All Forum Posts by: Dmitriy Koval

Have you tried Proper Insurance? They specialize in STR.

@Dmitriy Koval

DM me I got a good one

Lot of great info on this thread. There are over 30 zip codes in Jacksonville, and variation even within zip codes, so you will not be able to break the are down completely by zip codes. That budget will get you onto the beaches, or very close, but the problem with the budget is that cash flow will be very difficult for an LTR for an SFH at that price point. If the main goal is investment/cash flow - you may want to look for a multi (You wont find one near the beach at that budget), or go with a lesser home for less $$ (also further from the beach, except you might get lucky in northern Atlantic Beach/Mayport). If your personal enjoyment of the property is the main goal, and cash flow is not, you can certainly find a very nice home near the beach under 500k. I am a Jacksonville real estate broker, and I live on the beach- I would consider the Beaches/Intracoastal the area I am the most familiar with. If you need assistance or references to vendors, feel free to reach out.

I'm a little biased just because I live and invest in Jacksonville, but I am a huge fan of the beaches on the Gulf coast.

With that being said, I do not own any STR rentals just yet, but the more networking I do, I'm definitely seeing the potential. I used to think that STRs were only viable by the beach or downtown. JAX has really opened my eyes to the possibility of having an STR almost anywhere. While I don't advocate investing in warzones, you would be surprised where AirBnBs are located here. But a good rule of thumb is that it has to work as a LTR first just in case regulations change in the future.

In my opinion, AirBnBs are doing great in Jacksonville because of the availability of quality hotels is very limited unless you are staying by the beach. You have a large number of people visiting family and friends who are staying at the Mayo Clinic. You also have at least two large military installations in Jacksonville where service members and their families with pets would love to rather stay in a nice STR than a crappy Days Inn when they are between duty stations. I went through it several times when I was in the Army. Oh, and Uncle Sam picks up the tab. 

Not to mention the traveling nurses that work in the many hospitals here or the influx of people in general that are moving to Jacksonville while their permament home is ready, and they do not want to rent an appartment or stay in a random hotel for three months.

 Hi Dmitriy - 

STR in Central Florida (greater Orlando) is primary focused in the area that is 10-15 miles from Disney in Lake, Polk, and Osceola counties. Orlando, which is is Orange County, is not friendly to STR unless part of it is owner occupied.

The short story is that STR demand remains extremely strong there, as is the competition... but there is still money to be made. Generally, 4 bed homes or bigger is the best investment for returns.

Hope that gives you a flavor of our STR market.