All Forum Posts by: Frank Borzen

We own a flooring business, and I can tell you that the majority of the time your local mom and pop store will be cheaper than the big box stores. Better quality product, better installation, and making relationships is invaluable if you plan to scale.

I live in Broward County and the prices are outrageous. What I am seeing is investors using STRs in what I would consider sub par (sketchy) neighborhoods. If you find a good deal in a good neighborhood you may make the numbers work. Anything currently operating as a STR is generally overpriced in my opinion. Lots of lipstick on a pig around here.

We have been in the Keys market for over 20 years. Insurance itself is not too unreasonable. Flood insurance is what can kill you. One of our homes had a flood insurance policy of 18k per year until we actually got the home rezoned.

In terms of cash flow, it will be very difficult to find a place where you can put down 20% and still make money. Prices are outrageous and rents are returning to 2019 levels.

I am sure many of you have crossed these bridges before:

How do you keep track of TV remotes? We constantly have guests misplacing them, losing them, putting them in the wrong rooms. Very frustrating and I do not know what to do besides wire them to furniture.

We are in Florida and screened porches are like gold. The issue is that the screens are constantly being poked out and damaged. We are required to have our door handles up high and kids are constantly jumping up and punching the screens while trying to open the door.

Any thoughts or recommendations would be appreciated.

There was a similar thread several weeks ago. We did it with great success in the Florida Keys. Lots of variables, but it only works if you can launch the boat yourself, or if you have someone very trustworthy and knowledgeable who can do it. The right boat is also very important.

The easier model is to see if local rental companies will provide referral fees if you give them business.

Sean my point was that the Disney area can very quickly be a "race to the bottom." Tons of competition with literally hundreds of new homes being built/planned. Depending on the season there are amazing homes available for half the cost of hotels...based on when they purchased, many of those homeowners are flat out losing money.

 Some posts on this forum are invaluable. This is one of them, especially the last sentence of the first paragraph.

Hi, we have completed flooring in 11 townhomes. We are going to file NTOs. They are all part of the same project. Resident unoccupied, and owned by the builder. We are contracted with the general contractor.

Should we file 1 NTO with all addresses, or 11 NTOs each with an individual address? It has become clear that payment will be a problem, so we need to make sure it is done correctly. We generally use Levelset to for our NTOs and liens.

Windsor Hills is an amazing neighborhood. Houses can be hit and miss, which can help if you are looking to invest and put some work into the home. They added the big water slides and they are very nice.

Encore at Reunion is a hard pass due to their restrictions. Before the covid real estate craze homes were selling for 50-70% of original purchase price. Lots of foreign purchasers in there.

Others like Solterra, Windsor at Westside, and Solara offer similar amenities and would be more of a personal choice.

Here in Florida it takes about 30 days to evict.

Most people do a first, last, and security to move in. We do a first and two securities. In the case that you have to evict you essentially have two months of rent in hand.