All Forum Posts by: Donna Hampton

Hi Ben. I keep a list of local home service businesses that have been used and recommended by home owners in PCB. General contractors are on my list. If you would like the link to my list, please provide your email address. GC's are crazy busy but I also have sub-contractors on the list so if you need to use them, you have some to choose from.

@Sam Wilson 

@Sam Wilson I hope you make it to the PCB meeting on October 6th. I would love to meet you and discuss the PCB market. Blake does a great job of running our local monthly meeting.

I am a Realtor in PCB and work with out of area investors that buy condos. The down payment required will depend on whether a condo is in a warrantable vs non-warrantable building. It can be warrantable if it meets all of the Fannie Mae requirements with a down payment of 25% or it can be non-warrantable and not meet the Fannie Mae requirements and require a 30% or more down payment. Whether a building is warrantable or non-warrantable can change regularly and so there is not a set list of condos that fall into either category. Your lender would have to check with the CAM of the building you want to purchase in order to know which category it would fall into. Expected income is also going to depend on a number of things. Where the condo is located and the amenities it offers, how much you pay in HOA fees each month, and how much you pay someone to manage it vs managing it yourself are some of the things that dictate the income. The closer to the beach it is, the more money you will get per night in rent.

https://www.pcbfl.gov/home/showpublisheddocument/2953

https://excisehome.com/panamacitybeach/App_Themes/Default/HTML/Registration

Make sure you know the rules for short term vs long term. These links may be helpful.

If you bought it in one of the condotels then they probably have their own PM. For instance, in Laketown Wharf, they have their own team that provides full service but if you want to do your own bookings then they will give you a price to do everything else (cleaning, maintenance, etc). There are many large PM businesses in PCB that offer full service - such as Vacasa, Blue Swell, etc - and many small ones that can do whatever services you want them to do. Most of them will offer a menu of services but you will need to talk to each one individually. You can expect to pay around 20% of your bookings for full service. The big companies do a great job at marketing and accounting/reporting and quickly taking care of issues so they may be worth the money if you are out of state. 

I agree with Kyle. Many PM's will let you choose from a menu of services. Some of my clients use AirBnB to market and do bookings for their own properties and use PMs for cleaning, maintenance, etc.

Try Niki Bickford at Southern Shores 850-832-2394 or Beth Jones at Blue Swell 850-714-3396

Are you planning to put it on MLS as well?

I keep a list of warrantable vs non-warrantable condo's for my buyers plus a couple of options for local lenders that deal with these types of purchases. One more reason why cash is king.

In PCB I see LVP in most updated properties. It is easy to clean, no grout to get dirty, sand from the beach is not a problem, and doesn't crack like tile.