All Forum Posts by: Giannina Biala

@Joseph DiNardi-Mack right that's exactly what the property management mentioned the cost would not cover any maintenance. So I'm assuming this other potential issues might add on to the costs if they happen to occur. 

Yes it's a condo and I would need to ensure that the tenant abides by the rules and can only rent 2x a year so I'm really only considering 6 month stay and possibly 3 month stay in the summer (although not imperative). 

On your other point, I will see if the management offers the use of their maintenance service for an additional fee if the need should come up.

How do you market for the short term rentals (30 days plus) through airbnb, vrbo, and homeaway? I have used airbnb to see the interest for  potential vacationers for a 3 month period but it doesn't seem to get much attention. I haven't tried the other sites since I think it requires upfront costs(don't recall). Appreciate any feedback! thanks

Joseph DiNardi-Mack thanks for the reply. Yes the property management looking for 10% on monthly rent (is that the range you’ve seen)given i don’t expect too many issues I am leaning towards self managing once I have a tenant in place for the short term (6months). Do you have a team in place at Fort Lauderdale like cleaning crew, plumber, electrician, key drop off? Also not sure if your condo has many requirements for tenant approval and abiding by rules for any short term rental so do you find it be relatively simple to handle from another state? Also I will dm you (just don’t know how to do so via app) for the tool you use. Thanks again!

Hi All Any investor self managing a vacation rental in Palm beach Area? Any tips on effectively self managing or just better to pass on to property management if not in area?

A great episode! Play to listen to it a few times!

Mario Bellavia I think Airbnb option is a great idea as long as you are within a short distance that can handle the property management. I’ve seen a few people post short term rentals on Airbnb for city folk that want to get away. I’ve thought about new Milford but also concerned if flood zones and further on coast closing into Rhode Island like new London, new Saybrook, mystic area I see some fairly inexpensive homes however those by water seem more difficult to find. Also it seems there might be some areas in new London I believe that want to steer clear just not so familiar with that area. Have you come across this issue?

@Chad Fagan ... could you advise if the fha loan with low down payment required owner to live in it? Also any recommendation on mortgage brokers?

@Colin Stuart I would be interested in joining this group!

How did the auction work out? I’m also from CT and interested in properties further north via auction but I’m not too familiar so interested as to how it turned out.