go where the are.

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I've heard "only in the historic district" but that's about it. I have not been able to confirm any information from the local government.

What I do know is Jax Beach and St Augustine already have regulations in place so that's where I'll likely head. Of course you already have the place so that's a different story.

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Jacksonville, Florida

@Brenden Mitchum Excellent insights. Thanks. I would love to chat with anyone in the area that's doing well with this strategy in the area. I was originally targeting Airbnb but aside from ATL and Fairburn, I believe, most of the suburbs do not have any regulations yet, which I don't like.

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Atlanta, Georgia

Thanks Cliff. I sent a request on their site.

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All Forum Posts by: Derick Bonsu

Derick Bonsu has started 6 posts and replied 91 times.

Post: No financials for B&B = Skip or Buy?

Post: Good market for short term rental can put 40-50k down

Post: Good market for short term rental can put 40-50k down

Post: How is Tybee Island regarding regulations and STR outlook?

Post: Jacksonville Fl STR info and help

Post: Jacksonville Fl STR info and help

Post: Jacksonville Fl STR info and help

Post: STR regulations for City of Jacksonville, Florida

Post: House hacking by the room? Atlanta

Post: Looking For CPA/Accountant