All Forum Posts by: Jamilah Khalil

I was recently approved to purchase my 2nd multiplex, my first investment property which I purchased in June of 2018 is a triplex located in Fort Lauderdale which is currently listed on multiple STR portals @ 85% occupancy!!

I've been doing STR for nearly 10 years however 9 of those years were in Seattle and in Germany with zero experience with BEACH locations.

I would really appreciate some advice about my 2nd investment property which will most likely be a multiplex of 6 or more doors. Here's the thing that I'm not sure about:

I'm interested in purchasing a multiplex that will hopefully be 6 or more doors and no more than a block or two from the beach. 

The STR industry is all about the daily rate, the location, the amenities & the reviews but my experience in the STR industry has always been in climates that are wet & cold. ;)

Question: what would be more advantageous from a STR perspective when buying a multiplex close to the beach to look for 1/1 vs let's say a 2/1 or 2/2,3/2 etc?

I've looked at comps on all the STR portals to see which gets booked most a 1/1 or a 2/1 for example. Also looked at STR comps for daily rates to see what is more profitable but can't seem to make head nor tail of it unfortunately.

If I were to take a guess I would say studio's & 1/1 are probably are more profitable for us owners and multiple bedrooms being more profitable for the STrenter!?!

Any help or advice would be great. Thanking you all in advance :)

-Jamilah

Hey Tim, I'm new here to FLL, and recently bought a triplex (6/1/18) in Croissant Park that is currently a STR using multiple sites like airbnb, flip key, homeaway, vrbo etc. I would really love to hear your thoughts about STR's in Broward County because although I have only been STR'íng here in FLL for a few months (did STR for 9 years in Seattle's Cap Hill) I fear with all of the costs like vacation rental licensing, business licensing, property taxes, stay tax, insurance, monthly upkeep etc that STR's might not be as profitable as I thought.

Also, who does your cleaning/maintenance etc? 

Any thoughts on crew rentals being that Fort Lauderdale is the Venice of North America? I hear that crew rentals are just as profitable as airbnb/homeaway/vrbo. My thought train is how to maximising cash flow income from multiple income streams and not just vacationers.

Maybe you have time one day soon to chat :)

Hi James,

can you please send me more information about this condo and also, is this a foreclosure property?

Thanks,

Jamilah