All Forum Posts by: Eric Delcol

Originally posted by @Jason Gallaher:

@Eric Delcol Would you mind sharing that information with me as well? 

Sure thing Jason.  Send me a PM and we can talk in more detail.

Rachel Steenland We were in your same position just over a year ago. As a result I have extensive research on the entire country. If you know what you want I can point you in the right direction. Are you looking for cashflow, appreciation, or a bit of both? Multi family or single? Budget? From there I can suggest several markets for you.

@Laura greany "Is Tampa too over-valued" No. Right now it's at the level of stable. You'll be hard pressed to find fantastic deals, but the market is nowhere close to over-valued but rather it is at - value. I.e. Adjusting for inflation, Tampa is currently around where prices were prior to the 08 crash. Whereas most of the county is currently above pre crash levels - there are a few markets that are finally pushing past that line.

Congrats Jake! Sounds like your in a good spot right now. Regarding your question "which part of Tampa would be best right now for a rental property?" That's a bit like asking "what kind of car is a good car to buy" I suggest you decide what kind of property and what kind of tenants you want to market to first. Then folks here can give you a better answer.

Hi Y'all,

Does anyone have a recommendation for an investor focused real estate agent in the Fort Lauderdale area?

Hi Melinda, I know of a fantastic agent who deals specifically with investors and knows the Scottsdale area. Send me a PM and I can share their contact with you.

Each of these markets have different macro economics, so depending on your focus one may suit you more than the other. Indy - blue collar, stable job market Tampa - white collar, middle class, military Myers - retirees, vacationers In terms of cashflow and appreciation I'd rank them like this- Cashflow 1- Indy 2-Tampa 3-Myers Appreciation 1-Myers 2-Tampa 3-Indy Again, these are very broad strokes but may give you a starting point.

Cleveland is the same as Miami - just listen to an expert who's lived and worked in both cities: https://youtu.be/CQkQFfO6uJ4

Liz C. I know the Tampa market well. Feel free to send me a PM if you want any area info

@Jordan Butts
Do you know your city's by-laws when it comes to short-term rentals? e.g. AirBNB?

Fort Lauderdale has enacted several requirements:

-Application fee: $350


-Renewal / year: $160



-Parking / occupancy limits

-Inspections

-(and a few others)

Fort Lauderdale recognizes the short-term rental situation and has created a very fair system (if you follow the rules that is).


Neighboring Miami-Dade county however does not allow short-term rentals and fines owners $20,000 for each violation. Yes, that's right - $20K for each violation.

There was a man in the news a few months back who received said fines - however, he was not even renting his property on AirBNB - his tenants were without his knowledge. Which is something to be aware of.


I bring these points up because recently BP did a podcast with a member who started off renting out houses she didn’t own on AirBNB. Brandon and the guest said ‘oh just play dumb if you get caught’. 

It was disappointing to hear that on this forum because  -

A) it’s not morally right

B) everyone involved can possibly get into serious trouble.


Part of the success of these sharing economies is due to the fact that they can easily circumvent the established laws and rules. Most cities are way behind the times when it comes to Uber / AirBNB etc - however, some of them are catching up. When they do, know the ‘new rules’ and play by them.